ISM-New York November 2015 Report On Business At 60.7

MELVILLE, N.Y. - Dec. 2, 2015 - PRLog -- New York City business activity moderated to a still healthy pace, according to the survey taken by the Institute for Supply Management-New York (ISM-NY). But divergence persisted between perceptions of New York metro and some company-specific activities.

New York Metro. Current Business Conditions eased off a three-month high to 60.7 in November. The Six-Month Outlook pulled back from a four-month high to 66.0 in November.

Company Specific. The losing streaks for job growth and purchase volume both stretched to three months. This marked the longest sustained contractions in Employment and Quantity of Purchases in six and three years, respectively. Employment came in at 39.9 in November. Quantity of Purchases registered 46.7 in November.

Both the top line and forward guidance bounced off two-year lows. Current Revenues were 57.1 in November. Expected Revenues rose to 71.4 in November.

Price pressures were mixed. Costs rose and selling prices haven’t expanded in three months. Prices Paid increased off a two-year low to 62.5 in November, while Prices Received was neutral at 50.0 in November.

*** Opportunities/Impediments: Cost of benefits and cost of labor were at the top of the impediment scale, with three others tied for third. Top opportunities were domestic demand and foreign demand, with two others tied for third. ***

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