 ISM-New York July Report on Business at 55.2New York City business activity expanded for the first time in three months, according to the survey taken by the Institute for Supply Management-New York (ISM-NY). Current Business Conditions rose to 55.2 in July.
Aug. 2, 2012 - PRLog -- NEW YORK CITY REPORT ON BUSINESS - Relief
(New York, NY) New York City business activity expanded for the first time in three months, according to the survey taken by the Institute for Supply Management-New York (ISM-NY). Current Business Conditions rose to 55.2 in July. Future optimism also was the highest in three months. The Six-Month Outlook moved up to 61.7 in July. Purchase volume downshifted, but not employment. Quantity of Purchases, 45.7 in July, contracted for the first time in five months. Employment, 53.8 in July, expanded for the fifth time in the last six months. Price/cost pressures were more subdued than in the spring. Prices Paid came in at 51.4 in July. Two new indices make their debut in the July Report on Business: Revenues and Expected Demand (see tables on page 2). Both measures are more non-manufacturing oriented, have a six-month history from February 2012, and both have downshifted in the last two months from stronger readings earlier in the year. Supplier Delivery Times is now an unpublished index (data available upon request). The top three business impediments in order were no difficulties, skilled labor shortages and working capital shortages. Notably, the nine percent rise in skilled labor shortages was the largest in eight months. July’s Question of the Month: In your opinion, what are your organization’ For a complete copy of the report, visit our website at http://www.ismny.org. End
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