US manufacturing output dropped by the most in just over 74 years in March as the novel coronavirus pandemic fractured supply chains, suggesting business investment contracted further in the first quarter. The Federal Reserve said on Wednesday manufacturing production plummeted 6.3 percent last month, the biggest decrease since February 1946. Data for February was revised …
US manufacturing activity contracted less than expected in March, but disruptions caused by the coronavirus pandemic pushed new orders received by factories to an 11-year low, reinforcing economists’ views that the economy was in recession. The Institute for Supply Management said on Wednesday its index of national factory activity fell to a reading of 49.1 …
US manufacturing output dropped by the most in just over 74 years in March as the novel coronavirus pandemic fractured supply chains, suggesting business investment contracted further in the first quarter. The Federal Reserve said on Wednesday manufacturing production plummeted 6.3 percent last month, the biggest decrease since February 1946. Data for February was revised …
