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Iran's December PMI Shows Contraction

PMI has dropped from 41.91 in the Iranian month Mehr (Sept. 23-Oct. 22) to 39.21 in Azar (Nov. 22-Dec. 21); the quarterly average of 40.69 represents a contraction in Iran’s economic activities
Iran's PMI Dips to 39.2% in DecemberIran's PMI Dips to 39.2% in December

The Statistics and Economic Analysis Center of Iran Chamber of Commerce, Industries, Mines and Agriculture has measured for the first time the purchasing managers’ index in Iran, under the Farsi acronym Shamekh, for the quarter ending Dec. 21.
The new report shows Iran’s economy is in decline but production expectations were on the rise in the third quarter (Sept. 23-Dec. 21), giving rise to optimistic expectations for the industrial sector in the near future.
PMI is an indicator of economic health for manufacturing and services sectors. The purpose of PMI is to provide information about current business conditions to company decision-makers, analysts and purchasing managers.  

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