ISM-New York September 2013 Report On Business At 53.6

NEW YORK - Oct. 2, 2013 - PRLog -- New York City business activity grew at a more moderate pace, according to the survey taken by the Institute for Supply Management-New York (ISM-New York).

Current Business Conditions came in at 53.6 in September, easing off the first back-to-back months above the lofty 60 level in two years.

Future optimism faded somewhat. The Six-Month Outlook fell to a four-year low of 59.1 in September, but remained squarely in expansion territory.

Jobs stalled following a two-year high. Employment dropped to 50.2 in September.

Purchase volume contracted for the first time in four months. Quantity of Purchases fell to 46.3 in September.

Prices Paid, on the other hand, rose to a six-month high of 55.1 in September.

The top line was softer and guidance was less positive. Current Revenues, 47.3 in September, was in the red (below 50) for the first time in 10 months, and Expected Revenues, 62.5 in September, backed off August’s high.

For a complete copy of the September 2013 Report on Business, visit our website at http://www.ismny.org.