Housing PMI Rallies by 19.4%

The Purchasing Managers' Index for the housing sector in the ninth month of the current Iranian year (Nov. 21-Dec. 20) settled at 60.67 from 50.78 in the preceding month (Oct. 22-Nov. 20). 
Iran Chamber of Cooperatives has measured PMI for the real-estate and construction sector, under the Farsi acronym “Shamekh”, for the ninth month of the current Iranian year ending Dec. 20.
The new data show the overall PMI settled at 60.67 in the ninth Iranian month from 50.78 in the eighth fiscal month, indicating a 19.48% 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.