Growth of loans to eurozone private sector starts to slow

Frankfurt

DISAPPOINTING eurozone credit growth data will put more pressure on the European Central Bank (ECB) to take additional action to boost the euro area's lacklustre recovery, analysts said on Tuesday.

Growth of loans to the private sector in the euro area, a gauge of economic health, appears to be losing momentum again, new ECB data showed.

After long months of contraction, the volume of loans to private businesses and households has finally started growing again.

But the rate of that expansion slowed last month, with the volume of loans increasing by just 0.6 per cent in September compared with the same month …