Iranian Industrial Performance Showing Steady Improvement

atest economic indicators for manufacturing sectors provided by the Statistics and Economic Analysis Center of the Iran Chamber of Commerce, Industries, Mines and Agriculture suggest Iranian industries have improved their performance.

It is five months now that the ICCIMA Statistical Center measures the purchasing managers’ index (PMI) in Iran, under the Farsi acronym “Shamekh”.

According to its latest report, PMI for the final month of last Iranian year, Esfand, (Feb. 20-March 20) stood at 55.36 from 47.63 in the preceding month, Bahman (Jan. 21-Feb. 19), indicating a 7.73-point or 16.23% growth month-on-month.

PMI is an indicator of economic health for manufacturing and services sectors. The purpose of PMI is to provide information about current business conditions to company decision-makers, analysts and purchasing managers.