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.

Norway Manufacturing PMI
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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
Australia 53.10 Aug/19
Brazil 52.50 Aug/19
Canada 49.10 Aug/19
China 50.40 Aug/19
Euro Area 47.00 Aug/19
France 51.10 Aug/19
Germany 43.50 Aug/19
India 51.40 Aug/19
Indonesia 49.00 Aug/19
Italy 48.70 Aug/19
Japan 49.30 Aug/19
Mexico 49.00 Aug/19
Netherlands 51.60 Aug/19
Russia 49.10 Aug/19
Saudi Arabia 57.00 Aug/19
Singapore 49.90 Aug/19
South Africa 45.70 Aug/19
South Korea 49.00 Aug/19
Spain 48.80 Aug/19
Switzerland 47.20 Aug/19
Turkey 48.00 Aug/19
United Kingdom 47.40 Aug/19
United States 50.30 Aug/19


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