ISM-New York April 2014 Report on Business

 
MELVILLE, N.Y. - May 2, 2014 - PRLog -- New York City business activity eased for a third straight month to the lowest level in ten months, according to the survey taken by the Institute for Supply Management-New York (ISM-NY).

Current Business Conditions were 50.6 in April, the slowest rate of expansion since June 2013.

Future optimism cooled to a five-year low. The Six- Month Outlook fell to 58.8 in April, the lowest reading since May 2009.

Job growth plunged below the breakeven level to a two- and-a-half year low. But this is two months removed from a record high. Employment was 43.1 in April.

Purchase volume contracted by the most in three and a half years, contrasting strength from two months ago. Quantity of Purchases came in at 41.7 in April.

Prices Paid moderated further to 57.7 in April, after a three-year high in February.

Growth in the top line and for forward guidance hit a six-month low. Current Revenues were 56.3 in April, and Expected Revenues were 62.5 in April.

Potential Business Opportunities/Impediments: One of the usual suspects for impediments – cost of benefits – continued to top the table. But competition has risen sharply as an impediment in April. And coincidentally, skilled labor has risen as an opportunity. Firms may be exploring the job market for more valuable workers to improve competitiveness.

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

Contact
James Martin
***@ismnewyork.org
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