Consumer credit accumulates growth figures in September not seen since the outbreak of the pandemic in 2020
The credit granted to families has increased 3.8% in September in an interannual rate, accumulating up to 705,616 million of euros. Which represents the greatest advance since December 2008. All this thanks to the fact that consumer financing has increased by 10.1% in the same period, up to 110,545 million. consumer credit it had not grown at that rate since the outbreak of the pandemic of the coronavirus, in March 2020.
The family credit portfolio It also includes financing for housing, including mortgages, which has grown by 3.1% compared to September 2024, the largest increase since February 2009, up to 511,273 million. Compared to August, total credit to families, including both consumption and mortgages, has advanced 0.28%according to data published this Monday by the Bank of Spain
As for the financing for companiescredit, however, has decreased by 0.3% in September in an interannual rate, to 941,554 million, and fell by 0.15% compared to August. It should be remembered that the Bank of Spain statistics correspond to the volume of outstanding balances and interannual variation rates.
