The Norwegian manufacturing sector expanded at a faster rate in May, and the rate of growth exceeded economists' expectations, latest data showed.
The seasonally adjusted purchasing managers' index (PMI) for the manufacturing sector rose to 54.9 in May from 53.6 in April, while economists expected the index to rise to 54. A PMI reading above 50 indicates expansion in the sector, while one below suggests decline.
The sub-indicator that measures production at Norwegian factories increased markedly to 60.1 in May from 54.8 in the previous month.
At the same time, new orders received by manufacturers increased at faster rate in May, with the relevant index rising to 56.4 from 54.8 in the previous month. In May, firms increased their workforces at the same rate as they did in April, data showed.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.