The chairman of the NAPM's business survey committee Norbert Ore was upbeat about the survey's findings.

BBC: US manufacturing hints at recovery

The reading for American manufacturing is consistent with GDP growth of 4.8%, according to Norbert Ore of the ISM.

ECONOMIST: The economic slowdown does not herald a double dip. Yet

"Usually when we see new orders drop significantly it's not a one-month event, " said Norbert Ore, chairman of the Institute for Supply Management manufacturing business survey committee.

FORBES

"While the manufacturing sector continues to decline, the rate of decline has slowed very quickly, giving some hope that recovery may come faster than is generally found in a major downturn, " said Norbert Ore, chair of the ISM's Manufacturing Business Survey Committee.

BBC: Factory