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.