Iran Chamber of Cooperatives’ latest report on Purchasing Managers’ Index for the construction sector indicates that it is experiencing contraction.
The construction PMI in the current fiscal year’s 10th month (Dec. 22-Jan. 20) settled at 42.38 from 43.98 in the preceding month (Nov. 22-Dec. 21), indicating a 3.64% decline.
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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