Loans to households in the Euro Area rose 4.5 percent year-on-year in July of 2022, easing slightly from a 4.6 percent advance in June, which was the highest since October 2008. Meanwhile, credit to companies jumped 7.7 percent, the most since February 2009. Private sector credit growth including households and non-financial corporations accelerated to 6.3 percent in July from 6.2 percent in June. source: European Central Bank
Loan Growth in the Euro Area averaged 3.64 percent from 2004 until 2022, 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 September of 2022.
Loan Growth in Euro Area is expected to be 4.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Household Credit Growth is projected to trend around 3.30 percent in 2023 and 3.60 percent in 2024, according to our econometric models.