December 07, 2021 19:58

Monthly Construction PMI Slips Below Threshold

The Purchasing Managers’ Index for construction in the eighth fiscal month (Oct. 23-Nov. 21) settled at 42.8 from 56.92 in the preceding month (Sept. 23-Oct 22), indicating a 24.81% decrease

A new report by Iran Chamber of Cooperatives shows the monthly Purchasing Managers’ Index for the domestic construction sector has declined below the 50-mark.
PMI in the current Iranian year’s eighth month (Oct. 23-Nov. 21) settled at 42.8 from 56.92 in the preceding month (Sept. 23-Oct 22), indicating a 24.81% decrease.
PMI is an indicator of the health of economic sectors and provides information about current business conditions to decision-makers, analysts and purchasing managers.

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