Most industrial managers expressed optimism about the pace of the economy, though oil and gas suppliers were less convinced, Norway’s government said. Norway is a leading oil and gas supplier to the European economy, designating nearly all of its offshore production toward exports. Tepid growth in Europe, coupled with lower energy prices by relative standards, could be creating issues on the margins of the Norwegian economy. Statistics Norway, the country’s record-keeping agency, reported that industrial managers were developing a sense of optimism as trends moderate toward recovery. “The business tendency survey for the first quarter of 2017 shows that the downturn in total production has leveled off compared with the fourth quarter of 2016,” it reported. “For manufacturers of capital goods, there […]