Companies, Producers in Quandary Amid Economic Unpredictability

Local businesses and producers continue to suffer from fluctuations in foreign exchange rates against the rial as well as a decline in the purchasing power of customers and shortage of raw materials, the Statistics and Economic Analysis Center of Iran Chamber of Commerce, Industries, Mines and Agriculture said in a new report on the Purchasing Managers' Index. 
According to a new report, PMI settled at 49.14 in the ninth month of the current Iranian year (Nov. 22-Dec. 21) from 47.39 registered in the previous month, indicating a 1.75-point or 3.69% increase.
The change in PMI suggests that the recession gripping the economy remains in effect, albeit at a less steep pace.