PMI of Overall Economy Rebounds

The Purchasing Managers’ Index, known by its Farsi acronym Shamekh, for Iran’s overall economy settled at 53.84 in the month ending May 21 from 39.65 in the month ending April 20, indicating a growth of 14.19 points or 35.79%.
A report by the Statistics and Economic Analysis Center of the Iran Chamber of Commerce, Industries, Mines and Agriculture, the sponsor and coordinator of the survey, shows the index has bounced back from the seasonal slump in the first month of the year that coincided with the Iranian New Year holidays for a fortnight, although economic players remain concerned about the future. 
The headline PMI is a number from 0 to 100, such that over 50 shows an expansion of the economy when compared with the previous month. A PMI reading under 50 indicates contraction and a reading of 50 implies no change.