CREDIT DE­MAND SLOWS

Finweek English Edition - - ECONOMICTRENDS -

Pri­vate sec­tor credit ex­ten­sion in­creased by 5,2% year-on-year af­ter ris­ing by 6,2% in April and against the mar­ket con­sen­sus of a rise to 6,4%. House­holds re­mained the main driver of credit growth, with house­hold credit up. Cor­po­rate credit de­mand fell. Credit growth is ex­pected to im­prove fur­ther over com­ing months, with house­hold de­mand likely to drive a mod­er­ate im­prove­ment in over­all credit ex­ten­sion.

Growth in M3 and bank credit ex­ten­sion

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.