Norway Factory Activity Contracts for 2nd Month

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Norway’s DNB Manufacturing PMI increased to 49.9 in September 2025 from 49.6 in August, marking the second consecutive month of contraction. The production index rose slightly to 52.2 from 52.0 in August, while new orders weakened (49.5 vs 50.1), with both domestic (47.8) and export orders (47.3) remaining below growth. At the same time, the employment index rose (47.3 vs 42.8), marking a sharp improvement after two months of decline. Meanwhile, inventory levels of purchased goods edged lower (48.2 vs 48.8), indicating higher demand and supporting the total index. Supplier delivery times shortened (49.1 vs 52.3), typically reflecting softer activity. The input price index decreased (59.6 vs 61.4), though still pointed to continued rising prices.

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