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Slight Improvement in Iran's Housing PMI

Slight Improvement in Iran's Housing PMI Slight Improvement in Iran's Housing PMI

The Purchasing Managers' Index for the housing sector in the fifth month of the current fiscal year (July 22-Aug. 21) settled at 52.94 from 52.78 in the preceding month (June 21-July 21). 
Iran Chamber of Cooperatives has measured the purchasing managers’ index (PMI) for the country’s real-estate and construction sectors, known by the Farsi acronym “Shamekh”, for the month ending Aug. 21.
The new data show the overall PMI settled at 52.94 from 52.78 in the fifth Iranian month, indicating a 0.3% improvement month-on-month.
An indicator of the health of economic sectors, PMI provides information about current business conditions to decision-makers, analysts and purchasing managers. 
Raw material inventory, employment conditions, new orders, supplier deliveries and export/production conditions were among the criteria quizzed, yielding a final score of between 1 and 100. 

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