Further drop in consumer lending

NOVEMBER saw a continuing fall in consumer lending levels, although there was evidence of a marginal increase in corporate loan activity.

New monthly figures from the Central Bank, which were published yesterday, show that overall lending to households fell by 4.1% or €363 million in November, when measured on a year-by-year basis.

This follows on from an annualised fall in household lending of 3.9% in October.