“In October, New York City purchasing managers reported yet another new high level of Employment while indicating lower Current Business Conditions and a lower Six-Month Outlook, according to the survey taken by the Institute for Supply Management-New York,” the ISM NY reported on Friday.
Key takeaways from the press release
- Current Business Conditions were at 69.8 in October versus 72.5 in September, down for the second consecutive month.
- The Six-Month Outlook fell to 70.9 in October from 81.5 in September, the largest month-over-month drop since January-February 2018 (11.4).
- In October, Employment was at 82.1, increasing by 8.3 and reaching the 80s for the first time.
- Expected Revenues rose to 80.6 in October, up from 78.1 in September.
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