The Current Business Conditions index rose to 51.1 in December from 47.2 in November.
Future optimism pulled back from November’s six month high. The Six-Month Outlook index slipped to 63.7 in December from 71.0 in November.
Purchase volume and jobs turned negative. The Quantity of Purchases index (48.3 December vs. 54.3 November) has been uneven for four months. The Employment index (46.6 December vs. 52.1 November) contracted for the sixth month in seven.
Price/cost pressures picked up. The Prices Paid index rose to 55.4 in December from November’s five-month low of 48.9. Business impediments diminished in December. The biggest decline was in skilled labor shortages followed by “other” difficulties and security concerns.
For more information and a full copy of the report, visit our website at http://www.ismny.org.
NEW DAY, NEW TIME IN 2012
Starting in February 2012, the ISM-NY Report on Business will be released on the second business day of each month at the new time of 9:45am Eastern. The
ISM-NY Report on Business is predominantly a non-manufacturing survey and now will be the last word before the national ISM Non-Manufacturing Report on Business is released on the third business day.
2012 ISM-NY Report on Business release schedule:
Jan 3, 2013
(release time – 9:45am Eastern)
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ISM-New York is a not-for profit association that exists to educate, develop, & advance the purchasing & supply management profession. Members of ISM-New York are recognized as world-class professionals from small, medium & large organizations in NYC.