Iran Chamber of Commerce has released the country’s new PMI data for the fiscal month of Ordibehesht (April 21 – May 21) which suggests that the Iranian economy is thriving again after major sub-indexes fell in the past month.
According to the new PMI reading, Iran’s monthly PMI stood at 57.30, the highest in the 44-month survey.
The increase was largely due to the Iranian economy recovering from two-week holidays in the beginning of the Persian New Year.
All the main sub-indexes were 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 (60.96) increased as it does in the month of Ordibehesht each year to register its second biggest in the 44-month survey.
The “new orders” sub-index (57.15) also registered one of its biggest in the month under review.
The “raw material inventory” sub-index also registered its biggest in the 44-month survey to settle at 58.08.
The “exports of goods and services” sub-index (51.86) was another sub-index to recover from a major fall in the past calendar month. It was registered above the threshold in all the main three branches of activity – industry, services, and agriculture.
With the improvement of activities and orders, the “sales of goods and services” sub-index (64.09), which had posted one of its lowest last month, registered its highest in this calendar month.
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INDEX
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Esfand1401
(Feb-Mar2023)
|
Farvardin1402
(Mar-Apr2023)
|
Ordibehesht1402
(Apr-May2023)
|
|
PMI
|
56.79
|
42.04
|
57.30
|
|
business activities
|
60.81
|
34.60
|
60.96
|
|
new orders
|
54.97
|
37.65
|
57.15
|
|
suppliers’ delivery time
|
61.48
|
50.03
|
57.43
|
|
raw material inventory
|
54.14
|
43.14
|
58.08
|
|
employment
|
52.28
|
51.37
|
52.48
|
|
raw materials price
|
87.61
|
86.56
|
83.67
|
|
finished goods inventory
|
45.18
|
45.58
|
49.30
|
|
exports of goods and services
|
48.81
|
40.53
|
51.86
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|
price of goods and services
|
69.94
|
71.44
|
62.52
|
|
consumption of energy carriers
|
54.02
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34.30
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61.28
|
|
sales of goods and services
|
61.18
|
34.69
|
64.09
|
|
expectations for next month economic activities
|
36.48
|
75.76
|
65.17
|