Norway's NIMA/DNB Manufacturing PMI rose to 54.4 in May 2019 from a revised 54 in the previous month, as growth accelerated for output (59.6 vs 56.5 in April) and new orders (57.3 vs 54.3). In addition, inventories increased at faster pace (57.5 vs 55.5) and the pace of job creation was unchanged (at 52.6). On the other hand, suppliers' delivery time eased sharply (50.3 vs 57.5). Manufacturing PMI in Norway averaged 53.21 from 2004 until 2019, reaching an all time high of 64.06 in November of 2006 and a record low of 36.90 in February of 2009.

Manufacturing PMI in Norway is expected to be 54.00 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 54.00 in 12 months time. In the long-term, the Norway Manufacturing PMI is projected to trend around 54.20 in 2020, according to our econometric models.

Norway Manufacturing PMI
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Norway Business Last Previous Highest Lowest Unit
Business Confidence 6.90 8.70 20.10 -22.90 Index Points [+]
Manufacturing PMI 54.40 54.00 64.06 36.90 [+]
Industrial Production -4.20 -6.40 15.40 -13.10 percent [+]
Industrial Production Mom 0.20 -1.40 12.50 -9.30 percent [+]
Manufacturing Production 4.30 1.40 8.90 -10.40 percent [+]
Capacity Utilization 79.30 79.60 85.50 76.20 percent [+]
Changes in Inventories 31468.00 32631.00 57276.00 3245.00 NOK Million [+]
Bankruptcies 420.00 499.00 595.00 43.00 Companies and Individuals [+]
Car Registrations 13421.00 13487.00 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 0.70 1.10 -0.50 percent [+]
Mining Production -2.90 21.20 69.00 -28.20 percent [+]
Steel Production 51.71 51.89 97.00 0.00 Thousand Tonnes [+]
Crude Oil Rigs 17.00 16.00 25.00 6.00 [+]
Competitiveness Index 78.16 78.94 78.94 5.14 Points [+]
Competitiveness Rank 16.00 14.00 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 7.00 8.00 10.00 6.00 [+]
Electricity Production 11305.00 11745.00 16376.00 6653.00 Gigawatt-hour [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
54.40 54.00 64.06 36.90 2004 - 2019 Monthly
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Country Last Previous
Australia 52.70 May/19
Brazil 50.20 May/19
Canada 49.10 May/19
China 50.20 May/19
Euro Area 47.70 May/19
France 50.60 May/19
Germany 44.30 May/19
India 52.70 May/19
Indonesia 51.60 May/19
Italy 49.70 May/19
Japan 49.80 May/19
Mexico 50.00 May/19
Netherlands 52.20 May/19
Russia 49.80 May/19
Saudi Arabia 57.30 May/19
Singapore 49.90 May/19
South Africa 45.40 May/19
South Korea 48.40 May/19
Spain 50.10 May/19
Switzerland 48.60 May/19
Turkey 45.30 May/19
United Kingdom 49.40 May/19
United States 50.50 May/19


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