FRANKFURT — Credit to European companies fell in June in a sign that business expansion remains tepid, according to data issued by the European Central Bank Tuesday. Growth in so-called M3, a measure of bank deposits, short-term debt and other elements of the money supply, rose at an annual rate of 0.2 percent in June after declining 0.1 percent in May. The average growth for the last three months was zero, the E.C.B. said Tuesday. Loans to companies, excluding banks and other financial...
Full Story: The New York Times
