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.