Local Industries Remain in Slump: New PMI Data Show

PMI for local industries settled at 51.69 in the current Iranian year’s ninth month (Nov. 22-Dec. 21), slightly down from 52.49 in the preceding month (Oct. 23-Nov. 21).

New data on the Purchasing Managers' Index show Iranian industries remain in a slump.

The Statistics and Economic Analysis Center of Iran Chamber of Commerce, Industries, Mines and Agriculture’s new report shows PMI for local industries settled at 51.69 in the current Iranian year’s ninth month (Nov. 22-Dec. 21), slightly down from 52.49 in the preceding month (Oct. 23-Nov. 21).

This is the seventh consecutive month the index is standing below 60.