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PMI Report Points to Business Downtrend

PMI Report Points to Business DowntrendPMI Report Points to Business Downtrend

The latest industrial purchasing managers’ index (PMI) surveys indicate that the Iranian economy relapsed to stagnation in the month ending June 21, despite a flurry of activity in many sectors during the previous month. 
The findings were released by the Statistics and Economic Analysis Center of the Iran Chamber of Commerce, Industries, Mines and Agriculture. 
PMI for the third month of the current fiscal year (May 22-June 21) stood at 50.66, down from 61.39 in the preceding month (April 21-May 21), indicating a 10.73-point or 17.47% decline month-on-month. 
It is nine months now that the Statistical Center of ICCIMA measures PMI in Iran, under the Farsi acronym “Shamekh”. 

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