Norvège - PMI manufacturier

Norway's DNB Manufacturing PMI dropped to 53.7 in November 2019 from a revised 55.3 in the previous month, but above market expectations of 50.2. Growth slowed for production (53.0 vs 59.0) and employment (56.8 vs 58.1) while inventories fell (46.4 vs 51.0). Still, new orders increased at a faster rate (55.2 vs 52.1), as well as suppliers' delivery time (54.1 vs 52.9).

The DNB Manufacturing PMI in Norway jumped to a five-month high of 54.9 in October 2019 from a revised 51.8 in the previous month and well above market expectations of 50.2. Increases were seen in new orders (51.6 vs 49.0 in September), production (58.3 vs 52.6), employment (58.0 vs 55.8), and suppliers' delivery time (52.6 vs 48.7). Meanwhile, the gauge for inventory fell to 51.5 from 55.0 in September.

The NIMA Manufacturing PMI for Norway declined to 50.4 in September 2019 from an upwardly revised 53.9 in August and missing market expectations of 53.5, as new orders fell sharply (48.7 from 56.2 in August) and output growth slowed significantly (51.4 from 54.9). Meanwhile, inventories (55.1 from 51.2) and employment (55.6 from 53.9) rose faster.

The NIMA Manufacturing PMI for Norway rose to 53.8 in August 2019 from an upwardly revised 48.7 in the previous month. The reading pointed to the fastest expansion in manufacturing since May, as new orders (55.6 from 43.5 in July) and output (55.2 from 44.7) recovered. Meanwhile, slower increases were seen in employment (53.6 from 58.4) and suppliers' delivery time (51.3 from 52.8). At the same time, inventories went up at the same pace (51.0).

The NIMA Manufacturing PMI for Norway decreased to 48.4 in July 2019 from a downwardly revised 51.4 in the previous month and well below market expectations of 54.5. The reading pointed to the first contraction in the manufacturing sector since July of 2018 and the lowest reading in nearly three years, with new orders (43.2 vs 50.3 in June) and output (44.0 vs 53.5) contracting. On the other hand, faster increases were seen in employment (57.9 vs 51.3) while the gauge for suppliers' delivery time went up (53.1 vs 51.9).

The NIMA/DNB Manufacturing PMI in Norway fell to 51.9 in June 2019 from a downwardly revised 54.1 in the previous month and well below market expectations of 54.5. The latest reading pointed to the weakest pace of expansion in the manufacturing sector since a contraction was recorded in July 2018, as majority of sub-indexes declined: new orders (51.3 vs 56.7 in May); production (54.8 vs 59.2); employment (51.1 vs 52.4); and inventory (51.6 vs 57.2). Meanwhile, suppliers' delivery time sub-index rose to 51.7 in June from 50.4 in the previous month.