Broad Private
Money (M3) Sector
%yoy 3mm %yoy Loans %yoy

Median* -0.3 -0.3 -0.1
High forecast 0.1 0.0 0.0
Low forecast -0.7 -0.9 -0.3
Number of responses 16 12 3

Barclays Cap. -0.5 -0.2 -0.1
Action Economics -0.2 -0.2 na
Commerzbank -0.4 na 0.0
Capital Economics -0.7 na na
West LB 0.1 -0.1 na
Credit Agricole -0.2 na na
JP Morgan -0.1 -0.9 na
Nomura -0.3 na na
4Cast -0.3 -0.2 na
Natixis -0.3 -0.2 -0.3
BNP Paribas -0.6 -0.3 na
Unicredit -0.2 na na
UBS 0.0 0.0 na
DZ Bank -0.4 -0.3 na
Goldman Sachs na -0.3 na
Citi -0.4 -0.3 na
Soc. Generale -0.7 -0.4 na

———————————————————————-

* Median is based on above forecasts and is not intended to represent
a consensus.

The survey was conducted on Friday, May 28.

[TOPICS: M$XDS$,M$X$$$]