Euro Area M3 Money Supply YoY

Info

History

Chart

Impact:

Low

Source: European Central Bank

Latest Release:

Date:

Surprise:

-0.4%

Actual:

3.6%

Forecast: 4%

Previous/Revision:

3.9%

Period: Mar

Next Release:

Date:

Forecast: 3.7%

Period: Apr

What Does It Measure?

The Euro Area M3 Money Supply YoY measures the annual growth rate of the total amount of money circulating in the Eurozone, including currency, demand deposits, and various short-term investments. Its primary focus is on assessing liquidity within the economy, which impacts spending, investment, and overall economic activity.

Frequency

This report is released monthly and provides a preliminary estimate, with the final figure published typically on the first working day of the month following the reference period.

Why Do Traders Care?

Traders monitor the M3 Money Supply as it is closely tied to interest rates and inflation; a higher-than-expected growth can suggest increased liquidity leading to inflationary pressures, impacting currencies and equities positively. Conversely, weak growth may signify tighter monetary conditions, which can lead to bearish sentiment in financial markets.

What Is It Derived From?

The M3 Money Supply is derived from statistical data collected by the European Central Bank (ECB), encompassing data from financial institutions within the Eurozone such as banks and credit unions. It is calculated using a combination of reporting of currency in circulation, short-term deposits, and other liquid assets, following established monetary definitions.

Description

The M3 Money Supply is often reported as a year-over-year percentage change (YoY), allowing for a comparison against the same period in the prior year. This metric is favored as it smooths out seasonal fluctuations and offers insight into longer-term trends in liquidity and potential inflationary pressures affecting the economy.

Additional Notes

The M3 Money Supply serves as a coincident economic indicator, often correlated with inflation trends and overall economic performance. It is particularly relevant as it can provide insights into monetary policy effectiveness, influencing expectations for future ECB actions.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for EUR, Bullish for Stocks. Lower than expected: Bearish for EUR, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
Apr 29, 2025	3.6%	4%	3.9%	-0.4%
Mar 27, 2025	4%	3.8%	3.6%	0.2%
Feb 27, 2025	3.6%	3.8%	3.5%	-0.2%
Jan 29, 2025	3.5%	3.8%	4.3%	-0.3%
Jan 02, 2025	3.8%	3.5%	3.4%	0.3%
Nov 28, 2024	3.4%	3.4%	3.2%
Oct 25, 2024	3.2%	3%	2.9%	0.2%
Sep 26, 2024	2.9%	2.6%	2.5%	0.3%
Aug 28, 2024	2.3%	2.7%	2.2%	-0.4%
Jul 25, 2024	2.2%	1.8%	1.6%	0.4%
Jun 27, 2024	1.6%	1.5%	1.4%	0.1%
May 29, 2024	1.3%	1.3%	0.9%
Apr 26, 2024	0.9%	0.5%	0.3%	0.4%
Mar 28, 2024	0.4%	0.3%	0.1%	0.1%
Feb 27, 2024	0.1%	0.3%	0.1%	-0.2%
Jan 26, 2024	0.1%	-0.7%	-0.9%	0.8%
Jan 02, 2024	-0.9%	-1%	-1%	0.1%
Nov 28, 2023	-1%	-0.9%	-1.2%	-0.1%
Oct 25, 2023	-1.2%	-1.7%	-1.3%	0.5%
Sep 27, 2023	-1.3%	-1%	-0.4%	-0.3%
Aug 28, 2023	-0.4%	0%	0.6%	-0.4%
Jul 26, 2023	0.6%	1%	1%	-0.4%
Jun 28, 2023	1.4%	1.5%	1.9%	-0.1%
May 30, 2023	1.9%	2.1%	2.5%	-0.2%
May 02, 2023	2.5%	2.4%	2.9%	0.1%
Mar 27, 2023	2.9%	3.2%	3.5%	-0.3%
Feb 27, 2023	3.5%	3.9%	4.1%	-0.4%
Jan 27, 2023	4.1%	4.6%	4.8%	-0.5%
Dec 29, 2022	4.8%	5%	5.1%	-0.2%
Nov 28, 2022	5.1%	6.2%	6.3%	-1.1%
Oct 26, 2022	6.3%	6.1%	6.1%	0.2%
Sep 27, 2022	6.1%	5.4%	5.7%	0.7%
Aug 26, 2022	5.5%	5.6%	5.7%	-0.1%
Jul 27, 2022	5.7%	5.4%	5.6%	0.3%
Jun 29, 2022	5.6%	5.8%	6%	-0.2%
May 27, 2022	6%	6.3%	6.3%	-0.3%
Apr 29, 2022	6.3%	6.2%	6.3%	0.1%
Mar 25, 2022	6.3%	6.3%	6.4%
Feb 25, 2022	6.4%	6.7%	6.9%	-0.3%
Jan 28, 2022	6.9%	6.8%	7.4%	0.1%
Dec 29, 2021	7.3%	7.6%	7.7%	-0.3%
Nov 26, 2021	7.7%	7.4%	7.5%	0.3%
Oct 27, 2021	7.4%	7.5%	7.9%	-0.1%
Sep 27, 2021	7.9%	7.8%	7.6%	0.1%
Aug 26, 2021	7.6%	7.7%	8.3%	-0.1%
Jul 27, 2021	8.3%	8.2%	8.4%	0.1%
Jun 25, 2021	8.4%	8.5%	9.2%	-0.1%
May 31, 2021	9.2%	9.5%	10.1%	-0.3%
Apr 29, 2021	10.1%	10.2%	13.3%	-0.1%
Mar 25, 2021	13.3%	12.5%	12.5%	0.8%
Feb 25, 2021	12.5%	12.5%	12.3%
Jan 29, 2021	12.3%	11.2%	11%	1.1%
Jan 05, 2021	11%	10.6%	10.5%	0.4%
Nov 26, 2020	10.5%	10.4%	10.4%	0.1%
Oct 27, 2020	10.4%	9.6%	9.5%	0.8%
Sep 25, 2020	9.5%	10.2%	10.2%	-0.7%
Aug 27, 2020	10.2%	9.2%	9.2%	1%
Jul 27, 2020	9.2%	9.3%	8.9%	-0.1%
Jun 26, 2020	8.9%	8.6%	8.3%	0.3%
May 29, 2020	8.3%	7.8%	7.5%	0.5%
Apr 29, 2020	7.5%	5.5%	5.5%	2%
Mar 26, 2020	5.5%	5.2%	5.2%	0.3%
Feb 27, 2020	5.2%	5.3%	5%	-0.1%
Jan 29, 2020	5%	5.5%	5.6%	-0.5%
Jan 03, 2020	5.6%	5.7%	5.6%	-0.1%
Nov 28, 2019	5.6%	5.5%	5.5%	0.1%
Oct 28, 2019	5.5%	5.7%	5.8%	-0.2%
Sep 26, 2019	5.7%	5.1%	5.2%	0.6%
Aug 28, 2019	5.2%	4.7%	4.5%	0.5%
Jul 24, 2019	4.5%	4.7%	4.8%	-0.2%
Jul 01, 2019	4.8%	4.6%	4.7%	0.2%
May 28, 2019	4.7%	4.4%	4.6%	0.3%
Apr 29, 2019	4.5%	4.2%	4.3%	0.3%
Mar 28, 2019	4.3%	3.9%	3.8%	0.4%
Feb 27, 2019	3.8%	4%	4.1%	-0.2%
Jan 28, 2019	4.1%	3.8%	3.7%	0.3%
Jan 03, 2019	3.7%	3.8%	3.9%	-0.1%
Nov 28, 2018	3.9%	3.5%	3.6%	0.4%
Oct 24, 2018	3.5%	3.5%	3.5%
Sep 27, 2018	3.5%	3.9%	4%	-0.4%
Aug 28, 2018	4%	4.3%	4.4%	-0.3%
Jul 25, 2018	4.4%	4%	4%	0.4%
Jun 27, 2018	4%	3.8%	3.8%	0.2%
May 29, 2018	3.9%	3.9%	3.7%
Apr 30, 2018	3.7%	4.1%	4.2%	-0.4%
Mar 27, 2018	4.2%	4.6%	4.5%	-0.4%
Feb 27, 2018	4.6%	4.6%	4.6%
Jan 26, 2018	4.6%	4.9%	4.9%	-0.3%
Dec 29, 2017	4.9%	4.9%	5%
Nov 28, 2017	5%	5.1%	5.1%	-0.1%
Oct 26, 2017	5.1%	5%	5%	0.1%
Sep 27, 2017	5%	4.6%	4.5%	0.4%
Aug 28, 2017	4.5%	4.9%	5%	-0.4%
Jul 27, 2017	5%	5%	5%
Jun 28, 2017	5%	5%	4.9%
May 29, 2017	4.9%	5.2%	5.3%	-0.3%
Apr 28, 2017	5.3%	4.7%	4.7%	0.6%
Mar 27, 2017	4.7%	4.9%	4.9%	-0.2%
Feb 27, 2017	4.9%	4.8%	5%	0.1%
Jan 27, 2017	5%	4.9%	4.8%	0.1%
Dec 29, 2016	4.8%	4.4%	4.4%	0.4%
Nov 28, 2016	4.4%	5%	5%	-0.6%
Oct 27, 2016	5%	5.1%	5.1%	-0.1%
Sep 27, 2016	5.1%	4.9%	4.8%	0.2%
Aug 26, 2016	4.8%	4.9%	5%	-0.1%
Jul 27, 2016	5%	5%	4.9%
Jun 27, 2016	4.9%	4.8%	4.6%	0.1%
May 31, 2016	4.6%	5%	5%	-0.4%
Apr 27, 2016	5%	5%	5%
Mar 29, 2016	5%	5%	5%
Feb 25, 2016	5%	4.7%	4.7%	0.3%
Jan 29, 2016	4.7%	5.2%	5.1%	-0.5%
Dec 30, 2015	5.1%	5.4%	5.3%	-0.3%
Nov 26, 2015	5.3%	4.9%	4.9%	0.4%
Oct 27, 2015	4.9%	5%	5%	-0.1%
Sep 25, 2015	4.8%	5.3%	5.3%	-0.5%
Aug 27, 2015	5.3%	4.9%	5%	0.4%
Jul 27, 2015	5%	5.2%	5%	-0.2%
Jun 26, 2015	5%	5.4%	5.3%	-0.4%
May 29, 2015	5.3%	4.9%	4.6%	0.4%