Industry
Employment is at its highest in two years, shows recent study.
the Article is added to your reading list.
Temperaturmålingen in the industry , innkjøpssjefsindeksen Norwegian PMI, shows a slight cooling since December. One of underindeksene surprises, however, very postitivt.
- It is most sensational at the recent report is that innkjøpslederne now reporting increased employment, writes Svein-Egil Hoberg in Nima, Norwegian Association for Purchasing and Logistics, in a press release.
Hovedtallet PMI came in at 51,4 in January, while sysselsettingsindeksen came in at 51,5.
It is the highest in two years, commenting on Hoberg. the
PMI stands for Purchasing Managers Index.
Each month is prepared PMI in more than 40 countries. The measures the goods flow in the company.
the Numbers can affect the exchange rates and rentemarkeder.
Values over 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: Nima
View more
Large variation between the sectors
the PMI-the figures are not further down, and they can therefore not tell which sectors of industry that employ.
however, There are still very big difference between oil-related businesses and other industries.
trade association Norwegian Industry put forward their konjunkturrapport Monday, and it shows that it is expected to decrease the turnover in industribedriftene associated with oljenæringene also in the year.
For other industries, including process industries and manufacturers of consumer goods, expecting your organization revenue increase in the year. It will ensure that the turnover overall is evolving in a moderate positive direction.
Norges Bank adjusted before christmas, the forecast for petroleum investment in the years from minus four to minus 11 per cent. In 2016 and 2015 was the fall of around 15 per cent.
a Great deal of uncertainty
the Norwegian Industry reported on Monday that their member companies are expecting a continued decline in employment in the year, but also told me that there is particularly large uncertainty associated with the forecasts.
Several of the largest members of the Norwegian Industry has partly been contingent on developments in the year, partly a refusal to put the forecasts on the press in the survey.
Hovedscenariet in the report is that growth in years will be modest, with significant utfallsrom both negative and positive.
Also Hoberg in the Nima points out that there is uncertainty related to growth.
What the british Brexit would lead to, and how Trump’s trade policies would seem, at the same time that trade with China has come back on the right track, provides the basis for this uncertainty, says Hoberg.
the Decline affects some industries hard
the central bureau of Statistics announced on Monday its business sentiment survey for the fourth quarter, and it shows that the production fell in the Norwegian industry in the year’s last three months.
the Decline in the quarter came especially from the manufacturers of capital goods. The low activity among suppliers to the oil and gas sector contributes still to this development, and affects particularly the following industries:
- machine industry
- the Construction of ships and oil platforms
- Repair and installation
the PMI-the sub-index that indicates produksjonsaktiviteten in Norwegian industry in January, increased from 51,5 to 52,1.
- Production in the manufacturing industry shows growth in January. With the exception of november, the production shown stable growth since the autumn of 2015. This would indicate that the decline in oil-related business due to the decrease in investment is compensated by increase in other industry segments, ” explained Hoberg in the press release.
No comments:
Post a Comment