MW:Euro-zone private-sector loan growth slows in July
By William L. Watts
FRANKFURT (MarketWatch) -- Lending to the private sector in the 17-nation euro zone grew at an annual rate of 2.4% in July, slowing from a 2.5% annual rate in June, the European Central Bank reported Friday. M3, a broad measure of money supply, grew at an annual rate of 2% in July, up from 1.9% in June, the ECB said. Economists had forecast annual M3 growth of 2.2%.
