3 Graphs on Companies’ Demand for Credit in the Euro Area

The ECB survey on banks’ lending conditions is very instructive in October. It gives a positive signal on the funding of the Euro economy through the banking sector. Behaviors have changed in 2014 even if this is not yet transformed in real on the growth economic momentum.
A focus will be put on companies as the change in trend will come from them.
Three questions
The first in on credit demand
Companies, small or large, have a demand that is getting stronger all over 2014. To ease the reading of the chart, 0 is the historical level. We see that demand is now well above this threshold.
Credit demand is now better shaped; expectations are stronger Continue reading