SPAIN: The household debt fell by 4% and still at low levels … – EntornoInteligente

<- AUGURE_NOTICIA_INICIO -> SPAIN: The household debt fell by 4% and continues to minimum 9 years / Expansion / The debt of Spanish families with financial institutions fell in May by 3.9% yoy, which puts the figure at 736 080 million euros for the third consecutive month in your level the lowest since August 2006.

According to the updated today by the Bank of Spain data, annual cuts registered for the credits for the purchase of housing was the main reason for the fall in credit to households, since in May 2014 amounted to 600.439 million euros, 4.1% less than the 575.277 million euros in May this year.

Compared to the previous month, the household debt remained virtually unchanged, although slightly lower, as it went from 737 983 000 (according to the final data) to 736 080 million.

As for business loans, has also been reduced in May from the previous year, 5 , 1% to 941.345 million euros, while in April the decline has been only 0.68%.

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