Domestic Economy

PMI for Industries Gains 3.5%

The overall PMI for industries decreased from 52.22 in the month ending Oct. 21 to 47.63 in the month ending Nov. 20, but improved to 49.30 in the month ending Dec. 20
PMI for Industries Gains 3.5%
PMI for Industries Gains 3.5%

The Purchasing Managers’ Index for industries during the ninth month of the current fiscal year (Nov. 21-Dec. 20) settled at 49.30 from 47.63 in the preceding month (Oct. 22-Nov. 20), indicating a 1.67-point or a 3.51% 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 27 months. 
An indicator of economic health for manufacturing and services sectors, PMI provides information about current business conditions to companies’ decision-makers, analysts and purchasing managers. 
The headline PMI is a number from 0 to 100. A PMI above 50 represents an expansion when compared with the previous month. A PMI reading under 50 represents a contraction and a reading at 50 indicates no change. The further away from 50, the greater the level of change. 


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