Research >> Economics
New York Purchasing Managers Business Activity expanded
|
New York City business activity expanded at the quickest rate in five months, according to the survey taken by the Institute for Supply Management-New York (ISM-NY). The Current Business Conditions index rose to 65.6 in November from 64.7 in October.
Future optimism reached a six-month high. The Six-Month Outlook index increased to 71.9 in November from 69.8 in October.
Purchasing and supply executives raised their volume of spending after briefly cutting it last month. The Quantity of Purchases index rose to 53.3 in November from 39.4 in October.
The jobs picture was the best in five months. The Employment index advanced to 55.6 in November from 54.4 in October.
Higher input prices were observed more broadly. The Prices Paid index was the highest in two years, rising to 58.9 in November from 51.1 in October.
Skilled labor shortages (a positive) and working capital shortages (a negative) again were the most prevalent business impediments.
Posted: November 30, 2010 Tuesday 08:30 AM