The European Central Bank reported on 25 September that annual growth in the euro area’s broad M3 money supply rose to 3.5% in August from 3.4% in July. M1, which includes currency in circulation and overnight deposits, grew 2.9% year on year, down from 3.1%.

Seasonally and calendar-adjusted loans to households grew 3.1% year on year, unchanged, while lending to non-financial companies slowed to 4.2% from 4.4%. Adjusted loans to the private sector as a whole accelerated to 4.3% from 4.1%. These are annual growth rates, not monthly amounts of new lending.