Recession Impacts Industrial Demand

The new report on Purchasing Managers’ Index for Iranian industries shows the benchmark has distanced from the threshold, despite the uncertainty in business climate as nuclear talks in Vienna, Austria, prolong.
The Purchasing Managers’ Index for Iranian industries in the current fiscal year’s 11th month (Jan. 21-Feb. 19) settled at 51.5 from 50.31 in the preceding month (Dec. 22-Jan. 20), indicating a 2.37% rise. 
According to the Statistics and Economic Analysis Center of Iran Chamber of Commerce, Industries, Mines and Agriculture, the sponsor and coordinator of the report, most industries witnessed a decline in orders during the period under survey, as economic actors face a recession while awaiting the outcome of nuclear negotiations.