ISM NY: Current Business Conditions eased to 56.3 in December

"Current Business Conditions were at 56.3 in December, down from 58.1 in November. In 2017, current business conditions ranged from a low of 46.7 in May to a high of 62.8 in July," the ISM New York announced on Wednesday.

Key highlights

With the December report, the year ends above the 12-month average of 54.9.

The Six-Month Outlook made a huge move to 85.7 in December, up from 69.7 in November.

Employment, a seasonally adjusted index, was 42.9 in December, ending three consecutive months of increases, but remaining higher than December 2016 (42.0).

Quantity of Purchases dropped slightly to 55.0, ending two consecutive months of increases.