Eurozone Money Growth Slows to 3.3% as Corporate Lending Firms

Eurozone broad money growth slowed for a second consecutive month in June, according to European Central Bank data released Friday. The M3 aggregate expanded 3.3% from a year earlier, down from 3.9% in May and falling short of the 3.7% median forecast in a Reuters survey. Credit flows, however, showed modest improvement. Lending to non-financial corporations rose 2.7% year on year, compared with 2.5% in May, while household lending growth picked up to 2.2% from 2.0%.