FRANKFURT ( Dow Jones) – The German company has also in September, the opportunity improved loans obtain to . In September, the credit constraint for German industry and trade for the ninth time has declined in succession, such as the Ifo announced Institute for Economic Research on Wednesday. (Photo : ifo)
29.0% of respondents rated the bank lending as restrictive. That is 0.5 percentage points less than in August.
"Germany remains the credit crunch spared suffering in the countries of south-western periphery of Europe , "said Ifo President Hans – Werner Sinn. This is the view of the Ifo president because the more sensitive to risk have become banks , the German savings that previously went largely to foreign countries to accommodate a renewed emphasis on domestic try .
In manufacturing, the large and medium-sized companies get easy bank loans . In the major companies is the credit constraint in September by 1.2 percentage points 30.8% and in the medium by 0.5 percentage points decreased to 27.2 %. For small companies, however, access to credit has become more difficult. In small companies, the credit constraint is increased by 0.8 percentage points to 29.7 %.
Most clearly the situation has to get to credit, improved in the construction industry . The credit constraint has decreased by 3.6 percentage points to 35.0 %. Somewhat difficult it was, however, granted in September for the trade by banks to get a loan . Here the credit constraints increased by 0.4 percentage points to 26.8 %.
Website: www.cesifo – group.de
– By Beate Preuschoff, Dow Jones Newswires , +49 ( 0) 30-2888 4122
beate.preuschoff @ dowjones.com
DJG / bep / kth / voi