Industrial Sector's PMI Contracts by 10.14 Percent

The Purchasing Managers’ Index for the industrial sector during the third month of the current fiscal year (May 21-June 20) settled at 56.80 from 63.21 in the preceding month (April 20-May 20), indicating a 10.14% decrease month-on-month.
The Statistics and Economic Analysis Center of Iran Chamber of Commerce, Industries, Mines and Agriculture has been measuring PMI, known by its Farsi acronym Shamekh, for the past 21 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. 
The headline PMI is a number from 0 to 100. A PMI above 50 represents an expansion when compared with the previous month. A PMI reading under 50 represents a contraction, and a reading at 50 indicates no change. The further away from 50, the greater the level of change.