Industrial PMI Drops by 5.6%

The Purchasing Managers' Index for the industrial sector of Iran has dropped in the third month of the current fiscal year (May 22-June 21) after a spike in the second month, which in turn followed a slump registered at the start of the Iranian New Year (March 21).
In the current fiscal year’s third month, the PMI for the industrial sector settled at 59.65 from 63.21 in the preceding month (April 21-May 21), indicating a 5.63% decline, according to the latest data released by the Statistics and Economic Analysis Center of Iran Chamber of Commerce, Industries and Mines. 
Locally known by its Farsi acronym Shamekh, PMI is an indicator of the economic health of manufacturing and services sectors. It provides information about current business conditions to companies’ decision-makers, analysts and purchasing managers.