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Wall Street had expected 47, a reading that would indicate a contraction of the manufacturing sector.
While the gauge continued to indicate a contraction in manufacturing, the upward movement was seen as a possible sign that manufacturing was beginning to pull out of its earlier slump.
Use an apostrophe with the word "it" only when you want to indicate a contraction for "it is" or "it has".
Similar(57)
The purchasing managers' indices in many emerging markets have fallen below 50, indicating a contraction in manufacturing (see chart 2).The second challenge posed by the weaker yen is the potential deflationary effect.
Any reading below zero indicates a contraction.
A reading below zero indicates a contraction.
A reading below 50 indicates a contraction of activity.
Though the number topped forecasts, a figure below 50 nonetheless indicates a contraction in manufacturing activity.
It was the first reading below 50, which indicates a contraction, since January.
A figure below 50 indicates a contraction in activity.
Any figure below 50 indicates a contraction in activity.
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