Loans to households in the Euro Area rose 3.8 percent year-on-year in December of 2022, slowing for a fourth consecutive month to mark the weakest gain since May of 2021 as rising borrowing costs and stubbornly high inflation hit demand. Lending for house purpose went up 4.4%, below 4.6% in November while credit for consumption rose slightly more (3.1% vs 3%). Meanwhile, credit to companies advanced 6.3%, much lower than 8.3% in November. Private sector credit growth including households and non-financial corporations slowed to 4.2% from 5.1%. source: European Central Bank
Loan Growth in Euro Area averaged 3.65 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 January of 2023.
Loan Growth in Euro Area is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.