Financial Tribune - Iran’s National Business Environment Index stood at 6.05 points in Q4 of last fiscal year to register an increase of 0.33% compared with the preceding quarter

Iran’s business environment deteriorated in winter (Dec. 22, 2019-March 19) on a quarter-on-quarter basis, ending its four-season streak of improvement registered in autumn, Iran Chamber of Commerce, Industries, Mines and Agriculture reported.

Iran’s National Business Environment Index stood at 6.05 points in Q4 of last fiscal year (ended March 19, 2020) to register an increase of 0.33% compared with the preceding quarter and a decline of 3.51% over the same quarter of last year, the chamber said in a report published on its website.

The index calculated by ICCIMA measures business friendliness of Iran’s economy, with 10 indicating the worst grade. In other words, the decline in index is indicative of an improving business environment.