Norway Manufacturing PMI

The NIMA Manufacturing PMI for Norway rose to 53.8 in August 2019 from an upwardly revised 48.7 in the previous month. The reading pointed to the fastest expansion in manufacturing since May, as new orders (55.6 from 43.5 in July) and output (55.2 from 44.7) recovered. Meanwhile, slower increases were seen in employment (53.6 from 58.4) and suppliers' delivery time (51.3 from 52.8). At the same time, inventories went up at the same pace (51.0). Manufacturing PMI in Norway averaged 53.18 from 2004 until 2019, reaching an all time high of 64.13 in November of 2006 and a record low of 36.84 in February of 2009.

Manufacturing PMI in Norway is expected to be 53.20 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Norway to stand at 54.20 in 12 months time. In the long-term, the Norway Manufacturing PMI is projected to trend around 54.20 in 2020, according to our econometric models.

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Norway Business	Last	Previous	Highest	Lowest	Unit
Business Confidence	5.60	6.80	20.10	-22.90	Index Points	[+]
Manufacturing PMI	53.80	48.70	64.13	36.84		[+]
Industrial Production	-5.70	-8.60	15.40	-13.10	percent	[+]
Industrial Production Mom	0.50	-1.30	12.60	-9.30	percent	[+]
Manufacturing Production	3.80	3.00	8.90	-10.40	percent	[+]
Capacity Utilization	79.30	79.30	85.50	76.20	percent	[+]
Changes in Inventories	26908.00	32011.00	58517.00	-1493.00	NOK Million	[+]
Bankruptcies	305.00	432.00	595.00	43.00	Companies and Individuals	[+]
Car Registrations	13264.00	12808.00	19014.50	4089.00		[+]
Internet Speed	23539.08	23633.20	23633.20	4055.36	KBps	[+]
IP Addresses	2663340.00	2550734.00	3708569.00	1631719.00	IP	[+]
Leading Economic Index	0.70	0.60	1.00	-0.50	percent	[+]
Mining Production	-11.10	-7.20	69.00	-28.20	percent	[+]
Steel Production	20.30	57.83	97.00	0.00	Thousand Tonnes	[+]
Crude Oil Rigs	19.00	19.00	25.00	6.00		[+]
Competitiveness Index	78.16	78.94	78.94	5.14	Points	[+]
Competitiveness Rank	16.00	14.00	17.00	11.00		[+]
Corruption Index	84.00	85.00	91.00	79.00	Points	[+]
Corruption Rank	7.00	3.00	14.00	3.00		[+]
Ease of Doing Business	7.00	8.00	10.00	6.00		[+]
Electricity Production	9790.00	9470.00	16376.00	6653.00	Gigawatt-hour	[+]

Norway Manufacturing PMI

In Norway, the NIMA Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 300 companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This page provides the latest reported value for - Norway Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Norway Manufacturing PMI - actual data, historical chart and calendar of releases - was last updated on September of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	53.80	48.70	64.13	36.84	2004 - 2019		Monthly	SA

Country	Last		Previous	Range
Australia	53.10	Aug/19	51.3	62.5 : 29.47
Brazil	52.50	Aug/19	49.9	53.5 : 41.6
Canada	49.10	Aug/19	50.2	57.1 : 47.5
China	50.40	Aug/19	49.9	52.3 : 47.2
Euro Area	47.00	Aug/19	46.5	60.6 : 33.5
France	51.10	Aug/19	49.7	58.8 : 42.7
Germany	43.50	Aug/19	43.2	63.3 : 32
India	51.40	Aug/19	52.5	55 : 47.9
Indonesia	49.00	Aug/19	49.6	58.5 : 46.4
Italy	48.70	Aug/19	48.5	59 : 47.4
Japan	49.30	Aug/19	49.4	56.2 : 29.6
Mexico	49.00	Aug/19	49.8	57.1 : 49
Netherlands	51.60	Aug/19	50.7	63.4 : 48
Russia	49.10	Aug/19	49.3	54.7 : 47.6
Saudi Arabia	57.00	Aug/19	56.6	61.8 : 51.4
Singapore	49.90	Aug/19	49.8	53.1 : 48.3
South Africa	45.70	Aug/19	52.1	60.87 : 35.09
South Korea	49.00	Aug/19	47.3	52.6 : 45.7
Spain	48.80	Aug/19	48.2	56.1 : 41.1
Switzerland	47.20	Aug/19	44.7	66.9 : 32.8
Turkey	48.00	Aug/19	46.7	55.7 : 42.7
United Kingdom	47.40	Aug/19	48	61.5 : 34.4
United States	50.30	Aug/19	50.4	57.9 : 50.3