Euro Area M3 Money Supply YoY
Published:
Annual growth in the euro area's M3 broad money, published monthly by the ECB.
Full explanation
Euro Area M3 Money Supply YoY is the annual growth rate of the euro area's broad monetary aggregate M3, published monthly by the European Central Bank (ECB) in its Monetary developments in the euro area release. M3 comprises currency in circulation, overnight deposits, short-term deposits and marketable instruments such as money market fund shares. The headline growth rate is seasonally adjusted.
Why traders watch it
M3 growth is part of the ECB's monetary analysis and indicates liquidity and credit conditions across the euro area.
Stronger vs weaker outcomes
Faster growth than expected points to looser monetary and credit conditions and can support expectations of firmer activity or inflation; slower growth points the other way.
A higher reading means euro-area broad money grew faster over the past year.
A lower reading means it grew more slowly.
Higher means faster; lower means slower.
Release details
- Release frequency
- Monthly (about four weeks after month-end)
- Published by
- EA
Typical volatility
Low. This is the growth rate; the ECB also publishes the stock (amount) of M3, which is a different figure.
Trading considerations
- Read with loans to households and companies in the same release.
Educational guidance only — never a trading signal or recommendation.
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