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FRANKFURT – Lending to euro zone corporations dipped into adverse territory for the primary time since 2015, knowledge from the European Central Financial institution confirmed on Tuesday, because the bloc was possible in recession and dealing with a protracted restoration.
Financial institution lending to companies shrunk by 0.3 p.c in October after a 0.2- p.c enlargement a month earlier whereas lending development to households slowed to 0.6 p.c from 0.8 p.c, the ECB mentioned.
The M3 measure of cash provide, seen previously as indicator of future financial enlargement, in the meantime picked as much as minus 1 p.c from minus 1.2 p.c, not removed from expectations for a 0.9- p.c contraction.
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