Demand for credit among eurozone non-financial companies declined in the fourth quarter of 2019 in spite of the enhanced support provided by the European Central Bank (ECB).

According to the ECB’s quarterly bank lending survey, released today (January 21), banks report companies’ demand for loans declined by eight percentage points in the last three months. In the previous quarter it had increased by one percentage point. This is another sign of “the slowdown in economic activity that has been