FRANKFURT, April 29 (Reuters) – Lending growth to euro zone businesses picked up in March, European Central Bank data showed on Wednesday, even as the Iran war depressed economic sentiment and pushed up energy costs.
Bank credit to businesses rose by 3.2% last month, a slight acceleration from the 3.0% in February, while loan growth to households was steady at 3.0%.
The M3 measure of money circulating in the euro zone, often an indicator of future activity, accelerated to 3.2% from 3.0%, above expectations for 3.1% growth in a Reuters poll of analysts.
(Reporting by Balazs KoranyiEditing by Ros Russell)
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