Norway’s DNB Manufacturing PMI fell to 54.6 in July of 2022 from a downwardly revised 56 in the previous month, pointing to the 23rd consecutive period of growth in the manufacturing sector, albeit the slowest since January of 2021. While the gauge for production decreased by 2.8 points, levels remained robust at 56.9. On the other hand, new orders fell by 2.8 points to 50.4, marginally above the stagnation cut-off and broadly in line with lower demand for manufacturing activity seen in Europe. Also, employment levels dropped marginally to 0.5 points in July, marking the third consecutive month of slower hiring intake. On the price front, the input price index edged 0.2 points higher to 79.4, despite respondents citing lower costs for lumber and metals. source: NIMA/DNB Markets
Manufacturing PMI in Norway averaged 53.42 points from 2004 until 2022, reaching an all time high of 64.06 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 2022.
Manufacturing PMI in Norway is expected to be 55.10 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 53.60 points in 2023 and 53.00 points in 2024, according to our econometric models.