Economy, Domestic Economy

IPI Rises

IPI RisesIPI Rises

The Industrial Production Index reached 192.6 in the first quarter of the current Iranian year (started March 21), registering a 2.7% growth compared to the last quarter and 0.3% increase compared with the same period of last year, according to the latest report released by the Statistical Center of Iran. A closer look at the report shows that the price index for “coal industries and oil refineries” category contributed the most to the growth of the overall index followed by “motor vehicles, trailers and mini-trailers” and “chemical industry”. The IPI is an economic indicator that measures the real production output of manufacturing, mining and utilities sectors.