WASHINGTON, May 1 — The coronavirus pandemic caused manufacturing activity in the United States to post a historic decline in April, according to an industry survey today, and it may stay depressed for some time. The plunge in the Institute for Supply Management’s (ISM) manufacturing survey was...
But while manufacturing activity may not fall much further, ISM survey chair Timothy Fiore said until a vaccine is developed, factories may have to enforce social distancing guidelines and even battle new outbreaks, meaning activity will not easily return to pre-crisis levels. — Reuters pic
But while manufacturing activity may not fall much further, ISM survey chair Timothy Fiore said until a vaccine is developed, factories may have to enforce social distancing guidelines and even battle new outbreaks, meaning activity will not easily return to pre-crisis levels. The new orders index plunged by 15.1 points to 27.1 per cent, its biggest one-month drop since April 1951, while production declined by 20.2 points to 27.5 per cent — the lowest figure since the survey started in January 1948.
The survey declined in March as the virus began to hit and industries struggled with lockdowns to stop the virus.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jobless figures in Germany soar in April amid virus | The Malaysian InsightNumbers rise from 2.3 million last month to 2.6 million this month.
Read more »
MCO violation: 21 arrested in Petaling Jaya on April 29PETALING JAYA: Two men have been arrested for operating a sundry shop past the allowed time here.
Read more »
Gold prices soar in April as top central banks fight pandemic damageOverall sentiment for gold is still high, as investors seek havens amid the economic downturn. FMTNews Gold
Read more »
Singapore services, manufacturing firms negative on April-Sept outlook, say surveysSINGAPORE, April 30 (The Straits Times/ANN) - Manufacturing and services firms are negative on business prospects for the next six months, amid the Covid-19 pandemic which has cast a pall over the global economy.
Read more »
China's non-manufacturing PMI picks up in AprilBEIJING (Xinhua): The purchasing managers' index (PMI) for China's non-manufacturing sector came in at 53.2 in April, up from 52.3 in March, the National Bureau of Statistics said Thursday.
Read more »
China's manufacturing PMI falls in AprilBEIJING (Xinhua): The purchasing managers' index (PMI) for China's manufacturing sector eased to 50.8 in April from 52 in March, the National Bureau of Statistics (NBS) said Thursday (April 29).
Read more »