Monthly Construction PMI Rallies 19.25% to Break Above Threshold

A new report by Iran Chamber of Cooperatives shows monthly Purchasing Managers’ Index for the domestic construction sector has grown to stand above the 50 mark.
PMI in the seventh month of the current Iranian year (Sept. 23-Oct 22) settled at 56.92 from 47.73 in the preceding month (Aug. 23-Sept. 22), indicating a 19.25% increase.
PMI is an indicator of the health of economic sectors and provides information about current business conditions to decision-makers, analysts and purchasing managers.
Raw material inventory, employment conditions, new orders, supplier deliveries and export/production conditions were among the criteria quizzed, yielding a final score of between 1 and 100.