Households’ net lending increased with NOK 21 billion to NOK 49 billion over the last four-quarter period to the second quarter of 2023, and debt growth fell from 3.4 per cent to 3.0 per cent. Higher interest rates is the main explanation for the decrease in debt growth.

Revisions in households financial accounts

Households net lending in 2022 are revised down with NOK 29 billion in the last released financial accounts for the 2nd quarter of 2023. The revision is mainly explained by the transactions in insurance and pension entitlements which were adjusted down with NOK 24 billion, due to recently released annual accounts statistics for pension funds and life insurance companies. The financial accounts for 2022 must still be considered as preliminary statistics and future revisions may occur.