ECB: Private Sector Lending Increased in May

        By Brian Blackstone and Todd Buell
        FRANKFURT--Lending to the eurozone's private sector increased in May, according to a report Friday from the European Central Bank, suggesting the region's economic recovery is beginning to broaden out and boost demand for new credit.
        Private sector lending rose 0.5% on the year last month, the ECB said, up from April's flat reading on an annual basis. The rise was driven by a 0.9% increase in lending to households, which offset a slight decline in business lending.
        The ECB's broad measure of money supply, M3, was up 5% on the year, a slight deceleration from April's 5.3% rate.
        Write to Brian Blackstone at brian.blackstone@wsj.com and Todd Buell at todd.buell@wsj.com
        (END) Dow Jones Newswires

        June 26, 2015 04:14 ET (08:14 GMT)

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