Iranian PMI Retreats by 7%

The Purchasing Managers' Index for Iran’s economy settled at 53.28 in the third month of the current Iranian year (May 22-June 21) from 57.3 registered in the second month, indicating a 4.02-point or 7.01% decline.
The Purchasing Managers' Index for Iran’s overall economy staged a retreat in the third month of the current Iranian year (May 22-June 21) after it emerged from the Norouz (Iranian New Year holidays) contraction in the second month, new data released by the Statistics and Economic Analysis Center of the Iran Chamber of Commerce, Industries, Mines and Agriculture show.

PMI settled at 53.28 from 57.3 registered in the second month, indicating a 4.02-point or 7.01% decline.