SCI Puts Iran's Q1 Growth at 1.7%

The economy saw 1.9% growth without taking into account production in the oil sector, the SCI said

Iran's economy grew 1.7% during the first quarter of the current fiscal year (March 21-June 21) compared with last year's corresponding period, the Statistical Center of Iran said it its latest report.

The economy saw 1.9% growth without taking into account oil production, the report added.

SCI released the report a few days after the Central Bank of Iran put the GDP growth for the same period under review at 1.8%, including growth in the oil sector, and 0.7% excluding it.

The statistical center said "services" experienced the highest growth rate of 3.2% among the three major economic sectors. The "industry" group followed with 0.4%. Production by the agriculture sector shrank by 0.8%.

CBI said the services sector grew by 1.1% while the agriculture and industries and mines sectors grew by 0.3% and 0.1% respectively.

source: Financial Tribune

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