By Allison Prang
Business conditions in New York City fell to their lowest point ever measured, the Institute for Supply Management New York found in its March report.
ISM-New York's measurement for current business conditions was 12.9 for last month, which it said was its "lowest finding on record." The measurement fell 39 points from February.
ISM-New York said the six-month outlook was at 37.9 for March. It dropped of 15.9 points from February.
The seasonally-adjusted employment index hit a 42-month low and quantity of purchases hit a more than 10-year low, ISM-New York said. Prices paid declined to 50, down 4.2 points from February.
Measurements for revenue and for future revenue fell to their lowest points since they were added to the report just over eight years ago, ISM-New York said.
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(END) Dow Jones Newswires
April 02, 2020 09:59 ET (13:59 GMT)
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