ISM-New York, Inc.

Headlines Bounce, But Caution in the Details

New York City business activity expanded at the slowest rate in two years. Current Business Conditions index fell to 52.6 in June from 67.9 in May. The 15.3-point drop was the 10th largest on record .

New York City business activity expanded at the fastest pace in three months, according to the survey taken by the Institute for Supply Management-New York (ISM-NY). The Current Business Conditions index revved up to 67.9 in May from 56.9 in April.