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“In September, New York City purchasing managers reported the highest Employment number on record, according  to the survey taken by the Institute for Supply Management-New York,” the ISM New York reported on Tuesday.

Key takeaways from the press release

  • Current Business Conditions were at 72.5 in September, a 4 point drop from the 12-year high of 76.5 in August.
  • The Six-Month Outlook rose for the second consecutive month to 81.5 in September, reaching a 9-month high (85.7 in December 2017).  
  • Employment was at 73.8, up from 62.0 in August. Employment has never before been in the 70s.
  • Quantity of Purchases rose to 79.4 in September, up from 66.7 in August.
  • Prices Paid fell to 75.0 in September, down from 78.6 in August.