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Industrial PMI Retreats in Month Ending Jan. 20

Industrial PMI Retreats in Month Ending Jan. 20 Industrial PMI Retreats in Month Ending Jan. 20

The Purchasing Managers' Index for the industrial sector during the 10th month of the current fiscal year (Dec. 22, 2019-Jan. 20) settled at 51.92 from 56.93 in the preceding month, indicating a 5.01-point or 8.8% decrease month-on-month. 
It is 16 months now that the Statistics and Economic Analysis Center of the Iran Chamber of Commerce, Industries, Mines and Agriculture is publishing reports on the PMI of industrial sector.
The industrial PMI is based on a monthly survey sent to senior executives of more than 400 companies. It is based on five major survey areas: New Orders (30%), Raw Material Inventory (10%), Production (25%), Supplier Deliveries (15%) and Employment (20%). 
The surveys include 12 questions about business conditions and any changes, whether it is improving, no changes or deteriorating. 

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