Reuters: Financial Services and Real Estate: TABLE-Euro-zone M3 up, private loan growth slows in March

Reuters: Financial Services and Real Estate Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

TABLE-Euro-zone M3 up, private loan growth slows in March Apr 30th 2012, 08:28 Tweet Share this Email Print Mon Apr 30, 2012 4:28am EDT FRANKFURT, April 30 (Reuters) - Money supply growth accelerated and loan growth to the private sector slowed in March, the European Central Bank said on Monday. The ECB gave the following percentage changes in growth, seasonally adjusted: MARCH FEB Prior M3 annual growth rate 3.2 2.8 (2.8) M3 3-month moving avg 12-mo growth 2.8 2.3 (2.3) Annual total credit growth 1.8 1.4 (1.4) Annual credit growth private sector 0.5 0.4 (0.3) -- of which loans 0.6 0.8 (0.7) Breakdown of Loans, pct annual growth rate: Loans to households 0.6 1.2 (1.2) -- consumer credit -2.0 -1.8 (-1.8) -- for home purchases 1.1 1.8 (1.8) Loans to non-financial corporations 0.3 0.6 (0.4) Monthly loan flow to firms (bln eur) -5 -2 (-3) FORECAST: A Reuters poll showed 36 economists on average expected 12-month M3 growth of 2.8 percent, with forecasts ranging from 2.4 percent to 3.2 percent. For private loan growth, economists on average expected 0.7 percent growth, with a forecast range of 0.3 percent to 1.0 percent. For a copy of the report, please click here NOTES: The data are adjusted to exclude holdings of money market fund shares or units by residents outside the euro area and non-resident holdings of money market paper and debt securities with an initial maturity of up to two years. Previously reported data from the prior month are in brackets. The ECB has set a reference rate of 4.5 percent for the three-month moving average of annual money supply growth, above which the bank sees dangers to medium-term price stability. (Reporting By Eva Kuehnen) Tweet this Link this Share this Digg this Email Reprints Comments (0) This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions