The European Central Bank released August 2023 lending data, indicating a slight deceleration in euro zone business lending growth to 4.2%, down from 4.4% in July—a level last seen mid-2023. Meanwhile, household lending growth held steady at 3.1%, matching its highest rate since early 2023. The M3 measure of broad money supply rose to 3.5% from 3.4%, aligning with economists’ expectations and reflecting a steady economic outlook. The data underscores a modest easing in credit expansion for businesses amid persistent consumer credit momentum. The ECB’s figures provide insight into private-sector financing conditions in the euro zone, reflecting recent monetary policy adjustments.
Euro Zone Business Lending Growth Eases to 4.2% in August
ECB data shows corporate credit expansion slows from mid-2023 highs while household lending remains steady at 3.1%.
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Elena Kovač · Central Banks Desk · 25 Sept 2026 · 10:30 · 1 min read
This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Written by
Elena Kovač
Central Banks Desk
Elena covers macroeconomic data and policy across the eurozone, translating industrial output, inflation and growth figures into what they mean for markets.
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