New York City business activity was down in February, according to the National Association of Purchasing Management-New York’s Report on Business.
The current business conditions index slumped to 29.6 in February from 38.4 in January, NAPM-NY reported Friday. The index has fallen for 13 straight months.
The report’s six-month outlook index plunged to 31.8 from 54.2. The NY-BCI dropped to 369.9 from 380.1.
The prices paid composite index inched up to 35.9 in February from 35.7 in January, the quantity of purchases composite index rose to 25.0 from 20.8, and the supplier delivery time diffusion index decreased to 51.6 from 52.8. Employment dropped to 21.9 from 22.2.