The ISM New York Current Business Conditions index in the United States rose 1.4 points to 50.0 in June 2019 from the previous month's two-year low of 48.6, boosted by a pick up in employment growth (60.9 vs 54.6 in May). Still, the quantity of purchases index plunged to the lowest level since July 2009 (34.2 vs 56.6) and the current revenues index dropped to a 13-month low (43.9 vs 60.5). On the price front, price levels paid for goods and services purchased from suppliers eased to a 12-month low (57.3 vs 72.4). The Six-Month Outlook fell to 51.0 in June, the lowest level reported since May 2009, as the expected level of revenues slowed (72.6 vs 73.7). Ism New York Index in the United States averaged 56.04 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 60.00 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.