Purchasing managers' index (PMI) · Norway
Norway DNB Manufacturing PMI
The Norway DNB Manufacturing PMI is a monthly survey of purchasing managers in Norway that measures whether business activity, new orders, employment and prices are rising or falling.
- Importance
- Medium
- Released
- Monthly
- Currency
- NOK · Norwegian krone
- Central bank
- Norges Bank
Latest figures
The latest release for NOV, published on 1 December 2025, came in at 53.0, up from 48.2 the time before (revised).
Over the last 12 releases it ranged from 46.1 to 53.0, averaging 50.1.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 1 Dec 2025 | NOV | 53.0 | – | 48.2 ® |
| 3 Nov 2025 | OCT | 47.7 | – | 49.7 ® |
| 1 Oct 2025 | SEP | 49.9 | – | 49.6 |
| 1 Sep 2025 | AUG | 49.6 | – | 51.1 ® |
| 1 Aug 2025 | JUL | 50.9 | – | 49.3 |
| 1 Jul 2025 | JUN | 49.3 | – | 51.2 |
| 2 Jun 2025 | MAY | 51.2 | – | 46.2 ® |
| 2 May 2025 | APR | 46.1 | – | 50.1 ® |
| 1 Apr 2025 | MAR | 50.6 | – | 51.9 |
| 3 Mar 2025 | FEB | 51.9 | – | 51.3 ® |
| 3 Feb 2025 | JAN | 51.2 | – | 50.4 ® |
| 2 Jan 2025 | DEC | 50.3 | – | 50.5 ® |
Why it matters
PMIs are among the first data published for each month, weeks before official output figures, and they have a good record of tracking GDP. A reading above 50 means growth, below 50 contraction. Flash (preliminary) PMIs for the major economies can move currencies and stock indices strongly.
How it is calculated
Companies answer whether each item (output, new orders, employment, delivery times, stocks of purchases) is higher, the same or lower than a month earlier. Each answer set becomes a diffusion index; the manufacturing headline is a weighted average of five of them, the services headline is the activity question.
Diffusion index = % higher + ½ × % same
Manufacturing PMI = 0.30 new orders + 0.25 output + 0.20 employment + 0.15 delivery times (inverted) + 0.10 stocksWhat changes mean
- Above 50 and rising: an accelerating economy, supportive for the Norwegian krone and local stocks.
- The composite PMI combines manufacturing and services and is the best single guide to GDP.
- Look at new orders (future activity) and prices charged (inflation pressure).
Higher than expected: A stronger figure than expected points to a healthier economy: it usually supports the Norwegian krone and local stocks, and can push bond yields up.
Lower than expected: A weaker figure than expected points to slowing activity: the Norwegian krone tends to soften and markets price in lower rates.
A short history
The PMI method comes from the US purchasing managers' survey of the 1940s; the PMIs now produced for more than 40 countries started in the UK in 1992 and spread across Europe and Asia in the following decades.
Questions
What is the Norway DNB Manufacturing PMI?
The Norway DNB Manufacturing PMI is a monthly survey of purchasing managers in Norway that measures whether business activity, new orders, employment and prices are rising or falling.
What was the latest Norway DNB Manufacturing PMI?
53.0 for NOV, published on 1 December 2025.
Why is 50 the key level of a PMI?
It is the point where as many companies report improvement as report deterioration: above it, activity is growing.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.