US: ISM-NY Business Conditions Index drops to 63.4 in January from 65.4 in December

"Current Business Conditions fell for the 5th consecutive month, coming in at 63.4 in January, down from 65.4 in December," the ISM-NY reported on Monday.

Key takeaways from the press release

• The Six-Month Outlook increased slightly after the 16.3 point drop reported in last month.
  • Outlook increased to 58.3 in January, up from 57.1 in December.
• Employment, a seasonally adjusted index, fell for the 3rd month in a row, reaching an 8-month low of 53.1 in January.
• Current Revenues decreased after an uptick to a 3-month high in December, falling from 75.0 to 60.0 in January.