ECB Says Private Lending Contracted for 12th Month in April
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Lending to companies and households in the euro area contracted for a 12th straight month in April as the currency region struggles to leave its longest-ever recession behind.
Loans to the private sector fell 0.9 percent from a year earlier after dropping an annual 0.7 percent in March, the Frankfurt-based European Central Bank said today. Lending declined 0.3 percent from March.