Loans to households in the Euro Area rose 4.5 percent year-on-year in April of 2022, the same pace as in the previous month, which was the fastest since October 2008. In the meantime, credit to companies surged 5.2 percent, compared with 4.1 percent in March. Private sector credit growth including households and non-financial corporations accelerated to 5.3 percent in April from 4.6 percent in the previous month. source: European Central Bank
Loan Growth in the Euro Area averaged 3.63 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 June of 2022.
Loan Growth in Euro Area is expected to be 4.30 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 2.50 percent in 2023 and 2.20 percent in 2024, according to our econometric models.