MELVILLE, N.Y. – Feb. 2, 2017 – PRLog — New York City purchasing managers maintained their optimism while adjusting to ‘new’ normal business conditions in January, according to the survey taken by the Institute for Supply Management-New York.
With the exception of Quantity of Purchases, which was just below the breakeven point, all report indices stayed in growth territory in January, even as future optimism eased off the level seen in December.
New York Metro
Current Business Conditions came in at 57.7 in January, dropping from a fourteen-month high in December.
The Six-Month Outlook decreased to 66.2 in January after the eighteen month high seen in Decmber. The six-month outlook has been a reliable short-run guide for current business conditions over time.
Employment, a seasonally adjusted index, increased to 54.8 in January after falling to 42.0 in December. Quantity of Purchases came in at 46.9 in December, reversing the largely upward trajectory seen in the second half of 2016.
News for the top line and forward guidance continued to be positive, albeit without seeing significant changes over last month. Current Revenues were 55.0 in January, indicating no change from the previous month. Expected Revenues reached 69.0 in January, climbing to the highest level seen since November of 2015.
Prices Paid decreased for the second month in a row, falling to 54.7 in January.
For a complete copy of the report, visit our website at http://www.ismny.com.
Published at Thu, 02 Feb 2017 14:45:00 +0000