Construction PMI Contractionary

Data released by the Iran Chamber of Cooperatives on Purchasing Managers’ Index for the construction sector shows it remains in contraction mode.
Construction PMI settled at 40.95 in the ninth month of the current Iranian year (Nov. 22-Dec. 21), up from 45.78 in the preceding month (Oct. 23-Nov. 21), which indicates a 10.55% decrease.
PMI is an indicator of the health of economic sectors and provides information about business conditions to decision-makers, analysts and purchasing managers. 
Raw material inventory, employment conditions, new orders, supplier deliveries and export/production conditions are among the criteria surveyed, yielding a final score of between 1 and 100.