Manufacturers see new orders plunge to 11-year low as coronavirus spreads, ISM finds
April 01, 2020 at 10:22 AM EDT
American manufacturers began to feel the brunt of the coronavirus pandemic toward the end of March as new orders fell to the lowest level since the end of the 2007-2009 Great Recession, a new survey of executives showed. The Institute for Supply Management said its manufacturing index slipped to 49.1% last month from 50.1%.