Business Activity Accelerated In New York To A 5-Month High

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Photo: By doree on Instagram

ISM New York climbed to 54.3 in December, up from 52.5 a month ago.The latest reading reflects a 5-month high.

“Purchase volume expanded more quickly, while employment contracted for a second time in three month,” wrote the ISM.

“Hurricane Sandy appeared to be a lingering business impediment, as weather/natural disasters remained elevated in December.”

Read the whole report here.

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