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/en/bank-og-finansmarked/statistikker/k2/maaned
169707
Decreased debt growth
statistikk
2014-09-30T10:00:00.000Z
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, August 2014

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Decreased debt growth

The twelve-month growth in the credit indicator C2 was 5.3 per cent to end-August, down from 5.4 per cent the previous month.

The general public’s gross domestic debt (C2). Percentage changePublished 30 September 2014
March 2014April 2014May 2014June 2014July 2014August 2014
1Annualised figure
12-month growth, total5.75.65.55.35.45.3
3-month moving average, total15.86.15.95.15.0..
12-month growth, households6.96.86.76.56.76.5
12-month growth, non-financial corporations3.23.22.92.72.62.4

Source: Statistics Norway

Figure 1. Credit indicator (C2)

The general public’s gross domestic debt C2 amounted to NOK 4 517 billion at end-August, up from NOK 4 510 billion at end-July.

Lower debt growth for households

Households’ gross domestic debt totalled NOK 2 658 billion at end-August, up from NOK 2 646 billion the previous month. The twelve-month growth was 6.5 per cent to end-August, down from 6.7 per cent the month before.

Decreasing debt growth for non-financial corporations

Non-financial corporations’ gross domestic debt amounted to NOK 1 465 billion at end-August, down from NOK 1 474 billion at end-July. The twelve-month growth was 2.4 per cent to end-August, a decrease from 2.6 per cent growth the previous month.

Increased debt growth for municipal government

Municipal government’s gross domestic debt totalled NOK 395 billion at end-August, up from NOK 391 billion at end-July. The twelve-month growth was 8.5 per cent to end-August, up from 7.9 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-August. This amounted to NOK 3 600 billion. The twelve-month growth in banks and mortgage companies’ loans was 3.5 per cent to end-August, down 0.2 percentage points from the previous month.

Increasing growth in bond and certificate debt

The twelve-month growth rate in bond debt was 13.6 per cent to end-August, up from 12.7 per cent to end-July. The twelve-month growth rate in certificate debt was 10.3 per cent to end-August, up from 8.6 per cent the previous month.