Listed Industrial Firms Grow 5.8%, MBRI Says

The Monetary and Banking Research Institute (MBRI) said the output of listed manufacturing companies has increased. In a report it reviewed the monthly performance of 280 companies in the Tehran Stock Exchange and Iran Fara Bourse, the junior equities exchange.
Industrial companies logged 5.8% growth in the month to April 21 compared to the same period last year. On the monthly basis it was unchanged.
The companies account for almost half the industrial production in Iran and their performance is seen as a benchmark, the MBRI said on its website. A key factor contributing to IPI growth in recent months is the notable increase in production in the automotive and auto part industry.