ISM NY: Current Business Conditions came in at 51.6 in Oct, up from 49.7 in Sep

Eren Sengezer FXStreet

"New York City purchasing managers reported modest improvements to a number of indices, while indicating reduced purchasing quantity and current revenues," the Institute for
Supply Management-New York reported on Thursday.

Key takeaways

Current Business Conditions came in at 51.6 in October, up from 49.7 in September.
The Six-Month Outlook increased to 62.6 in October.
Employment, a seasonally adjusted index, was 54.8 in October, moving into growth territory for the third time in 2017.
Prices Paid fell just short of reaching the highest point of 2017 (60.3 in June), coming in at 60.0 in October.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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