ISM-New York November 2014 Report on Business At 62.4

MELVILLE, N.Y. - Dec. 2, 2014 - PRLog -- Uneven Expansion, Cooler Details

New York City business activity expanded at a faster pace, according to the survey taken by the Institute for Supply Management - New York, Inc.
(ISM-New York).

Current Business Conditions rose to 62.4 in November, continuing the uneven faster-slower expansion that has characterized the second half of 2014.

Future optimism remained elevated. The Six-Month Outlook came in at 70.5 in November, the fourth month in the last five above the lofty 70 threshold.

Job growth cooled to a seven-month low after some hotter months recently. Employment fell to 48.4 in November.

Purchase volume eased to a seven-month low. Quantity of Purchases decreased to 50.0 in November.

Price measures did not deflate with lower oil and gasoline prices. Prices Paid was at 62.5 in November, and Prices Received increased to 58.3 in November.

The top line and forward guidance both moderated. Current Revenues fell to a 13-month low of 53.1 in November, and Expected Revenues declined to a six-month low of 68.8 in November.

*** Potential Business Opportunities/Impediments: Cost of benefits and cost of labor were the biggest net impediments, but weather tied for second. Skilled labor was a notable net opportunity.

*** November’s Question of the Month: In your opinion, what is your firm's willingness to borrow over the next six months? Borrowing plans were modestly positive again this year, the same signal received last year at this time.

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