Fewer loans are channeled to firms

According to the datas of the European Central Bank; the size of loans granted to European firms decreased by 1.9 percent in June.

With the exception of the banks and other financial institutions, corporate loans decreased by 2.1 percent in May and by 1.9 percent in June. In the last three months, the M3 indicator remained unchanged.
According to Commerzbank’s analyst; these datas show, that there is still no clear evidence of the economy revival – reports Világgazdaság Online, after The New York Times.