Norway's NIMA/DNB Manufacturing PMI rose to 56.8 in March 2019 from 56.3 in the previous month, beating market forecasts of 55.3. Growth was stronger for both production (59.4 from 57.1 in February) and new orders (57.5 from 56.7). Meantime, the rate of job creation remained steady (at 57.8). On the other hand, decreases were seen in suppliers' delivery time (55.5 from 58.2) and inventories (51.6 from 52.6). Manufacturing PMI in Norway averaged 53.20 from 2004 until 2019, reaching an all time high of 64.10 in November of 2006 and a record low of 36.80 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 54.00 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 9.00 8.90 20.10 -22.90 Index Points [+]
Manufacturing PMI 56.80 56.30 64.10 36.80 [+]
Industrial Production -5.70 -3.40 15.40 -13.10 percent [+]
Industrial Production Mom -1.80 -2.20 12.70 -9.30 percent [+]
Manufacturing Production 3.10 4.00 8.90 -10.40 percent [+]
Capacity Utilization 79.60 79.20 85.50 76.20 percent [+]
Changes in Inventories 33332.00 27060.00 57276.00 3245.00 NOK Million [+]
Bankruptcies 410.00 424.00 595.00 43.00 Companies and Individuals [+]
Car Registrations 17227.00 14042.00 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 0.80 0.90 0.90 -0.40 percent [+]
Mining Production 21.20 -8.50 69.00 -28.20 percent [+]
Steel Production 55.00 59.78 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 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 11745.00 14707.00 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
56.80 56.30 64.10 36.80 2004 - 2019 Monthly
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Country Last Previous
Australia 51.00 Mar/19
Brazil 52.80 Mar/19
Canada 50.50 Mar/19
China 50.80 Mar/19
Euro Area 47.80 Apr/19
France 49.60 Apr/19
Germany 44.50 Apr/19
India 52.60 Mar/19
Indonesia 51.20 Mar/19
Italy 47.40 Mar/19
Japan 49.50 Apr/19
Mexico 49.80 Mar/19
Netherlands 52.50 Mar/19
Russia 52.80 Mar/19
Saudi Arabia 56.80 Mar/19
Singapore 50.80 Mar/19
South Africa 45.00 Mar/19
South Korea 48.80 Mar/19
Spain 50.90 Mar/19
Switzerland 50.30 Mar/19
Turkey 47.20 Mar/19
United Kingdom 55.10 Mar/19
United States 52.40 Apr/19


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