Lending to firms and households accelerated on the year in November, data from the European Central Bank showed Friday.
Lending to firms grew by 3.1%, after 2.9% in the previous month, while lending to households increased by 2.8% after 2.7% in October.
The central bank’s key indicator of money supply growth, M3, grew by 4.9% in November, after 5.0% in the previous month, and coming in line with expectations of 4.9% in a survey by The Wall Street Journal.
The three-month average stood at 5.0%.
Source: Dow Jones