(10/9/2014) The September 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 September ISM-NY Report on Business is available on 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 rose to 63.7, above the long-run average of 55-56.
If you have 60 seconds, here is a little more:
- Future optimism improved to a seven month high of 71.4.
- Job growth cooled off to 57 afterlast month's record setting high of 67.4.
- Quantity of Purchases rose to 60.5, while Prices Paid fell to a 13 month low of of 52.5.
If you have 2 whole minutes to give:
The detailed coverage of business constraints in the Report on Business includes the following:
- The total swing from greatest opportunity (Management skills) to greatest impediment (Cost of Benefits) expanded to 80.
- There are twelve impediments, four neutral constraints, and nine opportunities.
- Regulations moved twelve positions as an increasing opportunity to become a neutral impediment. Occupancy moved seven positions as an increasing impediment.