The ISM-NY Current Business Conditions index jumped to 50.3 in August 2019 from a near three-year low of 43.5 in the previous month. The employment index rose to 69.0 in August, the highest in nine months, and the gauge for quantity of purchases increased for the second month in a row, reaching the breakeven point of 50.0. Expected revenues jumped 16.2 points to a four-month high, while current revenues dropped 3.2 points. Prices paid ease to 66.1 in August from 68.3 in July. The Six-Month Outlook continued the upward movement started last month to reach a four-month high of 71.4 in August, up from 63.2 in July. Ism New York Index in the United States averaged 55.98 percent from 1993 until 2019, reaching an all time high of 88.80 percent in December of 2003 and a record low of 23.40 percent in October of 2001.
Ism New York Index in the United States is expected to be 54.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Ism New York Index in the United States to stand at 51.00 in 12 months time. In the long-term, the United States ISM New York Index is projected to trend around 54.00 percent in 2020, according to our econometric models.