Iran’s large industrial units’ production index up by 6.7%

Business Materials 21 June 2015 17:26 (UTC +04:00)

Baku, Azerbaijan, June 21

By Fatih Karimov - Trend:

The main index of production by Iran's large industrial workshops rose by 6.7 percent in the past Iranian fiscal year, which ended on March 20.

The index hit 92.9, a 6.7 percent rise year on year, according to a report published by the Central Bank of Iran on June 21.

The report covers data from 14 groups of industrial units, among which motor vehicles showed the highest growth of 51.2 percent.

Based on the report, non-metal products, including cement and tiles, indicated a negative growth of 2.7 percent, while other groups, namely chemical substances and products, basic metals, food products, and power generation systems, showed positive growth of 1.7 percent, 3.9 percent, 8 percent, and 11.1 percent, respectively.

Iranian Deputy Industries, Mines and Trade Minister Hossein Aboui Mehrizi said on June 16 that Iran is forecast to reach six percent growth in the industry and mining sectors in the current Iranian fiscal year (March 2015-March 2016).

He said industry and mining sectors are the leading sectors in the national economy; therefore, their growth play significant role in the country's economic growth as well as gross domestic product (GDP) increase.