How to read it
A positive gap means M3 grows faster than M1. The percentile compares M3 growth with its available history.
Benchmark · monthly · %
Euro-area money growth
Is broad euro liquidity accelerating or contracting?
Euro-area money growth tracks M3 YoY and M1 YoY. It uses monthly data.
Euro-area money growth tracks M3 YoY and M1 YoY. It uses monthly data.
- M1 YoY
- 4.7%
- M3 YoY
- 4.0%
- M3 minus M1
- −0.7 pp
- Three-month M3 change
- +1.0 pp
- from 3.0
- M3 percentile
- 30th
- of 408 readings · since 1991-01-31
Euro-area money growth
M1 YoY
M3 YoY
| Series | First | Latest | Min | Max |
|---|---|---|---|---|
| M1 YoY | 9.40 | 4.71 | -10.41 | 17.77 |
| M3 YoY | 11.52 | 4.02 | -2.11 | 12.80 |
How this is calculated
M3 YoY and M1 YoYPIER20 calculates this benchmark from official observations from the European Central Bank (ECB). The formula is M3 YoY and M1 YoY. The source table lists each selector and source link.
The latest data is from June 2026. The M1 YoY reading is 4.71%. The M3 YoY reading is 4.02%. The M3 minus M1 reading is -0.69 pp. The M1 YoY line is down 0.1 pp over the past year. It is below its long-run median of 7.46%.
How to read it
How this benchmark is used
Why traders watch it
Traders use this benchmark to track euro liquidity and changes in monetary conditions.
Frequently asked questions
4 answersWhat is the latest reading for Euro-area money growth?
The latest data is from June 2026. The M1 YoY reading is 4.71%. The M3 YoY reading is 4.02%. The M3 minus M1 reading is -0.69 pp. The M1 YoY line is down 0.1 pp over the past year. It is below its long-run median of 7.46%.
How often does this benchmark update?
The source publishes monthly data. PIER20 updates the page after each new observation. The chart shows the data date and fetch date.
What data sources does this chart use?
The European Central Bank Data Portal publishes the data. The methodology section lists each source series.
Where does the data come from?
The European Central Bank (ECB) publishes the source data. The source table lists each series and its exact link.