Norway Outlook Improves

Norway may be finally emerging from an oil downturn with companies the most upbeat they’ve been on economy since before the oil crisis, according to a central bank survey, Bloomberg reported. The krone jumped on the news. A survey of companies across regions and industries now indicates a broad based improvement driven by both public and private demand, according to Norges Bank’s regional network report published on Tuesday. There are even signs that improved economic sentiment has spread to the battered oil regions in the southwest. The krone strengthened as much as 0.7%, the most since May 19, and was up 0.4% in Oslo.