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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
European UnionEurozone Loan Growth YoY held to 3.5% in November 2019
FMPMonthlyReleased January 2020
Eurozone Loan Growth YoY held to 3.5% in November 2019, released January 2020. The reading matched the 3.5% consensus. The print is running well above the 12-month average of 3.33%. Over the past 3 months, Loan Growth YoY averaged 3.45%, vs 3.37% in the prior 3-month window. Loan Growth YoY is now the highest in 36 months.
Latest Release
3.5
Actual
3.5
Consensus
3.5
Previous
Median Absolute Error
±0.05 percentage points
across last 12 releases
Last Call
Jan 2020
Predicted: 3.48
Actual: 3.5
Error: -0.02
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.50 | FOREX | Moves with | → View |
| EUR/JPY | ▲ Direct | +0.45 | FOREX | Moves with | → View |
| EUR/GBP | ▲ Direct | +0.40 | FOREX | Moves with | → View |
| DAX | ▲ Direct | +0.40 | INDEX | Moves with | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Loan Growth YoY (European Union) was reported at 3.5% in January 2020. This matched the market consensus of 3.5% exactly. The reading was unchanged from the previous release.
WHY IT MATTERS
The trailing three releases averaged 3.47%, up from the prior three at 3.37%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/USD (Bullish EUR). A secondary relationship exists with EUR/JPY, positively correlated (Bullish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.05%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Economic Sentiment (Jul 30) and Gross Domestic Product YoY (Jul 30).
Auto-generated from current model state · Refreshes on each release · Last update January 2020.
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Loan Growth YoY - EU
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About Loan Growth YoY — European Union
DEFINITION
Loan Growth YoY is a financial indicator that measures the year-over-year change in the amount of loans issued by a company or financial institution. It provides insight into the growth or decline of a company's lending activities and can be used to assess its overall financial health and performance. This indicator is commonly used by investors, analysts, and lenders to evaluate the strength and stability of a company's loan portfolio. A positive Loan Growth YoY indicates an increase in lending, while a negative value suggests a decrease.
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Nov 2019): actual 3.5 %, consensus 3.5 %. Prior reading (Oct 2019): 3.5 %. Before that (Sep 2019): 3.4 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with EUR/USD (Bullish EUR, r=0.50) — a useful reference for forex-focused traders.
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Economic Calendar - EU Events
| Monday, July 27, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:00 | EU | M3 Money Supply YoY | 3.3 | 3.2 | 3.3 | 3.32 | Low |
| 08:00 | EU | Loans to Households YoY | 3 | 3 | 3.1 | 3.05 | Low |
| 08:00 | EU | Loans to Companies YoY | 4 | 4 | 4.1 | 4.17 | Low |
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 09:00 | EU | Economic Sentiment | 95 | 96 | 94.90 | Medium | |
| 09:00 | EU | Services Sentiment | 3.2 | 3.6 | 2.30 | Low | |
| 09:00 | EU | Unemployment Rate | 6.2 | 6.2 | 6.20 | Medium | |
| 09:00 | EU | Consumer Inflation Expectation | 34 | 38 | 38.55 | Low | |
| 09:00 | EU | GDP Growth Rate YoY | 0.3 | 0.4 | 0.40 | High | |
| 09:00 | EU | Industrial Sentiment | -7.7 | -7 | -7.25 | Low | |
| 09:00 | EU | Selling Price Expectations | 22.3 | 25 | 27.55 | Low | |
| 09:00 | EU | GDP Growth Rate QoQ | -0.2 | 0.2 | 0.20 | High | |