Iran Chamber of Commerce has released the country’s new PMI data for the fiscal month of Esfand (February 20 – March 20) which continues to grow from that of the preceding month.
According to the new PMI reading, Iran’s monthly PMI grew 5.44 points in comparison to that of last month to settle at 56.79.
Iran’s PMI tends to register higher figures in the final days of the Persian calendar year (ended on March 20) with all the economic indicators improving.
All the main five sub-indexes have been 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 (60.81) increased much more speedily this month to register one of its highest during the 42-month survey.
The “new orders” sub-index (54.97) also posted a 10-month high although it is still less than those reported in the corresponding month in previous years.
The “raw material inventory” sub-index was also reported at 54.14 to post a one-year record.
The “finished goods inventory” sub-index (45.18) continues to fall for a third month in a row to reach a 30-month low.
The “sales of goods and services” sub-index also registered another growth for a second consecutive month after it recovered from a seven-month decline last month.
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INDEX
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Dey1401
(Dec2022-Jan2023)
|
Bahman1401
(Jan-Feb2023)
|
Bahman1401
(Feb-Mar2023)
|
|
PMI
|
41.89
|
51.35
|
56.79
|
|
business activities
|
39.48
|
53.45
|
60.81
|
|
new orders
|
40.82
|
49.60
|
54.97
|
|
suppliers’ delivery time
|
43.35
|
57.72
|
61.48
|
|
raw material inventory
|
39.54
|
42.20
|
54.14
|
|
employment
|
46.62
|
51.14
|
52.28
|
|
raw materials price
|
85.26
|
86.49
|
87.61
|
|
finished goods inventory
|
46.58
|
47.93
|
45.18
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|
exports of goods and services
|
45.74
|
44.54
|
48.81
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|
price of goods and services
|
59.61
|
61.84
|
69.94
|
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consumption of energy carriers
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59.09
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59.62
|
54.02
|
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sales of goods and services
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43.31
|
57.21
|
61.18
|
|
expectations for next month economic activities
|
52.70
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55.97
|
36.48
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