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. It is a weighted average of five sub-indices measuring production, orders, inventory, terms of delivery and employment.
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.
