US economic activity tanks the most since 2009 as the coronavirus fuels an all-but-certain recession
US economic activity tanks the most since 2009 as the coronavirus fuels an all-but-certain recession
Carlo Allegri/Reuters IHS Markit's composite purchasing managers index plummeted to 40.5 in March from 49.6, reaching a record low for the metric and posting its steepest single-month drop since October 2009. The firm's services gauge sank 10.3 points to 39.1 in March, another record low and sharp contraction for the…
bubmagMarch 24, 2020