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20 October 2020 The on-line newspaper devoted to the world of transports 07:58 GMT+2



September 17, 2020

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Original news
WTO, trade services - including transport - show resilience to the crisis

The passenger air transport index has reached lowest point ever

The trade services sector, including those of transport, has been severely affected by the effects of Pandemic of Covid-19, but it's also showing some resilience impact of an unprecedented crisis. This was highlighted by the World Trade Organization (WTO) today announcing the latest reading of the barometer that signals the state of this market, industry -- has explained the World Trade Organization -- which probably In the second quarter of this year, it remained well above below trend due to the economic impact caused by the pandemic, but that -- based on the last reading barometer -- it's also showing a slight recovery in some segments that suggest a degree of resilience to the crisis.

The WTO explained that if today's reading shows an index 95.6, the lowest ever recorded and significantly lower than base value of 100, the barometer measurements are overall outperforming recent trends in the real market services to trade, a gap - the WTO pointed out - that in the past preceded a positive change in the evolution of trade Commercial.

With regard to the different components of this market, the WTO specified that the passenger air transport sector, with 49.2, was the most affected health crisis and recorded the biggest drop in never marked by one of the components of the barometer. It was -- he WTO - a contraction so large that it weighs on the total market for commercial services, although recently seems to have stabilized. The WTO has disclosed that the representing containerized shipping (92.4), construction (97.3) and the PMI of those responsible (97.0) show signs of a turning point, with the latest index showing a which is the most noteworthy as it's the most anticipated component of the service barometer.

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