ISM NY: Business Conditions Index edges down to 69.8 in September from 72.5

"In October, New York City purchasing managers reported yet another new high level of Employment while indicating lower Current Business Conditions and a lower Six-Month Outlook, according to the survey taken by the Institute for Supply Management-New York," the ISM NY reported on Friday.

Key takeaways from the press release

• Current Business Conditions were at 69.8 in October versus 72.5 in September, down for the second consecutive month. 
• The Six-Month Outlook fell to 70.9 in October from 81.5 in September, the largest month-over-month drop since January-February 2018 (11.4).
• In October, Employment was at 82.1, increasing by 8.3 and reaching the 80s for the first time.
• Expected Revenues rose to 80.6 in October, up from 78.1 in September.