EMU: M3 Money Supply expands 3% in April

FXstreet.com (Barcelona) - The Eurozone M3 Money Supply increased 3% in the three months to April, following a 3% rise in the three months to March, according to the ECB official data. Analysts expected slightly less growth of 2.9%.

On an annual basis M3 Money supply grew 3.2% in April, compared with the 2.6% rise registered the previous month and above forecasts of a 2.9% increase.

Year-over-year Private loans fell 0.9%, after dropping 0.7%, as expected.