ECB Says Eurozone Lending to Households Accelerated in May

By Todd BuellFeaturesDow Jones Newswires

Lending to households in the eurozone grew at a faster pace in May while lending to firms held steady, data from the European Central Bank showed Wednesday.

Lending to households picked up by 2.6% in annual terms after 2.4% growth in the previous month, the ECB said. Lending to businesses increased by 2.4% in May, matching the previous month.

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The central bank's broad indicator of money supply, M3, grew by 5.0% in May, after 4.9% in the previous month. Economists polled by The Wall Street Journal ahead of the release predicted M3 growth of 5.0% in May.

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(END) Dow Jones Newswires

June 28, 2017 04:40 ET (08:40 GMT)