New York City business activity contracted in October, the second contraction in three months, as the current business conditions index declined to 44.0 in October from 50.6 in September, the Institute for Supply Management-New York’s Report on Business current business conditions index indicated.

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.