Loans to households in the Euro Area rose 3.2 percent from a year earlier to EUR 6.04 trillion in January 2019, the same pace as in the previous month and below market expectations of a 3.4 percent increase. Also, credit to non-financial corporations went down to 3.3 percent to EUR 4.49 trillion from 3.9 percent in December. Private sector credit growth including households and non-financial corporations declined to 3.0 percent in January, compared to 3.4 percent in the prior month. Loan Growth in the Euro Area averaged 3.64 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.

Loan Growth in Euro Area is expected to be 3.20 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 3.40 in 12 months time. In the long-term, the Euro Area Household Credit Growth is projected to trend around 3.00 percent in 2020, according to our econometric models.

Euro Area Household Credit Growth
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-28 09:00 AM Loan Growth YoY 3.2% 3.2% 3.2% 3.1%
2019-01-03 09:00 AM Loan Growth YoY 3.3% 3.2% 3.3% 3.2%
2019-01-28 09:00 AM Loan Growth YoY 3.3% 3.3% 3.4% 3.3%
2019-02-27 09:00 AM Loan Growth YoY 3.2% 3.2% 3.4% 3.2%
2019-03-28 09:00 AM Loan Growth YoY 3.2% 3.3% 3.2%
2019-04-29 08:00 AM Loan Growth YoY 3.2%
2019-05-28 08:00 AM Loan Growth YoY


Euro Area Money Last Previous Highest Lowest Unit
Interest Rate 0.00 0.00 4.75 0.00 percent [+]
Money Supply M1 8294556.00 8281201.00 8294556.00 444116.00 EUR Million [+]
Interbank Rate -0.34 -0.34 5.39 -0.39 percent [+]
Money Supply M2 11717261.00 11703716.00 11717261.00 1070365.00 EUR Million [+]
Money Supply M3 12374319.00 12373174.00 12374319.00 1097239.00 EUR Million [+]
Foreign Exchange Reserves 66.78 66.07 70.57 34.91 USD Billion [+]
Central Bank Balance Sheet 4669003.00 4674919.00 4674919.00 692641.00 EUR Million [+]
Loans to Private Sector 11157541.00 11126123.00 11157541.00 3241298.00 EUR Million [+]
Deposit Interest Rate -0.40 -0.40 3.75 -0.40 percent [+]
Lending Rate 0.25 0.25 5.75 0.25 percent [+]
Loan Growth 3.20 3.20 9.90 -0.40 percent [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.20 3.20 9.90 -0.40 2004 - 2019 percent Monthly
Current Prices, SA




Country Last Previous
Brazil -0.90 Jan/19
China 13.40 Feb/19
Euro Area 3.20 Jan/19
France 6.16 Jan/19
India 14.60 Mar/19
Indonesia 11.97 Jan/19
Japan 2.30 Feb/19
Saudi Arabia 2.40 Jan/19
Spain 1.60 Nov/18


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