According to a recent survey by the Iranian Chamber of Commerce, raw material stocks of Iranian manufacturing companies are being rapidly depleted due to supply chain disruptions and rising costs squeezing industrial production. According to the survey, the manufacturing raw material inventory index fell to 39.3 from about 44.5 in July in August, and the overall economic purchasing managers' index fell to 46.9. An index below 50 represents economic contraction. The Iranian Chamber of Commerce warned that continued consumption of raw material inventories combined with weakness in other parts of the supply chain may become one of the most serious factors limiting the growth of industrial production in the coming months.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.