Industrial PMI Declines by 2.9%

The Purchasing Managers' Index for the industrial sector of Iran dropped in the current Iranian year’s seventh month (Sept. 23-Oct. 22), latest data released by the Statistics and Economic Analysis Center of Iran Chamber of Commerce, Industries, Mines and Agriculture show.
It settled at 51.66 in the industrial sector in the seventh month from 53.25 in the preceding month (Aug. 23-Sept. 22), indicating a 2.9% fall. 
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.