Norway’s DNB Manufacturing PMI fell sharply to 54.9 in May of 2022 from 59.9 in the previous month. The latest reading points to the smallest gain in manufacturing activity since January of 2021, as three of the major subindices, new orders (52.2 vs 58.5), production (50 vs 58.4) and employment (57.3 vs 60.6) fell markedly below their long-term average levels. At the same time, supplier’s delivery time declined (75.2 vs 76.5) while inventories of purchased goods rose (59.6 vs 58.6), both generally indicating lower activity. However, in the current situation, lower delivery times could reflect supply-chain disruptions and transportation problems and higher inventories could imply suppliers’ hoarding tendency to secure supplies. Meanwhile, input prices eased (79.1 vs 85.7) amid falling costs of metals and LPG. source: NIMA/DNB Markets
Manufacturing PMI in Norway averaged 53.40 points from 2004 until 2022, reaching an all time high of 64.06 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 June of 2022.
Manufacturing PMI in Norway is expected to be 56.20 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Manufacturing PMI is projected to trend around 53.60 points in 2023 and 53.00 points in 2024, according to our econometric models.