New York City business activity contracted in November, the third contraction in four months, as the current business conditions index improved to 47.2 in November from 44.0 in October, the Institute for Supply Management-New York's Report on Business current business conditions index indicated.

The report's six-month outlook index increased to 71.0 from 54.9. The NY-BCI slipped to 533.5 from 534.9.

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