Research >> Economics
New York Purchasing Managers Business Activity rose to 58.1 in November
|
New York City purchasing managers reported across the board increases according to the survey taken by the Institute for Supply Management-New York. All Signs Point ‘Up’.
New York Metro
Current Business Conditions were at 58.1 in November, up from 51.6 in October. In October, Current Business Conditions increased for the first time since July, and in November they reached a four-month high. The Six-Month Outlook increased to 69.7 in November, up from 62.6 in October. This month marks the first two consecutive months of increases since November and December of 2016. The six-month outlook has been a reliable short-run guide for current business conditions over time.
Company Specific
Employment, a seasonally adjusted index, was 64.6 in November, reaching the highest level since August 2015. Quantity of Purchases reached an eight-month high of 56.3 after October’s 14-month low of 45.0. News for the top line and forward guidance were both positive in November. Current Revenues came in at an eight-month high of 64.3 in November, up nearly 20 points from 45.5 in October. Expected Revenues were at 71.4 in November, tying with November 2015 and reaching a 15-month high. Prices Paid increased slightly to 62.5 in November from 60.0 in October, but it was enough to reach a 12-month high and less than the significant increase to Current Revenues.
Posted: December 4, 2017 Monday 08:30 AM