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FinancialNews
11-09-22
PMI decrease shows request fall in Iranian markets
(MENAFN) A survey of the Iranian economy’s Purchasing Managers' Index (PMI) by Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) indicated that the index dropped to 48.06 in the fifth Iranian calendar month of Mordad (July 23-August 22) after a descending trend for three months in a row.
In the meantime, the PMI for the industrial area decreased to its worst for the last 12 months to reach 48.45 in the stated month as well, according to what was reported on Friday by the ICCIMA portal.
The data composed by ICCIMA Research Institute indicated that the index for new orders has also fell to the worst rate in the last 13 months, showing that the market is waiting for the outcomes of the nuclear discussions.
As stated by financial specialists, consumers are still waiting for the outcomes of the JCPOA talks and the decline in purchasing inclination of customers has produced a powerful decline in request.
MENAFN11092022000045014228ID1104844321
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