Iran’s Business Index Perks Up in First Fiscal Quarter

Iran’s business environment improved in the first quarter of the current year (March 20-June 20), despite the outbreak of coronavirus and its impacts, Iran Chamber of Commerce, Industries, Mines and Agriculture reported.    
Iran’s National Business Environment Index stood at 6.01 in Q1 to register a decrease of 0.66% compared with the preceding quarter and a decline of 2.59% over the same quarter of last year, the chamber said in a report published on its website.
The index calculated by ICCIMA measures business friendliness of Iran’s economy, with 10 indicating the worst grade. In other words, the decline in the index is indicative of an improving business environment.
Iran’s National Business Environment Index stood at 6.05 in Q4 of the fiscal 2019-20 and 6.17 in Q1 of the fiscal 2019-20.