Low interest rates boost consumer credit

The market of consumer credits, according to a survey of broker-dealer Meilleurtaux.com. In December 2017, the volume of credits granted in France to private individuals showed an increase of 5.9 % annual rate.

This increase is mainly driven by the redeemable loans (+ 6.2 %) and leasing (+ 33.1 percent), while the outstanding amount of revolving loans decreases. The growth in credit to households in France (+ 6,2 %), however, remains lower than that of the euro area (+ 7.1 per cent), which is led by Spain (+ 16.4 %) and Italy (+ 8.8 per cent).

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