The Weekly Brief (26 October 2015)Contributor Global Markets Insights Strategy Team
The latest ECB Bank lending survey highlighted a gradual improvement in eurozone credit demand despite the rising global headwinds.
As we can see in this week’s chart taken from page 18 of the Guide to the Markets, total credit demand has declined from last quarter’s results but the overall trend is encouraging. The latest results also highlighted significant improvement in credit demand in Italy and Spain, additional evidence that the periphery is beginning to drive economic momentum in the eurozone. Overall we continue to remain constructive on the growth prospects for the region, especially if sustainable drivers of the economy such as credit conditions continue to pick up speed.
Credit demand and eurozone GDP growth
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