Loans to households in the Euro Area rose 3.1 percent to EUR 6.36 trillion in October 2020, the same pace as in the previous month. Meantime, credit to companies was up 6.8 percent to EUR 4.85 trillion, not far from an 11-year high of 7.3 percent hit in May. Private sector credit growth including households and non-financial corporations stood at 4.6 percent in October, unchanged from the previous month. source: European Central Bank

Loan Growth in the Euro Area averaged 3.61 percent from 2004 until 2020, reaching an all time high of 9.90 percent in March of 2006 and a record low of -0.40 percent in November of 2013. This page provides the latest reported value for - Euro Area Private Credit Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Household Credit Growth - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.

Loan Growth in Euro Area is expected to be 2.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Loan Growth in Euro Area to stand at 0.90 in 12 months time. In the long-term, the Euro Area Household Credit Growth is projected to trend around 0.70 percent in 2021 and 1.50 percent in 2022, according to our econometric models.

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Euro Area Household Credit Growth

Actual Previous Highest Lowest Dates Unit Frequency
3.10 3.10 9.90 -0.40 2004 - 2020 percent Monthly
Current Prices, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-27 08:00 AM Jul 3% 3% 2.7%
2020-09-25 08:00 AM Aug 3% 3% 2.8%
2020-10-27 09:00 AM Sep 3.1% 3% 2.8%
2020-11-26 09:00 AM Oct 3.1% 3.1% 3%
2021-01-05 09:00 AM Nov 3.1%
2021-01-29 09:00 AM Dec
2021-02-25 09:00 AM Jan
2021-03-25 09:00 AM Feb


News Stream
Eurozone Household Credit Growth Holds Steady at 3.1%
Loans to households in the Euro Area rose 3.1 percent to EUR 6.36 trillion in October 2020, the same pace as in the previous month. Meantime, credit to companies was up 6.8 percent to EUR 4.85 trillion, not far from an 11-year high of 7.3 percent hit in May. Private sector credit growth including households and non-financial corporations stood at 4.6 percent in October, unchanged from the previous month.
2020-11-26
Eurozone Household Credit Growth at 3.1%
Loans to households in the Euro Area rose 3.1 percent to EUR 6.33 trillion in September 2020, little-changed from 3.0 percent in the previous month, which was the slowest pace of increase in nearly two years. Meantime, credit to companies was up 7.1 percent to EUR 4.84 trillion, not far from an 11-year high of 7.3 percent hit in May. Private sector credit growth including households and non-financial corporations stood at 4.6 percent in September, unchanged from the previous month.
2020-10-27
Eurozone Household Credit Growth Holds Steady at 3%
Loans to households in the Euro Area increased 3.0 percent to EUR 6.31 trillion in August 2020, the same pace as in the previous month. Meantime, credit to companies was up 7.1 percent to EUR 4.86 trillion, not far from an 11-year high of 7.3 percent hit in May. Private sector credit growth including households and non-financial corporations stood at 4.6 percent in August, compared with 4.7 percent in July.
2020-09-25
Eurozone Household Credit Growth Steady at 3%
Loans to households in the Euro Area increased 3 percent to EUR 6.292 trillion in July of 2020, following a 3 percent rise in the previous month. Meantime, credit to companies advanced 7 percent to EUR 4.831 trillion, easing from a 7.1 percent rise in June, but still not far from an 11-year-high. Private sector credit growth including households and non-financial corporations went up 4.7 percent, slowing from a 4.8 percent increase in June.
2020-08-27

Euro Area Household Credit Growth
In the Euro Area, loan growth refers to year over year change in loans to households adjusted for sales and securitisation.