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.