Economics
Global Manufacturing Shrinks Most Since 2009 on Virus Pain
Medical staff at the Red Cross hospital in Wuhan, China on Feb. 28.
Source: AFP via Getty Images
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Global manufacturing contracted in February by the most since 2009 as the coronavirus severely disrupted demand, trade and supply chains.
The JPMorgan Global Manufacturing PMI fell 3.2 points to 47.2, snapping a three-month streak of expansionary readings, according to a report released Monday. Production plunged the most in almost two decades while the measure of new export orders also fell to the lowest since 2009.