New York City business activity expanded in January at its fastest rate in eight months, as the current business conditions index improved to 60.1 in January from a revised 51.7 in December, according to the Institute for Supply Management-New York’s Report on Business index.

The report’s six-month outlook index rose to 64.5 from a revised 62.5. The NY-BCI crept to 536.5 from a revised 531.5.

A reading above 50.0 indicates expansion.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.