Monthly Construction PMI Remains Contractionary

The Purchasing Managers’ Index for the construction sector remains in contraction mode, the latest data released by the Iran Chamber of Cooperatives show.
The PMI settled at 42.3 in the 10th month of the current Iranian year (Dec. 22, 2022-Jan. 20), up from 40.95 in the preceding month (Nov. 22-Dec. 21), which indicates a 3.26% increase.
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.