The Money Supply YoY indicator measures the annual percentage change in the total amount of monetary assets circulating within an economy. It typically includes various categories such as M1 (narrow money) and M2 or M3 (broad money), reflecting liquidity levels. Central banks monitor this data closely as an excessive growth in money supply can lead to inflationary pressures, while a contraction may signal an economic slowdown. It serves as a fundamental gauge for the effectiveness of monetary policy and future spending capacity.
It is calculated by aggregating the value of all liquid assets in the economy (cash, checking deposits, savings) for the current month and comparing it to the same month of the previous year to determine the percentage growth or decline.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Apr 11, 2013 | 3.00 | — | — |
| Mar 11, 2013 | 2.90 | — | — |
