One economic figure that can teach what is happening in Iran
The Purchasing Managers' Index in Iran fell in the last Persian month (ended August 22) to 48.05, a drop of over 2 points compared to the previous month. This is the third month in a row that this important index has fallen to its lowest level in about a year.
Doron Peskin, Middle East Expert 13.09.2022
Why is it important?
This index indicates the demand for services and products. If it is above 50 points, it means the economy is growing.
When it is below 50 today, it indicates a decrease in demand. What is the conclusion? The Iranian economy is in a state of waiting to see what the nuclear talks will cost. As long as there is no decision, Iranians are reducing demand.
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