ECB: M3 in euro zone at 4.8% y/y in May

 The increase in money supply (M3) in the euro zone amounted to 4.8 percent y/y in May 2019, compared to 4.7 percent a month earlier, the European Central Bank (ECB) has reported. The market consensus was 4.6 percent. The increase in loans to non-financial enterprises amounted to 3.9 percent in annual terms (compared to 3.9 percent in the previous month), while the increase in lending to households amounted to 3.3 percent (compared to 3.3 percent a month earlier).

(ISBnews)