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Iran's Housing PMI Drops in Fourth Fiscal Month

The overall PMI settled at 52.78 in the fourth month of the current fiscal year (June 21-July 21) from 64.36 in the third month, indicating a 18% decline
Housing PMI Drops in Fourth Fiscal MonthHousing PMI Drops in Fourth Fiscal Month

The Purchasing Managers' Index for Iran's housing sector in the fourth month of the current fiscal year (June 21-July 21) settled at 52.78 from 64.36 in the preceding month (May 21-June 20). 
Iran Chamber of Cooperatives has measured the PMI for the country’s real-estate and construction sectors, under the Farsi acronym “Shamekh”, during the period under review.
The new data show the overall PMI settled at 52.78 from 64.36 in the third Iranian month, indicating an 18% decline month-on-month.
PMI is an indicator of the health of economic sectors. It provides information about current business conditions to decision-makers, analysts and purchasing managers.

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