ISM-New York June 2012 Report On Business at 49.7

PRLog (Press Release) - Jul. 3, 2012 - NEW YORK CITY REPORT ON BUSINESS Stall Speed New York City business activity fell to an eight-month low, according to the survey taken by the Institute for Supply Management-New York (ISM-NY). The Current Business Conditions index was 49.7 in June compared to 49.9 in May, the first back-to-back readings below the expansion/contraction 50 line since late last year.

Future optimism moved down to an eight-month low, but remained in expansion territory suggesting any slowdown might be temporary. The Six-Month Outlook index came in at 56.7 in June from 60.2 in May.

Purchase volume and employment both expanded moderately. The Quantity of Purchases index (54.3 June vs. 53.3 May) rose to a seven-month high. The Employment index (54.3 June vs. 48.4 May) was at the best level in four months.

Price/cost pressures downshifted into neutral. The Prices Paid index fell to a seven-month low of 50.0 in June from 57.8 in May. Business impediments revealed a sharp increase in working capital shortages and a decline in skilled labor shortages, but “no difficulties” remained the most popular response.

To get a complete copy of the report, visit our website at http://www.ismny.org.