Euro zone bank lending accelerates in November

BY Reuters | ECONOMIC | 01/02/26 04:10 AM EST

FRANKFURT, Jan 2 (Reuters) - Lending growth to euro zone firms and households accelerated in November, European ?Central Bank data showed on ?Friday, adding to evidence that ?the currency bloc continues ?to ?grow at a steady, even ?if modest pace.

Credit ?growth to businesses picked up to ?3.1% in ?November from ?2.9% a month earlier to reach its highest level ?since mid-2023, while loan growth to households accelerated to 2.9% from 2.8% for its highest level ?since ?the spring of 2023.

The M3 measure of ?money circulating in the euro zone, often an indicator of future activity, accelerated to 3.0% from 2.8%, outpacing expectations ?for 2.7% growth in a Reuters poll of analysts. (Reporting by Balazs ?Koranyi; Editing by Toby Chopra)

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