ICCIMA Scrutinizes National Business Environment in Q2

Iran’s business environment remained unchanged in the second quarter of the current year (June 22-Sept. 22) compared to the previous quarter, Iran Chamber of Commerce, Industries, Mines and Agriculture reported.    
Iran’s National Business Environment Index stood at 5.91 in Q2 (summer) of the current fiscal year to register a 0.01 percentage point or 0.16% increase compared with the preceding quarter (spring) but a 0.14 percentage point or 2.31% decrease compared with the corresponding quarter of last year, the chamber said in a report published on its website.
The index calculated by ICCIMA measures the business friendliness of Iran’s economy, with 10 indicating the worst grade. In other words, the decline in the index is indicative of an improving business environment.
Iran’s National Business Environment Index stood at 5.9 in Q1 (March 21-June 21) and 5.80 in Q4 (Dec. 21, 2020-March 20).