Iran: Purchasing Managers' Index Bounces Back

The Purchasing Managers' Index for the sixth month of the current fiscal year (Aug. 23-Sept. 22) settled at 50.43 from 45.79 in the preceding month (July 23-Aug. 22), indicating a 4.64-point or 10.13% increase month-on-month, the Statistics and Economic Analysis Center of the Iran Chamber of Commerce, Industries, Mines and Agriculture reported.
The overall PMI for industries fell from 50.07 in the month ending July 22 to 45.79 in the month ending August 22, but increased to 50.43 last month. 
It is 12 months now that the center is measuring PMI in Iran, under the Farsi acronym “Shamekh”. PMI is an indicator of economic health for manufacturing and services sectors. It aims to provide information about current business conditions to company decision-makers, analysts and purchasing managers. 
The headline PMI is a number from 0 to 100, such that over 50 represents an expansion when compared with the previous month. A PMI reading under 50 indicates contraction and a reading of 50 implies no change.