weob is to show people that are still seeing growth. it is more moderate. it is growth that is not that bad. this pmi? oilmuch of this is the of -- is the oil component? >> it is a good question. do withy, anything to , that ishe industry not captured in these figures. it is the fiscal consolidation that we have seen and it is pronounced and not captured in this. it is a survey done by the market and the same around the world. those with thede oil price and the recent fall, how does that play in to the numbers? see,e main story that we trend,ough there is a there is oil prices and fiscal consolidation with the liquidity that the nonoil private sector has held better than others anticipated. obviously, that is not the case what we sawrket and in july was export order growth. and i is a big concern would say that we are looking at the end women growth in the survey shows this. the job creation is a broader topic that should be looked at in the region. everything is fundamentally a demand with population growth and the labor markets are you action. elastic.he