Bank lending to households in the Eurozone increased by 0.2% year-on-year to €6.875 trillion in March 2024, easing from a 0.3% rise in the previous month. It was the slowest pace of credit growth since February 2015, as the European Central Bank's tightening measures implemented over the past months continued to weigh on consumer demand. Additionally, lending to companies rose by 0.4% to €5.132 trillion, following a 0.3% advance in February. Overall private sector credit growth, encompassing both households and non-financial corporations, picked up to 0.8% from 0.7%. source: European Central Bank

The value of loans In the Euro Area increased 0.20 percent in March of 2024 over the same month in the previous year. Loan Growth in the Euro Area averaged 3.51 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 April of 2024.

The value of loans In the Euro Area increased 0.20 percent in March of 2024 over the same month in the previous year. Loan Growth in Euro Area is expected to be -0.60 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 1.10 percent in 2025, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-03-28 09:00 AM
Loans to Households YoY
Feb 0.3% 0.3% 0.4% 0.2%
2024-04-26 08:00 AM
Loans to Households YoY
Mar 0.2% 0.3% 0.3% 0.1%
2024-05-29 08:00 AM
Loans to Households YoY
Apr 0.2% 0.1%


Related Last Previous Unit Reference
Central Bank Balance Sheet 6593161.00 6596669.00 EUR Million Apr 2024
Deposit Facility Rate 4.00 4.00 percent Apr 2024
Foreign Exchange Reserves 87.01 87.40 USD Billion Feb 2024
ECB Interest Rate 4.50 4.50 percent Apr 2024
Marginal Lending Rate 4.75 4.75 percent Apr 2024
Loans to Households YoY 0.20 0.30 percent Mar 2024
Loans to Non-financial Corporations 5132323.00 5130194.00 EUR Million Mar 2024
Longer-Term Refinancing Operations 397.29 396.22 EUR Billion Mar 2024
Money Supply M1 10243652.00 10244771.00 EUR Million Mar 2024
Money Supply M2 15140224.00 15102661.00 EUR Million Mar 2024
Money Supply M3 16190431.00 16114443.00 EUR Million Mar 2024
Refinancing Operations 4.81 7.89 EUR Billion Mar 2024

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
0.20 0.30 9.90 -0.40 2004 - 2024 percent Monthly
Current Prices, SA

News Stream
Eurozone Household Credit Growth Hits New 9-Year Low
Bank lending to households in the Eurozone increased by 0.2% year-on-year to €6.875 trillion in March 2024, easing from a 0.3% rise in the previous month. It was the slowest pace of credit growth since February 2015, as the European Central Bank's tightening measures implemented over the past months continued to weigh on consumer demand. Additionally, lending to companies rose by 0.4% to €5.132 trillion, following a 0.3% advance in February. Overall private sector credit growth, encompassing both households and non-financial corporations, picked up to 0.8% from 0.7%.
2024-04-26
Eurozone Bank Lending Growth Remains Weak in February
Bank lending to households in the Eurozone increased by 0.3% year-on-year to €6.87 trillion in February 2024, maintaining the same pace as the previous month and remaining at the slowest rate since March 2015. This suggests that the European Central Bank's unprecedented tightening measures implemented over the past months are weighing on consumer demand. Additionally, lending to companies rose by 0.4% to €5.13 trillion, following a 0.2% advance in January. Overall private sector credit growth, encompassing both households and non-financial corporations, picked up to 0.7% from 0.4%.
2024-03-28
Eurozone Bank Lending Growth Slows to Near 9-Year Low
Bank lending to households in the Eurozone increased by 0.3% year-on-year to EUR 6.870 trillion in January 2024, below market expectations of 0.4%. It marks the slowest pace since March 2015, further underscoring the significant deceleration in the bloc's economy due to the European Central Bank's unprecedented tightening measures implemented over the past months. Additionally, lending to companies rose by 0.2%, after an upwardly revised 0.5% increase in December. The overall private sector credit growth, encompassing both households and non-financial corporations, stood at 0.4%, unchanged from the previous month.
2024-02-27