The NIMA Manufacturing PMI for Norway decreased to 55.9 in December 2018 from an upwardly revised 56.2 in the previous month. It was the lowest reading since September, as job creation weakened (51.8 from 53.0 in November). On the other hand, faster increases were seen in new orders (58.3 from 57.5), output (59.3 from 58.4) and inventories (57.8 from 54.4). Meantime, the gauge for suppliers' delivery time went down (60.3 from 61.4). Manufacturing PMI in Norway averaged 53.15 from 2004 until 2018, reaching an all time high of 64.10 in November of 2006 and a record low of 36.90 in February of 2009.

Manufacturing PMI in Norway is expected to be 54.00 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 53.20 in 12 months time. In the long-term, the Norway Manufacturing PMI is projected to trend around 52.50 in 2020, according to our econometric models.

Norway Manufacturing PMI
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Norway Business Last Previous Highest Lowest Unit
Business Confidence 8.90 8.90 20.10 -22.90 Index Points [+]
Manufacturing PMI 55.90 56.20 64.10 36.90 [+]
Industrial Production 2.60 4.50 15.40 -13.10 percent [+]
Industrial Production Mom -1.50 2.30 12.40 -9.30 percent [+]
Manufacturing Production 2.80 3.00 8.90 -10.40 percent [+]
Capacity Utilization 79.20 78.90 85.50 76.20 percent [+]
Changes in Inventories 29903.00 30104.00 57276.00 3245.00 NOK Million [+]
Bankruptcies 453.00 457.00 595.00 43.00 Companies and Individuals [+]
Car Registrations 14184.00 14095.00 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 0.60 0.30 0.90 -0.40 percent [+]
Mining Production -1.60 8.60 69.00 -28.20 percent [+]
Steel Production 56.06 55.00 97.00 0.00 Thousand Tonnes [+]
Competitiveness Index 78.16 78.94 78.94 5.14 Points [+]
Competitiveness Rank 16.00 14.00 17.00 11.00 [+]
Corruption Index 85.00 85.00 91.00 79.00 Points [+]
Corruption Rank 3.00 6.00 14.00 3.00 [+]
Ease of Doing Business 7.00 8.00 10.00 6.00 [+]
Electricity Production 13666.00 13281.00 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
55.90 56.20 64.10 36.90 2004 - 2018 Monthly
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Country Last Previous
Australia 49.50 Dec/18
Brazil 52.60 Dec/18
Canada 53.60 Dec/18
China 49.70 Dec/18
Euro Area 51.40 Dec/18
France 49.70 Dec/18
Germany 51.50 Dec/18
India 53.20 Dec/18
Indonesia 51.20 Dec/18
Italy 49.20 Dec/18
Japan 52.60 Dec/18
Mexico 49.70 Dec/18
Netherlands 57.20 Dec/18
Russia 51.70 Dec/18
Saudi Arabia 54.50 Dec/18
Singapore 51.10 Dec/18
South Africa 50.70 Dec/18
South Korea 49.80 Dec/18
Spain 51.10 Dec/18
Switzerland 57.80 Dec/18
Turkey 44.20 Dec/18
United Kingdom 54.20 Dec/18
United States 53.80 Dec/18


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