NEW YORK, Dec. 4 (UPI) -- Business activity in New York City rebounded in November after taking a punch from Hurricane Sandy, the Institute of Supply Management said Tuesday.
The current Purchasing Managers Index came in at 525 in November, a number that shows business growth, as it is higher than the break-even point of 50.
In addition, optimism for business conditions over the next six months came to 75.3, posting "one of the largest one-month gains on record," the monthly report said.
The city's employment index showed growth at 51.6. The prices paid index came in at 54.7, sliding off of a six-month high.
Revenues remained in contraction. But 45.8 mark for revenues is expected to be temporary, as the Expected Demand index came in at 69.6.
|Additional Business News Stories|
OSLO, Norway, May 24 (UPI) --Norwegian oil and gas company DNO International said tests from a field in the Kurdish region of Iraq yielded an average flow rate of more than 100,000 bpd.
LEIDEN, Netherlands, May 24 (UPI) --With South Korea edging closer to deciding on a contractor for its $7.3 billion KF-X fighter program a European competitor is dangling a new carrot to its bid.