Weaker growth in domestic debt

Construction SiteConstruction site. Photo Norway Today Media

 

The twelve-month growth in the credit indicator C2 was 5.2 per cent to end-February, down from 5.3 per cent the previous month.

The general public’s gross domestic debt C2 amounted to NOK 4 944 billion at end-February.

Decreased debt growth for households

Households’ gross domestic debt totalled NOK 2 902 billion at end-February. The twelve-month growth was 6.0 per cent to end-February, marginally down from 6.1 per cent the month before.

Increased debt growth for non-financial corporations

Non-financial corporations’ gross domestic debt amounted to NOK 1 605 billion at end-February. The twelve-month growth was 3.8 per cent to end-February, up from 3.6 per cent the previous month.

Decreased debt growth for municipal government

Municipal government’s gross domestic debt totalled NOK 437 billion at end-February. The twelve-month growth was 5.3 per cent to end-February, down from 6.2 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-February. This amounted to NOK 3 946 billion. The twelve-month growth in banks and mortgage companies’ loans was 5.7 per cent to end-February, a decrease from 5.8 per cent to end-January.

Decreased growth in bond debt

The twelve-month growth rate in bond debt was 1.7 per cent to end-February, down from 3.9 per cent to end-January. The twelve-month growth rate in certificate debt was 22.0 per cent to end-February, up from 15.4 per cent the previous month.

 

Source: SSB / Norway Today

Be the first to comment on "Weaker growth in domestic debt"

Leave a comment

Your email address will not be published.


*