Iran Manufacturing Sector, 2017-2018
This report provides a view of Iran’s manufacturing performance for a year 2017/18 (21 March 2017 to 20 March 2018). Figures are based on two kinds of statistics: Manufacturing Value Added (MVA) and Manufacturing Production Index (MPI). The manufacturing sector accounted for 12.4 percent of Iran’s GDP in 2017/18. As per the CBI latest figures, GDP rose by 3.8 percent year-over-year in the twelve months ended to 20 March 2017. The MPI determines the growth of the volume of manufacturing production in real terms and price adjusted (2011=100). This growth rate reflects the year-over-year changes in manufacturing production index. The manufacturing output growth rate would be a good variable of manufacturing value added (MVA) growth. The medium term MPI analysis shows after 6 years, overall real manufacturing production has reached the 2011 levels. The MPI index during 2017/18 is 105, just 5.5 point percent higher than 2011 level.