Iran Industrial Production Index Falls in Q1 After 4 Quarters of Growth

After experiencing four consecutive quarters of growth, the Industrial Production Index for large manufacturing units in Iran registered a downturn during the first quarter of the current fiscal year that ended on June 21, new data released by the Central Bank of Iran show.
According to latest figures disclosed by the monetary regulator, IPI decreased by 0.5% during the three months compared with the similar period of last year.