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M3 Money Supply increased to 3.1%

Tuesday, Dec 30 2014
The annual growth rate of the broad monetary aggregate M3 increased to 3.1% in November 2014, from 2.5% in October 2014. Analysts were anticipating 2.6% increase. The three-month average of the annual growth rates of M3 in the period from September 2014 to November 2014 increased to 2.7%, from 2.3% in the period from August 2014 to October 2014.  
 
Among the components of credit to the private sector, the annual growth rate of loans was less negative at -0.9% in November, from -1.1% in the previous month. The annual growth rate of loans to households stood at -0.4% in November, unchanged from the previous month. 
 
After the data euro declined few points, but this is more caused by resistance near 1.22 handle. Later today, in the US session, CB Consumer Confidence figures are scheduled for a release.
More in this category: « Spanish CPI down by 1.1% CB Consumer Confidence rose less than expected »

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