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/en/bank-og-finansmarked/statistikker/k2/maaned
166022
Unchanged debt growth
statistikk
2014-09-01T10:00:00.000Z
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 2014

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Unchanged debt growth

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

The general public’s gross domestic debt (C2). Percentage changePublished 1 September 2014
February 2014March 2014April 2014May 2014June 2014July 2014
1Annualised figure
12-month growth, total5.85.75.65.55.45.4
3-month moving average, total14.55.86.16.05.2..
12-month growth, households6.76.96.86.76.56.7
12-month growth, non-financial corporations3.63.23.22.82.92.5

Source: Statistics Norway

Figure 1. Credit indicator (C2)

The general public’s gross domestic debt C2 amounted to NOK 4 510 billion at end-July, up from NOK 4 500 billion at end-June.

Stronger debt growth for households

Households’ gross domestic debt totalled NOK 2 646 billion at end-July, up from NOK 2 633 billion the previous month. The twelve-month growth was 6.7 per cent to end-July, up from 6.5 per cent the month before.

Decreasing debt growth for non-financial corporations

Non-financial corporations’ gross domestic debt amounted to NOK 1 473 billion at end-July, down from NOK 1 478 billion at end-June. The twelve-month growth was 2.5 per cent to end-July, a decrease from 2.9 per cent growth the previous month.

Moderate debt growth for municipal government

Municipal government’s gross domestic debt totalled NOK 391 billion at end-July, marginally up from NOK 390 billion at end-June. The twelve-month growth was 7.9 per cent to end-July, up from 7.8 per cent the month before.

Weaker 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-July. This amounted to NOK 3 604 billion. The twelve-month growth in banks and mortgage companies’ loans was 3.7 per cent to end-July, down 0.1 percentage points from the previous month.

Increasing growth in bond and certificate debt

The twelve-month growth rate in bond debt was 12.8 per cent to end-July, up from 11.9 per cent to end-June. The twelve-month growth rate in certificate debt was 8.3 per cent to end-July, up from 6.8 per cent the previous month.