The ISM New York Current Business Conditions index in the United States climbed 5.8 points from a month earlier to a four-month high of 66.9 in March 2019, following six consecutive months of declines. The prices paid sub-index rose to 66.7 from 60.7 in the previous month, while growth slowed for employment (59.5 vs 60.7); quantity of purchases (61.1 vs 65.4); current revenues (62.5 vs 76.9); and expected revenues (62.5 vs 65.4). Meanwhile, the Six-Month Outlook fell to a nearly 10-year low of 53.0 in March from 71.5 in February. Ism New York Index in the United States averaged 56.02 percent from 1993 until 2019, 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 53.90 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 52.00 in 12 months time. In the long-term, the United States ISM New York Index is projected to trend around 54.00 percent in 2020, according to our econometric models.