ISM-New York January 2013 Report on Business at 56.7

Feb. 4, 2013 - PRLog -- New York, NY  - Cresting Into 2013 New York City business activity expanded at the second fastest pace of the last nine months, according to the survey taken by the Institute for Supply Management-New York (ISM-NY).
Current Business Conditions came in at 56.7 in January from a revised 57.7 in December.

The Six-Month Outlook fell to a four-month low of 60.0 in January from a revised 69.0 in December.

Employment rose to a four-month high of 53.1 in January from December’s seven-month low of 49.7.

Quantity of Purchases, 59.3 in January, backed off December’s 19-month high.

Prices Paid, 53.7 in January, hit a six-month low.

Revenues, 62.0 in January, rose to a nine-month high, while Expected Demand, 61.5 in January, was the lowest in three months.

Hurricane Sandy continued to diminish as a business impediment. No difficulties were the most popular response for the first time in three months.

New for 2013
The ISM-New York Employment index will be published on a seasonally adjusted basis. Full history covers November 2007 to December 2012.

Annual update
Seasonally-adjusted series have been recalculated using updated seasonal factors. Current Business Conditions, the Six-Month Outlook and the NY-BCI from January 2008 to December 2012 have been revised. All data available upon request.

For a complete copy of the report, visit our web site at http://www.ismny.org.