The AiG Manufacturing PMI plummets to 36.7 in April from 44.4 in March. It is the lowest reading since 2009. It was another ugly downshift in this already weakened sector. We have been witnessing an already heavily bruised manufacturing sector as clearly the most vulnerable sector in the economy. It’s now taken another body blow in April. If 44.4 in March wasn’t low enough, a reading of 36.7 in April puts activity back to 2009 levels.
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