Construction PMI Declines 

Latest data released by Iran Chamber of Cooperatives on Purchasing Managers’ Index for the construction sector shows the index declined in the third month of the current fiscal year following a hike in the second month, which in turn followed the slump that ensues the Iranian New Year holidays. 
The PMI for the construction sector settled at 52.77 in the third month of the current fiscal year (May 22-June 21) from 56.31 in the preceding month (April 21-May 21), indicating a 6.29% decline.
The first month of the Iranian year is marked by a slowdown in business activities across all economic sectors, including construction. However, the second month of the year, as shown in the accompanying graph, witnessed a recovery from the seasonal slump.