4.53% Uptick in Overall PMI

The overall Purchasing Managers’ Index, known by its Farsi acronym Shamekh, for the Iranian economy settled at 47.77 in the month ending Dec. 20 from 45.70 in the month ending Nov. 20, indicating 2.07 points or 4.53% improvement.
A new report by the Statistics and Economic Analysis Center of the Iran Chamber of Commerce, Industries, Mines and Agriculture, the sponsor and coordinator of the survey says the “raw materials inventory” sub-index hit its 14-month high over the month under review. 
The headline PMI is a number from 0 to 100, such that over 50 shows an expansion of the economy when compared with the previous month. A PMI reading under 50 indicates contraction and a reading of 50 implies no change.