M3 Money Supply (YoY)

M3 is a measure of money supply that is released by the European Central Bank. It calculates all currency in circulation, bank deposits, repurchase agreements, debt securities up to 2 years and the value of money market shares. It is considered as an important indicator of inflation, as monetary expansion adds pressure to the exchange rate. Usually an acceleration of the M3 money is considered as positive, or bullish for the EUR, whereas a decline.

Most recent - Thursday 27 March 2025 09:00

Previous
3.6%
Revised
-
Forecast
3.8%
Actual
4%

Higher numbers than forecast tend to be bullish for EUR/xxx pairs and bearish for xxx/EUR pairs.

Next event - Tuesday 29 April 2025 08:00

Previous
-
Forecast
-
Actual
-

The typical/expected market impact of this event is low.

There is no forecast value for M3 Money Supply (YoY) yet - check back for updates.

Trading range

Forecast history

The most recent announced value for M3 Money Supply (YoY) was 4% against a forecast of 3.8%.

Past events

Date
Forecast
Actual
Thursday 27 March 2025 09:00
3.8%
4%
Thursday 27 February 2025 09:00
3.8%
3.6%
Wednesday 29 January 2025 09:00
3.8%
3.5%
Thursday 2 January 2025 09:00
3.5%
3.8%
Thursday 28 November 2024 09:00
3.4%
3.4%
Friday 25 October 2024 08:00
3%
3.2%
Thursday 26 September 2024 08:00
2.6%
2.9%
Wednesday 28 August 2024 08:00
2.7%
2.3%
Thursday 25 July 2024 08:00
1.8%
2.2%
Thursday 27 June 2024 08:00
1.5%
1.6%
Wednesday 29 May 2024 08:00
1.3%
1.3%
Friday 26 April 2024 08:00
0.5%
0.9%
Thursday 28 March 2024 09:00
0.3%
0.4%
Tuesday 27 February 2024 09:00
0.3%
0.1%
Friday 26 January 2024 09:00
-0.7%
0.1%
Tuesday 2 January 2024 09:00
-1%
-0.9%
Tuesday 28 November 2023 09:00
-0.9%
-1%
Wednesday 25 October 2023 08:00
-1.7%
-1.2%
Wednesday 27 September 2023 08:00
-1%
-1.3%
Monday 28 August 2023 08:00
0%
-0.4%
Wednesday 26 July 2023 08:00
1%
0.6%
Wednesday 28 June 2023 08:00
1.5%
1.4%
Tuesday 30 May 2023 08:00
2.1%
1.9%
Tuesday 2 May 2023 08:00
2.5%
2.5%
Monday 27 March 2023 08:00
3.2%
2.9%
Monday 27 February 2023 09:00
3.9%
3.5%
Friday 27 January 2023 09:00
4.6%
4.1%
Thursday 29 December 2022 09:00
4.1%
4.8%
Monday 28 November 2022 09:00
6.2%
5.1%
Wednesday 26 October 2022 08:00
6.1%
6.3%
Tuesday 27 September 2022 08:00
5.4%
6.1%
Friday 26 August 2022 08:00
5.6%
5.5%
Wednesday 27 July 2022 08:00
5.4%
5.7%
Wednesday 29 June 2022 08:00
5.8%
5.6%
Friday 27 May 2022 08:00
6.3%
6%
Friday 29 April 2022 08:00
6.2%
6.3%

Economic context

Recent economic data has been moderately bearish for EUR. Other recent announcements which may affect the market's interpretation of the next M3 Money Supply (YoY) result:

PreviousLatest
IFO – Business ClimateBullish change86.786.9
IFO – Current AssessmentBullish change85.786.4
IFO – ExpectationsBearish change87.787.4
10-y Bond AuctionBullish change2.68%2.47%
HCOB Composite PMIBearish change50.950.1
HCOB Manufacturing PMIBullish change48.648.7
HCOB Services PMIBearish change5149.7
HCOB Composite PMIBearish change51.349.7
HCOB Manufacturing PMIBearish change48.348
HCOB Services PMIBearish change50.948.8
HCOB Composite PMIBearish change4847.3
HCOB Manufacturing PMIBearish change48.548.2
HCOB Services PMIBearish change47.946.8
Consumer ConfidenceBearish change-14.5-16.7
Producer Price Index (MoM)Bearish change-0.2%-0.7%
Producer Price Index (YoY)Bearish change0.7%-0.2%
Core Harmonized Index of Consumer Prices (MoM)(no change)1%1%
Core Harmonized Index of Consumer Prices (YoY)(no change)2.4%2.4%
Harmonized Index of Consumer Prices (MoM)(no change)0.6%0.6%
Consumer Price Index (EU Norm) (YoY)(no change)2.1%2.1%
Consumer Price Index (YoY)Bearish change2%1.9%
ZEW Survey – Current SituationBullish change-87.6-81.2
ZEW Survey – Economic SentimentBearish change51.6-14
Industrial Production s.a. (MoM)Bullish change0.6%1.1%
ZEW Survey – Economic SentimentBearish change39.8-18.5
Consumer Price Index (EU norm) (YoY)(no change)0.9%0.9%
Harmonized Index of Consumer Prices (YoY)(no change)2.2%2.2%
Harmonized Index of Consumer Prices (MoM)(no change)0.4%0.4%
Harmonized Index of Consumer Prices (YoY)(no change)2.3%2.3%

About M3 Money Supply (YoY)

Country:Eurozone
Currency:EUR
Source:European Central Bank
Category:Capital Flows
Frequency:Monthly
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