- Markit's chief economist Chris Williamson
The eurozone's M3 money supply increase slowed unexpectedly last month, the European Central Bank on Thursday. Growth of M3, which measures the change in the total quantity of domestic currency in circulation and deposited in banks among the region, decelerated to 2.7% in September, down from 2.8% in August, while analysts' had predicted M3 money supply to accelerate 3.0%. At the same time, loans to the private sector lost 0.8%, compared to expectations for a 0.6% drop.
"A key issue is whether the global economy is just hitting another bout of turbulence in what was always expected to be a slow and bumpy recovery or whether the current slowdown has a more lasting component," the IMF said.
"The eurozone has slid further into decline at the start of the fourth quarter," said Markit's chief economist Chris Williamson.
The Stoxx Europe 600 Index jumped 0.26 per cent to 270.23. Germany's DAX Index rose 0.10 per cent to 7,200.23, while France's CAC 40 Index lost 0.44 per cent to 3,411.53.
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