Increase in domestic debt growth

Norwegian kroner State BudgetNorwegian kroner. Photo: pixabay.com

The twelve-month growth in the credit indicator C2 was 4.9 per cent to end-June, up from 4.8 per cent the previous month.

The general public’s gross domestic debt C2 amounted to NOK 5 040 billion at end-June.

Increased debt growth for households
Households’ gross domestic debt totalled NOK 2 974 billion at end-June. The twelve-month growth was 5.9 per cent to end-June, up from 5.8 per cent the month before.

Increased debt growth for non-financial corporations
Non-financial corporations’ gross domestic debt amounted to NOK 1 620 billion at end-June. The twelve-month growth was 3.0 per cent to end-June, up from 2.6 per cent the previous month.

Decreased debt growth for municipal government
Municipal government’s gross domestic debt totalled NOK 447 billion at end-June. The twelve-month growth was 5.5 per cent to end-June, down from 5.8 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-June. This amounted to NOK 4 034 billion. The twelve-month growth in banks and mortgage companies’ loans was 5.6 per cent to end-June, an increase from 5.4 per cent to end-May.

Increased growth in bond debt
The twelve-month growth rate in bond debt was -0.9 per cent to end-June, up from -1.7 per cent to end-May. The twelve-month growth rate in certificate debt was 20.8 per cent to end-June, down from 21.4 per cent the previous month.

 

Source: NTB scanpix / Norway Today

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