ISM-New York April 2013 Report on Business at 58.3

NEW YORK - May 2, 2013 - PRLog -- New York City business activity accelerated off a five-month low, according to the survey taken by the Institute for Supply Management-New York (ISM-New York).     Current Business Conditions rose to 58.3 in April, reversing nearly all of the March decline. In the last 12 months, there have been three hiccups, all of which faded.     Future optimism continued to be sustained, and this helps explain why the short-lived dips in current conditions did not turn into something more protracted. The Six-Month Outlook came in at 64.0 in April. The jobs picture had the best two-month stretch since last summer. Employment printed at 53.3 in April. Purchase volume picked up. Quantity of Purchases, 59.4 in April, bounced off a five-month low. Prices Paid, 51.6 in April, fell to a nine-month low. Revenues, 51.7 in April, hit a five-month low, but the increase in Expected Demand, to 62.9 in April, suggests slower revenue growth might not last.     Business impediments had a better tone compared to last month. Skilled labor shortages rose off a four-month low, working capital shortages fell to a four-month low and the percentage of respondents with no difficulties jumped to about a two-year high. However, security concerns were above average after the terror attack in Boston.    For a complete copy of the report, visit our website at http://www.ismny.org.