The February ISM-New York Report on Business was released at 9:45am ET on March 2, 2018.

Click here to read additional commentary on the February Report on Business

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In February, New York City purchasing managers reported an 18 point drop in Current Business Conditions month over month according to the survey taken by the Institute for Supply Management-New York. 

Current Business Conditions were at 54.5 in February, down significantly from the 11 year high of 72.5 in January. This index saw the largest move of any in the report this month. The Six-Month Outlook fell for the second month in a row, down to 64.7 in February from 76.1 in January. The six-month outlook has been a reliable short-run guide for current business conditions over time.