The credit indicator (C2) grew by 14.8 per cent in the twelve months to end-November, up from 14.6 per cent to end-October. Growth in the three-month moving average for C2 was 15.2 per cent at end-October, down from 15.8 per cent at end-September. C2 is an approximate measure of the size of the gross domestic debt of the public (households, non-financial enterprises and municipalities) in NOK and foreign exchange. Twelve-month growth in credit to households was 12.9 per cent to end-November, up from 12.8 per cent to end-October. Credit to non-financial enterprises increased by 21.0 per cent in the twelve months to end-November, up from 20.6 per cent in the twelve months to the end of the previous month.

The money supply grew by 13.1 per cent in the twelve months to end-November, up from 12.3 per cent at the end of October. The money supply consists of notes and coins, unrestricted bank deposits, certificates of deposit and units in money market funds owned by households, non-financial enterprises, municipalities and financial enterprises other than state lending institutions, banks and money market funds. Twelve-month growth in the household money supply was 6.5 per cent up to end-November, unchanged from end-October. The money supply of non-financial enterprises rose by 32.8 per cent to end-November, which was also unchanged from the previous month.

Statistics Norway will assume responsibility for these statistics from 1 January 2007 and they will be published on www.ssb.no.