Turnaround in Construction PMI

Iran Chamber of Cooperatives’ latest monthly report on Purchasing Managers’ Index for the construction sector signifies an improvement after three consecutive months of contraction.
The construction PMI in the current fiscal year’s 11th month (Jan. 21-Feb. 19) settled at 50 from 42.38 in the preceding month (Dec. 22-Jan. 20), indicating a 17.98% growth.
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.