3,882
edits
European Money Supply: Difference between revisions
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Monetary aggregates comprise monetary liabilities of MFIs and central government (post office, treasury, etc.) vis-à-vis non-MFI euro area residents excluding central government.<ref>https://www.ecb.europa.eu/stats/money_credit_banking/monetary_aggregates/html/index.en.html</ref> | |||
* '''M1''' is the sum of currency in circulation and overnight deposits; | |||
* '''M2''' is the sum of M1, deposits with an agreed maturity of up to two years and deposits redeemable at notice of up to three months | |||
* '''M3''' is the sum of M2, repurchase agreements, money market fund shares/units and debt securities with a maturity of up to two years. | |||
== Developments == | == Developments == | ||
[[File:ECB Data Portal 20230927112859.png|center|thumb|833x833px|<ref>https://data.ecb.europa.eu/data/datasets/BSI/BSI.M.U2.Y.V.M30.X.1.U2.2300.Z01.E</ref>]] | [[File:ECB Data Portal 20230927112859.png|center|thumb|833x833px|<ref>https://data.ecb.europa.eu/data/datasets/BSI/BSI.M.U2.Y.V.M30.X.1.U2.2300.Z01.E</ref>]] | ||
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* The annual growth rate of deposits placed by households decreased to 0.2% in August from 0.7% in July, while the annual growth rate of deposits placed by non-financial corporations was -2.4% in August, compared with -0.6% in July. Finally, the annual growth rate of deposits placed by non-monetary financial corporations (excluding insurance corporations and pension funds) was -18.9% in August, compared with -15.4% in July. | * The annual growth rate of deposits placed by households decreased to 0.2% in August from 0.7% in July, while the annual growth rate of deposits placed by non-financial corporations was -2.4% in August, compared with -0.6% in July. Finally, the annual growth rate of deposits placed by non-monetary financial corporations (excluding insurance corporations and pension funds) was -18.9% in August, compared with -15.4% in July. | ||
* The annual growth rate of M3 in August 2023 can be broken down as follows: net external assets contributed 1.4 percentage points (down from 1.5 percentage points in July), credit to the private sector contributed 0.5 percentage points (down from 1.2 percentage points), credit to general government contributed -0.8 percentage points (up from -1.1 percentage points), longer-term financial liabilities contributed -1.8 percentage points (down from -1.6 percentage points), and the remaining counterparts of M3 contributed -0.5 percentage points (down from -0.3 percentage points). | * The annual growth rate of M3 in August 2023 can be broken down as follows: net external assets contributed 1.4 percentage points (down from 1.5 percentage points in July), credit to the private sector contributed 0.5 percentage points (down from 1.2 percentage points), credit to general government contributed -0.8 percentage points (up from -1.1 percentage points), longer-term financial liabilities contributed -1.8 percentage points (down from -1.6 percentage points), and the remaining counterparts of M3 contributed -0.5 percentage points (down from -0.3 percentage points). | ||
== M1 == | |||
{| class="wikitable" | |||
!DATE | |||
!M1 (Millions) | |||
!M/M | |||
!Y/Y | |||
|- | |||
|8/31/2023 | |||
| 10,551,427 | |||
| -0.69% | |||
| -10.44% | |||
|- | |||
|7/31/2023 | |||
| 10,624,843 | |||
| -0.83% | |||
| -9.23% | |||
|- | |||
|6/30/2023 | |||
| 10,713,833 | |||
| -0.80% | |||
| -7.98% | |||
|- | |||
|5/31/2023 | |||
| 10,800,123 | |||
| -0.85% | |||
| -6.88% | |||
|- | |||
|4/30/2023 | |||
| 10,892,543 | |||
| -0.75% | |||
| -5.71% | |||
|- | |||
|3/31/2023 | |||
| 10,974,755 | |||
| -1.28% | |||
| -4.54% | |||
|- | |||
|2/28/2023 | |||
| 11,116,644 | |||
| -1.22% | |||
| -2.86% | |||
|- | |||
|1/31/2023 | |||
| 11,254,128 | |||
| -0.46% | |||
| -1.03% | |||
|- | |||
|12/31/2022 | |||
| 11,306,679 | |||
| -1.14% | |||
|0.05% | |||
|- | |||
|11/30/2022 | |||
| 11,436,517 | |||
| -1.00% | |||
|2.14% | |||
|- | |||
|10/31/2022 | |||
| 11,552,482 | |||
| -1.42% | |||
|3.50% | |||
|- | |||
|9/30/2022 | |||
| 11,718,566 | |||
| -0.54% | |||
|5.47% | |||
|- | |||
|8/31/2022 | |||
| 11,781,607 | |||
|0.65% | |||
|6.99% | |||
|- | |||
|7/31/2022 | |||
| 11,705,045 | |||
|0.53% | |||
|7.31% | |||
|- | |||
|6/30/2022 | |||
| 11,643,416 | |||
|0.39% | |||
|7.72% | |||
|- | |||
|5/31/2022 | |||
| 11,598,259 | |||
|0.40% | |||
|8.52% | |||
|- | |||
|4/30/2022 | |||
| 11,552,519 | |||
|0.48% | |||
|8.89% | |||
|- | |||
|3/31/2022 | |||
| 11,497,132 | |||
|0.46% | |||
|9.10% | |||
|- | |||
|2/28/2022 | |||
| 11,444,321 | |||
|0.64% | |||
|9.36% | |||
|- | |||
|1/31/2022 | |||
| 11,371,220 | |||
|0.62% | |||
|9.51% | |||
|- | |||
|12/31/2021 | |||
| 11,300,870 | |||
|0.93% | |||
|10.04% | |||
|- | |||
|11/30/2021 | |||
| 11,196,685 | |||
|0.31% | |||
|10.21% | |||
|- | |||
|10/31/2021 | |||
| 11,162,303 | |||
|0.47% | |||
|10.98% | |||
|- | |||
|9/30/2021 | |||
| 11,110,553 | |||
|0.89% | |||
|11.51% | |||
|- | |||
|8/31/2021 | |||
| 11,012,357 | |||
|0.96% | |||
|11.55% | |||
|- | |||
|7/31/2021 | |||
| 10,907,462 | |||
|0.91% | |||
|11.30% | |||
|- | |||
|6/30/2021 | |||
| 10,808,819 | |||
|1.13% | |||
|10.95% | |||
|- | |||
|5/31/2021 | |||
| 10,688,133 | |||
|0.74% | |||
|10.80% | |||
|- | |||
|4/30/2021 | |||
| 10,609,400 | |||
|0.68% | |||
|11.48% | |||
|- | |||
|3/31/2021 | |||
| 10,538,196 | |||
|0.70% | |||
|12.82% | |||
|- | |||
|2/28/2021 | |||
| 10,465,053 | |||
|0.78% | |||
|15.57% | |||
|- | |||
|1/31/2021 | |||
| 10,384,079 | |||
|1.11% | |||
|15.53% | |||
|} | |||
== References == | == References == | ||