National Business Environment Weakens for 3rd Quarter in Row

Iran’s business environment weakened for the third consecutive quarter in the autumn of the current year, according to Iran Chamber of Commerce, Industries, Mines and Agriculture.
Iran’s National Business Environment Index stood at 5.94 in Q3 (Sept. 23- Dec. 21) to register a 0.03 percentage point or 0.51% increase compared with the preceding quarter and a 0.01 percentage point or 0.17% increase compared with the corresponding quarter of last year, the chamber said in a new report published on its website.
The index calculated by ICCIMA measures business friendliness of Iran’s economy, with 10 indicating the worst grade. In other words, the decline in index is indicative of an improving business environment.