Lending to euro zone businesses contracted in March - ECB

Tuesday 29 April 2014 11.04
Private sector loans have fallen in the past three months, according to ECB data
Private sector loans have fallen in the past three months, according to ECB data

Lending to businesses in the debt-mired euro zone contracted again in March, according to data published by the European Central Bank.

Private sector loans dropped by 2.2% last month on a year-on-year comparison, the ECB said, after already contracting in January and February.

The Frankfurt-based ECB also published its latest money supply figures, a preliminary indicator of inflation, showing a 1.1% increase in March after rising 1.3% a month earlier.