Collapse

U.S. Manufacturing Collapse Signals Second Great Depression: Analyst

The ISM Manufacturing Index showed output declined 15% in April. But a Wall Street analyst says it’s much worse than it looks. Manufacturing was already in recession before the coronavirus crisis. U.S. manufacturing declined steeply in April. As measured by the ISM Manufacturing Index, industrial production in the United States fell to an 11-year low…

The Frightening Collapse of American Manufacturing Continues

The erosion of America’s manufacturing sector intensified at the end of the third quarter, as industrial production posted a steep drop month-over-month. While some of the decline was attributed to temporary factors like the General Motors strike, the downturn is part of a much broader trend that has intensified in the wake of the U.S.-China…