The DNB Manufacturing PMI in Norway declined to 43.3 in July 2020, from a revised 48.8 in the previous month, pointing to a steeper rate of contraction in the sector. Three of the five main sub-indexes remained in contraction territory: new orders (35.4 vs 44.2 in June), production (41.8 vs 48.5); and employment (45.1 vs 47.2). At the same time, the gauge for suppliers' delivery time suggested slower growth (55.2 vs 58.6), while the inventory sub-index returned to growth (50.6 vs 48.1).

Manufacturing PMI in Norway averaged 52.97 points from 2004 until 2020, reaching an all time high of 64.05 points in November of 2006 and a record low of 36.90 points in February of 2009. 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 - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: NIMA/DNB Markets

Manufacturing PMI in Norway is expected to be 45.00 points 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 points in 2021 and 53.00 points in 2022, according to our econometric models.

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Norway Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
43.30 48.80 64.05 36.90 2004 - 2020 points Monthly
SA


News Stream
Norway Manufacturing PMI Falls in July
The DNB Manufacturing PMI in Norway declined to 43.3 in July 2020, from a revised 48.8 in the previous month, pointing to a steeper rate of contraction in the sector. Three of the five main sub-indexes remained in contraction territory: new orders (35.4 vs 44.2 in June), production (41.8 vs 48.5); and employment (45.1 vs 47.2). At the same time, the gauge for suppliers' delivery time suggested slower growth (55.2 vs 58.6), while the inventory sub-index returned to growth (50.6 vs 48.1).
2020-08-03
Norway Factory Activity Contracts the Least in 4 Months
Norway's DNB Manufacturing PMI increased to 48.9 in June of 2020 from a downwardly revised 44.9 in the previous month. The latest reading pointed to the softest contraction in the current four-month downturn in factory activity, as output (48.8 vs 40.7 in May); new orders (43.9 vs 39.9) and employment (47.5 vs 39.6) shrank less. Meantime, the supplier’s delivery time shortened (59 vs 62) and inventories increase (47.7 vs 44).
2020-07-01
Norway Factory Activity Falls for 3rd Month
Norway's DNB Manufacturing PMI increased to 45.9 in May of 2020 from an upwardly revised 43 in the previous month and compared to market expectations of 46. The latest reading pointed to the third consecutive contraction in factory activity, as output (40.8 vs 36.8 in April); new orders (41 vs 34.7) and employment (40.6 vs 33.9) continued to shrink. Meantime, the supplier’s delivery time (64.9 vs 75.8) and inventories (44.8 vs 47.9) decreased.
2020-06-02
Norway Factory Activity Contracts the Most in Over a Decade
Norway's DNB Manufacturing PMI declined to 41.9 in March 2020 from a downwardly revised 51.6 in the previous month. The latest reading pointed to the sharpest contraction in factory activity since May 2009, amid the coronavirus pandemic and a drop in crude oil prices. Output (36 vs 47.4 in February); new orders (34 vs 52.8); and employment (33.3 vs 50.3) dropped near record lows. Meanwhile, inventories went up into positive territory (50.3 vs 47.8).
2020-04-01

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.