Norway’s DNB Manufacturing PMI dropped to 47.7 in October 2025 from 49.7 in the previous month, marking the third straight month of decline and the lowest reading since April. The production index declined to 47.7 from 51.7 in September, while index for new orders continued to decrease (47.6 vs 49.2 in September), as demand remained subdued in both domestic orders (46.5) and export orders (49.7). At the same time, the employment index weakened, sliding to 42.4 from 46.8. Meanwhile, inventory levels of purchased goods fell further (47.1 vs 48), indicating higher demand and partly supporting the overall index. Delivery times also lengthened (51.8 vs 49.4), signaling higher activity. The index for input prices fell by 1.3 points to 58.2 in October from 59.5 in September, but continued to indicate rising prices.