PMI Surges 19%, Breaks Threshold

The Purchasing Managers’ Index, known by its Farsi acronym Shamekh, for Iran’s overall economy increased significantly in the current Iranian year’s sixth month (Aug. 23-Sept. 22) compared to the month before to stand above the threshold (50).
The PMI for Iran’s economy settled at 55.55 in the month ending Sept. 22 from 46.59 in the month ending Aug. 22, indicating an 8.96-point or 19.23% growth.
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, says the index shows that the economy is still in expansion mode. However, economic players are concerned about power outages and shortage of raw materials. 
The headline PMI is a number from 0 to 100, such that over 50 indicates an economic expansion compared with the previous month. A PMI reading under 50 indicates contraction and a reading of 50 implies no change.