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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
NorwayNorway NIMA Manufacturing PMI fell to 53.7 in November 2019
FMPMonthlyReleased December 2019
Norway NIMA Manufacturing PMI fell to 53.7 in November 2019, released December 2019, down 1.2 from October's 54.9 reading. The print exceeded the 50.2 consensus by 3.5. Year-over-year, the indicator is down 2.4. Over the past 3 months, NIMA Manufacturing PMI averaged 52.65, vs 51.98 in the prior 3-month window. The reading is in the 19th percentile of the trailing 24-month range.
Latest Release
53.7
Actual
50.2
Consensus
54.9
Previous
Median Absolute Error
±3.03
across last 12 releases
Last Call
Dec 2019
Predicted: 50.6
Actual: 53.7
Error: -3.1
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 December 2019 reading fell from the previous value of 54.9. Over the last 12 releases, the Sigmanomics model has produced a median absolute forecast error of ±3.03. Historically, this indicator is negatively correlated with USD/NOK (Bullish NOK) and negatively correlated with EUR/NOK (Bullish NOK).
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NIMA Manufacturing PMI - NO
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