Loans to households in the Euro Area rose 4.6 percent year-on-year in June of 2022, the same as in the previous two months and remaining the highest since October 2008. Meanwhile, credit to companies jumped 6.8 percent, the most in 16 months and following a 5.8 percent increase in May. Private sector credit growth including households and non-financial corporations accelerated to 6.1 percent in June from 5.6 percent in May. source: European Central Bank

Loan Growth in the Euro Area averaged 3.64 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 August of 2022.

Loan Growth in Euro Area is expected to be 3.70 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.

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Euro Area Household Credit Growth



Calendar GMT Actual Previous Consensus TEForecast
2022-06-29 08:00 AM May 4.6% 4.6% 4.6% 4.4%
2022-07-27 08:00 AM Jun 4.6% 4.6% 4.3%
2022-08-26 08:00 AM Jul 4.6%


Related Last Previous Unit Reference
Interest Rate 0.50 0.00 percent Jul 2022
Money Supply M1 11567388.00 11536231.00 EUR Million Jun 2022
Money Supply M2 15068115.00 14996203.00 EUR Million Jun 2022
Money Supply M3 15850535.00 15764395.00 EUR Million Jun 2022
Central Bank Balance Sheet 8745981.00 8764480.00 EUR Million Aug 2022
Foreign Exchange Reserves 82.37 80.52 USD Billion Jun 2022
Loans to Private Sector 4993023.00 4942673.00 EUR Million Jun 2022
Lending Rate 0.75 0.75 percent Aug 2022
Deposit Interest Rate 0.00 -0.50 percent Jul 2022
Loan Growth 4.60 4.60 percent Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
4.60 4.60 9.90 -0.40 2004 - 2022 percent Monthly
Current Prices, SA

News Stream
Eurozone Household Credit Growth Unchanged for 3rd Month
Loans to households in the Euro Area rose 4.6 percent year-on-year in June of 2022, the same as in the previous two months and remaining the highest since October 2008. Meanwhile, credit to companies jumped 6.8 percent, the most in 16 months and following a 5.8 percent increase in May. Private sector credit growth including households and non-financial corporations accelerated to 6.1 percent in June from 5.6 percent in May.
2022-07-27
Euro Area Household Credit Growth Highest since 2008
Loans to households in the Euro Area rose 4.6 percent year-on-year in May of 2022, the same as an upwardly revised 4.6 percent rise in April and in line with forecasts. It is the highest annual growth rate since 2008. Meanwhile, credit to companies jumped 5.8 percent, the most since early 2021, and compared with 5.2 percent in April. Private sector credit growth including households and non-financial corporations accelerated to 5.7 percent in May from 5.3 percent in the previous month.
2022-06-29
Eurozone Household Credit Growth at Over 13-Year High
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.
2022-05-27