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Monday, the Statistics Norway announced that the C2 credit indicator rose 5.1% year-on-year in October, but slower than a 5.5% increase in September. Economists expected a 5.3% growth.
Household gross domestic debt rose 6.7% year-on-year in October compared to a 6.4% growth in the previous month. At the same time, the gross domestic debt of financial enterprises grew 1% compared to a 2.4% growth in the previous month.
The C2 credit indicator is an approximate measure of the size of the gross domestic debt of the general public, including households, non-financial enterprises and municipalities, in local and foreign currency.
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