ECB Focuses Corporate-Bond Plan on What’s Driving Growth: Chart

Consumer-goods companies benefited the most in the first weeks of the European Central Bank’s corporate-bond purchase program, suggesting policy makers are trying to underpin an economic recovery driven by domestic spending. The ECB started buying debt from non-financial corporations on June 8, and the latest data show it spent 13.2 billion euros ($14.8 billion) as of July 29. Corporate-bond purchases are part of a 1.7 trillion-euro asset-purchase plan designed to help lift inflation.

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