Investing.com - The euro zone's M3 money supply grew less-than-expected in September, official data showed on Thursday.
In a report, the European Central Bank said M3 money supply in the single currency bloc rose at annualized rate of 2.7% in September, below expectations for a 3.0% increase.
M3 money supply in the euro zone rose 2.8% in the preceding month, downwardly revised from a previously reported 2.9%.
Loans to private sector declined at a pace of 0.8% annually last month, compared to expectations for a 0.6% drop after falling 0.6% in August.
Following the release of the data, the euro remained higher against the U.S. dollar, with EUR/USD adding 0.29% to trade at 1.3011.
Meanwhile, European stock markets held on to broad gains. The EURO STOXX 50 rose 0.55%, France’s CAC 40 climbed 0.65%, Germany's DAX advanced 0.5%, while London’s FTSE 100 eased up 0.5%.
In a report, the European Central Bank said M3 money supply in the single currency bloc rose at annualized rate of 2.7% in September, below expectations for a 3.0% increase.
M3 money supply in the euro zone rose 2.8% in the preceding month, downwardly revised from a previously reported 2.9%.
Loans to private sector declined at a pace of 0.8% annually last month, compared to expectations for a 0.6% drop after falling 0.6% in August.
Following the release of the data, the euro remained higher against the U.S. dollar, with EUR/USD adding 0.29% to trade at 1.3011.
Meanwhile, European stock markets held on to broad gains. The EURO STOXX 50 rose 0.55%, France’s CAC 40 climbed 0.65%, Germany's DAX advanced 0.5%, while London’s FTSE 100 eased up 0.5%.