Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
NorwayNorway Manufacturing Output MoM held to 0.3% in February 2013
FMPMonthlyReleased March 2013
Norway Manufacturing Output MoM held to 0.3% in February 2013, released March 2013.
Latest Release
0.300000
Actual
—
Consensus
0.300000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/NOK | ▼ Inverse | −0.50 | FOREX | Bullish NOK | → View |
| EUR/NOK | ▼ Inverse | −0.45 | FOREX | Bullish NOK | → View |
| WTI Crude | ▲ Direct | +0.40 | COMMODITIES | Watch | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Manufacturing Output MoM (Norway) was reported at 0.3% in March 2013. The reading was unchanged from the previous release.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/NOK (Bullish NOK). A secondary relationship exists with EUR/NOK, negatively correlated (Bullish NOK).
Auto-generated from current model state · Refreshes on each release · Last update March 2013.
SHARE
Manufacturing Output MoM - NO
Loading chart data...
About Manufacturing Output MoM — Norway
DEFINITION
Manufacturing Output MoM (Month-over-Month) is a key economic indicator that measures the change in the total value of goods produced by the manufacturing sector in a specific country or region over a one-month period. This indicator provides valuable insights into the health and growth of the manufacturing industry, which is a significant contributor to overall economic activity. It is closely monitored by investors, policymakers, and analysts to gauge the strength of the economy and make informed decisions. A positive MoM growth in manufacturing output indicates a thriving sector, while a negative growth may signal a slowdown or contraction.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2013): actual 0.3 %.
WHAT'S NEXT
This indicator correlates most strongly with USD/NOK (Bullish NOK, r=-0.50) — a useful reference for forex-focused traders.