Norway’s DNB Manufacturing PMI climbed 2.0 points to 63.3 in July of 2021, pointing to the fastest expansion in factory activity since July of 2017, due to a strong performance in new orders (+5.2 points to 63.3), mostly driven by export orders (+1.2 points) while domestic orders edged down (-0.1 points). Meantime, both production (+1.4 points to 60.9) and employment (+1.8 points to 61.8) increased in July. On the other hand, the suppliers’ delivery times decreased (-3.0 points to 80.1) from a record high of 83, and inventories also declined (-1.8 points to 53.9). Still, only 45 companies replied in the July survey, which is normal for the Norwegian vacation month but the survey should be interpreted with care. source: NIMA/DNB Markets
Manufacturing PMI in Norway averaged 53.15 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 August of 2021.
Manufacturing PMI in Norway is expected to be 53.60 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 53.00 points in 2022, according to our econometric models.