# Euro-area private deposit growth | PIER20 benchmarks

Are household and corporate deposits growing at the same pace?

Euro-area private deposit growth tracks household and NFC deposit growth. It uses monthly data.

The latest data is from **June 2026**. The Household deposits YoY reading is **4.78%**. The NFC deposits YoY reading is **5.36%**. The Deposit growth gap reading is **-0.57 pp**. The Household deposits YoY line is down 0.6 pp over the past year. It is below its long-run median of 7.37%.

## Summary statistics (full history)

| Series | First | Latest | Min | Max |
|---|---|---|---|---|
| Household deposits YoY | 9.35 | 4.78 | -8.32 | 19.60 |
| NFC deposits YoY | 7.72 | 5.36 | -15.51 | 22.81 |
| Deposit growth gap | 1.64 | -0.57 | -10.15 | 9.66 |

## Last 24 readings

| Date | Household deposits YoY | NFC deposits YoY | Deposit growth gap |
|---|---|---|---|
| Jun 2024 | -4.76 | -3.44 | -1.32 |
| Jul 2024 | -4.11 | -2.78 | -1.33 |
| Aug 2024 | -2.79 | -2.07 | -0.71 |
| Sep 2024 | -2.00 | -1.05 | -0.95 |
| Oct 2024 | -0.51 | 0.46 | -0.97 |
| Nov 2024 | 0.82 | 1.71 | -0.89 |
| Dec 2024 | 1.62 | 3.14 | -1.52 |
| Jan 2025 | 2.45 | 3.57 | -1.11 |
| Mar 2025 | 4.02 | 4.13 | -0.12 |
| Apr 2025 | 4.52 | 4.16 | 0.35 |
| May 2025 | 5.25 | 4.52 | 0.73 |
| Jun 2025 | 5.41 | 3.84 | 1.57 |
| Jul 2025 | 5.92 | 4.69 | 1.23 |
| Aug 2025 | 5.48 | 4.99 | 0.49 |
| Sep 2025 | 5.91 | 5.24 | 0.67 |
| Oct 2025 | 5.70 | 5.34 | 0.36 |
| Nov 2025 | 5.63 | 4.88 | 0.75 |
| Dec 2025 | 5.46 | 3.88 | 1.59 |
| Jan 2026 | 6.39 | 5.37 | 1.01 |
| Feb 2026 | 6.14 | 5.39 | 0.76 |
| Mar 2026 | 5.97 | 5.89 | 0.07 |
| Apr 2026 | 5.82 | 5.06 | 0.76 |
| May 2026 | 5.23 | 4.97 | 0.26 |
| Jun 2026 | 4.78 | 5.36 | -0.57 |

## How to read this benchmark

**How to read it.** The gap equals household deposit growth minus company deposit growth. A positive gap means household deposits grow faster.

## How this benchmark is used

**Why traders watch it.** Traders use this benchmark to compare deposit growth from households and companies.

## Frequently asked questions

**What is the latest reading for Euro-area private deposit growth?**

The latest data is from June 2026. The Household deposits YoY reading is 4.78%. The NFC deposits YoY reading is 5.36%. The Deposit growth gap reading is -0.57 pp. The Household deposits YoY line is down 0.6 pp over the past year. It is below its long-run median of 7.37%.

**How often does this benchmark update?**

The source publishes monthly data. PIER20 updates the page after each new observation. The chart shows the data date and fetch date.

**What data sources does this chart use?**

The European Central Bank Data Portal publishes the data. The methodology section lists each source series.

**Where does the data come from?**

The European Central Bank (ECB) publishes the source data. The source table lists each series and its exact link.

## Methodology

- Formula: Household and NFC deposit growth
- Frequency: Monthly
- Sources: Household deposits YoY (household-deposits-yoy) https://data-api.ecb.europa.eu/service/data/BSI/M.U2.Y.V.L21.A.1.U2.2250.Z01.E; NFC deposits YoY (nfc-deposits-yoy) https://data-api.ecb.europa.eu/service/data/BSI/M.U2.Y.V.L21.A.1.U2.2240.Z01.E; Deposit growth gap (deposit-gap) https://data-api.ecb.europa.eu/service/data/BSI/M.U2.Y.V.L21.A.1.U2.2250.Z01.E. Data via the European Central Bank Data Portal.
- Data through: June 2026
- Last refreshed: 11 Aug 2026

Full interactive chart: https://pier20.com/benchmarks/euro-area-private-deposit-growth
Disclaimer: research software output, not investment advice.