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.