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.

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Norway Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
63.30 61.30 64.35 36.90 2004 - 2021 points Monthly
SA


News Stream
Norway Factory Activity Continues to Rise in July
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.
2021-08-02
Norway Factory Activity at 4-Year High
Norway's DNB Manufacturing PMI climbed 2.3 points to 60.8 in June of 2021, following two straight months of declines. It was the fastest expansion in factory activity since July of 2017, amid a strong performance in new orders (+4.8 points to 56.7), mostly driven by domestic orders (+6.0 points), while export orders increased marginally (+0.8 points). At the same time, both production (+1.0 point to 59.5) and employment (+0.1 points to 59.7) increased in June. On a bittersweet note, the suppliers’ delivery times lengthened the most on record (+5.5 points to 83.5) not only on higher activity levels but also due to supplier side issues and transportations hurdles. Additionally, manufacturers mentioned higher inventory levels (+2.8 points to 55.7), which could reflect strategies being taken to manage delivery problems.
2021-07-01
Norway Manufacturing PMI Eases in May
Norway's DNB Manufacturing PMI dropped to 58.5 in May of 2021 from a downwardly revised 58.9 in the previous month, driven by a strong slowdown in the new orders’ index (52.0 from 55.8 in April) both at the domestic (-5.1) and export (-1.5) level. Nevertheless, all the remaining sub-indexes experienced an improvement: production (58.6 from 57.2), employment (59.7 from 59.4), stock of purchased goods (52.1 vs 51.4) and delivery time (76.9 from 74.3), often associated with high activity.
2021-06-01
Norway Manufacturing PMI Drops Slightly in April
Norway's DNB Manufacturing PMI dropped to 59.1 in April of 2021 from an upwardly revised 60.5 in the previous month, but remaining at a historical high level. Four of the five main sub-indexes experienced a decline: new orders (56.5 from 60.1 in March), production (57.3 from 60.9), employment (59.5 from 60.3), and stock of purchased goods (51.3 vs 52.3), usually related with a higher demand. In contrast, there was an increase in the sub-index for suppliers' delivery time (73.5 from 69.3), often associated with high activity, despite not being possible to disentangle the reading from actual delivery inefficiencies.
2021-05-03

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.