Financial Tribune - Purchasing Managers Index in the 10th month of the current fiscal year (Dec. 22, 2019-Jan. 20) settled at 44.26, indicating that Iran’s economy remains in recession, according to the Statistics and Economic Analysis Center of the Iran Chamber of Commerce, Industries, Mines and Agriculture.

The center has measured PMI, known by its Farsi acronym Shamekh, for the country’s economy as a whole over the last three months.

The overall PMI for the economy improved from 42.27 in the month ending Nov. 21, 2019, to 48.22 in the month ending Dec. 21, 2019, but slid to 44.26 in the month leading to Jan. 20.