“Current Business Conditions were at 76.5 in August, a new 12 year high over the 75.0 seen in July, but still failing to surpass the 77.1 reported in November of 2006,” the ISM New York reported on Wednesday.
Key quotes
- The Six-Month Outlook rose to an 8 month high, coming in at 79.9 in August, up from 77.8 in July.
- The Outlook has been 76.0 or above for half of the months in 2018.
- Employment, a seasonally adjusted index, was the only index to decrease in August, falling slightly to 62.0 from 62.2 in July.
- Quantity of Purchases rose for the second month in a row, up 6.7 to 66.7 in August. This is the highest level reported since January of 2015, when Quantity was at 69.0.
Share
