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 July 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.

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Norway Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 54.90 59.90 points May 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
54.90 59.90 64.06 36.90 2004 - 2022 points Monthly
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News Stream
Norway Factory Activity at 16-Month Low
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.
2022-06-01
Norway Factory Activity at Four-Month High
Norway’s DNB Manufacturing PMI rose to 59.6 in March of 2022 from 56.3 in the previous month. The latest reading points to the highest gain in manufacturing activity since November last year, as all the three main sub-indices, production, new orders, and employment, increased. Still, suppliers’ delivery times and input prices rose faster in March.
2022-04-01
Norway Factory Activity at 13-Month Low
Norway’s DNB Manufacturing PMI fell to 55.9 in February of 2022 from 56.3 in the previous month. The latest reading points to the smallest gain in manufacturing activity since January of 2021, driven by a decrease in new orders (52.5 vs 53.3 in January). At the same time, supplier’s delivery time shortened (73.6 vs 76.9) and inventory of purchased goods rose (62 vs 57.3), generally indicating lower activity. In the current situation, it could also reflect disturbances on the supply side and transportation problems. Meanwhile, increases were observed in indices of production (54.5 vs 52.7) and employment (58.1 vs 56.5). On the price front, input prices slowed (78.9 vs 81.4).
2022-03-01