New York City business activity rose to a five-month high in November, according to the Institute for Supply Management-New York’s Report on Business.
The current business conditions index climbed to 65.6 in November from 64.7 in October. Readings above 50.0 indicate expansion.
The report’s six-month outlook index rose to 71.9 from 69.8.
In a special question, 74% of respondents said the Federal Reserve’s quantitative easing will not change their willingness to borrow in the next half year, while 13% said it will make them less willing to borrow and 11% said it would make them more willing to borrow.