ISM-New York August 2013 Report On Business At 60.5

NEW YORK - Sept. 4, 2013 - PRLog -- New York City business activity backed off a two-year high, but still expanded at an above-average clip, according to the survey taken by the Institute for Supply Management-New York .

Current Business Conditions came in at 60.5 in August, the first back-to-back months above the lofty 60 level in two years.

Future optimism continued to expand at a solid pace, despite easing to a seven-month low.  The Six-Month Outlook was 62.4 in August.

Jobs improved for a third consecutive month. Employment rose to a two-year high of 59.8 in August.

Purchase volume picked up. Quantity of Purchases, 54.8 in August, expanded at a moderate pace.

Prices Paid, 45.3 in August, contracted for the first time in almost two years and fell to the lowest level in three years.

The top line was better and guidance was more positive. Current Revenues, 59.4 in August, reached a six-month high, and Expected Revenues, 74.2 in August, posted the highest reading in its 19-month history.    (For clarity, the former Revenues series has been renamed Current Revenues and the former Expected Demand series has been renamed Expected Revenues.)    For a complete copy of the report, visit our website at http://www.ismny.org.