Monday, 3 September 2012

M2 Money Supply in Norway up 5.3% in July

Statistics Norway's headline for the latest money supply press release is: "Decrease in money supply growth".

Our take on the money supply figures are slightly different: The M2 money supply figure in Norway continues to increase significantly year on year and was up 5.3% in July compared to the same month last year. Base money (M0) however dropped 19.2%. On a 12 month moving average basis, M0, M1 and M2 increased by 6.1%, 5.2% and 5.8% respectively.


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