ISM-New York December 2015 Report On Business at 62.0

 
NEW YORK - Jan. 5, 2016 - PRLog -- New York City business activity expanded at a solid rate, according to the survey taken by the Institute for Supply Management-New York (ISM-NY). Divergence has become a theme between perceptions of New York metro and some company-specific activities.

New York Metro. Current Business Conditions edged up to 62.0 in December. The Six-Month Outlook rose to 70.7 in December.

Company Specific. The losing streak for job growth stretched to four months, while purchase volume hasn’t expanded in four months. Employment came in at 42.9 in December. Quantity of Purchases moved into neutral at 50.0 in December.

Divergence between the top line and forward guidance took the form of an inversion, the first in two years. Current Revenues moved up to 60.0 in December. Expected Revenues fell to 50.0 in December.

Price pressures continued to be mixed. Costs rose, but selling prices haven’t risen in four months. Prices Paid printed at 55.0 in December, while Prices Received was stuck in neutral again at 50.0 in December.

Opportunities/Impediments: Cost of benefits and cost of labor were one and two on the impediment scale, with competition also tied for second. Top two opportunities were foreign demand and domestic demand, respectively, with banking also tied for second.

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

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