The increase in the indicator’s rate reached its highest point since May 2023.
Analysts polled by Trading Economics anticipated an average rise of 1.8%.
In March, credit consumer in the currency area increased by 1.7%. The pace of growth increased for the eighth month in a row.
At the same time, loans from eurozone banks to non-financial firms increased by 2.6% to €5.23 trillion last month. This is the strongest growth since June 2023.
A crucial measure of money supply (M3 aggregate) in the eurozone increased by 3.9% compared to the previous year in April. In March, the indicator rose by 3.7%, and analysts anticipated the maintenance of this trend.
source: tradingeconomics.com
