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PMI Shows Industries Recovering From Steep Slump

PMI Shows Industries Recovering From Steep SlumpPMI Shows Industries Recovering From Steep Slump

Iranian industries are seeing significant improvement in their latest indices from purchasing manager surveys after steep declines earlier in the current fiscal year (started March 20).
The Purchasing Managers’ Index for the second month of the current fiscal year (April 20-May 20) settled at 63.21 from 28.06 in the preceding month (March 20-April 19), indicating a 125% increase month-on-month, according to the Statistics and Economic Analysis Center of Iran Chamber of Commerce, Industries, Mines and Agriculture. 
The center has been measuring PMI, known by its Farsi acronym Shamekh, in Iran for the past 20 months. 
PMI is an indicator of economic health for manufacturing and services sectors. It provides information about current business conditions to companies’ decision-makers, analysts and purchasing managers. 

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