(12/10/2013) The November ISM-NY Report on Business... in 30 seconds, 60 seconds, or 2 minutes
The ISM-New York Report on Business is released on the second business day of each month at 9:45 AM Eastern. Buyers Meeting Point has been following the ISM reports on business for a while now, helping you apply information from the indexes (which is collected from procurement professionals) to your own work. If you have never read the report, it can take some adjustment. We boil each report down to the most basic and usable components. The most important thing to keep in mind when reading this report is that no one number represents the findings of the report; each piece of data only has value when considered as part of a trend - relative to the month(s) or year before.
Note: A reading of 50% means no change from the prior month, greater than 50% indicates a faster pace of activity, and less than 50% a slower rate.
If you only have 30 seconds, here is what you should know about this month’s report:
The Current Business Conditions index rose to 69.5 in November, the highest result since October 2010.
- Future optimism continued to rise, reaching a twelve month high of 69.6.
- Employment stayed in neutral territory at 50.8 for the third month in a row..
- Quantity of Purchases were also neutral (50.0) while Prices Paid rose to a eight month high of 59.6.
If you have 60 seconds, here is a little more:
November Question of the Month: In your opinion, what is your firm's willingness to borrow over the next six months?
If you have 2 whole minutes to give:
The increased coverage of business constraints in the Report on Business includes the following:
- A decrease in the total swing from greatest opportunity (Foreign demand) to greatest impediment (Cost of benefits) from 87 to 80.
- Cost of benefits remains the top impediment, and has held that position since ISM NY started the increased coverage of constraints in July 2013.
- There are fifteen impediments above the breakeven point, four with an expected net effect of zero, and six opportunities.
- Working capital moved up seventeen positions as an increasing impediment, and Competition fell thirteen positions, moving into opportunity territory.