ISM-New York March 2015 Report on Business At 50.0

By: ISM-New York
 
MELVILLE, N.Y. - April 2, 2015 - PRLog -- New York City business activity shifted into neutral, according to the survey taken by the Institute for Supply Management-New York (ISM-New York).

Current Business Conditions fell to 50.0 in March.The last three months have been the most uneven stretch in six years.

Future optimism moderated, but remained elevated.  The Six-Month Outlook was at 69.4 in March.

Job growth improved moderately after contracting last month. Employment rose to 53.7 in March.

Purchase volume expanded steadily. Quantity of Purchases posted 54.8 for a second straight month in March.

The top line and forward guidance both eased. Current Revenues were at 50.0 in March, and Expected Revenues were at 58.7 in March.

Price measures were more contained. Prices Paid fell to 54.2 in March, and Prices Received came in at 52.2 in March.

Potential Business Opportunities/Impediments: Competition was the second largest net impediment alongside the usual suspects of cost of benefits and cost of labor. At the other end of the table, skilled labor was the biggest net opportunity and banking second. The significant drop off of domestic demand as a net opportunity bears watching.

For a complete copy of the report, visit our website at http://www.ismny.com.

Contact
James E. Martin
***@ismnewyork.org
8009750725
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