Norway's NIMA Manufacturing PMI rose to a seasonally adjusted 58.3 in January 2019 from 55.9 in the previous month, easily beating market expectations of 55.1. This was the highest reading since August boosted by new orders (60.5 vs 57.6 in December), production (61.2 vs 59.3) and employment (56.3 vs 52.4). Meanwhile, softer increases were recorded for suppliers' delivery time (58.2 vs 60.0) and inventory (51.6 vs 57.4). Manufacturing PMI in Norway averaged 53.18 from 2004 until 2019, reaching an all time high of 64.10 in November of 2006 and a record low of 36.90 in February of 2009.

Manufacturing PMI in Norway is expected to be 54.00 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 53.20 in 12 months time. In the long-term, the Norway Manufacturing PMI is projected to trend around 52.50 in 2020, according to our econometric models.

Norway Manufacturing PMI
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Norway Business Last Previous Highest Lowest Unit
Business Confidence 9.00 8.90 20.10 -22.90 Index Points [+]
Manufacturing PMI 58.30 55.90 64.10 36.90 [+]
Industrial Production 1.20 2.60 15.40 -13.10 percent [+]
Industrial Production Mom -1.00 -1.50 12.40 -9.30 percent [+]
Manufacturing Production 2.50 2.80 8.90 -10.40 percent [+]
Capacity Utilization 79.60 79.20 85.50 76.20 percent [+]
Changes in Inventories 33332.00 27060.00 57276.00 3245.00 NOK Million [+]
Bankruptcies 362.00 453.00 595.00 43.00 Companies and Individuals [+]
Car Registrations 11932.00 14184.00 19014.50 4089.00 [+]
Internet Speed 23539.08 23633.20 23633.20 4055.36 KBps [+]
IP Addresses 2663340.00 2550734.00 3708569.00 1631719.00 IP [+]
Leading Economic Index 0.90 0.50 0.90 -0.40 percent [+]
Mining Production -0.90 -1.80 69.00 -28.20 percent [+]
Steel Production 43.44 56.06 97.00 0.00 Thousand Tonnes [+]
Competitiveness Index 78.16 78.94 78.94 5.14 Points [+]
Competitiveness Rank 16.00 14.00 17.00 11.00 [+]
Corruption Index 84.00 85.00 91.00 79.00 Points [+]
Corruption Rank 7.00 3.00 14.00 3.00 [+]
Ease of Doing Business 7.00 8.00 10.00 6.00 [+]
Electricity Production 13666.00 13281.00 16376.00 6653.00 Gigawatt-hour [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
58.30 55.90 64.10 36.90 2004 - 2019 Monthly
SA




Country Last Previous
Australia 52.50 Jan/19
Brazil 52.70 Jan/19
Canada 53.00 Jan/19
China 48.30 Jan/19
Euro Area 50.50 Jan/19
France 51.20 Jan/19
Germany 49.70 Jan/19
India 53.90 Jan/19
Indonesia 49.90 Jan/19
Italy 47.80 Jan/19
Japan 50.30 Jan/19
Mexico 50.90 Jan/19
Netherlands 55.10 Jan/19
Russia 50.90 Feb/19
Saudi Arabia 56.20 Jan/19
Singapore 50.70 Jan/19
South Africa 49.90 Jan/19
South Korea 48.30 Jan/19
Spain 52.40 Jan/19
Switzerland 54.30 Jan/19
Turkey 44.20 Jan/19
United Kingdom 52.80 Jan/19
United States 54.90 Jan/19


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