The Ministry of Industries, Mining and Trade's review of the first 11 months of the last Iranian year (March 20, 2020-Feb. 18) shows the output of 19 industrial products (out of 29 under review) registered growth compared with the corresponding period of the year before.
A total of 5,000 tons of acrylic fiber were produced during the 11 months, up by 293.2% year-on-year.
Production of washing machines rose by 49.9% to reach 1 million units.
A total of 591 combine harvesters were produced during the period under review, indicating a 48.9% YOY rise.
Television production stood at 1.13 sets to register a year-on-year increase of around 40%.
The output of refrigerators and freezers went up by 32.2% to exceed 1.9 million.
More than 254,200 tons of auto tires were produced over the 11 months, indicating a 20.4% YOY growth.
Synthetic fiber production rose by 18.6% YOY to stand at 255,400 tons.
Production of passenger vehicles stood at 829,100, up by 18.4% YOY.
Carbon black production hit 127,800 tons, showing a YOY increase of 16.2%.
A total of 19,863 tractors were manufactured over the period, indicating a 15% rise compared with the similar period of the previous year.
Particle board production reached 726,600 cubic meters, up 9.6% YOY.
Production of petrochemicals totaled 55.7 million tons, up by 9.4% compared with the first 11 months of the year before.
Production of pickup trucks stood at 74,461, up 7.8% YOY; refined industrial and motor oil at 610,900 tons up 7.3% YOY; fibers at 1.46 million cubic meters, up 4.7% YOY; cigarettes at over 52.3 billion, up 4.4% YOY; cardboard at 503,200 tons, up 3.5% YOY; shoes and other kinds of footwear at more than 127.5 million pairs, up 2.2% YOY and medicines at 45.2 billion items, up 0.03% YOY;
Meanwhile, vegetable oil production saw a 16.2% YOY decline during the same period to 1.38 million tons; production of pesticides and insecticides stood at 29,600 tons, down 14.5% YOY; leather at 38 million square feet, down 11.6% YOY; evaporative coolers at 1.01 million devices, down 11.3% YOY; electric motors at 7.7 million devices, down 10.6% YOY; polyester sewing thread at 248,600 tons, down 9.3% YOY; buses, minibuses and vans at 1,743 vehicles, down 7.5% YOY; polyester fibers at 212,300 tons, down by 3.5% YOY; different types of paper at 930,500 tons, down 3.2% YOY and detergent powder at 580,800 tons, down 1% YOY.
According to the Statistics and Economic Analysis Center of Iran Chamber of Commerce, Industries, Mines and Agriculture’s latest report, the Purchasing Managers’ Index for Iranian industries stood at an eight-month high.
The index for the 11th month of the current fiscal year (Jan. 20-Feb. 18) settled at 58.34 from 49.79 in the preceding month (Dec. 21, 2020-Jan. 19), indicating an 8.55-point or a 17.17% increase.
PMI is an indicator of economic health for manufacturing and services sectors. It 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 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.
PMI is based on a monthly survey sent to senior executives of more than 400 companies. It is based on five major survey areas: “new orders” (30%), “raw material inventory” (10%), “production” (25%), “supplier deliveries” (15%) and “employment” (20%).
The survey poses 12 questions about business conditions and any changes, whether it is improving, no changes or deteriorating.
Wood, paper and furniture industries posted the highest PMI with a reading of 67.03 while industries categorized as “others” registered the lowest PMI reading with 43.
