Total Credit to Households and Non-Profit Institutions Serving Households, Unadjusted for Breaks, for Euro area
CRDQXMAHUBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,800.55
Year-over-Year Change
5.55%
Date Range
1/1/1999 - 10/1/2024
Summary
This economic trend measures the total credit to households and non-profit institutions serving households in the Euro area, providing insight into consumer borrowing and spending patterns.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Total Credit to Households and Non-Profit Institutions Serving Households indicator tracks the total amount of credit extended to these entities, which is a key metric for understanding consumer financial health and the broader economic environment.
Methodology
The data is collected and reported by the European Central Bank.
Historical Context
This trend is closely monitored by policymakers and analysts to assess consumer confidence and forecast economic growth.
Key Facts
- The Euro area includes 19 EU member states that use the euro as their currency.
- Credit to households makes up a significant portion of total private sector credit in the Eurozone.
- Household debt levels are closely watched as an indicator of consumer confidence and economic stability.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of credit extended to households and non-profit institutions serving households in the Euro area.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer borrowing and spending patterns, which are key indicators of economic health and consumer confidence.
Q: How is this data collected or calculated?
A: The data is collected and reported by the European Central Bank.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to assess consumer financial conditions and forecast economic growth in the Eurozone.
Q: Are there update delays or limitations?
A: The data is published by the European Central Bank with a short time lag, providing timely information for analysis.
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Citation
U.S. Federal Reserve, Total Credit to Households and Non-Profit Institutions Serving Households, Unadjusted for Breaks, for Euro area (CRDQXMAHUBIS), retrieved from FRED.