Industrial Performance Lackluster 

New data on the Purchasing Managers' Index for Iran’s industrial sector show local industries registered lackluster performance in the current Iranian year’s eighth month (Oct. 23-Nov. 21).
The Statistics and Economic Analysis Center of Iran Chamber of Commerce, Industries, Mines and Agriculture’s new report shows PMI for local industries settled at 52.49 for the month, slightly up from 51.66 in the preceding month (Sept. 23-Oct. 22). 
This is the sixth consecutive month the index is standing below 60.
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.