Growth of NY Economy

According to Xinhua News Agency, this month New York encountered a substantial growth in its business activity.  There was an increase to 20.1 points for its main index number, with the general business conditions index surpassed expectations by of 15.5.

In terms of people’s level of satisfaction/happiness at the office it was hard to tell as 40 percent claimed conditions had improved throughout May but 20 percent said they had worsened. There are more employees though with the index for the number going up to 8.7

The index for number of employees edged up three points to 8.7, with a drop in hours for the average workweek.  Perhaps even more importantly, there has been an increase in optimism for the next six months.