By Emese Bartha

FRANKFURT--Lending to eurozone business picked up in October, data from the European Central Bank showed on Monday.

Lending to firms increased 2.1% in annual terms in October after an upwardly revised increase of 2.0% in September. The first reading was 1.9% in September.

Lending to eurozone households grew 1.8% in October, matching the growth in the previous month, the ECB said.

The central bank's M3 money supply rose by 4.4% on a year in October, retreating from 5.1% in September, which was revised upwards from 5.0%. Economists polled by The Wall Street Journal had expected growth of 4.9%.

Write to Emese Bartha at emese.bartha@wsj.com

(END) Dow Jones Newswires

November 28, 2016 04:27 ET(09:27 GMT)

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