Iran’s Chamber of Commerce has released the country’s new PMI data for the fiscal month of Shahrivar (August 23 – September 22) which is above the threshold again after it registered three declining months.
According to the new PMI reading, Iran’s monthly PMI gained 4.02 points from that of last month to 52.08 in this month.
Except for raw material inventory, all the other main sub-indexes were registered above the threshold (above 50).
Economic experts are however concerned that the business activities, particularly those related to providing services, will be highly affected next month by interruptions in internet access.
The Iranian government has reduced internet coverage across the country so as to be able to put an end to days of unrests in different parts of the country which followed the death of a young woman at a police custody in Tehran.
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 “new orders” sub-index (52.87) grew to its highest over four months. It registered the most increase in services and agricultural sectors.
“Business activities” was another sub-index which climbed significantly in this month. The sub-index, which stood at 47.37 a month earlier, grew this month to settle at 52.34. The increase was mainly as a result of production activities in industrial sector.
The “raw material inventory” sub-index was reported at 45.22 which suggested that it has continued to decline in the month under review. Despite the rise in construction sector, the sub-index has been falling in other sectors like industry, services and agriculture.
The “exports of goods and services” (45.24) sub-index also fell to a 13-month low, excluding that of the fiscal month of Farvardin (March 21 – April 22).
“Price of goods and services” was another sub-index which grew in Shahrivar. The increase happened while the last month PMI reading of the sub-index had registered one of its lowest in 28 months.
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INDEX
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Tir1401
(Jun-July2022)
|
Mordad1401
(July-Aug2022)
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Shahrivar1401
(Aug-Sep2022)
|
|
PMI
|
50.10
|
48.06
|
52.08
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|
business activities
|
50.82
|
47.37
|
52.34
|
|
new orders
|
47.14
|
42.33
|
52.87
|
|
suppliers’ delivery time
|
56.22
|
51.01
|
54.05
|
|
raw material inventory
|
45.91
|
44.38
|
45.22
|
|
employment
|
51.17
|
57.16
|
52.53
|
|
raw materials price
|
74.36
|
67.97
|
69.40
|
|
finished goods inventory
|
57.10
|
55.47
|
51.09
|
|
exports of goods and services
|
46.96
|
48.26
|
45.24
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|
price of goods and services
|
62.27
|
51.96
|
54.57
|
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consumption of energy carriers
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56.53
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56.82
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45.32
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|
sales of goods and services
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46.32
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50.35
|
52.83
|
|
expectations for next month economic activities
|
50.18
|
63.72
|
52.47
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