The Euro Area’s broad M3 money supply increased 3.4% year-on-year to €17.61 trillion in July 2026, matching expectations and accelerating slightly from a 3.3% rise in June. Money Supply M3 in Euro Area averaged 7178460.30 EUR Million from 1980 until 2026, reaching an all time high of 17615006.00 EUR Million in June of 2026 and a record low of 1097404.00 EUR Million in January of 1980. source: European Central Bank

Money Supply M3 In the Euro Area decreased to 17613983 EUR Million in July from 17615006 EUR Million in June of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-27 08:00 AM
M3 Money Supply YoY
Jun 3.3% 3.2% 3.3% 3.2%
2026-08-27 08:00 AM
M3 Money Supply YoY
Jul 3.4% 3.3% 3.4% 3.3%
2026-09-25 08:00 AM
M3 Money Supply YoY
Aug 3.4%


Related Last Previous Unit Reference
Central Bank Balance Sheet 5915343.00 5913041.00 EUR Million Aug 2026
Deposit Facility Rate 2.25 2.25 percent Aug 2026
Foreign Exchange Reserves 116.35 116.77 USD Billion Jul 2026
ECB Interest Rate 2.40 2.40 percent Aug 2026
Marginal Lending Rate 2.65 2.65 percent Aug 2026
Loans to Households YoY 3.10 3.00 percent Jul 2026
Loans to Non-financial Corporations 5489668.00 5466068.00 EUR Million Jul 2026
Longer-Term Refinancing Operations 14.31 14.23 EUR Billion Aug 2026
Money Supply M0 3982652.00 4022418.00 EUR Million Jul 2026
Money Supply M1 11292842.00 11324679.00 EUR Million Jul 2026
Money Supply M2 16436438.00 16416939.00 EUR Million Jul 2026
Money Supply M3 17613983.00 17615006.00 EUR Million Jul 2026
Refinancing Operations 18.01 16.71 EUR Billion Aug 2026


Euro Area Money Supply M3
Euro Area Money Supply M3 is the sum of M2, repurchase agreements, money market fund shares/units and debt securities with a maturity of up to two years.
Actual Previous Highest Lowest Dates Unit Frequency
17613983.00 17615006.00 17615006.00 1097404.00 1980 - 2026 EUR Million Monthly
Current Prices, SA

News Stream
Eurozone M3 Money Supply Accelerates in January
Eurozone M3 money supply rose 3.3% year-on-year to €17,344.7 billion in January 2026, up from 2.8% in December and surpassing market expectations of 2.9%. The narrower M1 aggregate, which includes currency in circulation and overnight deposits, rose 5.3% annually, up from 4.7% in December. In contrast, short-term deposits excluding overnight deposits (M2-M1) declined 0.6% year-on-year in January, slightly steeper than December’s -0.4%. Meanwhile, marketable instruments (M3-M2) rebounded, growing 1.6% annually after a 0.6% contraction in December.
2026-02-26
Euro Area M3 Growth Slows
The Euro Area’s M3 money supply rose by 2.8% year-on-year to a new record high of €17.23 trillion in December 2025, following a 3% increase in November and below market estimates for 2.8% growth. The narrower aggregate M1, which comprises currency in circulation and overnight deposits, increased 4.7%, below 5% in the previous month. Meanwhile, short-term deposits other than overnight deposits (M2-M1) fell 0.4% in December, compared with a 0.8% fall in November. Marketable instruments (M3-M2) were down 1%, after a 1.5% rise in November.
2026-01-29
Eurozone M3 Money Supply Hits New High
The Euro Area’s M3 money supply rose by 3% year-on-year to a fresh peak of €17.2 trillion in November 2025, following a revised 2.9% increase in October and above market estimates for 2.7% growth. The narrower aggregate M1, which comprises currency in circulation and overnight deposits, decreased to 5% in November from 5.2% in October. Meanwhile, short-term deposits other than overnight deposits (M2-M1) fell at a slower 0.8% in November, compared with a 1.8% decline in October. The annual growth rate of marketable instruments (M3-M2) increased to 1.6% in November from 1.4% in October.
2026-01-02