Norway
Innkjøpssjefenes forventningsindeks (PMI) indicates further growth for the Norwegian industry.
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the Norwegian PMI, which is a temperature gauge for activity in the industrial companies, rose from the revised 50,3 in august to 52,6 in september, says Danske Bank and NIMA – Norwegian Association for Purchasing and Logistics on Monday.
According to Nima suggest much of that growth in the industry now is starting to stabilize.
despite reduced growth in the previous month, showing septembers PMI numbers that industriveksten we’ve seen since april continues. The weaker growth in august was a clear deviation from the trend, ” says Svein-Egil Hoberg in Nima in a press release.
It is mainly the sub-indices for new orders and production that contribute to the positive development of the Norwegian PMI in september, stated it in the message.
Powerful increase in the index of industrial production
PMI over 50 indicates growth in the industry.
- PMI stands for Purchasing Managers Index.
- Each month is prepared PMI in more than 40 countries.
- the Index measures the goods flow in the company.
- Numbers may affect the exchange rates and rentemarkeder.
- the Values of the 50 expresses increased activity or growth. Values below 50 can be an expression of decline.
- the Index consists of five delindekser: new Orders, production, employment, delivery times and stock of the purchased goods.
- the Norwegian PMI is compiled by NIMA – Norwegian Association for Purchasing and Logistics and Danske Bank Norway.
Source: the Norwegian Association for Purchasing and Logistics
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the index of production rose sharply, from 50, 3 to 56,2 in september. The index is thus at its highest in over two years, it is pointed out.
at the same time step ordreindeksen from 51,8 to 54,8.
- Both production and ordreindeksen in september show good growth. The index of production has not been so high for several years. We must back to august 2014; and then august 2013 to see the corresponding numbers, ” says Hoberg.
- It is especially the domestic market which draws up ordreindeksen, and provides a good indication with respect to the further vekstforventning in the industry, ” he says.
Falling delindekser
The other sub-indices, which determine the Norwegian PMI shows this month decline.
however, Employment fell from 47,7 to 47,5 in september. It is the 22. month in a row that this this sub-index has a value less than 50.
Employment is still in the reduction, at the same level we have seen over the last few months. We’ve also commented previously, this shows a clear productivity growth in the industry, ” says Hoberg.
According to the Nima match this well with the actual STATISTICS-the figures for industrisysselsettingen.
While lagerindeksen fell to nok 47.0, went the sub-index for suppliers ‘ delivery times down to 52,6.
- the Suppliers ‘ delivery time is at the same level as previously and is still showing growth, but lagernivåene of the purchased goods decreases. Both supports thereby the positive growth we see in the industry currently, ” says Hoberg.
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