The November ISM-New York Report on Business

The ISM-New York Report on Business is released on the second business day of each month at 9:45am ET. The Report, which was first run in 1917, is a highly regarded indicator of business conditions in the New York Metro area including a six-month outlook, employment index, and current and expected revenues. 

The November report, which can be downloaded here, allows us to make the following observations:

• New York City business activity showed confidence and optimism after an uncertain summer and fall
• Every index in the November Report saw gains over the previous month, some significantly so, reflecting the same upward trend being seen in the markets in the weeks since the Presidential election
• Three of the indices came in at milestone levels: Prices paid, Quantity of Purchases, and Expected Revenues
• There is a close link between the Prices paid and Employment indices that we wil watch in the coming months