Investing.com - The euro zone's M3 money supply grew in line with expectations in May, while private loans declined for the 12th consecutive month, 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 2.9% in May, in line with expectations.
M3 money supply in the euro zone rose 3.2% in the preceding month.
Loans to private sector declined at a pace of 1.1% annually last month, compared to expectations for a 0.9% drop, after falling 0.9% in April.
Following the release of the data, the euro held on to gains against the U.S. dollar, with EUR/USD adding 0.19% to trade at 1.3037.
Meanwhile, European stock markets remained mixed. The EURO STOXX 50 fell 0.3%, France’s CAC 40 declined 0.3%, Germany's DAX was flat, while London’s FTSE 100 added 0.4%.
In a report, the European Central Bank said M3 money supply in the single currency bloc rose at annualized rate of 2.9% in May, in line with expectations.
M3 money supply in the euro zone rose 3.2% in the preceding month.
Loans to private sector declined at a pace of 1.1% annually last month, compared to expectations for a 0.9% drop, after falling 0.9% in April.
Following the release of the data, the euro held on to gains against the U.S. dollar, with EUR/USD adding 0.19% to trade at 1.3037.
Meanwhile, European stock markets remained mixed. The EURO STOXX 50 fell 0.3%, France’s CAC 40 declined 0.3%, Germany's DAX was flat, while London’s FTSE 100 added 0.4%.