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Iran’s Economic PMI Improves

The overall PMI for the economy fell from 48.22 in the month ending Dec. 21, 2019, to 44.26 in the month leading to Jan. 20, but improved to 47.62 in the month ending Feb. 19
Iran’s Economic PMI ImprovesIran’s Economic PMI Improves

The Purchasing Managers’ Index for Iran's overall economy settled at 47.62 for the 11th month of the current fiscal year (Jan. 21-Feb. 19), indicating that the economy remains in recession, according to the Statistics and Economic Analysis Center of the Iran Chamber of Commerce, Industries, Mines and Agriculture.
The center has measured PMI, known by its Farsi acronym Shamekh, for the country’s economy as a whole reviewing the last five months.
The overall PMI for the economy fell from 48.22 in the month ending Dec. 21, 2019, to 44.26 in the month leading to Jan. 20, but improved to 47.62 in the month ending Feb. 19.

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