N.Y. Busi­ness In­dex Falls For Third Straight Month

The Bond Buyer - - Market News - — Gary E. Siegel

The New York econ­omy slipped in Novem­ber, with cur­rent con­di­tions falling to its low­est level since June, the In­sti­tute for Sup­ply Man­age­ment-New York’s Re­port on Busi­ness in­dex, re­leased Wed­nes­day, in­di­cated.

The cur­rent busi­ness con­di­tions in­dex fell to 67.8 in Novem­ber from 69.8 in Oc­to­ber.

A read­ing above 50.0 in­di­cates a faster pace of ac­tiv­ity, a read­ing be­low means slower ac­tiv­ity, while a 50.0 read­ing means no change from the pre­vi­ous month. The em­ploy­ment in­dex is pub­lished on a sea­son­ally ad­justed ba­sis.

The re­port’s six-month out­look in­dex grew to 73.4 in Novem­ber from 70.9 in Oc­to­ber.

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