Construction PMI at 23-Month Low in Iran

The Purchasing Managers’ Index for Iran’s construction sector hit a 23-month low in the current fiscal year’s first month (March 21-April 20).
Iran Chamber of Cooperatives’ latest monthly report on Purchasing Managers’ Index for the sector shows the index settled at 35.32 for the month under review from 58.72 in the preceding month (Feb. 20-March 20), indicating a 39.85% 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. 
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.