[ad_1]
IHS Markit, a financial information services company, revealed the Final Manufacturing Managers Index (PMI) for the month of April in the United States. It dropped to 36.1 from the initial report at 36.9 and decreased from 48.5 in March.
The PMI, below 50, indicates a contraction in the manufacturing sector. The April index fell to the lowest level since March. 2009 or in the last 11 years due to the blockade Including other measures taken by the state government to control the outbreak of the covid-19 virus. Affecting demand and the supply chain
The manufacturing sector, which represents 11% of economic activity in the US. USA Badly affected by the Covid-19 outbreak The Margit report states that April production fell more than when the global financial crisis. While new orders fell to the lowest level in more than ten years. Employment continued to decline. As for business confidence, it plummeted to a record low.
[ad_2]
