Eurozone October M3 money supply +2.8% v +2.8% y/y expected

• Prior +2.8%

Broad money growth in the euro area remains unchanged in October, with the narrower M1 showing annual growth of 5.2% – up from 5.0% in September. Further details show that the annual growth rate of adjusted loans to households increased to 2.8% in October from 2.6% in September. Meanwhile, the annual growth rate of adjusted loans to non-financial corporations stood at 2.9% in October, unchanged from previous month.

This article was written by Justin Low at investinglive.com.