ISM-New York April 2016 Report On Business At 57

NEW YORK - May 3, 2016 - PRLog -- New York City business activity expanded at the fastest pace in four months, but the drop in the outlook should raise a caution flag, according to the survey taken by the Institute for Supply Management-New York.

New York Metro
Current Business Conditions rose to 57.0 in April, the highest reading since December 2015.

However, the fall in the Six-Month Outlook, to a seven-year low 53.1 in April, caused the index to break below the 60-80 range that has been in place for most of the current economic expansion.

The tentative yellow flag in the Six-Month Outlook should be monitored closely since it has been a reliable, short-run forward-looking guide for Current Business Conditions.

Company Specific
Labor contracted for the seventh time in the last eight months, while purchase volume fell back below the breakeven mark for the first time in three months. Employment came in at 49.9 in April. Quantity of Purchases declined to 48.2 in April.

The top line stalled and forward guidance moderated.  Current Revenues dropped to 50.0 in April. Expected Revenues eased to 56.0 in April.

Cost pressures contracted back-to-back for the first time in six years. Prices Paid came in at 48.1 in April.

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