Loans to households in the Euro Area rose 3.8 percent year-on-year in December of 2022, slowing for a fourth consecutive month to mark the weakest gain since May of 2021 as rising borrowing costs and stubbornly high inflation hit demand. Lending for house purpose went up 4.4%, below 4.6% in November while credit for consumption rose slightly more (3.1% vs 3%). Meanwhile, credit to companies advanced 6.3%, much lower than 8.3% in November. Private sector credit growth including households and non-financial corporations slowed to 4.2% from 5.1%. source: European Central Bank

Loan Growth in Euro Area averaged 3.65 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 January of 2023.

Loan Growth in Euro Area is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Euro Area Household Credit Growth



Calendar GMT Actual Previous Consensus TEForecast
2022-12-29 09:00 AM Nov 4.1% 4.2% 4.1% 4.0%
2023-01-27 09:00 AM Dec 3.8% 4.1% 4.2%
2023-02-27 09:00 AM Jan 3.8%


Related Last Previous Unit Reference
Interest Rate 2.50 2.00 percent Dec 2022
Money Supply M1 11450387.00 11565479.00 EUR Million Nov 2022
Money Supply M2 15331588.00 15376923.00 EUR Million Nov 2022
Money Supply M3 16090168.00 16145064.00 EUR Million Dec 2022
Central Bank Balance Sheet 7959180.00 7972052.00 EUR Million Jan 2023
Foreign Exchange Reserves 84.15 82.81 USD Billion Dec 2022
Loans to Private Sector 5118399.00 5144347.00 EUR Million Dec 2022
Lending Rate 2.75 2.75 percent Jan 2023
Loan Growth 3.80 4.10 percent Dec 2022
Deposit Interest Rate 2.00 1.50 percent Dec 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
3.80 4.10 9.90 -0.40 2004 - 2022 percent Monthly
Current Prices, SA

News Stream
Household Lending in Euro Area Continues to Slow
Loans to households in the Euro Area rose 3.8 percent year-on-year in December of 2022, slowing for a fourth consecutive month to mark the weakest gain since May of 2021 as rising borrowing costs and stubbornly high inflation hit demand. Lending for house purpose went up 4.4%, below 4.6% in November while credit for consumption rose slightly more (3.1% vs 3%). Meanwhile, credit to companies advanced 6.3%, much lower than 8.3% in November. Private sector credit growth including households and non-financial corporations slowed to 4.2% from 5.1%.
2023-01-27
Euro Area Household Credit Growth Lowest in a Year
Loans to households in the Euro Area rose 4.1 percent year-on-year in November of 2022, the least in a year and moving further away from a near 14-year high of 4.6 percent hit in May, as rising borrowing costs and stubbornly high inflation hit demand. In addition, credit to companies advanced 8.4 percent, below 8.9 percent in October. Private sector credit growth including households and non-financial corporations slowed to 6.3 percent from 6.5 percent.
2022-12-29
Lending to Eurozone Households Slows Down
Loans to households in the Euro Area rose 4.2 percent year-on-year to EUR 6.81 trillion, easing from a 4.4 percent advance in the previous month and moving further away from a near 14-year high of 4.6 percent hit in May, as rising borrowing costs and stubbornly high inflation hit demand. In addition, credit to companies advanced 8.9 percent, the same pace as in September. Private sector credit growth including households and non-financial corporations slowed to 6.5 percent in October from 7.0 percent in September.
2022-11-28