Research >> Economics
New York Purchasing Managers business activity jumps higer
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Business activity started off 2010 strongly, according to the survey taken by the Institute for Supply Management-New York (ISM-NY). The Current Business Conditions index jumped to 72.6 in January, the highest level since November 2006, from a revised 64.5 in December.
Seasonally-adjusted series have been recalculated using updated seasonal factors. This affects Current Business Conditions, the Six-Month Outlook and the NY-BCI from January 2005 to December 2009. Please contact the ISM-NY Business Survey Chair for the new historical data.
In a moonshot of future optimism, an extraordinary zero participants in the survey responded negatively about the outlook. The Six-Month Outlook index surged to 97.0 in January from a revised 81.4 in December.
Recovery in jobs and purchasing volumes continued. The Employment index came in at 54.2 in January from a revised 56.8 in December. The Quantity of Purchases index rose to 53.1 in January from 50.0 in December. Cost pressures stayed subdued. The Prices Paid index was 38.5 in January from a revised 35.1 in December.
Business Impediments: Like last month, "No difficulties" was the most popular response. Working capital shortages declined for a fifth straight month.
Posted: January 29, 2010 Friday 10:00 AM