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The NIMA Manufacturing PMI is a key indicator of the economic health of the Norwegian manufacturing sector. It is based on a survey of purchasing managers across various industries who report on changes in business variables. A reading above 50 indicates expansion, while below 50 suggests contraction. This data is highly regarded as a leading indicator of broader economic performance in Norway.
The index is calculated based on a monthly survey of purchasing managers. It is a weighted average of five sub-indices: New Orders, Output, Employment, Suppliers' Delivery Times, and Stocks of Purchases.
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