The ISM New York Current Business Conditions index in the United States decreased to 61.1 in February of 2019 from 63.4 in January, pointing to a new-low growth in the New York area since June. Expected revenues fell (65.4 from 71.4 in January) while current revenues were seen higher (76.9 from 60), prices paid slowed (60.7 from 72.5) and both quantity of purchases (65.4 from 44.7) and employment (60.7 from 53.1) increased. Meanwhile, the Six-Month Outlook improved to 71.5 from 58.3. 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 56.00 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 57.00 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.