ITALY M-2 UP 2.8 PCT IN 3 MONTHS TO END JANUARY
Italian M-2 money supply rose a
provisional 2.8 pct, seasonally adjusted, in the three months
to end January 1987, the Bank of Italy said.
    The bank said M-2, which measures notes and coins in
circulation plus bank and post office deposit accounts, fell to
a provisional 609,457 billion lire in January from a downwards
revised but still provisional 615,307 billion in December 1986.
    The provisional year-on-year rise in January was 10.2 pct,
compared with a downward revised and provisional 9.4 pct in
December.
    M-2A, similar to M-2 but excluding certificates of deposit
and including proceeds from bank repurchase operations, rose a
provisional 2.0 pct, seasonally adjusted, over the three months
to end January 1987.
    The bank said M-2A totalled a provisional 583,806 billion
lire at end January against a downwards revised and still
provisional 593,827 billion in December 1986.
    Year-on-year, M-2A increased by a provisional 8.4 pct in
January, compared with a downwards revised and provisional 8.1
pct in December.
 REUTER
