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SLOOS: Loan Demand Fell In Q2 But Mostly At A Softer Pace Than Previously

US DATA
  • Loan demand continued to almost universally contract in Q2 although nearly every sector covered in the SLOOS saw at least some moderation compared with Q1 when SVB-related fallout weighed heavily in March.
  • Those that stand out slightly are C&I loans seeing minimal improvement compared to Q1 and credit card demand flat on the quarter in a rare net 0 compared to all other main categories.

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