This indicator measures the annual percentage change in the total volume of outstanding credit extended to non-financial corporations by banking institutions. It serves as a critical barometer for business investment and corporate health, as rising loan growth typically signals business expansion and confidence. Conversely, a contraction in lending may indicate tightening credit conditions or a slowdown in economic activity.
The value is calculated by comparing the total stock of outstanding loans to non-financial corporations at the end of the current month with the same period of the previous year, adjusted for seasonal factors and breaks in series.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Aug 27, 2026 | 4.40 | 3.80 | +0.60 |
| Jul 27, 2026 | 4.00 | 4.10 | -0.10 |
| Jun 29, 2026 | 4.00 | 3.60 | +0.40 |
| Jun 1, 2026 | 3.40 | 3.10 | +0.30 |
| Apr 29, 2026 | 3.20 | 2.80 | +0.40 |
| Jan 29, 2026 | 3.00 | 3.20 | -0.20 |
| Jan 2, 2026 | 3.10 | 2.90 | +0.20 |
| Nov 27, 2025 | 2.90 | 2.80 | +0.10 |
| Oct 27, 2025 | 2.90 | 3.20 | -0.30 |
| Sep 25, 2025 | 3.00 | 2.90 | +0.10 |
| Aug 28, 2025 | 2.80 | 2.80 | 0.00 |
| Jul 25, 2025 | 2.70 | 2.50 | +0.20 |
| Jun 30, 2025 | 2.50 | 2.70 | -0.20 |
| May 30, 2025 | 2.60 | 2.40 | +0.20 |
| Apr 29, 2025 | 2.30 | 2.30 | 0.00 |
| Mar 27, 2025 | 2.20 | 2.30 | -0.10 |
| Feb 27, 2025 | 2.00 | 1.60 | +0.40 |
| Jan 29, 2025 | 1.50 | 0.90 | +0.60 |
| Jan 2, 2025 | 1.00 | 1.30 | -0.30 |
| Nov 28, 2024 | 1.20 | 1.10 | +0.10 |
| Oct 25, 2024 | 1.10 | 0.90 | +0.20 |
| Sep 26, 2024 | 0.80 | 0.70 | +0.10 |
| Aug 28, 2024 | 0.60 | 0.80 | -0.20 |
| Jul 25, 2024 | 0.70 | 0.40 | +0.30 |
| Jun 27, 2024 | 0.30 | 0.50 | -0.20 |
| May 29, 2024 | 0.30 | 0.30 | 0.00 |
| Apr 26, 2024 | 0.40 | 0.20 | +0.20 |
| Mar 28, 2024 | 0.40 | 0.20 | +0.20 |
| Feb 27, 2024 | 0.20 | 0.30 | -0.10 |
| Jan 26, 2024 | 0.40 | 0.10 | +0.30 |
| Jan 2, 2024 | 0.00 | -0.70 | +0.70 |
| Nov 28, 2023 | -0.30 | -0.20 | -0.10 |
| Oct 25, 2023 | 0.20 | 0.30 | -0.10 |
| Sep 27, 2023 | 0.60 | 1.80 | -1.20 |
| Aug 28, 2023 | 2.20 | 2.50 | -0.30 |
| Jul 26, 2023 | 3.00 | 3.60 | -0.60 |
| Jun 28, 2023 | 4.00 | 3.50 | +0.50 |
| May 30, 2023 | 4.60 | 4.70 | -0.10 |
| May 2, 2023 | 5.20 | 5.50 | -0.30 |
| Mar 27, 2023 | 5.70 | 5.80 | -0.10 |
| Feb 27, 2023 | 6.10 | 6.50 | -0.40 |
| Jan 27, 2023 | 6.30 | 8.50 | -2.20 |
| Dec 29, 2022 | 8.40 | 8.60 | -0.20 |
| Nov 28, 2022 | 8.90 | 9.00 | -0.10 |
| Oct 26, 2022 | 8.90 | 9.10 | -0.20 |
| Sep 27, 2022 | 8.70 | 7.80 | +0.90 |
| Aug 26, 2022 | 7.70 | 6.20 | +1.50 |
| Jul 27, 2022 | 6.80 | 5.60 | +1.20 |
| Jun 29, 2022 | 5.80 | 5.10 | +0.70 |
| May 27, 2022 | 5.20 | 4.20 | +1.00 |
