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He cited rising loans, retail sales in January and growing power output and consumption since the middle of February.
Many other buyers, meanwhile, have been unable to get financing because lenders stung by rising loans gone bad have tightened qualification criteria.
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Rising loan totals can be a bad sign.
Rising loan losses among European banks continue to spook investors.
The unions protest, blaming top management for falling productivity, rising loan defaults and organisational chaos.
It put the losses down to growing regulatory costs and rising loan impairments in India.
Commercial building projects have suffered in the weak economy through rising loan defaults and tighter credit.
Federal regulators have proposed guidelines aimed at helping credit card companies weather rising loan losses.
A rising loan to value ratio leaves Northern Rock exposed to any slump in house prices.
Concern is growing about rising loan defaults as Spain sinks deeper into its second recession in three years.
Other banks that have warned of rising loan losses include the Bank of New York, Comerica and Northern Trust.
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