Aug 31, 2007 - Norway's credit indicator C2 increased 14.8% in the twelve months to end-July, unchanged from end-June, the Statistics Norway said Friday.
Household gross domestic debt grew during the period to touch NOK1,664 billion at end-July. The twelve-month growth rate of household debt rose to 12.3% in end-July, up from the 12.0% witnessed for both May and June.
The statistical office noted that this is the first month that the growth rate has increased since last February. However, the growth in household gross debt is still larger than the growth in household money supply, which is at 8.8%.
Friday, August 31, 2007
Norway Credit Indicator Growth Rate Stable At 14.8%
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