August 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 August report, which can be downloaded here, includes the following:

• New York city purchasing managers reported decreased current business conditions while indicating a significant increase in employment and moderate improvement to the six-month outlook.
• Economists are cautioning over-optimism about the ISM manufacturing national employment number because of the national jobs report, but the ISM-New York employment number is directionally aligned with almost no industry overlap.
• In February, the six-month outlook aimed to project the current business conditions we saw in August. How accurate were the purchasing managers?

Remember to check back in with me on Tuesday, October 3rd for the release of the September report.