IPI Growth at One-Year Low

Iran’s Industrial Production Index grew by 2.5% in the fourth month of the current fiscal year (June 22-July 22) compared with the same period of last year, which is the lowest growth rate in the past 12 months. 
According to a report by Tehran Chamber of Commerce, Industries, Mines and Agriculture citing the Monetary and Banking Research Institute of the Central Bank of Iran, the index had increased by 7.7% in the preceding month (ended June 21).
The automotive industry was the major contributor to industrial production during the month under review. 
In fact, the automotive industry’s IPI jumped 20.1% in the month ending July 22 to become the only contributor to the positive growth of the index during the month.