EMU: M3 Money Supply up 2.8% in June

FXstreet.com (Barcelona) - The Eurozone M3 Money Supply increased 2.8% in the three months to June, following a 2.9% rise in the three months to May, according to the ECB official data. Market consensus pointed to 3% growth.

On an annual basis M3 Money supply grew 2.3% in June, down from the 2.9% rise registered the previous month and below forecasts of a 3% increase.

Year-over-year Private loans fell 1.6%, after dropping 1.1%, below forecasts of -1.1%