News Column

N.Y. Manufacturing Index Reaches 3-Year High

December 3, 2013

UPI Business News

female worker manufacturing
The New York manufacturing index reached its highest point in three years in November (file photo)

Manufacturing activity in New York City expanded at the fastest pace in three years in November, the Institute of Supply Management said Tuesday.

A report from ISM-NY Inc. said the city's current business conditions index rose to 69.5 in the month, the strongest showing since October 2010.

The monthly survey found that optimism among manufacturers rose to a 12-month high with the Six Month Outlook index climbing to 69.6.

With 50 the break-even point for the indexes, employment -- with that index at 50.8 in November -- remained close to flat for the third consecutive month, the institute said.

Current revenues, at 65.8 in November, reached a nine-month high. Expected revenues, at 63.2, "expanded at a healthy clip," the report said.

Copyright 2013 United Press International, Inc. (UPI). Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Original headline: NY manufacturing index at 3-year high


For more stories covering business, please see HispanicBusiness' Business Channel



Source: Copyright 2013 United Press International, Inc. (UPI). Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.