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. source: NIMA/DNB Markets
Manufacturing PMI in Norway averaged 53.06 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 June of 2021.
Manufacturing PMI in Norway is expected to be 54.00 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 52.50 in 12 months time. In the long-term, the Norway Manufacturing PMI is projected to trend around 53.00 points in 2022, according to our econometric models.