Norway’s DNB Manufacturing PMI fell to 54.6 in July of 2022 from a downwardly revised 56 in the previous month, pointing to the 23rd consecutive period of growth in the manufacturing sector, albeit the slowest since January of 2021. While the gauge for production decreased by 2.8 points, levels remained robust at 56.9. On the other hand, new orders fell by 2.8 points to 50.4, marginally above the stagnation cut-off and broadly in line with lower demand for manufacturing activity seen in Europe. Also, employment levels dropped marginally to 0.5 points in July, marking the third consecutive month of slower hiring intake. On the price front, the input price index edged 0.2 points higher to 79.4, despite respondents citing lower costs for lumber and metals. source: NIMA/DNB Markets

Manufacturing PMI in Norway averaged 53.42 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 August of 2022.

Manufacturing PMI in Norway is expected to be 55.10 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 54.60 56.00 points Jul 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
54.60 56.00 64.06 36.90 2004 - 2022 points Monthly
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News Stream
Norway Manufacturing Activity at 18-Month Low
Norway’s DNB Manufacturing PMI fell to 54.6 in July of 2022 from a downwardly revised 56 in the previous month, pointing to the 23rd consecutive period of growth in the manufacturing sector, albeit the slowest since January of 2021. While the gauge for production decreased by 2.8 points, levels remained robust at 56.9. On the other hand, new orders fell by 2.8 points to 50.4, marginally above the stagnation cut-off and broadly in line with lower demand for manufacturing activity seen in Europe. Also, employment levels dropped marginally to 0.5 points in July, marking the third consecutive month of slower hiring intake. On the price front, the input price index edged 0.2 points higher to 79.4, despite respondents citing lower costs for lumber and metals.
2022-08-08
Norway Factory Activity Rebounds in June
Norway’s DNB Manufacturing PMI rose to 56.4 in June of 2022 from a downwardly revised 54.7 in the previous month, pointing to the 22nd consecutive period of growth in the manufacturing sector. Despite lower demand seen throughout most of Europe during the month, new orders rose by 2 points to 54.1, supported by positive trends in both the domestic and foreign markets. At the same time, production jumped by 7.7 points to 57.6. On the other hand, suppliers’ delivery time fell by 6.3 points to 67.9, representing lower activity in manufacturing as supply-chain bottlenecks remain. Still, the input price index fell by 0.3 points to 78.9, remaining at high levels despite halting the upward trend.
2022-07-01
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