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Iran’s IPI Rises 4.9 Percent

Motor vehicle, trailer and semi-trailer manufacturing industries’ gave the biggest boost to the Industrial Production Index
The Central Bank of Iran calculates IPI using data on large industrial units with 100 workers or more operating in 24 industries.The Central Bank of Iran calculates IPI using data on large industrial units with 100 workers or more operating in 24 industries.

Most Iranian industries were on the path to growth during the three quarters of the previous fiscal year, but only a few accelerated enough to put recession behind them, according to the latest data on Industrial Production Index for large industrial units released by the Central Bank of Iran.
The nine-month period (March 21-Dec. 21, 2017) saw IPI grow 4.9% year-on-year to 102.5.
Each quarter also posted a healthy YOY growth. Q1 saw IPI rise 4.5%, then 5.3% in Q2 and finally 3.7% over the next three months.
IPI is an economic indicator measuring real output in various industries, with industrial production and capacity levels expressed as an index level relative to a base year, which CBI considers to be fiscal 2011-12, standing at 100. 
In other words, the index does not express absolute production volumes or values, but the percentage change in production relative to that year.

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