The PMI for August in Norway rose by 3.4 points to 50.3 points, compared with the revised 46.9 in August, according to a report from DNB and NIMA on Thursday.
According to DNB PMI, the figures indicate that the decline in activity in industry has stopped. It was especially the sub-indices for new orders and production that picked up, but the employment index also increased.
Values above 50 express increased activity or growth, while values below 50 may indicate a decline.
Europe
Purchasing Managers’ PMI Index for the industrial sector in the eurozone was 53.7 points in September. An index of 53.7 points was expected in advance, according to Direkt Makro.
The number for UK PMI Index for industry was 54.1 in September, according to final figures from Markit. An index of 54.3 was expected in advance, according to Direkt Makro.
Figures for it Italian Purchasing Managers’ Index (Purchasing Managers Index – PMI) for the industrial sector was 53.2 points in September, compared to the expected 53.5 points, according to Direkt Makro.
The Spanish PMI index for the industrial sector was 50.8 points in September, against an expected index of 50.5.
The French PMI index for industry was 51.2 points in September. An index of 50.9 was expected in advance, according to Direkt Makro.
The German PMI index for industry was 56.4 points in September. An index of 56.6 was expected in advance, according to Direkt Makro.
Asia
South Korean exports rose by 7.7 percent in September on an annualized basis, while import was down 1.1 percent. In advance, it was expected that exports would rise by 2.0 percent and that imports had fallen 4.9 percent, according to Direkt Makro.
Final figures for PMI index for the industrial sector in Japan in September was 47.7 from 47.2 the previous month, according to data from Nikkei and IHS Markit.
Sentiment among Japan’s largest producers was -27 in the third quarter of 2020, from -34 points in the previous quarter. An index of -23 was expected in the fourth quarter, according to Direkt Makro.
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