Zona euro, M3 risale in novembre, accelera calo prestiti a privati

venerdì 3 gennaio 2014 10:21

FRANCOFORTE, 3 gennaio (Reuters) - Euro zone money supply
growth picked up slightly in November, while loans to the
private sector contracted further, the European Central Bank
said on Friday.  
    The ECB gave the following percentage changes in growth,  
seasonally adjusted:    
                                         NOV    OCT       Prior 
 M3 annual growth rate                   1.5    1.4       (1.4) 
 M3 3-month moving avg 12-mo growth      1.7    1.9       (1.9) 
 Annual total credit growth             -1.4   -1.0      (-1.0) 
 Annual credit growth private sector    -1.6   -1.4      (-1.4) 
  -- of which loans                     -2.3   -2.2      (-2.1) 
  -- of which loans (adj. for sales  
     and securitisation)                -1.8   -1.7      (-1.7) 
 Breakdown of Loans, pct annual growth rate:      
 Loans to households                     0.1    0.2       (0.1) 
  -- consumer credit                    -3.4   -3.1      (-3.1) 
  -- for home purchases                  0.9    0.9       (0.9) 
 Loans to non-financial corporations    -3.9   -3.8      (-3.7) 
 Loans to NFCs adj. for sales and  
 securitisation                         -3.1   -3.0      (-2.9) 
 Monthly loan flow to firms (bln euros)  -14    -17       (-14) 
    A Reuters poll showed 27 economists on average expected  
12-month M3 growth of 1.5 percent, with forecasts ranging from  
1.0 percent to 2.1 percent. For private loan growth, economists 
on average expected a contraction of 2.1 percent, with a 
forecast range of -2.4 percent to -1.9 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  
   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.     
 (Writing by Eva Taylor and Sakari Suoninen)