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Sat 11 Nov 2009Construction, manufacturing loans fall most - Central Bank
LENDING TO most sectors of the economy remains in decline, with loans to the construction and manufacturing sectors falling the most in the third quarter of the year, according to new figures from the Central Bank.
A breakdown of private sector credit from the bank shows that lending to the construction sector in the third quarter fell €2.4 billion, down 12.6 per cent on the second quarter. Lending to the beleaguered sector was down 28 per cent, or €6.3 billion, year on year. Manufacturing also continues to be among the hardest-hit sectors, with a 17.6 per cent or €1.6 billion year-on-year decline in lending, and a 3.5 per cent, or €271 million, quarterly decline.
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