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ISM-New York May 2014 Report on Business

ISM-New York May 2014 Report On Business At 55.3 - Spring Bounce!

PRLog - June 3, 2014 - MELVILLE, N.Y. -- New York City business activity expanded at the fastest pace in three months according to the survey taken by the Institute for Supply Management - New York Inc.

Current Business Conditions were 55.3 in May after hitting a ten month low in April.

Future optimism bounced off a five year low.  The Six-Month Outlook rose to 69.7 in May, the highest in three months.

Job growth shifted back to neutral after contracting last month.  Employment was 50.3 in May.

Purchase volume accelerated off the worst reading in three and a half years. Quantity of Purchases came in at 58.9 in May.

Prices Paid expanded at a solid 58.6 in May, but remained below February's three year high.

Growth in the top line and for forward guidance improved from a six-month low. Current Revenues were 58.7 in May, and Expected Revenues were 68.0 in May.

Potential Business Oppotunities/Impediments: Cost of benefits continued to top the table for impediments, while energy costs rose to second this month.  On the opportunity side, technology and capital equipment were noticeably more positive, suggesting stronger growth for business investment and productivity enhancements.

For a complete copy of the May 2014 Report on Business, visit our website at http://www.ismny.org.

James Martin

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Source:ISM-New York, Inc.
Location:Melville - New York - United States
Industry:Business, Consumer
Tags:ISM-New York, rob
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