Euro Area EUR

Euro Area Loan Growth YoY

Impact:
Low

Latest Release:

Date:
Actual:
3.5%
Forecast: 3.5%
Previous/Revision:
3.5%
Period: Nov
What Does It Measure?
The Euro Area Loan Growth YoY measures the annualized percentage change in the total amount of loans granted by financial institutions to households and non-financial corporations in the eurozone. This indicator focuses on credit availability and demand, assessing key areas such as consumer spending, business investment, and overall economic health, with higher growth suggesting increased economic activity.
Frequency
This report is released monthly, typically around the end of the month, and provides final figures that reflect the lending situation in the euro area.
Why Do Traders Care?
Traders pay close attention to the Euro Area Loan Growth YoY as it signals the health of the eurozone economy, influencing market sentiment towards the euro and impacting asset classes such as equities and bonds. Higher-than-expected loan growth may indicate stronger economic activity, positively affecting currencies, while weaker-than-expected figures can lead to bearish sentiment.
What Is It Derived From?
The Euro Area Loan Growth YoY is derived from data collected from a comprehensive survey of financial institutions across the eurozone, focusing on the total outstanding loans. It utilizes a weighted average approach based on the volume of loans provided, ensuring that larger lenders have a corresponding influence on the final figures.
Description
This indicator is crucial for understanding credit conditions within the euro area, reflecting trends in consumer and business confidence. Given that it is a Year-over-Year (YoY) measure, it contrasts the current month’s figures with the same month from the previous year, which effectively captures long-term trends and mitigates seasonal fluctuations typically observed in month-over-month data.
Additional Notes
The Euro Area Loan Growth YoY serves as a coincident economic indicator, highlighting current credit trends that align closely with shifts in economic performance. Its relevance extends beyond the eurozone, providing insights into global economic conditions as fluctuating credit levels can influence international trade and investment patterns.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for EUR, Bullish for Stocks. Lower than expected: Bearish for EUR, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
3.5%
3.5%
3.5%
3.5%
3.5%
3.4%
3.4%
3.5%
3.4%
-0.1%
3.4%
3.4%
3.4%
3.4%
3.2%
3.3%
0.2%
3.3%
3.2%
3.3%
0.1%
3.3%
3.4%
3.4%
-0.1%
3.4%
3.3%
3.3%
0.1%
3.2%
3.3%
3.3%
-0.1%
3.3%
3.3%
3.2%
3.2%
3.4%
3.2%
-0.2%
3.3%
3.4%
3.3%
-0.1%
3.3%
3.3%
3.2%
3.2%
3.2%
3.2%
3.1%
3.2%
3.1%
-0.1%
3.1%
2.9%
3%
0.2%
3%
3%
3%
2.9%
3%
2.9%
-0.1%
2.9%
3%
2.9%
-0.1%
2.9%
3.2%
2.9%
-0.3%
3%
2.9%
2.9%
0.1%
2.9%
3%
2.9%
-0.1%
2.9%
2.9%
2.9%
2.8%
2.9%
2.8%
-0.1%
2.8%
2.8%
2.7%
2.7%
2.8%
2.7%
-0.1%
2.7%
2.9%
2.7%
-0.2%
2.7%
2.7%
2.7%
2.6%
2.7%
2.6%
-0.1%
2.6%
2.7%
2.6%
-0.1%
2.6%
2.5%
2.4%
0.1%
2.4%
2.4%
2.4%
2.4%
2.4%
2.3%
2.3%
2.3%
2.2%
2.2%
2.2%
2%
2%
2%
1.9%
1.9%
1.9%
1.8%
1.8%
1.9%
1.8%
-0.1%
1.8%
1.9%
1.8%
-0.1%
1.8%
2%
1.8%
-0.2%
1.8%
1.8%
1.8%
1.7%
1.7%
1.6%
1.6%
1.5%
1.5%
0.1%
1.5%
1.5%
1.6%
1.6%
1.7%
1.6%
-0.1%
1.6%
1.4%
1.4%
0.2%
1.4%
1.5%
1.4%
-0.1%
1.4%
1.5%
1.4%
-0.1%
1.4%
1.3%
1.2%
0.1%
1.2%
1.2%
1.1%
1.1%
1.1%
1%
1%
1.1%
0.9%
-0.1%
0.9%
0.8%
0.6%
0.1%
0.6%
0.6%
0.5%
0.5%
0.4%
0%
0.1%
0%
0.2%
0.1%
-0.2%