ISM-New York June 2015 Report on Business At 63.1

MELVILLE, N.Y. - July 2, 2015 - PRLog -- New York City business activity accelerated, according to the survey taken by the Institute for Supply Management-New York (ISM-New York). Gains were broad based: seven of eight indices were up on the month.

Current Business Conditions rose to a four-month high of 63.1 in June, matching February’s reading.

Future optimism vaulted to a five-year high, suggesting the potential for more near-term gains in Current Conditions. The Six-Month Outlook increased to 78.0 in June, the highest since October 2010.

Job growth improved to an eight-month high.  Employment advanced to 63.4 in June.

Purchase volume expanded at the fastest pace in five months. Quantity of Purchases improved to 62.5 in June, the first back-to-back readings above 60 in three years.

The top line rose more quickly, while forward guidance cooled from hotter levels the last two months. Current Revenues came in at 71.4 in June, and Expected Revenues was 76.9 in June.

Price pressures picked up.  Prices Paid rose to 56.3 in June, and Prices Received bounced to 57.1 in June.

***

Potential Business Opportunities/Impediments: Technology and skilled labor tied for top opportunity. Interest rates, banking, domestic demand and working capital tied for second. Cost of benefits remained the top impediment. Inflation was second.