The NAPM number was stronger-than-expected but was still under 50, which means a contraction, and there was a big jump in new orders. That was very encouraging. But that doesn’t mean that we’ve hit a bottom, not until we get over 50.
The NAPM number was stronger-than-expected but was still under 50, which means a contraction, and there was a big jump in new orders. That was very encouraging. But that doesn’t mean that we’ve hit a bottom, not until we get over 50.
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