Sweden’s household lending growth increased in October, Statistics Sweden showed Monday.
Households’ loans from monetary financial institutions climbed 7.1 percent year-on-year in October, slightly faster than the revised 7 percent increase seen in September.
Households’ loans increased SEK 18 billion from the previous month to SEK 3.76 trillion in October.
Annual growth in housing loans came in at 7.3 percent versus 7.2 percent a month ago. Households’ loans for consumption had a growth rate of 7.4 percent in October.
Data showed that the annual growth rate for loans to non-financial corporations was 3.7 percent, slightly slower than the the previous month’s increase of 3.8 percent.
The material has been provided by InstaForex Company – www.instaforex.com
Disclaimer: Please note all prices are for information only, they should not be relied upon for accuracy or trading. All prices quotes are based on CFD prices and are similar though not always identical to real exchange prices. STOCKTRKR or anybody connected with STOCKTRKR will not accept any liability for loss or damage arising from use of any information/commentary/charts or articles which is provided 'as is' for educational purposes only, nothing contained on this website should be considered as investment advice - please seek proper investment advice from registered financial broker or institution if you wish to trade on global markets and ensure you are familiar with the risks.
