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Euro zone lending growth holds up even as survey points to weakness

Reuters
Euro zone lending growth holds up even as survey points to weakness

FRANKFURT, Oct ‌27 (Reuters) - Lending to euro zone firms ​continued to ‌grow at a healthy ‌pace in September, European Central Bank data ‌showed on Tuesday, even as a key survey indicated tightening credit standards ⁠and no demand ‌growth.

Lending to firms ⁠across the 21-nation euro ​zone expanded by 4.2% in September, unchanged on ​the previous month, ​while ‌household lending was unchanged ​at 3.1%, equalling ⁠its best rate ‌in over ​three years.

The ​M3 measure of money circulating in the euro zone, often an indicator ‌of future activity, held steady at 3.5%, ‌ahead ​of expectations for 3.4% in a Reuters poll of analysts.

(Reporting by Balazs ‌KoranyiEditing by Francesco Canepa)