Norway's DNB Manufacturing PMI rose to a nine-month high of 55.5 in December 2019 from an upwardly revised 53.8 in the previous month, boosted by faster increases in production (56.0 vs 53.3 in November), new orders (56.4 vs 55.4) and employment (57.8 vs 56.9). In addition, there was a rebound in inventories (52.2 vs 46.0) while suppliers' delivery time eased (50.5 vs 54.6). Manufacturing PMI in Norway averaged 52.56 points from 2004 until 2019, reaching an all time high of 61.70 points in November of 2006 and a record low of 37.10 points in February of 2009. source: NIMA/DNB Markets

Manufacturing PMI in Norway is expected to be 53.80 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 53.80 in 12 months time. In the long-term, the Norway Manufacturing PMI is projected to trend around 54.20 points in 2020, according to our econometric models.

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Norway Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
55.50 53.80 61.70 37.10 2004 - 2019 points Monthly
SA


News Stream
2019-12-02
Norway Manufacturing Growth Slows Less than Expected
Norway's DNB Manufacturing PMI dropped to 53.7 in November 2019 from a revised 55.3 in the previous month, but above market expectations of 50.2. Growth slowed for production (53.0 vs 59.0) and employment (56.8 vs 58.1) while inventories fell (46.4 vs 51.0). Still, new orders increased at a faster rate (55.2 vs 52.1), as well as suppliers' delivery time (54.1 vs 52.9).

2019-11-01
Norway Manufacturing PMI Climbs to 5-Month High
The DNB Manufacturing PMI in Norway jumped to a five-month high of 54.9 in October 2019 from a revised 51.8 in the previous month and well above market expectations of 50.2. Increases were seen in new orders (51.6 vs 49.0 in September), production (58.3 vs 52.6), employment (58.0 vs 55.8), and suppliers' delivery time (52.6 vs 48.7). Meanwhile, the gauge for inventory fell to 51.5 from 55.0 in September.

2019-10-01
Norway Manufacturing PMI Falls in September
The NIMA Manufacturing PMI for Norway declined to 50.4 in September 2019 from an upwardly revised 53.9 in August and missing market expectations of 53.5, as new orders fell sharply (48.7 from 56.2 in August) and output growth slowed significantly (51.4 from 54.9). Meanwhile, inventories (55.1 from 51.2) and employment (55.6 from 53.9) rose faster.

2019-09-02
Norway Factory Activity Rebounds in August
The NIMA Manufacturing PMI for Norway rose to 53.8 in August 2019 from an upwardly revised 48.7 in the previous month. The reading pointed to the fastest expansion in manufacturing since May, as new orders (55.6 from 43.5 in July) and output (55.2 from 44.7) recovered. Meanwhile, slower increases were seen in employment (53.6 from 58.4) and suppliers' delivery time (51.3 from 52.8). At the same time, inventories went up at the same pace (51.0).

2019-08-01
Norway Factory Activity Falls for 1st Time in a Year
The NIMA Manufacturing PMI for Norway decreased to 48.4 in July 2019 from a downwardly revised 51.4 in the previous month and well below market expectations of 54.5. The reading pointed to the first contraction in the manufacturing sector since July of 2018 and the lowest reading in nearly three years, with new orders (43.2 vs 50.3 in June) and output (44.0 vs 53.5) contracting. On the other hand, faster increases were seen in employment (57.9 vs 51.3) while the gauge for suppliers' delivery time went up (53.1 vs 51.9).

2019-07-01
Norway Manufacturing Growth Slows to 11-Month Low
The NIMA/DNB Manufacturing PMI in Norway fell to 51.9 in June 2019 from a downwardly revised 54.1 in the previous month and well below market expectations of 54.5. The latest reading pointed to the weakest pace of expansion in the manufacturing sector since a contraction was recorded in July 2018, as majority of sub-indexes declined: new orders (51.3 vs 56.7 in May); production (54.8 vs 59.2); employment (51.1 vs 52.4); and inventory (51.6 vs 57.2). Meanwhile, suppliers' delivery time sub-index rose to 51.7 in June from 50.4 in the previous month.


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.

Norway Business Last Previous Highest Lowest Unit
Business Confidence 0.70 2.30 20.10 -22.90 points [+]
Manufacturing PMI 55.50 53.80 61.70 37.10 points [+]
Industrial Production -0.90 -5.70 15.40 -13.10 percent [+]
Industrial Production Mom 3.70 3.10 12.30 -9.30 percent [+]
Manufacturing Production 1.00 1.90 8.90 -10.40 percent [+]
Capacity Utilization 79.40 79.30 85.50 76.20 percent [+]
Changes in Inventories 24330.00 27789.00 58517.00 -1493.00 NOK Million [+]
Bankruptcies 438.00 490.00 595.00 43.00 Companies and Individuals [+]
Car Registrations 12013.00 11402.00 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 0.30 0.40 1.10 -0.50 percent [+]
Mining Production 4.50 -2.90 69.00 -28.20 percent [+]
Steel Production 52.59 62.71 97.00 0.00 Thousand Tonnes [+]
Crude Oil Rigs 17.00 18.00 25.00 6.00 [+]
Competitiveness Index 78.05 78.16 78.94 5.14 Points [+]
Competitiveness Rank 17.00 16.00 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 9.00 7.00 10.00 6.00 [+]
Electricity Production 11526.00 10949.00 16376.00 6653.00 Gigawatt-hour [+]