29 Mar 2024
Monday 20 January 2020 - 16:03
Story Code : 368497

Slight recovery in Iran's housing PMI

Financial Tribune - Iran Chamber of Cooperatives has measured the purchasing managers index (PMI) for the countrys real-estate and construction sectors, under the Farsi acronym Shamekh, for the ninth month of the current Iranian year ending Dec. 21.

The new report says housing PMI in the month increased to 39.56 in the ninth Iranian month (Nov. 22-Dec. 21) from 38.5 in the eighth Iranian month (Oct. 23-Nov. 21), indicating a 2.75% improvement.

The index stood at 44.30 in the seventh Iranian month (Sept. 23-Oct. 22) when the first PMI report for the housing sector was published by ICC.

PMI is an indicator of the health of economic sectors. It provides information about current business conditions to decision makers, analysts and purchasing managers.
https://theiranproject.com/vdcgy79wuak93t4.5jra.html
Your Name
Your Email Address