108317_not-searchable
/en/bank-og-finansmarked/statistikker/k2/maaned
108317
Decreased debt growth
statistikk
2013-09-02T10:00:00.000Z
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, July 2013

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Decreased debt growth

The twelve-month growth in the credit indicator C2 was 6.2 per cent to end-July, down from 6.3 per cent the previous month.

The general public’s gross domestic debt (C2). Percentage changePublished 2 September 2013
February 2013March 2013April 2013May 2013June 2013July 2013
1Annualised figure
12-month growth, total6.36.26.56.46.36.2
3-month moving average, total15.86.77.27.16.4..
12-month growth, households7.27.47.67.37.37.1
12-month growth, non-financial corporations4.23.94.14.34.24.0

Source: Statistics Norway

Figure 1. Credit indicator. Percentage change

The general public’s gross domestic debt C2 amounted to NOK 4 255 billion at end-July, up from NOK 4 250 billion the previous month.

Lower debt growth for households

Households’ gross domestic debt totalled NOK 2 468 billion at end-July, up from NOK 2 460 billion the previous month. The twelve-month growth was 7.1 per cent to end-July, down from 7.3 per cent to end-June.

Decreased debt growth also for non-financial corporations

Non-financial corporations’ gross domestic debt amounted to NOK 1 425 billion at end-July, down from NOK 1 428 billion at end-June. The twelve-month growth was 4.0 per cent to end-July, down from 4.2 per cent the month before.

Increased debt growth for municipal government

Municipal government’s gross domestic debt totalled NOK 362 billion at end-July, nearly unchanged from the month before. The twelve-month growth was 8.3 per cent to end-July, up from 8.1 per cent 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-July. This amounted to NOK 2 050 billion. The twelve-month growth in bank loans was 2.2 per cent to end-July, unchanged from the previous month. Mortgage companies’ loans amounted to NOK 1 403 billion at end-July, down from NOK 1 407 billion at end-June. The twelve-month growth in mortgage company loans was 6.7 per cent to end-July, down from 7.1 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 4.0 per cent to end-July, down from 4.2 per cent to end-June.

High activity in the bond market

The twelve-month growth rate in bond debt was 31.9 per cent to end-July, down from 33.1 per cent to end-June. The twelve-month growth rate in certificate debt was -2.3 per cent to end-July, down from -2.0 per cent the previous month.