ISM NY: Current Business Conditions were at 58.1 in November, up from 51.6 in October

"Current Business Conditions were at 58.1 in November, up from 51.6 in October. In October, Current Business Conditions increased for the first time since July, and in November they reached a four-month high," the Institue for Supply Management - New York reported on Monday.

Key highlights

The Six-Month Outlook increased to 69.7 in November, up from 62.6 in October.

Employment, a seasonally adjusted index, was 64.6 in November, reaching the highest level since August 2015.

Quantity of Purchases reached an eight-month high of 56.3 after October’s 14-month low of 45.0.

Prices Paid increased slightly to 62.5 in November from 60.0 in October, but it was enough to reach a 12-month high and less than the significant increase to Current Revenues.