April NAPM-NY Index Plunges to 28.3 From 43.9

New York City business activity declined in April, dropping to levels not seen since Sept. 11, 2001, according to the National Association of Purchasing Management-New York’s Report on Business.

The current business conditions index slumped to 28.3 in April from an upwardly revised 43.9 in March. The report’s six-month outlook index dropped to 51.2 from a downwardly revised 63.8. The NY-BCI dropped to 356.0 from 366.9.

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