The M3 measure of money supply in the Euro Area, seen in the past as a good indicator of future economic expansion, went up 0.9% year-on-year in March 2024, above forecasts of a 0.5% rise. Money Supply M3 in the Euro Area averaged 6664468.52 EUR Million from 1980 until 2024, reaching an all time high of 16195837 EUR Million in September of 2022 and a record low of 1097404 EUR Million in January of 1980. source: European Central Bank

Money Supply M3 In the Euro Area increased to 16190431 EUR Million in March from 16114443 EUR Million in February of 2024.

Money Supply M3 In the Euro Area increased to 16190431 EUR Million in March from 16114443 EUR Million in February of 2024. Money Supply M3 in Euro Area is expected to be 16199000.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Money Supply M3 is projected to trend around 16639700.00 EUR Million in 2025 and 16937400.00 EUR Million in 2026, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-03-28 09:00 AM
M3 Money Supply YoY
Feb 0.4% 0.1% 0.3% 0.2%
2024-04-26 08:00 AM
M3 Money Supply YoY
Mar 0.9% 0.3% 0.5% 0.6%
2024-05-29 08:00 AM
M3 Money Supply YoY
Apr 0.9%


Related Last Previous Unit Reference
Central Bank Balance Sheet 6593161.00 6596669.00 EUR Million Apr 2024
Deposit Facility Rate 4.00 4.00 percent Apr 2024
Foreign Exchange Reserves 87.01 87.40 USD Billion Feb 2024
ECB Interest Rate 4.50 4.50 percent Apr 2024
Marginal Lending Rate 4.75 4.75 percent Apr 2024
Loans to Households YoY 0.20 0.30 percent Mar 2024
Loans to Non-financial Corporations 5132323.00 5130194.00 EUR Million Mar 2024
Longer-Term Refinancing Operations 397.29 396.22 EUR Billion Mar 2024
Money Supply M0 5052522.00 5202682.00 EUR Million Apr 2024
Money Supply M1 10243652.00 10244771.00 EUR Million Mar 2024
Money Supply M2 15140224.00 15102661.00 EUR Million Mar 2024
Money Supply M3 16190431.00 16114443.00 EUR Million Mar 2024
Refinancing Operations 4.81 7.89 EUR Billion Mar 2024

Euro Area Money Supply M3
Euro Area Money Supply M3 is the sum of M2, repurchase agreements, money market fund shares/units and debt securities with a maturity of up to two years.
Actual Previous Highest Lowest Dates Unit Frequency
16190431.00 16114443.00 16195837.00 1097404.00 1980 - 2024 EUR Million Monthly
Current Prices, SA

News Stream
Euro Area M3 Money Supply Falls for 4th Month
M3 money supply in the Euro Area fell by 1% year-on-year to EUR 16 trillion in October 2023, after a 1.2% decrease in the prior month and compared with market forecasts of a 0.9% drop. It was the fourth consecutive month of decline in M3 money supply, as the narrower aggregate M1, comprising currency in circulation and overnight deposits came at -10% in October, compared with -9.9% in September. The annual growth rate of short-term deposits other than overnight deposits eased to 21.4% in October from 21.9% in September. Deposits placed by households decreased 0.2% and those placed by non-financial corporations went down 2.4%. Regarding the holding sectors, deposits placed by households fell 0.5% in October (vs -0.3% in September), while deposits placed by non-financial corporations slumped 2% (vs -1.3% in September). Lastly, deposits placed by non-monetary financial corporations which exclude insurance corporations and pension funds shrank 10.7% (vs -16.3% in September).
2023-11-28
Euro Area M3 Money Supply Falls for 1st Time Since May 2010
M3 money supply in the Euro Area decreased 0.4 percent year-on-year to EUR 15.6 trillion in July 2023, easing from a 0.6 percent rise in June and missing market expectations of flat reading. It was also the first month of decline in M3 money supply since May 2010, as the narrower aggregate M1, comprising currency in circulation and overnight deposits came at -9.2%, compared with -8.0% in the previous period. The annual growth rate of short-term deposits other than overnight deposits slowed to 23.9% from 24.0% in June, while the growth of marketable instruments dropped to 20.6% from 22.8%.
2023-08-28