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- M3 money supply in the Eurozone rises 5.3% in April from last year
M3 money supply in the Eurozone rises 5.3% in April from last year
The European Central Bank (ECB) released its M3 money supply figures on Friday. M3 money supply rose 5.3% in April from last year, exceeding expectations for a 4.9% gain, after a 4.6 % increase in March.
During three months to April, M3 money supply rose to 4.7% from 4.2% in the January to March period.
The lending for house purchase climbed 0.1% in three months to April, after a 0.2% rise a quarter ago.
Loans to the private sector in the Eurozone were flat in April from the last year, missing expectations for a 0.2% gain, after a 0.1% increase in March.
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