FRANKFURT--Lending to the eurozone private sector slowed in September, according to a report by the European Central Bank, suggesting the bank's stimulus measures have yet to spark a significant turnaround in the region's economy.
According to the ECB report, lending to households was 1% higher than one year ago, a slight acceleration from August. However, lending to businesses slowed to 0.1% last month from 0.4% in August.
"It may well be that businesses have become more cautious over borrowing recently given heightened uncertainties over the global growth outlook," said Howard Archer, economist at IHS Global Insight.
The ECB also said that growth in its broadest measure of the money supply, M3, stood at 4.9% in September, unchanged from the previous month.
Write to Brian Blackstone at brian.blackstone@wsj.com
