The Purchasing Managers’ Index for the construction sector settled at 52.22 in the second month of the current Iranian year (April 21-May 21), up from 33.95 in the first month of the year (March 21-April 20), registering a 53.81% increase, new data released by the Iran Chamber of Cooperatives indicate.
The first month of every Iranian year is marked with a slowdown in activities across all economic sectors, including construction, due to the long Norouz (Iranian New Year starting March 21) holidays that last more than two weeks.
PMI is an indicator of the health of economic sectors and provides information about business conditions to decision-makers, analysts and purchasing managers.
June 06, 2023 18:55
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Construction PMI Emerges From Norouz Holiday Slump
The first month of every Iranian year is marked with a slowdown in activities across all economic sectors, including construction, due to the long Norouz (Iranian New Year starting March 21) holidays that last for more than two weeks
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