INSUBCONTINENT EXCLUSIVE:
reported at 46.4, below the 50 mark that separates growth from contraction
The figure stood at 49.2 before the application of seasonal adjustment.Seasonal adjustment, or deseasonalization, is a statistical method
used to remove the seasonal component from a time series, allowing for the independent analysis of trends and cyclical deviations
After preparing dozens of PMI (Purchasing Managers' Index) reports, the Research Center of Iran Chamber of Commerce, Industries, Mines, and
Agriculture has now identified the seasonal components of these time series and prioritized seasonal adjustment in its monthly PMI
reports.The PMI reading of this month has dropped with a sharper slope compared to that of the preceding month, driven by persisting energy
shortages, increasing foreign exchange rates and rising output prices which has caused the production units to produce at levels lower than
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
Power and gas outages have interrupted the production process
In addition, concerns about shrinking foreign exchange revenues due to intensified sanctions, rising forex rates, as well as fluctuations in
the forex market have slowed the activities of many businesses.Rising import costs for raw materials have led to an increase in production
costs, ultimately driving up the final prices of commodities
The fall was mainly driven by sharp increases in the foreign exchange rate, energy shortages, as well as overnight regulations which have
sub-index has registered its highest in 22 months.EF/
