Loans to households in the Euro Area increased 3.4 percent from a year earlier to EUR 6.16 trillion in September 2019, the same pace as in the previous month and compared with market expectations of a 3.5 percent rise. Meantime, credit to non-financial corporations advanced 3.7 percent to EUR 4.59 trillion, its slowest rate since January, easing from a 4.3 percent in August. Private sector credit growth including households and non-financial corporations went up 3.7 percent in September, after a 3.8 percent rise in the prior month. Loan Growth in the Euro Area averaged 3.63 percent from 2004 until 2019, 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 3.60 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 3.80 in 12 months time. In the long-term, the Euro Area Household Credit Growth is projected to trend around 3.60 percent in 2020, according to our econometric models.

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Euro Area Household Credit Growth
Calendar GMT Actual Previous Consensus TEForecast
2019-07-24 08:00 AM Loan Growth YoY Jun 3.3% 3.3% 3.2%
2019-08-28 08:00 AM Loan Growth YoY Jul 3.4% 3.3% 3.2%
2019-09-26 08:00 AM Loan Growth YoY Aug 3.4% 3.4% 3.4% 3.3%
2019-10-28 09:00 AM Loan Growth YoY Sep 3.4% 3.4% 3.5% 3.4%
2019-11-28 09:00 AM Loan Growth YoY Oct 3.4% 3.4%


Euro Area Money Last Previous Highest Lowest Unit
Interest Rate 0.00 0.00 4.75 0.00 percent [+]
Interbank Rate -0.44 -0.44 5.39 -0.48 percent [+]
Money Supply M1 8808619.00 8784200.00 8808619.00 444116.00 EUR Million [+]
Money Supply M2 12269448.00 12246714.00 12269448.00 1070365.00 EUR Million [+]
Money Supply M3 12893769.00 12875669.00 12893769.00 1097239.00 EUR Million [+]
Foreign Exchange Reserves 75.16 75.88 75.88 34.91 USD Billion [+]
Central Bank Balance Sheet 4695111.00 4638104.00 4708899.00 692641.00 EUR Million [+]
Loans to Private Sector 11398568.00 11398937.00 11398937.00 3241298.00 EUR Million [+]
Deposit Interest Rate -0.50 -0.50 3.75 -0.50 percent [+]
Lending Rate 0.25 0.25 5.75 0.25 percent [+]
Loan Growth 3.40 3.40 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 November of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.40 3.40 9.90 -0.40 2004 - 2019 percent Monthly
Current Prices, SA




Country Last Previous
Brazil 1.00 Sep/19 1.1
China 12.40 Oct/19 12.5
Euro Area 3.40 Sep/19 3.4
France 6.27 Sep/19 5.58
India 8.90 Oct/19 8.8
Indonesia 7.89 Aug/19 9.58
Japan 2.00 Oct/19 2
Saudi Arabia 3.20 Sep/19 2.4
Spain 2.10 Jun/19 2


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