ECB-Monetary developments in the euro area: November 2023

January 2, 2023-- Annual growth rate of broad monetary aggregate M3 stood at -0.9% in November 2023, after -1.0% in October 2023
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, was -9.5% in November, compared with -10.0% in October
Annual growth rate of adjusted loans to households stood at 0.5% in November, compared with 0.6% in October

Annual growth rate of adjusted loans to non-financial corporations increased to 0.0% in November from -0.3% in October

Components of the broad monetary aggregate M3

The annual growth rate of the broad monetary aggregate M3 stood at -0.9% in November 2023, after -1.0% in October, averaging -1.0% in the three months up to November. The components of M3 showed the following developments. The annual growth rate of the narrower aggregate M1, which comprises currency in circulation and overnight deposits, was -9.5% in November, compared with -10.0% in October. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) decreased to 20.8% in November from 21.4% in October. The annual growth rate of marketable instruments (M3-M2) decreased to 17.9% in November from 22.9% in October.

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ETFGI research reports Europe's ETF Industry Surpassed $3 Trillion milestone for the First Time at end of September

October 10, 2025--ETFGI, a leading independent research and consultancy firm renowned for its expertise in subscription research, consulting services, events, and ETF TV on global ETF industry trends, reported today that assets in the ETFs industry in Europe surpassed the US$3 Trillion milestone for the First Time at end of September.

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