The Purchasing Managers’ Index for the housing sector in the second month of the current Iranian year (April 21-May 21) settled at 57.14 from 40.5 of the preceding month (March 21-April 20), indicating a 41.09% increase, Iran’s Chamber of Cooperatives reported.
PMI is an indicator of the health of economic sectors. It provides information about current business conditions to decision-makers, analysts and purchasing managers.
“Raw material inventory”, “employment conditions”, “new orders”, “supplier deliveries” and “export/production conditions” were among the criteria surveyed, yielding a final score of between 1 and 100.
If a business scores 50, it means that no change has been perceived compared to the previous month, while scores higher or lower than 50 indicate that the business is booming or stagnating respectively.
June 09, 2021 19:24
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