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ISM-New York October 2013 Report On Business At 59.03

By: PRLog
Government Shutdown? What Government Shutdown? October ROB At 59.03
PRLog - Nov. 4, 2013 - MELVILLE, N.Y. -- New York City business activity grew at a faster pace, according to the survey taken by the Institute for Supply Management-New York (ISM-NY).

Current Business Conditions came in at 59.3 in October, not showing ill effects from the government shutdown.

Future optimism picked up. The Six-Month Outlook rose to a three-month high of 63.6 in October.

Jobs stayed close to neutral for a second straight month. Employment came in at 50.3 in October.

Purchase volume contracted by the most in three years, but some of this looks to be due to seasonal patterns. Quantity of Purchases fell to 42.9 in October.

Prices Paid rose to a seven-month high of 56.1 in October.

The top line improved, but guidance moderated. Current Revenues, 52.1 in October, bounced back from a contraction last month, and Expected Revenues, 60.4 in October, eased for a second month in a row. (For clarity, the former Revenues series has been renamed Current Revenues and the former Expected Demand series has been renamed Expected Revenues.)

For a complete copy of the report, please visit our web site at

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