Eurozone M3 money supply May yy +4.9% vs +4.85 exp

Eurozone M3 money supply report 27 June 2016

• 4.6% prev
• household lending growth yy+1.6% vs +1.5% prev
• non-fin corp lending +1.4% vs +1.2% prev

M3 still heading in the right direction which will please ECB. What remains to be seen though is actually where it's filtering into.