ISM-New York July 2014 Report on Business

MELVILLE, N.Y. - Aug. 4, 2014 - PRLog -- ISM - New York July 2014 Report On Business - Best Month of 2014

New York City business activity expanded at the fastest pace in eight months, according to the survey taken by the Institute for Supply Management-New York (ISM- New York).

Current Business Conditions were 68.1 in July, the highest level since November 2013.

Future optimism rose to a five-month high. The Six- Month Outlook came in at 70.7 in July.

Job growth accelerated to the best reading in five months. Employment improved to 59.5 in July.

Purchase volume expanded at a more moderate pace than last month. Quantity of Purchases eased to 54.8 in July.

Prices Paid increased at the fastest rate in four months, at 64.3 in July.

We introduce the Prices Received index with this Report, a measure of selling prices by regional firms. Prices Received was stuck in neutral at 50.0 in July for a second straight month.

The top line and forward guidance both eased versus last month. Current Revenues were 61.8 in July, and Expected Revenues were 72.2 in July.

Potential  Business  Opportunities/Impediments: Both parts of labor compensation – cost of benefits and cost of labor – topped the table for impediments, with regulations and inflation also tied for second. The strongest opportunities came from management skills, domestic demand, foreign demand and skilled labor.