Norway's DNB Manufacturing PMI went down to 51.8 in January of 2021 from an upwardly revised 52 in the previous month and missing market forecasts of 52.2. Three of the five main sub-indexes remained in contraction territory: new orders (47.3 vs 47.1 in December), production (47.5 vs 49.9); and employment (48.4 vs 51.3). At the same time, the gauge for suppliers' delivery time increased (71.6 vs 67.4), while the inventory sub-index declined (47 vs 50). source: NIMA/DNB Markets
Manufacturing PMI in Norway averaged 52.94 points from 2004 until 2021, reaching an all time high of 64.40 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 February of 2021.
Manufacturing PMI in Norway is expected to be 51.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Norway to stand at 52.50 in 12 months time. In the long-term, the Norway Manufacturing PMI is projected to trend around 53.00 points in 2022, according to our econometric models.