News Column

Eurozone M3 Growth Slows; Private Sector Lending Continues To Fall

May 28, 2014

BRUSSELS (Alliance News) - Eurozone money supply growth slowed in April and loans to the private sector continued its downward trend, data from the European Central Bank showed Wednesday.

The annual growth of the broad monetary aggregate M3 decreased to 0.8% in April from 1% in March. M3 was forecast to grow by 1.1%.

The average M3 annual growth during February to April slowed to 1% from 1.1% in January to March.

Data showed that loans to the private sector fell 1.8%, compared to March's decrease of 2.2%. At the same time, loans to households remained flat after easing 0.1%.

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Source: Alliance News

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