Eurozone M3 money supply growth accelerates to 3.5% in August

The Eurozone’s broad money supply M3 expanded at a 3.5% annual rate in August, marking the highest growth since May 2025 and extending a four-month acceleration trend. This follows a 3.4% increase in July, with analysts broadly anticipating the uptick. Meanwhile, the narrower M1 measure—considered a leading indicator of economic activity—grew at a slower 2.9% year-over-year, down from 3.1% in July, reflecting a deceleration in liquid assets held by households and businesses.