Iran’s PMI Stages Pushback

The Purchasing Managers' Index for Iran’s overall economy has declined to touch the threshold, overshadowed by diminishing purchasing power, recent unrest and internet outage.
The latest survey of businesses by the Statistics and Economic Analysis Center of Iran Chamber of Commerce, Industries, Mines and Agriculture — the sponsor and coordinator of PMI reports in Iran — shows the index settled at 50.19 in the seventh month of the current Iranian year (Sept. 23-Oct. 22) from 52.08 registered in the previous month, indicating a 1.89-point or 3.62% decrease.
PMI indicates the prevailing direction of economic trends in the manufacturing and service sectors. The headline PMI is a number from 0 to 100, such that over 50 indicates an economic expansion compared with the previous month. A PMI reading under 50 indicates contraction and a reading of 50 implies no change. 
It is an index of the prevailing direction of a country’s economic trends, aiming to provide information about business conditions to company directors, analysts and purchasing managers.