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92443
Continued decrease in debt growth
statistikk
2013-03-07T10:00:00.000Z
Banking and financial markets
en
k2, The credit indicator C2, general public’s gross domestic debt, credit expansion, credit transactions, liabilities, creditFinancial indicators, Banking and financial markets
false

The credit indicator C2, January 2013

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Continued decrease in debt growth

The twelve-month growth in the credit indicator C2 was 6.3 per cent to end-January 2013, down from 6.5 per cent the previous month. The fall stems from decreased debt growth in non-financial corporations.

The general public’s gross domestic debt (C2). Percentage changePublished 7 March 2013
August 2012September 2012October 2012November 2012December 2012January 2013
1Annualised figure
12-month growth, total7.26.96.97.16.56.3
3-month moving average, total17.06.86.55.85.4..
12-month growth, households7.17.07.17.27.27.2
12-month growth, non-financial corporations6.76.76.66.55.04.4

Source: Statistics Norway

Credit indicator C2. Percentage change

The general public’s gross domestic debt C2 amounted to NOK 4 112 billion at end-January, up from NOK 4 090 billion the previous month.

Unchanged debt growth for households

Households’ gross domestic debt totalled NOK 2 389 billion at end-January, up from NOK 2 377 billion the previous month. The twelve-month growth was 7.2 per cent to end-January, unchanged compared to the previous month.

Reduced debt growth for non-financial corporations

Non-financial corporations’ gross domestic debt amounted to NOK 1 375 billion at end-January, up from NOK 1 369 billion at end-December. The twelve-month growth was 4.4 per cent to end-January, down from 5.0 per cent the month before.

Unchanged debt growth for municipal government

Municipal government’s gross domestic debt totalled NOK 348 billion at end-January, up from NOK 344 billion the month before. The twelve-month growth was 7.5 per cent to end-January, unchanged compared to the previous month.

Growth rates affected by portfolio shifts

Of the general public’s gross domestic debt, nearly half consisted of bank loans at end-January. This amounted to NOK 1 999 billion. The twelve-month growth in bank loans was 0.9 per cent to end-January, down from 1.0 per cent to end-December. Mortgage companies’ loans amounted to NOK 1 366 billion at end-January, up from NOK 1 364 billion at end-December. The twelve-month growth in mortgage company loans was 11.2 per cent to end-January, down from 11.8 per cent the month before.

The growth rates are affected by transfers of loans from banks to mortgage companies. The growth rate for banks and mortgage companies in total was 4.8 per cent to end-January, down from 5.1 per cent the previous month.

Still high activity in the securities market

The twelve-month growth rate in bond debt was 14.3 per cent to end-January, up from 13.6 per cent to end-December. The twelve-month growth rate in certificate debt was 14.3 per cent to end-January, down from 23.4 per cent the previous month.

Revision of seasonally-adjusted figuresOpen and readClose

The seasonally-adjusted figures were revised in December 2012 with new seasonal components.