Statistics Norway’s monetary aggregates release dated 24 September showed broad money M3 was 5.4% higher in August 2026 than a year earlier. The measure covers money held by sectors including households, non-financial corporations and municipalities.
Household money holdings rose 5.9% year on year, non-financial corporations’ holdings increased 1.8%, and municipalities’ holdings rose 22.8%. These are changes in money stocks, not spending, credit growth or inflation rates.
HABER PAPER / DATA
Behind the numbers
Inspect the source, read the data, make your own analysis.
Indicators
Norway M3 money-stock growth
12-month growth rates for M3 and household etc. monetary-asset stocks in August 2026.
M3 money stock, 12-month growth
5.4 percentData period: 2026-08 · Observed
Households etc. money stock, 12-month growth
5.9 percentData period: 2026-08 · Observed
Source and methodology
Haber Paper source-linked editorial data compilation; underlying sources retain their separate reuse terms.
These are 12-month growth rates of money stocks, not stock amounts, spending or credit flows. SSB adjusts growth calculations for exchange-rate changes and non-transactional breaks; M3 is seasonally adjusted.
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