U.S. Manufacturing Output Takes Biggest Hit in 100 Years

Shutdowns caused by the coronavirus pandemic caused manufacturing output in the United States to drop by 13.7% in April, the steepest decline in the 101-year history of the industrial production index.

All major industries reported declines in output, with the production of motor vehicles and parts the most affected, experiencing a 72% decline in output.

Sources: Board of Governors of the Federal Reserve and Statista