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

• New York City purchasing managers expressed a surge of forward-looking optimism to end 2016
• Current Business Conditions came in at 63.8 in December, reaching a fourteen-month high
• Employment, a seasonally adjusted index, dropped December after rising above the breakeven point in November
• News for the top line and forward guidance continued to be positive, albeit without seeing significant changes over November