US Empire State manufacturing dropped to -78.2, record low by a wide margin

<p>US Empire State Manufacturing index dropped to -78.2 in April, down from -21.5. It’s the lowest level in the history of the survey “by a wide margin”. New orders and shipments declined at a record pace. Delivery times lengthened, and inventories fell. Employment levels and the average workweek both contracted at a record pace. Input […]</p>
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