Europe's "somewhat concerning" weakening economy is pushing aluminium company Norsk Hyrdo to focus on the potential of the U.S. and China, the company's chief financial officer told CNBC on Thursday.
Eivind Kallevik, who is a member of the CNBC Global CFO Council, said his outlook remained "fairly optimistic" into 2015.
"The U.S. continues to be strong. The Chinese growth for aluminium demand is actually up 12.6 percent year to date – stronger than what we anticipated," he said. "So it's really some weakening signs in Europe, but it's early days."
The euro zone's economic recovery has been called into question, following a string of disappointing data releases. There was some good news for the region on Thursday, however, as Markit's Flash Composite Output Index (PMI) for the region came in at 52.2 in October, beating expectations, up from 52.0 in September. A reading over 50 marks expansion.