The NIMA Manufacturing PMI for Norway rose to 56.1 in November of 2018 from 56 in the previous month. Faster increases were seen in output (57.7 from 55) and inventories (54 from 52.7). Meanwhile, orders (57.4 from 57.8) and employment (53.1 from 54.5) increased at a softer pace. Also, the gauge for suppliers' delivery time declined (61.4 from 62.2). Manufacturing PMI in Norway averaged 53.14 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 54.50 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.