ECB-Euro area economic and financial developments by institutional sector: third quarter of 2023

January 26, 2024--Euro area net saving increased to €734 billion in four quarters to third quarter of 2023, compared with €685 billion one quarter earlier
Household debt-to-income ratio decreased to 88.1% in third quarter of 2023 from 94.3% one year earlier
Non-financial corporations' debt-to-GDP ratio (consolidated measure) decreased to 68.1% in third quarter of 2023 from 73.7% one year earlier

Total euro area economy

Euro area net saving increased to €734 billion (6.5% of euro area net disposable income) in the four quarters to the third quarter of 2023, as compared with €685 billion in the four-quarter period ending in the second quarter. Euro area net non-financial investment decreased to €564 billion (5.0% of net disposable income), mainly due to decreased investment by non-financial corporations.

Euro area net lending to the rest of the world grew to €216 billion (from €87 billion in the previous quarter), reflecting increased net saving and decreased non-financial investment. Net lending of non-financial corporations grew to €213 billion (1.9% of net disposable income) from €161 billion, and that of financial corporations increased to €102 billion (0.9% of net disposable income) from €92 billion.

ESMA publishes latest edition of its newsletter

January 9, 2025-- The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, has today published its latest edition of the Spotlight on Markets Newsletter.

Amundi to shut its original 'multi' smart beta ETF

January 8, 2025--The fund made returns of nearly 20% last year but has failed to retain sufficient assets to be 'economically efficient'
Amundi is to close a multi-strategy smart beta exchange traded fund, the product it launched to enter the space a decade ago.

ESMA launches selection of the Consolidated Tape Provider for bonds

January 3, 2025-- The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, is launching the first selection procedure for the Consolidated Tape Provider (CTP) for bonds. Entities interested to apply are encouraged to register and submit their requests to participate in the selection procedure by 7 February 2025.

ECB-Monetary developments in the euro area: November 2024

January 2, 2025--Annual growth rate of broad monetary aggregate M3 increased to 3.8% in November 2024 from 3.4% in October
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, increased to 1.5% in November from 0.2% in October
Annual growth rate of adjusted loans to households stood at 0.9% in November, compared with 0.8% in October