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/en/bank-og-finansmarked/statistikker/k2/maaned
180589
Unchanged debt growth
statistikk
2014-12-01T10:00:00.000Z
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, October 2014

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Unchanged debt growth

The twelve-month growth in the credit indicator C2 was 5.4 per cent to end-October, unchanged compared to end-September.

The general public’s gross domestic debt (C2). Percentage changePublished 1 December 2014
May 2014June 2014July 2014August 2014September 2014October 2014
1Annualised figure
12-month growth, total5.55.35.45.35.45.4
3-month moving average, total15.95.25.15.66.0..
12-month growth, households6.76.56.76.56.46.5
12-month growth, non-financial corporations2.92.72.62.52.72.7

Source: Statistics Norway

Figure 1. Credit indicator (C2)

The general public’s gross domestic debt C2 amounted to NOK 4 585 billion at end-October, up from NOK 4 553 billion at end-September.

Stronger debt growth for households

Households’ gross domestic debt totalled NOK 2 696 billion at end-October, up from NOK 2 676 billion the previous month. The twelve-month growth was 6.5 per cent to end-October, up from 6.4 per cent the previous month.

Unchanged debt growth for non-financial corporations

Non-financial corporations’ gross domestic debt amounted to NOK 1 492 billion at end-October, up from NOK 1 482 billion at end-September. The twelve-month growth was 2.7 per cent to end-October, unchanged from the previous month.

Decreased debt growth for municipal government

Municipal government’s gross domestic debt totalled NOK 397 billion at end-October, marginally up from 396 at end-September. The twelve-month growth was 8.0 per cent to end-October, down from 8.5 per cent the month before.

Unchanged growth in banks and mortgage companies’ loans

Of the general public’s gross domestic debt, 80 per cent consisted of banks and mortgage companies’ loans at end-October. This amounted to NOK 3 654 billion. The twelve-month growth in banks and mortgage companies’ loans was 3.8 per cent to end-October, unchanged from end-September.

Stronger growth in bond debt

The twelve-month growth rate in bond debt was 13.9 per cent to end-October, up from 11.7 per cent to end-September. The twelve-month growth rate in certificate debt was 7.6 per cent to end-October, down from 11.5 per cent the previous month.