After contracting in January, the credit impulse picked up very slightly in February 2019. This trend is due almost exclusively to lending to nonfinancial companies, whereas the credit impulse has remained relatively flat for households since November 2018. Demand is expected to increase in second-quarter 2019 for all loan categories, stimulated by the easing of financing conditions, except for home loans, for which lending conditions are expected to tighten slightly.
Index Eurozone
