FX.co ★ Norway’s Credit Growth Edges Up to 4.5% in August, Extending Year‑on‑Year Acceleration

Norway’s credit indicator ticked higher in August 2026, with year‑on‑year growth rising to 4.5%, up from 4.3% recorded in July 2026. The figures, updated on 24 September 2026, suggest a modest acceleration in credit expansion compared with the same month a year earlier.

The August reading continues the upward trend seen in July, when the indicator also showed an increase on a year‑over‑year basis. Under the comparison methodology used, both the current and previous indicators measure the change in credit for the respective month against the corresponding month of the prior year, highlighting a steady strengthening in credit dynamics through mid‑2026.