Iran’s PMI Surges to Record High

The overall Purchasing Managers’ Index, known by its Farsi acronym Shamekh, for Iran’s economy settled at 53.73 in the month ending Feb. 18 from 48.83 in the month ending Jan. 19, indicating 4.9 points or 10.03% improvement.
A report by the Statistics and Economic Analysis Center of the Iran Chamber of Commerce, Industries, Mines and Agriculture, the coordinator of the survey shows the index hit a 16-month high (since the beginning of PMI reporting). 
The headline PMI is a number from 0 to 100, such that over 50 shows an expansion of the economy when compared with the previous month. A PMI reading under 50 indicates contraction and a reading of 50 implies no change.