FRANKFURT – Lending to euro area households grew at the same pace in April as in March, while lending to firms accelerated slightly, data from the European Central Bank showed Monday.
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Lending to households increased by 2.4% on the year in April, following a 2.4% rise in March. Lending to firms grew by 2.4% after expanding by 2.3% in March.
The ECB's broad monetary indicator, M3, grew by 4.9% on the year in April versus 5.3% in March. Economists polled by The Wall Street Journal had expected growth of 5.2%.
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(END) Dow Jones Newswires
May 29, 2017 04:27 ET (08:27 GMT)