Decreased domestic debt growth

Published:

The twelve-month growth in the credit indicator C2 was 5.1 per cent to end-April, down from 5.2 per cent the previous month.

Figure 1. Credit indicator (C2)

12-month growth 3-month moving average
Apr. 2014 5.6 6.0
May 2014 5.5 5.8
Jun. 2014 5.3 5.2
Jul. 2014 5.4 5.0
Aug. 2014 5.3 5.3
Sep. 2014 5.4 5.6
Oct. 2014 5.4 5.9
Nov. 2014 5.2 5.5
Dec. 2014 5.4 5.3
Jan. 2015 5.6 5.2
Feb. 2015 5.5 6.0
Mar. 2015 5.8 6.5
Apr. 2015 5.7 7.1
May 2015 5.9 6.4
Jun. 2015 5.8 5.7
Jul. 2015 5.7 4.7
Aug. 2015 5.8 4.6
Sep. 2015 5.5 4.7
Oct. 2015 5.5 4.7
Nov. 2015 5.4 4.6
Dec. 20125 5.4 4.5
Jan. 2016 5.3 4.6
Feb. 2016 5.2 4.9
Mar. 2016 4.9 5.4
Apr. 2016 5.1 5.6
May 2016 4.8 5.6
Jun. 2016 5.0 5.1
Jul. 2016 5.0 4.9
Aug. 2016 5.0 4.9
Sep. 2016 5.1 5.3
Oct. 2016 5.1 5.2
Nov. 2016 5.0 4.6
Dec. 2016 4.9 4.2
Jan. 2017 5.1 4.3
Feb. 2017 5.0 5.4
Mar. 2017 5.2 6.0
Apr. 2017 5.1

The general public’s gross domestic debt C2 amounted to NOK 5 240 billion at end-April.

Decreased debt growth in households

Households’ gross domestic debt totalled NOK 3 125 billion at end-April. The twelve-month growth was 6.5 per cent to end-April, down from 6.7 per cent the month before.

Unchanged debt growth for non-financial corporations

Non-financial corporations’ gross domestic debt amounted to NOK 1 646 billion at end-April. The twelve-month growth was 2.3 per cent to end-April, unchanged from the previous month.

Decreased debt growth for municipal government

Municipal government’s gross domestic debt totalled NOK 469 billion at end-April. The twelve-month growth was 5.6 per cent to end-April, down from 6.1 per cent the month before.

Decreased growth in banks and mortgage companies’ loans

Of the general public’s gross domestic debt, 80 per cent consisted of banks and mortgage companies’ loans at end-April. This amounted to NOK 4 198 billion. The twelve-month growth in banks and mortgage companies’ loans was 5.2 per cent to end-April, down from 5.3 per cent the month before.

Decreased growth in bond debt

The twelve-month growth rate in bond debt was 7.3 per cent to end-April, down from 9.2 per cent to end-March. The twelve-month growth rate in certificate debt was -11.6 per cent to end-April, up from -13.9 per cent the previous month.