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Investing.com -- Norway’s manufacturing sector purchasing managers’ index (PMI) experienced a drop in April.
This decrease was primarily driven by a fall in new orders, according to the compilers DNB Markets and the NIMA logistics association.
The PMI for April fell to 46.1 points on a seasonally adjusted basis, down from a revised 50.1 points in March. T
his indicates a decrease in manufacturing activity, as stated in a joint announcement by DNB and NIMA.
The PMI is a key indicator of economic health, and a reading below 50 suggests a contraction in the manufacturing sector.
As such, this latest reading points to a slowdown in Norway’s manufacturing industry.
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