“Current Business Conditions were at 55.0 in June, down just slightly from 56.4 in May, falling for the second month in a row,” the Institute for Supply Management – New York, reported on Tuesday.
Below are the key quotes from the official publication
- This trend is interesting when compared to the six-month outlook of 85.7 reported in December 2017, the highest level of optimism seen in over a decade.
- The Six-Month Outlook rose to a six-month high of 78.1 in June, up from 66.9 in May.
- Employment, a seasonally adjusted index, rose to a seven-month high of 63.4 in June, up from 50.2 in May.
- Prices Paid fell to 55.9 in June, a welcome drop of 17 points after May’s seven-year high of 72.9. Prices paid was the biggest mover in this month’s report.
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