Iran Chamber of Commerce has released the country’s new PMI data for the fiscal month of Khordad (May 22 – June 21) which suggests that the Iranian economy continues to thrive but with a lower slope compared to figures from the preceding month.
According to the new PMI reading, Iran’s monthly PMI stood at 53.28. The figure indicates that the Iranian economy is still growing but not as quickly as it did in the preceding month when the PMI was registered at 57.30.
All the main sub-indexes except for the “new orders” and “raw material inventory” were reported above the threshold (above 50) in the new PMI reading.
The Statistics and Economic Analysis Center of Iran Chamber of Commerce, Industries, Mines and Agriculture, the sponsor and coordinator of the survey, announces the whole economy PMI data in a report every month.
The headline PMI is a number from 0 to 100, such that over 50 shows an expansion of the economy when compared with the previous month. A PMI reading under 50 indicates contraction and a reading of 50 implies no change.
PMI is an index of the prevailing direction of economic trends, aiming to provide information about business conditions to company directors, analysts and purchasing managers.
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The “business activities” sub-index (57.26) is fewer than 60.96 reported in the preceding month but it is still above the threshold which indicates that the indicator continued to grow in the month under review.
The “new orders” sub-index (49.96) declined to below the threshold after it had registered one of its biggest in the preceding month.
The “raw material inventory” sub-index which had registered a record 58.08 last month fell below the threshold (46.56) in this calendar month once again.
The “sales of goods and services” sub-index which had posted a dramatic improvement to 64.09 in the previous month, reduced again to settle at 50.65 in this calendar month.
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INDEX
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Farvardin1402
(Mar-Apr2023)
|
Ordibehesht1402
(Apr-May2023)
|
Khordad1402
(May-June2023)
|
|
PMI
|
42.04
|
57.30
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53.28
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|
business activities
|
34.60
|
60.96
|
57.26
|
|
new orders
|
37.65
|
57.15
|
49.96
|
|
suppliers’ delivery time
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50.03
|
57.43
|
58.22
|
|
raw material inventory
|
43.14
|
58.08
|
46.56
|
|
employment
|
51.37
|
52.48
|
52.95
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|
raw materials price
|
86.56
|
83.67
|
73.22
|
|
finished goods inventory
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45.58
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49.30
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53.42
|
|
exports of goods and services
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40.53
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51.86
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51.37
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price of goods and services
|
71.44
|
62.52
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58.16
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consumption of energy carriers
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34.30
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61.28
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56.75
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sales of goods and services
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34.69
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64.09
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50.65
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expectations for next month economic activities
|
75.76
|
65.17
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60.17
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