Norway’s DNB Manufacturing PMI eased to 59.2 in September of 2021 from 61.7 in the previous month and in line with the index’s average this year so far. The figure still reflected a strong pace of growth in Norwegian factory activity although growth was curbed by current supply bottlenecks and increased prices for production inputs. Sub-indexes like new orders (-3.9 points to 53.6), production (-3.5 points to 55.3) and employment (-5.1 points to 57.4) grew at a slower pace, but still remained robust. Also, stocks of purchased goods dropped marginally (-0.6 points to 51.8) and suppliers’ delivery time rose to a new all-time high (+3.5 to 86.5), reflecting ongoing supply chain issues and strong activity levels. source: NIMA/DNB Markets

Manufacturing PMI in Norway averaged 53.22 points from 2004 until 2021, reaching an all time high of 64.35 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 October of 2021.

Manufacturing PMI in Norway is expected to be 59.80 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 54.60 points in 2022 and 53.00 points in 2023, according to our econometric models.

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Norway Manufacturing PMI


News Stream
Norway Manufacturing PMI Eases Further in September
Norway’s DNB Manufacturing PMI eased to 59.2 in September of 2021 from 61.7 in the previous month and in line with the index’s average this year so far. The figure still reflected a strong pace of growth in Norwegian factory activity although growth was curbed by current supply bottlenecks and increased prices for production inputs. Sub-indexes like new orders (-3.9 points to 53.6), production (-3.5 points to 55.3) and employment (-5.1 points to 57.4) grew at a slower pace, but still remained robust. Also, stocks of purchased goods dropped marginally (-0.6 points to 51.8) and suppliers’ delivery time rose to a new all-time high (+3.5 to 86.5), reflecting ongoing supply chain issues and strong activity levels.
2021-10-01
Norway Manufacturing PMI Eases in August
Norway’s DNB Manufacturing PMI eased to 62.2 in August of 2021, after hitting a four-year high of 63.2 in the previous month, weighed down by output (-1.5 points to 59.5) and new orders (-4.5 points to 58.6), both of which have moderated from multi-year highs. Still, upward pressure came from a robust expansion in employment, which rose to its highest value since April of 2007 (1.3 points to 63.2), as well as a drop in stocks of purchased goods (-1.3 points to 52.5), which reflects increased demand. Finally, supply delivery times were near all-time highs (2.3 points to 82.6), reflecting ongoing supply chain issues and strong activity levels.
2021-09-01
Norway Factory Activity Continues to Rise in July
Norway’s DNB Manufacturing PMI climbed 2.0 points to 63.3 in July of 2021, pointing to the fastest expansion in factory activity since July of 2017, due to a strong performance in new orders (+5.2 points to 63.3), mostly driven by export orders (+1.2 points) while domestic orders edged down (-0.1 points). Meantime, both production (+1.4 points to 60.9) and employment (+1.8 points to 61.8) increased in July. On the other hand, the suppliers’ delivery times decreased (-3.0 points to 80.1) from a record high of 83, and inventories also declined (-1.8 points to 53.9). Still, only 45 companies replied in the July survey, which is normal for the Norwegian vacation month but the survey should be interpreted with care.
2021-08-02
Norway Factory Activity at 4-Year High
Norway's DNB Manufacturing PMI climbed 2.3 points to 60.8 in June of 2021, following two straight months of declines. It was the fastest expansion in factory activity since July of 2017, amid a strong performance in new orders (+4.8 points to 56.7), mostly driven by domestic orders (+6.0 points), while export orders increased marginally (+0.8 points). At the same time, both production (+1.0 point to 59.5) and employment (+0.1 points to 59.7) increased in June. On a bittersweet note, the suppliers’ delivery times lengthened the most on record (+5.5 points to 83.5) not only on higher activity levels but also due to supplier side issues and transportations hurdles. Additionally, manufacturers mentioned higher inventory levels (+2.8 points to 55.7), which could reflect strategies being taken to manage delivery problems.
2021-07-01

Norway Last Unit Reference Previous Highest Lowest
Manufacturing PMI 59.20 points Sep/21 61.70 64.35 36.90


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.