Iran Macroeconomic Indicators
Publication Date: September 12, 2017

 

 


 

*Note: Data are based on the Iranian calendar year where each month ends approximately on 20th day of the corresponding month in the Western calendar year. Month's numbers for these data are converted to the closest western month only for convenience


 

Inflation and Exchange Rate

In recent years, despite the growth of liquidity, other factors such as the stabilization of the exchange rate, the improvement of inflation expectations and the rate of interest on the bank had led to a reduction in inflation. Nevertheless, since the beginning of this year, with the relative increase of the exchange rate and rising inflation expectations, inflation has risen from 6.8 percent in March to 7.7 percent in August.

It is expected that in the coming months, along with a decline in bank interest rates that will release the compounded liquidity spring in recent years, the exchange rate will grow, and inflation will increase in both terms of liquidity and exchange rates.


 

Interest Rate

In August, as in recent months, due to the non-issuance of new bonds, the fall in the yield on Treasury bills continued. In the absence of new bonds or the entry of Sakhab to the market, we expect the decline in the rate of interest on Islamic bonds to continue, along with a decline in banks' interest rates, and even get more escalated.


 

Real Estate:

The month of August witnessed a significant increase in the number of transactions and recorded the largest number of transactions over the past three years. Is expected that, the increase in the number of transactions in August, which is partly due to the seasonal prosperity and drop in bank interest rates will be end the recession in the real estate market and hopefully without a sudden change in prices. The rise in prices in the housing sector in recent years had a gap with rise in prices (inflation), and this gap is likely to be lower in the coming months.

 


 

Foreign Trade

The trade balance in recent months, due to the stabilization of the exchange rate and the aftermath of the problem of money transfers in China, has been decreasing, which is expected to improve with increasing in exchange rates and resolving China's problems.

Imports and exports figures for May and June are not published until the moment of submission of the report.


 

Equities

The stock market has grown exponentially over the past two months, along with global commodity prices, especially metals. The monthly total returns were 2.8 percent in August, while the yields for metal base groups and metal ores were 20.1 percent and 18.6 percent, respectively.


 

Assets' Returns (1 Year, Trailing)


 

GDP


 

About Mofid

Mofid Securities is a leading brokerage and investment advisory firm in Iran. As the largest full-service broker, it provides domestic and international clients with a range of trading and investment services including online stock trading, mutual funds, ETFs, and managed accounts as well as market reports and commentaries. 
Mofid publishes this newsletter, Iran Market Reporter (IMR), in order to keep its readers updated on the latest news and events of Iranian capital market, especially Tehran Stock Exchange (TSE), as well as valuable information for individual and institutional investors.
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DISCLAIMER

This material is for information purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any specific securities.

All information contained in this publication has been researched and compiled from sources believed to be accurate and reliable at the time of publishing. However, in view of the natural scope for human and/or mechanical error, either at source or during production, MOFID SECURITIES COMPANY accepts no liability whatsoever for any loss or damage resulting from errors, inaccuracies or omissions affecting any part of the publication. All information is provided without warranty, and MOFID SECURITIES COMPANY makes no representation of warranty of any kind as to the accuracy or completeness of any information hereto contained.

This publication does not provide individually tailored investment advice and may not match the financial circumstances of some of its recipients. The securities discussed in this publication may not be suitable for all investors. The value of an investment can go down as well as up. Past performance is no guarantee of future success.

 

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