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Credit constraints for German industry, trade fall slightly in December: Ifo

Xinhua, December 23, 2016 Adjust font size:

The credit constraints for German industry and trade companies fell slightly in December compared to November, the research institute Ifo reported on Friday.

According to the report, the percentage of companies reporting restrictive lending by banks decreased slightly from 14.6 percent in November to 14.5 percent in December.

The index in the manufacturing sector rose from 11.8 percent to 12.6 percent, while the indicator in the construction industry rose by 0.1 percent to 16.8 percent month on month, the think tank said.

"It has become slightly easier for German companies to access bank loans," Ifo president Clemens Fuest said, adding that financing conditions were very favorable in 2016 and are expected to remain so in 2017.

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