New data from the credit indicator statistics show that the twelve-month growth in the general public’s domestic loan debt was 5.2 per cent to the end of July 2022, up from 5.1 per cent the previous month. The increase is mainly driven by the debt growth of non-financial corporations.
The general public’s domestic loan debt (C2) amounted to NOK 6 848 billion at end-July. The general public include households etc., non-financial enterprises and municipal governments.
Decreased debt growth in households
Households’ domestic loan debt totalled to NOK 4 088 billion at end-July. The twelve-month growth was 4.4 per cent to end-July, down from 4.5 per cent the previous month.
Increased debt growth in non-financial corporations
Non-financial corporations’ domestic loan debt amounted to NOK 2 113 billion at end-July. The twelve-month growth was 7.0 per cent to end-July, up from 6.5 per cent the previous month. Through 2022 we have seen an increase in the debt growth in non-financial corporations. This is caused by growth in several different sectors and industries, primarily in Mainland Norway. Tables with more details on lending to different sectors and industries can be found in the statistics for Banks and mortgage companies.
Increased debt growth in municipal government
Municipal government’s domestic loan debt amounted to NOK 647 billion at end-July. The twelve-month growth was 4.4 per cent to end-July, up from 3.7 per cent the previous month.
Decreased growth in debt securities
The twelve-month growth in the general public’s debt securities was 6.2 per cent to end-July, down from 6.4 per cent the previous month.
Figure 1. Credit indicator (C2). 12-month growth
Line chart with 4 lines.
The chart has 1 X axis displaying Month.
The chart has 1 Y axis displaying Per cent. Data ranges from 3.2 to 8.6.
