ISM-New York July 2015 Report on Business At 68.8

HARTSDALE, N.Y. - Aug. 4, 2015 - PRLog -- New York City business activity expanded at the fastest rate this year, according to the survey taken by the Institute for Supply Management-New York (ISM-NY).

Current Business Conditions rose to a seven-month high of 68.8 in July.

Future optimism backed off June’s five-year high, suggesting Current Conditions could follow suit in coming months. The Six-Month Outlook fell to 69.2 in July.

Job growth improved to an eleven-month high. Employment advanced to 64.8 in July.

Purchase volume cooled to a seven-month low. Quantity of Purchases decreased to 52.8 in July.

Both the top line and forward guidance grew at a slower pace. Current Revenues came in at 66.7 in July, and Expected Revenues was 72.2 in July.

Price pressures moderated and more so on the cost side. Prices Paid dipped to a two-year low of 50.0 in July, and Prices Received eased to 56.3 in July.

Potential Business Opportunities/Impediments: The most notable development was that concerns about compensation diminished. Cost of benefits and cost of labor, both at or near the top of the impediment scale over the last two years, were notably smaller headwinds.

For a complete copy of the July 2015 Report On Business, visit our website at http://www.ismny.com.