Housing PMI Decreases by 36%

The Purchasing Managers’ Index for the housing sector in the first month of the current Iranian year (March 21-April 20) settled at 40.5 from 63.93 in the preceding month (Feb. 19-March 20), indicating a 36.65% decrease, Iran Chamber of Cooperatives reported.
PMI is an indicator of the health of economic sectors and 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. 
If a business scores 50, it means that no change has been perceived compared to the previous month, while scores higher or lower than 50 indicate that the business is booming or stagnating respectively.