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IPFS News Link • Economy - International

Global Manufacturing PMI Crashes To Weakest Since 2009

• Zero Hedge - Tyler Durden

The global manufacturing sector suffered its steepest contraction since 2009 as demand, international trade and supply chains were severely disrupted by the COVID-19 outbreak.

Output fell across the consumer, intermediate and investment goods industries, with the steepest drop at investment goods producers.

Manufacturing production and new orders registered their sharpest declines since April 2009.