M3 euro zone fell to 1.8% in September

M3 euro area (an indicator of the money supply) amounted to 1,8% in September compared with 2.6% in the previous month. Analysts expected decline to 2,1%. Note that the monetary aggregate M3 includes the amount of cash currency in circulation, means of check deposits, deposits with maturities of less than 4 years and is considered one of the most important indicators of inflation.
Index of private credit in the eurozone fell by 0.3% in September compared with an increase of 0,1% in the previous month. Indicator forecasts of -0.2%.