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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
European UnionEurozone M3 Money Supply YoY climbed to 3.4% in July 2026
FMPMonthlyReleased August 2026
Eurozone M3 Money Supply YoY climbed to 3.4% in July 2026, released August 2026, up 0.1% from June's 3.3% reading. The reading matched the 3.4% consensus. M3 Money Supply YoY has now risen for 4 consecutive months. Over the past 3 months, M3 Money Supply YoY averaged 3.07%, vs 3.1% in the prior 3-month window. M3 Money Supply YoY is now the highest in 13 months.
Latest Release
3.4
Actual
3.4
Consensus
3.3
Previous
Median Absolute Error
±4,045.37 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 424.73
Actual: 3.4
Error: +421.33
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/GBP | ▼ Inverse | −0.42 | FOREX | Moves against | → View |
| EUR/JPY | ▼ Inverse | −0.28 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
M3 Money Supply YoY (European Union) was reported at 3.4% in August 2026. This matched the market consensus of 3.4% exactly. The reading rose from the previous value of 3.3%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 8278193.26%, ranging from 2.7% to 17637718.26% across 21 releases.
WHY IT MATTERS
The trailing three releases averaged 5879241.65%, up from the prior three at 5872868.82%. Volatility over the past year (σ 8683084.94%) is comparable than the prior year (σ 8417735.66%). In August readings over the past 3 years, M3 Money Supply YoY has averaged 6686143.79%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/GBP (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 4045.37%.
WHAT TO WATCH NEXT
The next release is scheduled for September 25, 2026. Same-country events in the next 14 days include Balance of Trade (Sep 15) and ZEW Economic Sentiment Index (Sep 15).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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M3 Money Supply YoY - EU
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About M3 Money Supply YoY — European Union
DEFINITION
M3 Money Supply YoY is a financial indicator that measures the annual change in the total amount of money in circulation within an economy. It includes all forms of money, such as cash, deposits, and other liquid assets. This indicator is used by economists and policymakers to assess the overall health and stability of a country's monetary system and to make informed decisions regarding monetary policy. A positive YoY change in M3 Money Supply indicates an increase in liquidity and potential for economic growth, while a negative change may signal potential inflationary pressures.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual 3.4 Percent, consensus 3.4 Percent. Prior reading (Jun 2026): 3.3 Percent. Before that (May 2026): 3.2 Percent.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with EUR/GBP (Bearish EUR, r=-0.42) — a useful reference for forex-focused traders.
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Economic Calendar - EU Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 09:00 | EU | Balance of Trade | 8.6 | 3.7 | 3.70 | Medium | |
| 09:00 | EU | ZEW Economic Sentiment Index | 31.4 | 39.9 | 48.25 | Medium | |
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 09:00 | EU | Industrial Production MoM | 0 | -0.4 | -0.40 | Medium | |
| 09:00 | EU | Industrial Production YoY | 0.1 | -0.3 | -0.30 | Low | |
| 09:00 | EU | Wage Growth YoY | 3.4 | 3.2 | 3.45 | Low | |
| 09:00 | EU | Labour Cost Index YoY | 3 | 3.2 | 3 | 2.98 | Low |