Factory output plummets across Asia and Europe, as efforts to limit the spread of the coronavirus continue to hammer the global economy
Factory output plummeted across Asia and Europe during April, according to surveys of purchasing managers, as efforts to limit the spread of the novel coronavirus dealt a blow to the global economy that has few precedents in its breadth and abruptness.
From India and Indonesia in Asia to Poland and Greece in Europe, purchasing managers at manufacturing businesses told data firm IHS Markit the same story: April saw the sharpest fall in output and other measures of activity on record.
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