Loans to households in the Euro Area 3 percent from a year earlier to EUR 6.277 trillion in June of 2020, the same pace as in the previous month. That was the smallest rise in household lending since July 2018. Meanwhile, credit to companies went up 7.1 percent to EUR 4.829 trillion, easing from a 7.3 percent in May. Private sector credit growth including households and non-financial corporations advanced 4.8 percent in June, compared with 5.3 percent in May.
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 August of 2020. source: European Central Bank
Loan Growth in Euro Area is expected to be 0.50 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 1.00 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.