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Saturday, 6 April 2013

Chart of the Day: Euro Area Credit For Consumption Declines at Record Pace

In February, credit for consumption in the euro area fell by an annualised growth rate of 3.3% according to the ECB. This was the biggest decline ever based on data going back to 1998 and it has now declined every single month since April 2009.

Credit for Consumption in Euro Area, Annualised Growth Rate
Source: ECB

Credit for Consumption in Euro Area, Outstanding Amounts (millions of Euro)
Source: ECB

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