Loans to households in the Euro Area rose 3.3 percent from a year earlier to EUR 6.435 trillion in March of 2021, accelerating from a 3 percent increase in each of the previous two months. That was the highest rise in household lending since March 2020. Meantime, credit to companies went up 5.3 percent to EUR 4.901 trillion compared with a 7 percent growth in the previous month. Private sector credit growth including households and non-financial corporations decreased to 4.6 percent in March from 5 percent in February. source: European Central Bank
Loan Growth in the Euro Area averaged 3.60 percent from 2004 until 2021, 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 May of 2021.
Loan Growth in Euro Area is expected to be 2.20 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 1.70 in 12 months time. In the long-term, the Euro Area Household Credit Growth is projected to trend around 1.50 percent in 2022 and 1.80 percent in 2023, according to our econometric models.