European credit growth rate in July 2024

The annual growth rate of adjusted loans to households rose to 0.5% from 0.3% in June, while the annual growth rate of loans to non-financial corporations was 0.6%, down slightly from 0.7% in June.
In July 2024, the annual growth rate of the broad monetary aggregate M3 in Europe was 2.3%, unchanged from the previous month.
The M1, the narrower monetary aggregate, which includes currency in circulation and overnight deposits, recorded an annual decline of -3.1%, the same as in the previous month.