Monthly Industrial PMI Down 14% v

The Purchasing Managers’ Index for Iranian industries during the third month of the current fiscal year (May 22-June 21) settled at 54.21 from 63 of the preceding month (April 21-May 21), indicating an 8.79-point or a 14% decline.
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 33 months. 
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.