While economic data shows that USA manufacturing contracted in February, there is evidence that the tide may be turning. Read this article for more info.
U.S. factory activity slowed for the fifth straight month in February, but there is evidence that global headwinds for the manufacturing sector may be easing.
The Institute for Supply Management said Tuesday its gauge of manufacturing activity rose last month to 49.5 from 48.2 in January. The latest data shows the sector shrank, but the pace of the decline was less severe than it had been in recent months. A reading below 50 indicates the manufacturing sector is contracting.
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