The ISM New York Current Business Conditions index in the United States fell to 67.8 in November of 2018 from 69.8 in October, pointing to the slowest business growth in the New York area since June. Employment (72.7 from 82.1), purchases (59.4 from 70.6), current (65.6 from 72.2) and expected (78.1 from 80.6) revenues rose less and price pressures intensified (71.9 from 67.6). On the other hand, the Six-Month Outlook improved to 73.4 from 70.9. Ism New York Index in the United States averaged 55.91 percent from 1993 until 2018, reaching an all time high of 88.80 percent in December of 2003 and a record low of 23.40 percent in October of 2001.
Ism New York Index in the United States is expected to be 55.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Ism New York Index in the United States to stand at 60.00 in 12 months time. In the long-term, the United States ISM New York Index is projected to trend around 55.90 percent in 2020, according to our econometric models.