Euro-zone July annual M3 growth exceeds expectations at 9.3%

LONDON (MarketWatch) — M3 money supply growth in the 15-nation euro zone decelerated to an annual rate of 9.3% in July from 9.5% in June, the European Central Bank reported Thursday. The pace exceeded market expectations for 9% growth, according to a Dow Jones Newswires survey of economists. Three-month average annual growth declined to 9.6% in the May-July period, down from 10% in April-June, slightly above expectations of 9.5%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Original post by Forextvblog

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