New York City business activity expanded, according to the Institute for Supply Management-New York’s Report on Business’ current business conditions index.

The current business conditions index jumped to 67.9 in May from 56.9 in April. A reading above 50.0 indicates expansion.

The report’s six-month outlook index increased to 73.6 from 65.6. The NY-BCI climbed to 534.0 from 525.1.

Meanwhile, the seasonally adjusted Milwaukee index slipped to 62 in May from 68 in April, according to the Institute for Supply Management-Milwaukee.

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.