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185263
Weaker debt growth
statistikk
2015-01-08T10:00:00.000Z
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, November 2014

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Weaker debt growth

The twelve-month growth in the credit indicator C2 was 5.2 per cent to end-November 2014, down from 5.4 per cent the previous month.

The general public’s gross domestic debt (C2). Percentage changePublished 8 January 2015
June 2014July 2014August 2014September 2014October 2014November 2014
1Annualised figure
12-month growth, total5.35.45.35.45.45.2
3-month moving average, total15.25.15.66.06.0..
12-month growth, households6.56.76.56.46.56.3
12-month growth, non-financial corporations2.72.62.52.72.72.7

Source: Statistics Norway

Figure 1. Credit indicator (C2)

The general public’s gross domestic debt C2 amounted to NOK 4 614 billion at end-November 2014, up from NOK 4 585 billion at end-October.

Weaker debt growth for households

Households’ gross domestic debt totalled NOK 2 709 billion at end-November, up from NOK 2 696 billion the previous month. The twelve-month growth was 6.3 per cent to end-November, down from 6.5 per cent the previous month.

Unchanged debt growth for non-financial corporations

Non-financial corporations’ gross domestic debt amounted to NOK 1 505 billion at end-November, up from NOK 1 492 billion at end-October. The twelve-month growth was 2.7 per cent to end-November, unchanged from the previous month.

Decreased debt growth for municipal government

Municipal government’s gross domestic debt totalled NOK 400 billion at end-November, up from NOK 397 billion at end-October. The twelve-month growth was 7.8 per cent to end-November, down from 8.0 per cent the month before.

Increased 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-November. This amounted to NOK 3 685 billion. The twelve-month growth in banks and mortgage companies’ loans was 4.1 per cent to end-November, an increase from 3.8 per cent to end-October.

Decreased growth in bond debt

The twelve-month growth rate in bond debt was 12.2 per cent to end-November, down from 13.8 per cent to end-October. The twelve-month growth rate in certificate debt was -2.2 per cent to end-November, down from 7.8 per cent the previous month.