ISM-New York May 2015 Report on Business At 54.0

MELVILLE, N.Y. - June 2, 2015 - PRLog -- New York City business activity moderated, according to the survey taken by the Institute for Supply Management-New York (ISM-New York).

Current Business Conditions eased to 54.0 in May, but this still marked the first back-to-back readings above the breakeven 50 line all year.

Future optimism fell to a 15-month low. The Six-Month Outlook pulled back to 61.8 in May.

Job growth came off a six-month high, but still posted the second highest reading in seven months. Employment registered 57.3 in May.

Purchase volume expanded at the quickest rate in four months. Quantity of Purchases improved to 60.5 in May.

The top line moderated, but forward guidance continued to expand briskly. Current Revenues came in at 55.6 in May, and Expected Revenues remained elevated at 80.6 in May.

Price pressures diminished. Prices Paid fell to 55.0 in May, and Prices Received dipped to 47.2 in May, the first decline in selling prices in 12 months.

*** Potential Business Opportunities/Impediments: For the second straight month, a more favorable composition for near-term prospects. Domestic demand again was the top opportunity, this time by a wide margin and wide majority. Other notable opportunities were interest rates and banking, suggesting an increased willingness for leveraging up. Cost of benefits remained the top impediment, while cost of labor diminished further. Other notable impediments were inflation and competition.

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