News

Global Factory Output Plunges, With Slow Rebound Projected

Factory output plummeted across Asia, Europe and Latin America during April, according to surveys of purchasing managers, as efforts to limit the spread of the novel coronavirus dealt a blow to the global economy that has few precedents in its breadth and abruptness.

From India to Poland to Mexico, purchasing managers at manufacturing businesses told data firm IHS Markit the same story: April saw the sharpest fall in output and other measures of activity on record.

Read More

READ MORE:   Rony Abovitz confirms Magic Leap's new funding, will step down as CEO

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close