Iran’s Industrial PMI Rallies After 3 Months of Downtrend

The Purchasing Managers' Index for the industrial sector of Iran rallied in the current fiscal year’s sixth month (Aug. 23-Sept. 22) after three consecutive months of decline to stand above the threshold mark (50), latest data released by the Statistics and Economic Analysis Center of Iran Chamber of Commerce, Industries, Mines and Agriculture show.
PMI for the industrial sector settled at 53.25 in the sixth month from 48.45 in the preceding month (July 23-Aug. 22), indicating a 9.9% rise. 
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.