Overall Economy’s PMI Sinks Below Threshold

New data released on Purchasing Managers’ Index for Iran’s overall economy show a persisting downtrend for the fourth consecutive month.
The PMI, known by its Farsi acronym Shamekh, for Iran’s overall economy settled at 46.94 in the current Iranian year’s 10th month (Dec. 22-Jan. 20) from 50.97 registered in the previous month, indicating a 4.03-point or 7.87% decline.
According to the Statistics and Economic Analysis Center of Iran Chamber of Commerce, Industries, Mines and Agriculture, the sponsor and coordinator of the report, the survey shows most businesses faced a severe shortage of demand.