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159770
Continued decrease in debt growth
statistikk
2014-06-30T10:00:00.000Z
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, May 2014

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Continued decrease in debt growth

The twelve-month growth in the credit indicator C2 was 5.5 per cent to end-May, down from 5.6 per cent the previous month.

The general public’s gross domestic debt (C2). Percentage changePublished 30 June 2014
December 2013January 2014February 2014March 2014April 2014May 2014
1Annualised figure
12-month growth, total6.05.75.85.75.65.5
3-month moving average, total14.43.94.55.86.1..
12-month growth, households7.06.86.76.96.86.8
12-month growth, non-financial corporations3.83.13.63.23.22.9

Source: Statistics Norway

Figure 1. Credit indicator (C2)

The general public’s gross domestic debt C2 amounted to NOK 4 469 billion at end-May, up from NOK 4 443 billion at end-April.

Unchanged debt growth for households

Households’ gross domestic debt totalled NOK 2 618 billion at end-May, up from NOK 2 602 billion the previous month. The twelve-month growth was 6.8 per cent to end-May, unchanged from the month before.

Declining debt growth for non-financial corporations

Non-financial corporations’ gross domestic debt amounted to NOK 1 463 billion at end-May, up from NOK 1 456 billion at end-April. The twelve-month growth was 2.9 per cent to end-May, a decline from 3.2 per cent growth the previous month.

Decreasing debt growth also for municipal government

Municipal government’s gross domestic debt totalled NOK 387 billion at end-May, up from NOK 385 billion at end-April. The twelve-month growth was 7.2 per cent to end-May, down from 7.5 per cent the previous month.

Unchanged growth in banks and mortgage companies’ loans

Of the general public’s gross domestic debt, 80 per cent consisted of bank and mortgage companies’ loans at end-May. This amounted to NOK 3 577 billion. The twelve-month growth in banks and mortgage companies’ loans was 3.7 per cent to end-May, unchanged from the previous month.

Continued strong growth in the bond market

The twelve-month growth rate in bond debt was 13.8 per cent to end-May, down from 16.5 per cent to end-April. The twelve-month growth rate in certificate debt was 3.4 per cent to end-May, down from 5.1 per cent the previous month.