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%.
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(END) Dow Jones Newswires
November 28, 2016 04:27 ET(09:27 GMT)
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