Eurozone Lending Accelerated in November

By Todd BuellFeaturesDow Jones Newswires

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)