NEW YORK – New York City business activity improved at the fastest pace in four months, the Institute for Supply Management-New York’s Report on Business current business conditions index indicated.
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The current business conditions index climbed to 64.7 in October from 58.3 in September.
A reading above 50.0 indicates expansion.
The report’s six-month outlook index increased to 69.8 from 64.8. The NY-BCI climbed to 477.9 from 470.6.
The prices paid composite index slid to 51.1 this month from 53.3 last month, the quantity of purchases composite index fell to 39.4 from 54.2, and the supplier delivery time diffusion index dropped to 50.0 from 54.4. Employment rebounded to 54.4 from 53.3.
