NEW YORK CITY REPORT ON BUSINESS - Moderation and Other Mixed News
PRLog - Jun 04, 2013 - NEW YORK -- New York City business activity grew at a moderate pace, according to the survey taken by the Institute for Supply Management-New York (ISM-New York).
Current Business Conditions came in at 54.4 in May, about a point below the long-run average. Future optimism improved. The Six-Month Outlook rose to a five-month high of 67.0 in May.
The jobs picture disappointed. Employment fell below the breakeven 50 line, to 49.4 in May, for the first time in three months. Purchase volume contracted. Quantity of Purchases, 45.5 in May, fell to an eight-month low. Prices Paid, 54.5 in May, bounced off a nine-month low.
Revenues, 50.0 in May, hit a six-month low, but the increase in Expected Demand, to a three-month high of 64.7 in May, suggests slower revenue growth might not last. Business impediments had a better tone compared to last month. “No difficulties” and skilled labor shortages were above average, working capital shortages and security concerns were average, and everything else was below average.
May’s Question of the Month: In your opinion, what is your organization's profit outlook for the remainder of 2013? Shift toward neutral as highest percentage in four years said no growth in profits. The distribution of responses moved to the middle with fewer answering positively and fewer answering negatively this May compared to last May.
The ISM-New York REPORT ON BUSINESS is a monthly publication of ISM-New York, an affiliate of the Institute for Supply Management. Permission is granted to duplicate, republish or quote in whole or in part with credit.
For a complete copy of the report, visit our website at http://www.ismny.org.
Read Full Story - ISM-New York May 2013 Report On Business | More news from this source
Press release distribution by PRLog
Current Business Conditions came in at 54.4 in May, about a point below the long-run average. Future optimism improved. The Six-Month Outlook rose to a five-month high of 67.0 in May.
The jobs picture disappointed. Employment fell below the breakeven 50 line, to 49.4 in May, for the first time in three months. Purchase volume contracted. Quantity of Purchases, 45.5 in May, fell to an eight-month low. Prices Paid, 54.5 in May, bounced off a nine-month low.
Revenues, 50.0 in May, hit a six-month low, but the increase in Expected Demand, to a three-month high of 64.7 in May, suggests slower revenue growth might not last. Business impediments had a better tone compared to last month. “No difficulties” and skilled labor shortages were above average, working capital shortages and security concerns were average, and everything else was below average.
May’s Question of the Month: In your opinion, what is your organization's profit outlook for the remainder of 2013? Shift toward neutral as highest percentage in four years said no growth in profits. The distribution of responses moved to the middle with fewer answering positively and fewer answering negatively this May compared to last May.
The ISM-New York REPORT ON BUSINESS is a monthly publication of ISM-New York, an affiliate of the Institute for Supply Management. Permission is granted to duplicate, republish or quote in whole or in part with credit.
For a complete copy of the report, visit our website at http://www.ismny.org.
Read Full Story - ISM-New York May 2013 Report On Business | More news from this source
Press release distribution by PRLog
