160704_not-searchable
/en/bank-og-finansmarked/statistikker/k2/maaned
160704
Weak decline in debt growth
statistikk
2014-08-08T10:00:00.000Z
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, June 2014

Content

Published:

This is an archived release.

Go to latest release

Weak decline in debt growth

The twelve-month growth in the credit indicator C2 was 5.4 per cent to end-June, down from 5.5 per cent the previous month.

The general public’s gross domestic debt (C2). Percentage changePublished 8 August 2014
January 2014February 2014March 2014April 2014May 2014June 2014
1Annualised figure
12-month growth, total5.75.85.75.65.55.4
3-month moving average, total13.94.55.86.16.0..
12-month growth, households6.86.76.96.86.76.5
12-month growth, non-financial corporations3.13.63.23.22.82.9

Source: Statistics Norway

Figure 1. Credit indicator (C2)

The general public’s gross domestic debt C2 amounted to NOK 4 500 billion at end-June, up from NOK 4 469 billion at end-May.

Decreasing debt growth for households

Households’ gross domestic debt totalled NOK 2 633 billion at end-June, up from NOK 2 618 billion the previous month. The twelve-month growth was 6.5 per cent to end-June, down from 6.7 per cent the month before.

Moderate debt growth for non-financial corporations

Non-financial corporations’ gross domestic debt amounted to NOK 1 478 billion at end-June, up from NOK 1 463 billion at end-May. The twelve-month growth was 2.9 per cent to end-June, an increase from 2.8 per cent growth the previous month.

Increasing debt growth for municipal government

Municipal government’s gross domestic debt totalled NOK 390 billion at end-June, up from NOK 388 billion at end-May. The twelve-month growth was 7.8 per cent to end-June, down from 7.4 per cent the month before.

Increasing 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-June. This amounted to NOK 3 603 billion. The twelve-month growth in banks and mortgage companies’ loans was 3.8 per cent to end-June, up 0.1 percentage points from the previous month.

Declining growth in the bond market

The twelve-month growth rate in bond debt was 11.9 per cent to end-June, down from 13.7 per cent to end-May. The twelve-month growth rate in certificate debt was 6.4 per cent to end-June, up from 3.8 per cent the previous month.