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Iran: Uptick in Monthly Housing PMI

Uptick in Monthly Housing PMI Uptick in Monthly Housing PMI

The Purchasing Managers' Index for the housing sector in the seventh month of the current fiscal year (Sept. 22-Oct. 21) settled at 53.13 from 50.54 in the preceding month (Aug. 22-Sept. 21). 
Iran Chamber of Cooperatives has measured PMI for the country’s real-estate and construction sector, under the Farsi acronym “Shamekh”, for the seventh month of the current Iranian year ending Oct. 21.
The new data show the overall PMI settled at 53.13 in the seventh Iranian month from 50.54 in the sixth fiscal month, indicating a 5.12% increase.  
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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