Money and business
Eurozone: consumer loan growth at its highest rate since 2023
Data issued today, the growth of consumer loans in the during September at a rate of (2.6%) annually, after growing by (2.5%) last August, to record its highest growth rate since March 2023.
Consumer loans in the euro area
At the same time, the annual growth of loans granted to non-financial companies in the region, which includes (20) European Union countries, slowed to (2.9%) last month compared to (3%) during the previous month.
Loans to the entire private sector increased by (2.8%), unchanged from the previous month.
Private sector commitments
At the same time, private sector commitments increased at a steady pace of (2.7%) in September.
The overall money supply in the euro area witnessed an increase by (2.8%) during September after rising by (2.9%) in August.
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