Page 6 - Policy_Economic_Report_September2020

Policy and Economic Report:
Oil & Gas Market

Global Purchasing Manager’s Index (PMI)

The global Purchasing Manager’s Index (PMI) in August supports this recovery. The global manufacturing
PMI rose to 51.8 in August, compared to 50.6 in July. The global services sector PMI recovered as well, to
a level of 51.9 in August, compared with 50.6 in July. Hence both important indices remain well above the
growth-indicating level of 50.

Global Purchasing Manager’s Index (PMI)

Source: JP Morgan, IHS Markit
Global Trade

The Global Trade data available till June shows that a recovery had already started from the very low
levels. In June, world trade volume levels declined by 10.1 per cent y-o-y, compared with a fall of 17.8 per
cent y-o-y in May and a decline of 16.3 per cent y-o-y in April.

Global Trade

Source: Netherlands Bureau of Economic Policy Analysis, Haver Analytics and OPEC

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September 2020