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

• For the most part, the survey responses indicated a holding pattern - perhaps in anticipation of the Presidential election next week
• After September's eight-year low, Employment came in at 50.6 in October - listen to the podcast audio for what this really means
• Current Business Conditions came in at 49.2 in October, continuing to hover just below the break even point of 50.0 for the third month in a row.