ISM-New York June 2014 Report on Business

MELVILLE, N.Y. - July 2, 2014 - PRLog -- New York City business activity expanded at the fastest pace in five months, according to the survey taken by the Institute for Supply Management-New York (ISM- New York).

Current Business Conditions were 60.5 in June, the highest level since January.

Future optimism maintained an elevated stance.   The Six-Month Outlook came in at 68.0 in June.

Job growth was modestly better than last month’s neutral reading. Employment was 51.0 in June.

Purchase volume continued to expand, albeit at a slower pace than last month. Quantity of Purchases eased to 56.3 in June.

Prices Paid expanded solidly, at 58.7 in June.

The top line and forward guidance both registered improvement. Current Revenues were 66.7 in June, and Expected Revenues were 72.7 in June.

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Potential  Business Opportunities/Impediments: Both parts of labor compensation – cost of benefits and cost of labor – topped the table for impediments. The strongest opportunities came from domestic  demand and foreign demand, a sign of consistency with the improvement in Current Business Conditions.

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