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Industrial PMI Bounces Back

The overall PMI for industries decreased from 55.25 in the month ending July 21 to 48.06 in the month leading to Aug. 21, but improved to 54.53 in the month leading to Sept. 21
Industrial PMI Bounces Back Industrial PMI Bounces Back

The Purchasing Managers’ Index for Iran’s industrial sector during the sixth month of current fiscal year (Aug. 22-Sept. 21) settled at 54.53 from 48.06 in the preceding month (July 22-Aug. 21), indicating a 6.47-point or a 13.4% increase.
The announcement was made by the Statistics and Economic Analysis Center of Iran Chamber of Commerce, Industries, Mines and Agriculture. The center is measuring PMI, known by its Farsi acronym Shamekh, in Iran for the past 24 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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