2014-09-20

Loan Demand Slumps in Q3

No surprise given the weak credit numbers, but the PBOC business survey reflects the weakness. Overall demand for business loans (according to bankers surveyed) was down to 66.6% (chart below). Broken down further, the demand from large, medium and small enterprises was as follows: 55.3%, 62% and 70.8%. No surprise there either as small firms still have a harder time accessing credit.


Here's the entrepreneurs' macroeconomic temperature (green) and economic confidence (red).

Here's the survey numbers for the bankers. Survey results are at their worst since Q3 2012.

Depositors are also surveyed. Here's their feelings on current wages (blue) and expected wages (red). Optimism is still there even though the trend is down.

The desire to spend more (dark blue), save more (light blue), invest more (red).

All data from the PBOC.

No comments:

Post a Comment