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Iran's Housing PMI at Record Low

Iran's Housing PMI at Record Low Iran's Housing PMI at Record Low

The Purchasing Managers' Index for Iran's housing sector fell to its lowest level in the month ending April 19 since the release of PMI reports began in the fiscal month ending Oct. 22, 2019. 
Iran Chamber of Cooperatives has measured PMI for the country’s real-estate and construction sectors, under the Farsi acronym “Shamekh”, for the first month of the current Iranian year ending April 19.
The report shows the overall PMI settled at 18.75 from 35 in the 12th month of last Iranian year (Feb. 20-March 19), indicating a 46% decline. That is a record-low PMI reading for the construction and housing sector since housing PMI was calculated.

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