Housing PMI at 7-Month High

A new report by Iran Chamber of Cooperatives shows the Purchasing Managers’ Index for the housing sector is standing at a seven-month high of 64.28.
PMI for the housing sector in the 11th month of the current Iranian year (Jan. 20-Feb. 18) settled at 64.28 from 58.33 in the preceding month (Dec. 20, 2020-Jan. 19), indicating a 10.2% increase, according to the report.
PMI is an indicator of the health of economic sectors. It provides information about current business conditions to decision-makers, analysts and purchasing managers. 
Raw material inventory, employment conditions, new orders, supplier deliveries and export/production conditions were among the criteria quizzed, yielding a final score of between 1 and 100.