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249133
Weaker growth in domestic debt
statistikk
2016-04-29T10:00:00.000Z
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, March 2016

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Weaker growth in domestic debt

The twelve-month growth in the credit indicator C2 was 4.9 per cent to end-March, down from 5.2 per cent the previous month.

The general public’s gross domestic debt (C2). Percentage changePublished 29 April 2016
October 2015November 2015December 2015January 2016February 2016March 2016
1Annualised figure
12-month growth, total5.55.45.45.35.24.9
3-month moving average, total14.64.54.44.64.8..
12-month growth, households6.26.26.16.16.05.8
12-month growth, non-financial corporations3.73.23.53.63.83.3

Source: Statistics Norway

Figure 1. Credit indicator (C2)

The general public’s gross domestic debt C2 amounted to NOK 4 955 billion at end-March.

Decreased debt growth for households

Households’ gross domestic debt totalled NOK 2 915 billion at end-March. The twelve-month growth was 5.8 per cent to end-March, down from 6.0 per cent the month before.

Decreased debt growth for non-financial corporations

Non-financial corporations’ gross domestic debt amounted to NOK 1 600 billion at end-March. The twelve-month growth was 3.3 per cent to end-March, down from 3.8 per cent the previous month.

Decreased debt growth for municipal government

Municipal government’s gross domestic debt totalled NOK 439 billion at end-March. The twelve-month growth was 5.1 per cent to end-March, down from 5.3 per cent the month before. 

Decreased 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-March. This amounted to NOK 3 960 billion. The twelve-month growth in banks and mortgage companies’ loans was 5.5 per cent to end-March, a decrease from 5.7 per cent to end-February.

Decreased growth in bond debt

The twelve-month growth rate in bond debt was -1.1per cent to end-March, down from 1.7 per cent to end-February. The twelve-month growth rate in certificate debt was 32.7 per cent to end-March, up from 22.0 per cent the previous month.