wallstreetexaminer.com / by Anthony B Sanders / August 31, 2017
Commercial bank lending for commericial and industrial (C&I) loans, real estate loans, credit cards and automobile loans are, as New Jersey native Bruce Springsteen sang, going down.
On a year-over-year (YoY) basis, major commercial bank lending activities are deteriorating with C&I loans contracting the most. To be sure, all four bank lendings products are still experiencing positive growth, but the trend is worrisome.
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Overall, bank credit YoY is expanding at 3.4%, considerably lower than the 8% YoY growth rate in August-October of 2016.
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