October ISM-NY Index Drops to 60.8 From 72.9

New York City business activity "is emerging," as the Institute for Supply Management-New York's Report on Business current business conditions index expanded for three straight months, the group reported Friday.

The current business conditions index fell to 60.8 in September from 72.9 in September, the ISM-NY announced Friday.

A reading above 50.0 indicates expansion.

The report's six-month outlook index decreased to 68.9 from 69.5. The NY-BCI climbed to 377.9 from 372.5.

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