Contraction of economic activities continued in Iran in the calendar month of Mordad (July 23-August 22), according to purchasing managers’ index (PMI) data released by Iran Chamber of Commerce.
Recurring blackouts and constraints in the supply of raw materials hampered business activity in Iran during the calendar month of Khordad (May 22 - June 21), according purchasing managers’ index (PMI) data released by the Iran Chamber of Commerce.
The Purchasing Managers’ Index, known by its Farsi acronym Shamekh, for Iran’s overall economy settled at 53.84 in the month ending May 21 from 39.65 in the month ending April 20, indicating a growth of 14.19 points or 35.79%.
The overall Purchasing Managers’ Index, known by its Farsi acronym Shamekh, for Iran’s economy settled at 53.73 in the month ending Feb. 18 from 48.83 in the month ending Jan. 19, indicating 4.9 points or 10.03% improvement.
Iranian industries are witnessing a modest setback during the third month of the current fiscal year (May 21-June 20) in their indices from purchasing manager surveys compared to the significant improvement that happened during the second month (April 20-May 20).
Iranian industries are seeing significant improvement in their latest indices from purchasing manager surveys after steep declines earlier in the current fiscal year (started March 20).