Iran Chamber of Commerce has released the country’s new PMI data for the fiscal month of Bahman (January 21 – February 19) which shows a recovery from the sharp decline in the preceding month.
According to the new PMI reading, Iran’s monthly PMI grew 9.46 points in comparison to that of last month to settle at 51.35.
Iran’s PMI tends to register higher figures in the final days of the Persian calendar year (to end on March 20) with all the economic indicators improving.
The recovery in the PMI reading happened in the month under review with all the sub-indexes except for new orders and raw material inventory being 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 (53.45) grew to an eight-month high after it registered one of its lowest of the 40-month survey last month.
The “new orders” sub-index continued to fall but with a lower slope in comparison to that of the preceding month. The most significant declines were registered in the agricultural and services sectors.
The “raw materials price” sub-index (86.49) grew with a higher slope compared to that of the preceding month and reached its highest in eight months.
Although the “raw material inventory” sub-index improved from 39.54 in the preceding month, it still remained below the threshold and settled at 42.20 in the month under review.
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INDEX
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Azar1401
(Nov-Dec2022)
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Dey1401
(Dec2022-Jan2023)
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Bahman1401
(Jan-Feb2023)
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|
PMI
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49.14
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41.89
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51.35
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business activities
|
50.51
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39.48
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53.45
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new orders
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48.47
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40.82
|
49.60
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|
suppliers’ delivery time
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49.75
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43.35
|
57.72
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raw material inventory
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46.41
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39.54
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42.20
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employment
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49.32
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46.62
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51.14
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raw materials price
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85.25
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85.26
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86.49
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finished goods inventory
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50.49
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46.58
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47.93
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exports of goods and services
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50.84
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45.74
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44.54
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price of goods and services
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58.58
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59.61
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61.84
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consumption of energy carriers
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67.25
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59.09
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59.62
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sales of goods and services
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48.15
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43.31
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57.21
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expectations for next month economic activities
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55.01
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52.70
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55.97
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