ISM-New York January 2016 Report On Business at 54.6

MELVILLE, N.Y. - Feb. 2, 2016 - PRLog -- New York City business activity expanded at the slowest pace in four months amid more intense global financial market turbulence, according to the survey taken by the Institute for Supply Management-New York (ISM-New York).

New York Metro
Both current and future indices fell to four-month lows. Current Business Conditions came in at 54.6 in January. The Six-Month Outlook printed at 63.3 in January.

Company Specific|
Job growth returned for the first time in five months, but weakness in purchase volume persisted for the fifth consecutive month. Employment rose to 56.9 in January. Quantity of Purchases declined to 46.4 in January.

There was a weaker tone for the top line and a stall in forward guidance. Current Revenues fell to 45.8 in January, the first contraction in three years and weakest reading in four years. Expected Revenues were stuck in neutral, at 50.0, for a second straight month in January.

Cost pressures picked up. Prices Paid increased to 60.7 in January. This marked the second time in the last three months the index was above the 60 threshold, a streak last seen in early 2015.

Survey Changes
As of the January 2016 Report on Business, ISM-NY will discontinue surveying and publishing the Prices Received index, Business Opportunities and Impediments and the Question of the Month.

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