Bank lending to households in the Eurozone rose by 0.9% year-on-year to €6.918 trillion in November 2024, accelerating from a 0.8% increase in the previous month, as expected. It was the fastest pace of credit growth since August 2023. Meanwhile, lending to companies rose by 1% to €5.162 trillion, down from a 1.2% advance in October. Overall private sector credit growth, encompassing both households and non-financial corporations, decreased to 1.5% in November from 1.7% in October. source: European Central Bank
The value of loans In the Euro Area increased 0.90 percent in November of 2024 over the same month in the previous year. Loan Growth in Euro Area averaged 3.42 percent from 2004 until 2024, 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 2025.
The value of loans In the Euro Area increased 0.90 percent in November of 2024 over the same month in the previous year. Loan Growth in Euro Area is expected to be 0.80 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 1.80 percent in 2026, according to our econometric models.