(1/14/2014) The December 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.
The full December ISM-NY Report on Business is available ISM New York's site as a download.
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 came in at 63.8, continuing a strong four month run above the 60 mark rose.
- Future optimism reached a four year high of 73.2.
- Employment benefitted from the improved business conditions, reaching a four month high of 55.1.
- Quantity of Purchases remained neutral (50.0) for the second month in a row while Prices Paid rose to a nine month high of 60.0.
If you have 60 seconds, here is a little more:
December Question of the Month: In your opinion, the New York City region is currently in what type of environment for selling prices?
If you have 2 whole minutes to give:
The increased coverage of business constraints in the Report on Business includes the following:
- The total swing from greatest opportunity (Project Distribution) to greatest impediment (Cost of benefits) stayed consistent at 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 sixteen impediments above the breakeven point, one with an expected net effect of zero, and eight opportunities.
- Competition moved up fourteen positions as an increasing impediment, reversing its movement from last month, and Skilled labor fell eleven positions, moving just into the opportunity territory.