Markets

US industrial production tanks the most in 101 years amid factory lockdowns

US industrial production plummeted in April by the most since data collection began in 1919. Total production fell 11.2%, and manufacturing output declined a record 13.7% “as all major industries posted decreases,” the Federal Reserve said in a Friday release. Factory activity was one of the first economic areas to […]
US industrial production tanks the most in 101 years amid factory lockdowns