Iran’s new PMI data for the fiscal month of Ordibehesht (April 21 – May 20), released by the country’s Chamber of Commerce suggests a record jump in the figure.
The Purchasing Managers’ Index, known by its Farsi acronym Shamekh, for Iran’s overall economy has increased from 37.49 in the previous month to settle at 56.17 in Ordibehesht, the highest record since the survey plan began 32 months ago.
Experts believe that the sharp rise in this month’s PMI was partly due to the comeback of businesses from last month’s two-week holidays and rising demands due to fear from future inflation.
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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Except for the "raw material inventory" sub-index, all the rest main sub-indices registered figures above the threshold in Ordibehesht. The “raw material inventory” sub-index also improved from 41.64 in the previous month to 45.34 in the month under review.
The “business activities” sub-index posted its record high over the 32-months survey plan growing from 28.52 in the previous month to 61.37 in Ordibehesht.
The “raw materials price” sub-index also surged to its highest over the past 19 months to 92.75. The index has posted an even bigger increase in some activities.
The “price of goods and services” sub-index has also been increasing in a dramatic way. It witnessed a 19-month high to settle at 70.05 in the one-month period.
The sub-index of “expectations for next month economic activities” (43.82) dropped in the month under review after it had increased in the past month which is indicative of reducing expectations of economic activists, especially those active in the area of services and agriculture.
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INDEX
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Esfand 1400
(Feb-Mar2022)
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Farvardin1401
(Mar-Apr2022)
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Ordibehesht1401
(Apr-May2022)
|
|
PMI
|
54.74
|
37.49
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56.17
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|
business activities
|
58.81
|
28.52
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61.37
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|
new orders
|
55.44
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29.34
|
55.19
|
|
suppliers’ delivery time
|
59.76
|
48.16
|
58.60
|
|
raw material inventory
|
54.74
|
41.64
|
45.34
|
|
employment
|
44.82
|
50.85
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54.74
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|
raw materials price
|
78.47
|
83.26
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92.75
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|
finished goods inventory
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50.83
|
52.16
|
49.63
|
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exports of goods and services
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54.02
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38.65
|
50.70
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price of goods and services
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57.97
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63.13
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70.05
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consumption of energy carriers
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48.48
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34.81
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62.22
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sales of goods and services
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55.37
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34.27
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60.08
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expectations for next month economic activities
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35.29
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72.05
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43.82
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