October 12, 2021 19:14

Industrial PMI Above Threshold

The index for the current fiscal year’s sixth month (Aug. 23-Sept. 22) settled at 57.66 from 45.24 in the preceding month (July 23-Aug. 22), indicating a 27.45% increase

The Purchasing Managers’ Index for Iranian industries has edged above the threshold.
The index for the current fiscal year’s sixth month (Aug. 23-Sept. 22) settled at 57.66 from 45.24 in the preceding month (July 23-Aug. 22), indicating a 27.45% increase as reported by the Statistics and Economic Analysis Center of Iran Chamber of Commerce, Industries, Mines and Agriculture.
The PMI is locally known by its Farsi acronym Shamekh.
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.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

https://financialtribune.com/node/110683Click to copy the urlCopied

Republishing Guidelines