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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 | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.50 | FOREX | Bullish EUR | → View |
| EUR/JPY | ▲ Direct | +0.45 | FOREX | Bullish EUR | → View |
| EUR/GBP | ▲ Direct | +0.40 | FOREX | Bullish EUR | → View |
| DAX | ▲ Direct | +0.40 | INDEX | Bullish EU | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
The January 2020 reading was unchanged from the previous value of 3.5. Over the last 12 releases, the Sigmanomics model has produced a median absolute forecast error of ±0.05. Historically, this indicator is positively correlated with EUR/USD (Bullish EUR) and positively correlated with EUR/JPY (Bullish EUR).
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Loan Growth YoY - EU
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