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.