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.