ISM-New York Report On Business November 2016 At 52.5

MELVILLE, N.Y. - Dec. 2, 2016 - PRLog -- New York City business activity showed confidence and optimism after an uncertain summer and fall according to the survey taken by the Institute for Supply Management-New York.

Every index in the November Report saw gains over the previous month, some significantly so, reflecting the same upward trend being seen in the markets in the weeks since the Presidential election.

New York Metro
Current Business Conditions came in at 52.5 in November, passing the break even point of 50.0 for the first time since July.

The Six-Month Outlook reversed course in November, coming in at 60.8 after two consecutive months of decreases. The six-month outlook has been a reliable short-run guide for current business conditions over time.

Company Specific
Employment, a seasonally adjusted index, came in at 52.3 in November, after just barely passing the break even point in October at 50.6. Quantity of Purchases came in at 56.0 in November, reaching an eight month high and increasing nearly 12 points over the previous month.

News for the top line and forward guidance was positive as well. Current Revenue was 52.1 in November. Expected Revenues reached a six month high of 66.7.

Not to be outdone, cost pressures also increased in November as Prices Paid increased to 69.2, the highest point since May of 2011.

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