Business activity in New York City rebounded in November after taking a punch from Hurricane Sandy, the Institute of Supply Management said Tuesday.
The current Purchasing Managers Index came in at 525 in November, a number that shows business growth, as it is higher than the break-even point of 50.
In addition, optimism for business conditions over the next six months came to 75.3, posting "one of the largest one-month gains on record," the monthly report said.
The city's employment index showed growth at 51.6. The prices paid index came in at 54.7, sliding off of a six-month high.
Revenues remained in contraction. But 45.8 mark for revenues is expected to be temporary, as the Expected Demand index came in at 69.6.
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