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Credit constraints for German industry, trade rises slightly in November: Ifo

Xinhua, November 30, 2016 Adjust font size:

The credit constraints for German industry and trade companies rises slightly in November compared to October, the research institute Ifo reported on Tuesday.

According to the report, the percentage of companies reporting problems in borrowing rose slightly from 14.4 percent in October to 14.6 percent in November.

The index in the manufacturing sector fell from 12.5 to 11.8 percent, a new record low, while the indicator in the construction industry rose from 15.1 percent to 16.7 percent, the think tank said.

"Financing conditions continue to be very good," Ifo president Clemens Fuest said, adding that German companies continue to have little difficulty in obtaining bank loans.

The credit constraint indicator is based on about 4,000 responses of firms in industry and trade from the manufacturing, construction, wholesaling and retailing sectors. Endit