Iran’s IPI Rises 4.9 Percent

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.