Norway’s credit indicator rose to 4.4% in December 2025, up from 3.9% in November 2025, signaling an acceleration in year-over-year credit growth. The data, updated on 29 January 2026, show that borrowing activity strengthened toward the end of the year.
Both the current and previous readings are measured as year-over-year changes, comparing each month’s credit growth to the same month a year earlier. The December figure thus reflects a faster expansion in credit than in November, suggesting increased demand for financing across the Norwegian economy as the year closed.
