Norway's DNB Manufacturing PMI rose to 60.4 in March of 2021 from an upwardly revised 57.5 in the previous month and expanded at the fastest pace since July of 2017. Three of the five main sub-indexes expanded at a faster pace: new orders (60.3 from 56.6 in February), production (61.1 from 58.7); and employment (60.1 from 54.7). On the contrary, contractions were felt in suppliers' delivery time (68.5 from 71.0), and in the stock of purchased goods (52.3 from 57.7). source: NIMA/DNB Markets

Manufacturing PMI in Norway averaged 53 points from 2004 until 2021, reaching an all time high of 64.40 points in July of 2017 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 April of 2021.

Manufacturing PMI in Norway is expected to be 54.00 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 52.50 in 12 months time. In the long-term, the Norway Manufacturing PMI is projected to trend around 53.00 points in 2022, according to our econometric models.

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Norway Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
60.40 57.50 64.40 36.90 2004 - 2021 points Monthly
SA


News Stream
Norway Factory Activity at Almost 4-Year High
Norway's DNB Manufacturing PMI rose to 60.4 in March of 2021 from an upwardly revised 57.5 in the previous month and expanded at the fastest pace since July of 2017. Three of the five main sub-indexes expanded at a faster pace: new orders (60.3 from 56.6 in February), production (61.1 from 58.7); and employment (60.1 from 54.7). On the contrary, contractions were felt in suppliers' delivery time (68.5 from 71.0), and in the stock of purchased goods (52.3 from 57.7).
2021-04-06
Norway Factory Activity Grows Less Than Expected
Norway's DNB Manufacturing PMI went down to 51.8 in January of 2021 from an upwardly revised 52 in the previous month and missing market forecasts of 52.2. Three of the five main sub-indexes remained in contraction territory: new orders (47.3 vs 47.1 in December), production (47.5 vs 49.9); and employment (48.4 vs 51.3). At the same time, the gauge for suppliers' delivery time increased (71.6 vs 67.4), while the inventory sub-index declined (47 vs 50).
2021-02-01
Norway Manufacturing PMI Little-Changed in December
Norway's DNB Manufacturing PMI stood at 51.9 in December 2020, little-changed from the previous month's revised figure of 52.0 and below market expectations of 52.3. Manufacturing output rose at a slower pace (50.3 vs 52.5 in November), while new orders continued to contract (46.9 vs 48.5). Meanwhile, employment returned to growth (51.7 vs 49.3). There were also increases in gauges for suppliers' delivery time (66.5 vs 61.5) and stock of purchased goods (50.2 vs 47.8).
2021-01-04
Norway Factory Growth Highest in Over a Year
The DNB Manufacturing PMI for Norway rose to 53.4 in October 2020 from an upwardly revised 50.7 in the previous month, well above market expectations of 50.4. The latest reading pointed to the fastest expansion in manufacturing since August 2019.
2020-11-02

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.