facebook
twitter
rss
account
search
search
 

New York PMI positive for November

Dec. 4, 2012 at 12:04 PM   |   Comments

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.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
Notable deaths of 2014 [PHOTOS]

Notable deaths of 2014 [PHOTOS]

Most Popular
1
Hershey's new logo launched, compared to emoji poop
2
The 'Home of the Whopper' to keep headquarters in U.S.
3
Canadian media must broadcast official emergency notifications
4
France receives upgraded aerial tanker
5
Kurds raise oil funds for refugees
Trending News
Video
x
Feedback