DNB/NIMA Norway Manufacturing Purchasing Managers Index (PMI)

Country:
Norway
NOK, Norwegian Krone
Source:
Sector:
Business
Medium 59.1 58.4
60.5
Last release Importance Actual Forecast
Previous
59.8
59.1
Next release Actual Forecast
Previous
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SDNB/NIMA Manufacturing Purchasing Manager Index (PMI) is an indicator of business conditions in Norway calculated based on monthly surveys of purchasing managers from about 300 private sector companies.

Often purchasing managers can track changes in market conditions prior to other company employees, because purchases precede company's production activities. Purchasing managers are among the first to notice such changes. The sample for the survey is chosen so as to cover the maximum possible number of large manufacturing companies across the country.

The index is calculated as a weighted average of five sub-indices measuring production, orders, inventory, terms of delivery and employment. Survey participants provide relative estimates, that is, if the data is up, or if the data is down or if the data remains the same. The final index is calculated by adding half the percentage of "unchanged" answers to the percentage of answers that evaluate the current level as "higher". Readings above 50 indicate that most of respondents positively characterize current business conditions. Readings below 50 mean worsening of business conditions.

PMI is one of the most popular indexes closely watched by analysts. It provides operational information covering business activity in the entire Norwegian manufacturing sector. It is interpreted as a leading indicator of production and inflation. The growth of the DNB/NIMA Manufacturing PMI is an indicator of favorable market conditions and can be seen as positive for the Norwegian krone quotes.

Last values:

actual data

forecast

The chart of the entire available history of the "DNB/NIMA Norway Manufacturing Purchasing Managers Index (PMI)" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Apr 2021
59.1
58.4
60.5
Mar 2021
60.4
48.8
57.5
Feb 2021
56.1
51.8
52.5
Jan 2021
51.8
51.9
52.0
Dec 2020
51.9
52.6
52.0
Nov 2020
51.9
51.8
53.4
Oct 2020
53.4
48.2
50.7
Sep 2020
50.3
44.6
46.9
Aug 2020
46.1
46.0
42.8
Jul 2020
43.3
47.3
48.8
Jun 2020
48.9
44.1
44.9
May 2020
45.9
46.1
43.0
Apr 2020
42.0
52.4
41.4
Mar 2020
41.9
51.6
Feb 2020
52.2
51.1
Jan 2020
50.9
55.0
Dec 2019
55.5
53.8
Nov 2019
53.7
55.3
Oct 2019
54.9
51.8
Sep 2019
50.4
53.9
Aug 2019
53.8
48.7
Jul 2019
48.4
51.4
Jun 2019
51.9
54.1
May 2019
54.4
54.0
Apr 2019
53.8
56.3
Mar 2019
56.8
56.3
Feb 2019
56.3
58.2
Jan 2019
58.3
55.9
Dec 2018
55.9
56.2
Nov 2018
56.1
56.0
Oct 2018
56.0
55.8
Sep 2018
55.7
60.5
Aug 2018
60.5
48.9
Jul 2018
49.3
55.8
May 2018
55.8
56.1
Apr 2018
56.2
55.1
Mar 2018
55.0
57.0
Feb 2018
57.5
58.4
Jan 2018
59.0
58.1
Dec 2017
57.8
57.4
Nov 2017
57.1
54.8
Oct 2017
54.5
52.3
Sep 2017
52.5
54.9
Aug 2017
55.7
57.5
Jul 2017
57.3
55.6
Jun 2017
55.1
54.2
May 2017
54.3
54.6
Apr 2017
54.7
54.8
Mar 2017
54.7
53.0
Feb 2017
52.6
51.7

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