Monitor EZ Private Loans y/y to gauge consumer confidence and spending trends, crucial for economic forecasts.
There is a positive relationship between borrowing and spending, as both consumers and businesses tend to seek credit when they have confidence in their financial future and feel at ease about their expenditures.
What it Measures
This statistic reflects the change in the overall amount of new loans granted to consumers and businesses in the private sector.
Usual Effect
When the 'Actual' results surpass the 'Forecast', it is considered favorable for the currency.
Source & Frequency
European Central Bank (latest release) - https://www.ecb.europa.eu/home/html/index.en.html • This data is released monthly, approximately 28 days after the close of the previous month.
How Data is Derived
N/A
Also Known As
N/A
Acronym
N/A