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131934
Decreasing debt growth
statistikk
2014-01-09T10:00:00.000Z
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, November 2013

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Decreasing debt growth

The twelve-month growth in the credit indicator C2 was 6.0 per cent to end-November 2013, down from 6.2 per cent the previous month.

The general public’s gross domestic debt (C2). Percentage changePublished 9 January 2014
June 2013July 2013August 2013September 2013October 2013November 2013
1Annualised figure
12-month growth, total6.36.26.26.36.26.0
3-month moving average, total16.56.26.16.36.1..
12-month growth, households7.37.17.27.27.27.0
12-month growth, non-financial corporations4.24.13.94.23.93.8

Source: Statistics Norway

Figure 1. Credit indicator C2. Percentage change

The general public’s gross domestic debt C2 amounted to NOK 4 355 billion at end-November, up from NOK 4 323 billion the previous month.

Decreased debt growth for households

Households’ gross domestic debt totalled NOK 2 537 billion at end-November, up from NOK 2 520 billion the previous month. The twelve-month growth was 7.0 per cent to end-November, down from 7.2 per cent to end-October.

Moderate fall in debt growth for non-financial corporations

Non-financial corporations’ gross domestic debt amounted to NOK 1 450 billion at end-November, up from NOK 1 437 billion at end-October. The twelve-month growth was 3.8 per cent to end-November, marginally down from 3.9 per cent the month before.

Decreased debt growth for municipal government

Municipal government’s gross domestic debt totalled NOK 369 billion at end-November, up from NOK 367 billion at end-October. The twelve-month growth was 7.4 per cent to end-November, down from 8.6 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-November. This amounted to NOK 2 083 billion. The twelve-month growth in bank loans was 2.7 per cent to end-November, down from 2.9 per cent the previous month. Mortgage companies’ loans amounted to NOK 1 433 billion at end-November, up from NOK 1 423 billion at end-October. The twelve-month growth in mortgage company loans was 5.9 per cent to end-November, up from 5.5 per cent the previous month.

The growth rates are still affected by transfers of loans between banks and mortgage companies. The growth rate for loans from banks and mortgage companies in total was 4.0 per cent to end-November, unchanged compared to end-October.

Continued high activity in the bond market

The twelve-month growth rate in bond debt was 25.8 per cent to end-November, down from 29.2 per cent to end-October. The twelve-month growth rate in certificate debt was -15.0 per cent to end-November, down from -8.5 per cent the previous month.