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Economy in Brief

New York State Economic Conditions Deteriorate As Pricing Improves
by Tom Moeller  February 3, 2015

The Institute for Supply Management reported that, for New York State, their January index of business conditions expected in six months declined to 66.9, the lowest level in nine months. In addition, the reading for current economic conditions fell to 44.5, the first month below the breakeven level of 50 since June 2013.

Pricing power, however, improved. The January index of prices paid rose to 67.5, its highest level since May 2011.

The ISM figures are diffusion indexes and can be found in Haver's SURVEYS database. A diffusion index reading of more than 50% denotes growth while a reading of under 50% implies a contraction.

Persistent Overoptimism about Economic Growth from the Federal Reserve Bank of San Francisco is available here.

ISM New York (Diffusion Index) Jan Dec Nov Jan'14 2014 2013 2012
Economic Conditions Six Months Hence (SA) 66.9 72.9 70.5 70.0 69.5 65.0 64.9
Current Economic Conditions (SA) 44.5 70.8 62.4 64.4 59.7 58.4 55.2
Prices Paid (NSA) 67.5 54.5 62.5 63.0 61.2 55.3 56.4
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