Iran's Housing PMI Ends Fiscal 2020-21 Lower at 63.9

The Purchasing Managers’ Index for the housing sector in the 12th month of the last Iranian year (Feb. 19-March 20) settled at 63.93 from 64.28 of the preceding month (Jan. 20-Feb. 18), indicating a 0.55% decrease, Iran Chamber of Cooperatives reported.
PMI is an indicator of the health of economic sectors and provides information about current business conditions to decision-makers, analysts and purchasing managers. 
Raw material inventory, employment conditions, new orders, supplier deliveries and export/production conditions were among the criteria quizzed, yielding a final score of between 1 and 100. 
If a business scores 50, it means that no change has been perceived compared to the previous month, while scores higher or lower than 50 indicate that the business is booming or stagnating respectively.