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.