27 September 2001, 12:08 Euro area adjusted Aug M3 up 6.7 pct yr-on-yr vs 6.4 in July
FRANKFURT (AFX) - Euro area M3 grew 6.7 pct year-on-year in August,
down from a year-on-year growth rate of 6.4 pct in July.
The three month moving average of M3 year-on-year growth rates was
6.4 pct in the June-August period compared with 5.9 pct in May-July.
The figures are adjusted for seasonal and end-of-month calendar
effects.
The figures exclude non-resident holdings of money market fund
shares and units, but include non-resident holdings of money market
paper and short-term debt securities. The ECB plans to publish a
revised series excluding these holdings towards the end of the year
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