March 2017 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 March report, which can be downloaded here, allows us to make the following observations:

• New York City purchasing managers reported strong optimism in addition to a faster pace of activity in March
• All of this month’s indices - without exception - moved in a desirable direction in March. Three of them - the Six-Month Outlook, Current Revenues, and Expected Revenues - notably reached the highest level seen in multiple years. 
• For consideration: what do the six-month optimism and employment numbers actually indicate about current and projected business conditions in the New York Metro area?