Bank credit to industry grows 17.5% in May
after close1 source ↓written by the desknot a recommendation
- year-on-year
- 17.5%
- credit also rose
- 17.4%
- last year
- 8.8%
Bank credit to industry surged by 17.5% year-on-year in May, driven by strong advances to large industries and healthy growth in the MSE sector. Non-food bank credit also rose 17.4%, compared to 8.8% last year. This robust credit growth signals increased economic activity, potentially boosting market sentiment.
Not investment advice. For informational purposes only.