BUSINESS.news : Business activity in New York City fell in August to its lowest level in a year

Institute for Supply Management - New York, said seasonally adjusted index of current business conditions dropped to 55.6 in August from 59.4 in July, fine. 50 levels of growth and shrinkage separately. Future optimism and job growth eased as well, underscoring signs that the economic recovery to be reduced.The six-month outlook index reached a 14-month low, falling to 58.4 in August from a revised 69.6 in July. The group's index of job growth shifted into neutral. The employment index hit a 10-month low of 50.0 in August from a revised 51.5 in July.