Monthly Construction PMI Remains Contractionary

EghtesadOnline: The Purchasing Managers’ Index for Iran’s construction sector settled at 42.3 during Dec. 22, 2022-Jan. 20, up from 40.95 in the preceding month (Nov. 22-Dec. 21), which indicates a 3.26% increase.

News ID: ۷۵۲۲۴۷

10 February 2023

The Purchasing Managers’ Index for the construction sector remains in contraction mode, the latest data released by the Iran Chamber of Cooperatives show.

The PMI settled at 42.3 in the 10th month of the current Iranian year (Dec. 22, 2022-Jan. 20), up from 40.95 in the preceding month (Nov. 22-Dec. 21), which indicates a 3.26% increase.

PMI is an indicator of the health of economic sectors and provides information about business conditions to decision-makers, analysts and purchasing managers.

Raw material inventory, employment conditions, new orders, supplier deliveries and export/production conditions are among the criteria surveyed, yielding a final score of between 1 and