TEHRAN – Iran’s new Purchasing Managers’ Index (PMI) data for the fiscal month of Esfand (February 20 – March 19, 2024), released by the Iran Chamber of Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), has marked a 10-month high.
The new PMI rose by a slight 0.74 points in the month under review to settle at 55.79, the ICCIMA portal reported.
Although the PMI was on an upward trajectory, it saw a slighter increase in comparison to the same month of last year largely due to the growing forex rate and concurrence with the fasting month of Ramadan.
The findings of this…
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News Source: www.tehrantimes.com