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Friday, the Statistics Norway reported that the twelve-month growth in the C2 credit indicator slowed to 6.5% in June from 7.5% in the preceding month.
The C2 credit indicator is an approximate measure of the size of the gross domestic debt of the general public (households, non-financial enterprises and municipalities) in the local and foreign currency.
The household gross domestic debt grew 6.4% year-on-year in June, at the same pace as in the previous month. Moreover, this was the slowest rate of growth since August 1999.
The non-financial enterprises' gross domestic debt rose 5.4% yearly in June, slower than a 8.1% growth in the preceding month. This is the lowest twelve-month growth since February 2005.
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