Upturn in Construction PMI

Latest data released by Iran Chamber of Cooperatives on Purchasing Managers’ Index for the construction sector shows the index has emerged from the slump following the New Year holidays (March 21-April 3). 
The PMI for the construction sector settled at 35.32 in the second month of the current fiscal year (April 21-May 21) from 56.31 in the preceding month (March 21-April 20), indicating a 59.43% rise.
The first month of the Iranian year was marked by a slowdown in business activities across all economic sectors, including construction. However, the second month of the year, as shown in the accompanying graph, witnessed a recovery from the seasonal slump.
PMI is an indicator of the health of economic sectors and provides information about business conditions to decision-makers, analysts and purchasing managers.