Loans to households in the Euro Area rose 4.2 percent in July 2021, following a 4.0 percent increase in the previous month. That was the largest increase in household lending since November 2008. Meantime, credit to companies was up 1.7 percent, compared with 1.8 percent in June. Private sector credit growth including households and non-financial corporations stood at 3.0 percent in July, unchanged from the previous month. 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 September of 2021.
Loan Growth in Euro Area is expected to be 4.40 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.