NEW YORK CITY REPORT ON BUSINESS - Now That’s a 180 - New York City business activity expands at fastest rate in over two years.
PRLog - Aug 02, 2013 - NEW YORK -- New York City business activity expanded at the fastest rate in over two years, according to the survey taken by the Institute for Supply Management-New York (ISM-NY).
Current Business Conditions came in at 67.8 in July, the highest level since February 2011. The 20.8-point swing from June to July tied for the fourth largest in the two decade history of the Report on Business.
Future optimism continued to expand at a solid clip. The Six-Month Outlook came in at 65.3 in July.
Jobs improved. Employment rose to a four-month high of 54.1 in July.
Purchase volume cooled. Quantity of Purchases, 53.6 in July, expanded at a moderate pace.
Prices Paid, 53.4 in July, rose off June’s 12-month low.
The top line was better and guidance was positive. Current Revenues, 58.9 in July, hit a five-month high, and Expected Revenues, 60.3 in July, bounced off June’s neutral reading.
(For clarity, the former Revenues series has been renamed Current Revenues and the former Expected Demand series has been renamed Expected Revenues.)
Improved business impediment/opportunity table. We have expanded the coverage of this part of the Report on Business, asking respondents not only if they judge specific issues as a business impediment, but also as a business opportunity. The opportunity-impediment indicator will help gauge how good or bad specific issues are supporting or weighing on current business conditions.
For a complete copy of the report, visit our web site at http://www.ismny.org.
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ISM-New York July 2013 Report On Business At 67.8
August 02, 2013 at 09:45 AM EDT