The ISM New York Current Business Conditions index in the United States fell to 65.4 in December of 2018 from 67.8 in November, pointing to the slowest business growth in the New York area since June. Employment (64.5 from 72.7), purchases (54.2 from 59.4), and expected revenues (62.5 from 78.1) increased less and price pressures softened (63.6 from 71.9). On the other hand, current revenues advanced at a faster pace, reaching a 3-month high of 75.0 (from 65.6 in November). Meantime, the Six-Month Outlook deteriorated to 57.1 from 73.4. Ism New York Index in the United States averaged 55.94 percent from 1993 until 2018, 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 55.90 percent in 2020, according to our econometric models.