“Current Business Conditions fell for the 5th consecutive month, coming in at 63.4 in January, down from 65.4 in December,” the ISM-NY reported on Monday.
Key takeaways from the press release
- The Six-Month Outlook increased slightly after the 16.3 point drop reported in last month.
- Outlook increased to 58.3 in January, up from 57.1 in December.
- Employment, a seasonally adjusted index, fell for the 3rd month in a row, reaching an 8-month low of 53.1 in January.
- Current Revenues decreased after an uptick to a 3-month high in December, falling from 75.0 to 60.0 in January.
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