ECB Data on European Money Flow - Slowing (Macrobusiness and Naked Capitalism)

FRIDAY, JUNE 1, 2012

European money slows to a crawl

By Delusional Economics, who is horrified at the state of economic commentary in Australia and is determined to cleanse the daily flow of vested interests propaganda to produce a balanced counterpoint. Cross posted from MacroBusiness.

European monetary aggregate data from the ECB came out this week and continues to follow the trends we have seen over the last year.

The annual growth rate of the broad monetary aggregate M3 decreased to 2.5% in April 2012, from 3.1% in March 2012.1 The three-month average of the annual growth rates of M3 in the period from February 2012 to April 2012 stood at 2.7%, unchanged from the previous period.

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