July 14, 2023 19:44

Construction PMI Declines

PMI for the construction sector settled at 51.12 in the third month of the current Iranian year (May 22-June 21), down from 52.22 in the second month of the year (April 21-May 21), registering a 2.1% decrease

The Purchasing Managers’ Index for the construction shows the sector is once again nearing contraction mode after briefly emerging from a nosedive at the beginning of the Iranian year (started March 21), which coincides with the long Norouz holidays that makes all economic sectors slump, according to the latest data released by the Iran Chamber of Cooperatives.

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