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Industrial PMI Plunges to Record Low

Industrial PMI Plunges to Record LowIndustrial PMI Plunges to Record Low

The novel coronavirus led to further deterioration of Iranian industries in the month ending April 19.
The Purchasing Managers' Index for the first month of current fiscal year (March 20-April 19) plummeted to a record low of 28.06 from 42.48 in the preceding month (Feb. 20-March 19), indicating a 14.42-point or 33.94% decrease month-on-month, according to the Statistics and Economic Analysis Center of Iran Chamber of Commerce, Industries, Mines and Agriculture's latest report. 
The index stood at 56.14 in the month ending Feb. 19.
The center has been measuring PMI, known by its Farsi acronym Shamekh, in Iran for the past 19 months. 

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