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.
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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%.
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(END) Dow Jones Newswires
December 29, 2017 04:35 ET (09:35 GMT)