Loans to households in the Euro Area increased 3.5 percent from a year earlier to EUR 6.201 trillion in November 2019, the same as in the previous month and in line with market expectations. Meantime, credit to non-financial corporations advanced 3.4 percent to EUR 4.588 trillion, the slowest pace since April 2018, compared to a 3.8 percent gain in the prior month. Private sector credit growth including households and non-financial corporations went up 3.6 percent in November, compared with 3.7 percent in October.

Loan Growth in the Euro Area averaged 3.63 percent from 2004 until 2019, 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. source: European Central Bank

Loan Growth in Euro Area is expected to be 3.70 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 4.00 in 12 months time. In the long-term, the Euro Area Household Credit Growth is projected to trend around 3.60 percent in 2020, according to our econometric models.


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Euro Area Household Credit Growth

Actual Previous Highest Lowest Dates Unit Frequency
3.50 3.50 9.90 -0.40 2004 - 2019 percent Monthly
Current Prices, SA

Calendar GMT Actual Previous Consensus TEForecast
2019-09-26 08:00 AM Loan Growth YoY Aug 3.4% 3.4% 3.4% 3.3%
2019-10-28 09:00 AM Loan Growth YoY Sep 3.4% 3.4% 3.5% 3.4%
2019-11-28 09:00 AM Loan Growth YoY Oct 3.5% 3.4% 3.5% 3.4%
2020-01-03 09:00 AM Loan Growth YoY Nov 3.5% 3.5% 3.5% 3.5%
2020-01-29 09:00 AM Loans to Households YoY Dec 3.5% 3.6% 3.4%


News Stream
2019-11-28
Eurozone Household Lending Rises the Most since 2009
Loans to households in the Euro Area increased 3.5 percent from a year earlier to EUR 6.181 trillion in October 2019, up from a 3.4 percent rise in the previous month and in line with market expectations. It was the sharpest rise in household lending since January 2009. Meantime, credit to non-financial corporations advanced 3.8 percent, to EUR 4.593 trillion, following a 3.6 percent gain in the prior month. Private sector credit growth including households and non-financial corporations went up 4.3 percent in October, after a 3.7 percent rise in September.

2019-10-28
Lending to Eurozone Households Rises 3.4%
Loans to households in the Euro Area increased 3.4 percent from a year earlier to EUR 6.16 trillion in September 2019, the same pace as in the previous month and compared with market expectations of a 3.5 percent rise. Meantime, credit to non-financial corporations advanced 3.7 percent to EUR 4.59 trillion, its slowest rate since January, easing from a 4.3 percent in August. Private sector credit growth including households and non-financial corporations went up 3.7 percent in September, after a 3.8 percent rise in the prior month.

2019-09-26
Lending to Eurozone Households Rises 3.4% YoY
Loans to households in the Euro Area rose 3.4 percent from a year earlier to EUR 6.15 trillion in August 2019, the same pace as in the previous month and in line with market forecasts. Also, credit to non-financial corporations went up 4.3 percent to EUR 4.60 trillion, the fastest pace in a decade. Private sector credit growth including households and non-financial corporations picked up to 3.8 percent in August from 3.7 percent in July.

2019-08-28
Lending to Eurozone Households Rises 3.4%
Loans to households in the Euro Area rose 3.4 percent from a year earlier to EUR 6.13 trillion in July 2019, compared to 3.3 percent in June. Also, credit to non-financial corporations went up 3.9 percent to EUR 4.58 trillion, the same pace as in the previous month. Private sector credit growth including households and non-financial corporations picked up to 3.6 percent in July from 3.5 percent in June.

2019-07-24
Lending to Eurozone Households Rises 3.3%
Loans to households in the Euro Area rose 3.3 percent from a year earlier to EUR 6.11 trillion in June of 2019, the same pace as in May, while credit to non-financial corporations went up 3.8 percent to EUR 4.56 trillion, also unchanged from the previous month. Still, private sector credit growth including households and non-financial corporations increased to 3.5 percent in June from 3.3 percent in May.

2019-07-01
Lending to Eurozone Households Rises 3.3% in May
Loans to households in the Euro Area rose 3.3 percent from a year earlier to EUR 6.10 trillion in May 2019, the same pace as in April and below market expectations of 3.4 percent. Also, credit to non-financial corporations went up 3.9 percent to EUR 4.55 trillion, also unchanged from the previous month. Private sector credit growth including households and non-financial corporations eased to 3.3 percent in May from 3.4 percent in the prior month.


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.

Euro Area Money Last Previous Highest Lowest Unit
Interest Rate 0.00 0.00 4.75 0.00 percent [+]
Interbank Rate -0.42 -0.42 5.39 -0.48 percent [+]
Money Supply M1 8931888.00 8881568.00 8931888.00 444330.00 EUR Million [+]
Money Supply M2 12374327.00 12332765.00 12374327.00 1070496.00 EUR Million [+]
Money Supply M3 13007563.00 12963324.00 13007563.00 1097404.00 EUR Million [+]
Foreign Exchange Reserves 73.22 74.85 75.88 34.91 USD Billion [+]
Central Bank Balance Sheet 4691998.00 4682592.00 4713568.00 692641.00 EUR Million [+]
Loans to Private Sector 4588362.00 4592631.00 4929457.00 2994549.00 EUR Million [+]
Deposit Interest Rate -0.50 -0.50 3.75 -0.50 percent [+]
Lending Rate 0.25 0.25 5.75 0.25 percent [+]
Loan Growth 3.50 3.50 9.90 -0.40 percent [+]