Loans to households in the Euro Area rose 4.0 percent in June 2021, following a 3.9 percent increase in the previous month. That was the largest increase in household lending since December 2008. Meantime, credit to companies was up 1.9 percent, the same pace as in the previous month. Private sector credit growth including households and non-financial corporations picked up to 3.0 percent in June from 2.7 percent in May. 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 July of 2021.

Loan Growth in Euro Area is expected to be 2.70 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 2.00 percent in 2022 and 2.40 percent in 2023, according to our econometric models.

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Euro Area Household Credit Growth

Actual Previous Highest Lowest Dates Unit Frequency
4.00 3.90 9.90 -0.40 2004 - 2021 percent Monthly
Current Prices, SA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-29 08:00 AM Mar 3.3% 3% 2.9%
2021-05-31 08:00 AM Apr 3.8% 3.3% 3.3%
2021-06-25 08:00 AM May 3.9% 3.8% 4%
2021-07-27 08:00 AM Jun 4% 3.9% 4%
2021-08-26 08:00 AM Jul 4%
2021-09-27 08:00 AM Aug
2021-10-27 09:00 AM Sep
2021-11-26 09:00 AM Oct


News Stream
Eurozone Household Credit Growth at Over 12-Year High
Loans to households in the Euro Area rose 4.0 percent in June 2021, following a 3.9 percent increase in the previous month. That was the largest increase in household lending since December 2008. Meantime, credit to companies was up 1.9 percent, the same pace as in the previous month. Private sector credit growth including households and non-financial corporations picked up to 3.0 percent in June from 2.7 percent in May.
2021-07-27
Lending to EA Households Rises Most in Over 12 Years
Loans to households in the Euro Area rose 3.9 percent in May 2021, following a 3.8 percent increase in the previous month. That was the largest increase in household lending since December 2008. Meantime, credit to companies was up 1.9 percent, well below a 3.2 percent growth in the previous month. Private sector credit growth including households and non-financial corporations slowed to 2.7 percent in May from 3.2 percent in April.
2021-06-25
Eurozone Household Credit Growth Accelerates in April
Loans to households in the Euro Area soared 3.8 percent year-on-year in April of 2021, accelerating from a 3.3 percent increase in March and booking the biggest increase since February of 2020. Meantime, credit to companies rose 3.2 percent, slowing sharply from a 5.3 percent rise in the previous month. Private sector credit growth including households and non-financial corporations decreased to 4 percent in April from 4.6 percent in March.
2021-05-31
Lending to EA Households Rises the Most in a Year
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.
2021-04-29

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.