Construction PMI at 8-Month High

The Purchasing Managers’ Index for Iran’s construction sector stood at an eight-month high in the last month of fiscal 2021-22 (Feb. 20-March 20, 2022).
Iran Chamber of Cooperatives’ latest monthly report on Purchasing Managers’ Index for the sector shows the index settled at 58 for the month under review from 50 in the preceding month (Jan. 21-Feb. 19), indicating a 17.44% rise.
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.