Iran’s Chamber of Commerce has released the country’s new PMI data for the fiscal month of Mehr (September 23 – October 22) which has dropped as a result of recent unrests across the country.
According to the new PMI reading, Iran’s monthly PMI dropped 1.89 points from that of last month to settle at 50.19.
Reducing purchasing power of customers, recent unrests and subsequent internet outages were the main indicators that drove the PMI back this month.
Except for new orders and raw material inventory, all the other main sub-indexes were registered above the threshold (above 50).
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 (51.60) continued to grow in this month but with a lower slope compared with that of the preceding month.
Activities have grown mostly in the areas of industry, services and agriculture but have reduced in the constructional sector.
The “new orders” sub-index extremely fell in this month from that of the preceding month to settle at 46.82. This sub-index has reduced in all the three main sectors of services, industry and agriculture but the most fall was registered in the area of construction.
The “raw material inventory” sub-index (46.28) continued to drop in the month under review but with a lower slope compared to that of the preceding month. In spite of increase in the construction area, the sub-index has been reducing in all the main three sectors of the economy – industry, services and agriculture.
The “sales of goods and services” sub-index also registered a 14-month low (excluding the calendar month of Farvardin) in this month to settle at 42.56.
The “raw materials price” sub-index, however, posted a three-month high of 71.80.
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INDEX
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Mordad1401
(July-Aug2022)
|
Shahrivar1401
(Aug-Sep2022)
|
Mehr1401
(Sep-Oct2022)
|
|
PMI
|
48.06
|
52.08
|
51.19
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|
business activities
|
47.37
|
52.34
|
51.60
|
|
new orders
|
42.33
|
52.87
|
46.82
|
|
suppliers’ delivery time
|
51.01
|
54.05
|
54.78
|
|
raw material inventory
|
44.38
|
45.22
|
46.28
|
|
employment
|
57.16
|
52.53
|
52.00
|
|
raw materials price
|
67.97
|
69.40
|
71.80
|
|
finished goods inventory
|
55.47
|
51.09
|
52.99
|
|
exports of goods and services
|
48.26
|
45.24
|
47.05
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price of goods and services
|
51.96
|
54.57
|
57.45
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consumption of energy carriers
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56.82
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45.32
|
46.11
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sales of goods and services
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50.35
|
52.83
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42.56
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expectations for next month economic activities
|
63.72
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52.47
|
59.59
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