Monthly Housing PMI Declines

The Purchasing Managers' Index for the housing sector in the eighth month of the current fiscal year (Oct. 22-Nov. 20) settled at 50.78 from 53.13 in the preceding month (Sept. 22-Oct. 21). 
Iran’s Chamber of Cooperatives has measured PMI for the country’s real-estate and construction sector, under the Farsi acronym “Shamekh”, for the eighth month of the current Iranian year ending Nov. 20.
The new data show the overall PMI settled at 50.78 in the eighth Iranian month from 53.13 in the seventh fiscal month, indicating a 4.42% decrease.  
PMI is an indicator of the health of economic sectors. It provides information about current business conditions to decision-makers, analysts and purchasing managers.