FRANKFURT: The volume of loans to the private sector in the euro area expanded in October, with a bigger bounce recorded than the previous month, European Central Bank (ECB) data showed on Thursday. The data are for the ECB a key indicator of economic health, as borrowing is a main financing source for corporate investment which in turn should boost the eurozone’s currently weak economy. During the month, loans accorded rose one per cent from a year ago, compared to a growth of 0.6 per cent recorded in September, an ECB spokesman said.