Industrial PMI at All-Time High

Latest data released by the Statistics and Economic Analysis Center of Iran Chamber of Commerce, Industries, Mines and Agriculture show the Purchasing Managers’ Index for Iran’s industries has hit a record high.
In the current fiscal year’s second month (April 21-May 21), PMI settled at 63.21 from 37.02 in the preceding month (March 21-April 20), indicating a 70.75% rise, according to the center. 
Locally known by its Farsi acronym Shamekh, PMI is an indicator of the economic health of manufacturing and services sectors. It provides information about current business conditions to companies’ decision-makers, analysts and purchasing managers.