Loans to households in the Euro Area increased by 3.2 percent from a year ago to EUR 5.99 trillion in October of 2018, the same as an upwardly revised 3.2 percent rise in September and in line with market expectations. Also, credit to non-financial corporations went up 3.9 percent to EUR 4.46 trillion, after a 4.3 percent increase in September. Private sector credit growth including households and non-financial corporations rose 3.3 percent in October, slightly below 3.4 percent in the previous month. Loan Growth in the Euro Area averaged 3.65 percent from 2004 until 2018, 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 3.40 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 3.20 in 12 months time. In the long-term, the Euro Area Household Credit Growth is projected to trend around 2.80 percent in 2020, according to our econometric models.

Euro Area Household Credit Growth
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-28 08:00 AM Loan Growth YoY 3% 3% 3% 2.9%
2018-09-27 08:00 AM Loan Growth YoY 3.1% 3% 2.9% 3%
2018-10-24 08:00 AM Loan Growth YoY 3.1% 3.1% 3.2% 3.2%
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 3.2%
2019-01-28 09:00 AM Loan Growth YoY 3.40%
2019-02-27 09:00 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 8201643.00 8168938.00 8201643.00 444118.00 EUR Million [+]
Interbank Rate -0.36 -0.36 5.39 -0.39 percent [+]
Money Supply M2 11630647.00 11577096.00 11630647.00 1070365.00 EUR Million [+]
Money Supply M3 12271797.00 12198222.00 12271797.00 1097238.00 EUR Million [+]
Foreign Exchange Reserves 66.37 66.12 70.57 34.91 USD Billion [+]
Central Bank Balance Sheet 4645821.00 4638843.00 4645821.00 692641.00 EUR Million [+]
Loans to Private Sector 11089860.00 11062727.00 11106677.00 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.20 3.20 9.90 -0.40 2004 - 2018 percent Monthly
Current Prices, SA




Country Last Previous
Brazil -0.20 Oct/18
China 13.10 Nov/18
Euro Area 3.20 Oct/18
France 5.71 Oct/18
India 15.10 Nov/18
Indonesia 13.35 Oct/18
Japan 2.10 Nov/18
Saudi Arabia 1.90 Oct/18
Spain 1.60 Sep/18


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