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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
NorwayNorway Credit Indicator fell to 4.3% in July 2026
FMPMonthlyReleased August 2026
Norway Credit Indicator fell to 4.3% in July 2026, released August 2026, down 0.1% from June's 4.4% reading.
Latest Release
4.300000
Actual
—
Consensus
4.400000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| DAX | ▼ Inverse | −0.69 | INDEX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.68 | COMMODITIES | Moves with | → View |
| S&P 500 | ▼ Inverse | −0.53 | INDEX | Moves against | → View |
| Euro STOXX 50 | ▼ Inverse | −0.49 | INDEX | Moves against | → View |
| BTC/USD | ▼ Inverse | −0.38 | CRYPTO | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Credit Indicator (Norway) was reported at 4.3% in August 2026. The reading fell from the previous value of 4.4%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 4.24%, ranging from 3.8% to 4.6% across 11 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 4.4%, down from the prior three at 4.47%. Volatility over the past year (σ 0.27%) is higher than the prior year (σ 0.22%). In August readings over the past 3 years, Credit Indicator has averaged 4.17%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with DAX (Bearish DAX). A secondary relationship exists with XAU/USD, positively correlated (Bullish XAU).
WHAT TO WATCH NEXT
The next release is scheduled for September 24, 2026. Same-country events in the next 14 days include Interest Rate Decision (Sep 24).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Credit Indicator - NO
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About Credit Indicator — Norway
DEFINITION
The Credit Indicator is a key financial measure that tracks the availability and usage of credit within an economy. It provides valuable insights into the overall health of the credit market and can be used to assess the level of risk and potential impact on economic growth. This indicator is closely monitored by financial institutions, policymakers, and investors to make informed decisions and identify potential opportunities or risks in the credit market. By analyzing the Credit Indicator, stakeholders can gain a better understanding of the current credit conditions and make strategic decisions to manage their credit exposure.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual 4.3 %. Prior reading (Jun 2026): 4.4 %. Before that (May 2026): 4.5 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with DAX (Bearish DAX, r=-0.69) — a useful reference for index-focused traders.
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EXPECTED ZONE
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Economic Calendar - NO Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | NO | Balance of Trade | 100.4 | 88.8 | 95.1 | 97.75 | Low |