Iran’s Business Environment Deteriorates in 1st Quarter

Iran’s business environment deteriorated in the first quarter of the current fiscal year (March 21-June 21) compared to the previous quarter, Iran Chamber of Commerce, Industries, Mines and Agriculture reported.    
Iran’s National Business Environment Index stood at 5.90 in Q1 (spring) of the current fiscal year to register a 0.10 percentage point or 1.64% increase compared with the preceding quarter (winter) but a 0.11 percentage point or 1.91% decrease compared with the corresponding quarter of last year, the chamber said in a report published on its website.
The index calculated by ICCIMA measures business friendliness of Iran’s economy, with 10 indicating the worst grade. In other words, the decline in the index indicates an improvement in business environment.
Iran’s National Business Environment Index stood at 5.80 in Q4 of last fiscal year (Dec. 21, 2020-March 20) and 6.01 in Q1 of fiscal 2020-21.