Iran’s new PMI data for the fiscal month of Dey (December 22, 2021 – January 20, 2022), released by the country’s Chamber of Commerce slipped below the threshold to the lowest in five months.
The Purchasing Managers’ Index, known by its Farsi acronym Shamekh, for Iran’s overall economy has fallen from 50.97 in the previous month to settle at 46.94 in Dey.
The Statistics and Economic Analysis Center of Iran Chamber of Commerce, Industries, Mines and Agriculture, the sponsor and coordinator of the survey, announces the whole economy PMI data in a report every month.
The headline PMI is a number from 0 to 100, such that over 50 shows an expansion of the economy when compared with the previous month. A PMI reading under 50 indicates contraction and a reading of 50 implies no change.
PMI is an index of the prevailing direction of economic trends, aiming to provide information about business conditions to company directors, analysts and purchasing managers.