New capacity will soon be on-stream in a number of areas. Third, the services sector is emerging as a vibrant industry, which is not only contributing directly to real GDP growth, but is also supporting the productive sectors’ performance.
Amid these developments, private banks’ lending continues to decline by about 2-3 percent on a yearon-year basis. The year-on-year growth rate of the amount outstanding of corporate bonds issued is decreasing somewhat. The year-on-year growth rate of the amount outstanding of CP issued is declining recently, although the amount is still well above the previous year’s level.