Over the month, US industrial production fell by more than 11% – the maximum for a hundred-year history of statistics.
According to the results of April, the volume of industrial production in the USA fell by 11.2% compared to March, according to the Federal Reserve on Friday, May 15.
It is noted that the fall was the highest for the entire 101-year history of conducting these statistics in connection with the “COVID-19 coronavirus pandemic, which forced many plants to slow down or suspend work for a month.”
At the same time, the fall turned out to be a bit smaller. than analysts expected.
In the first quarter of 2020, the US economy shrank 4.8% for the first time in six years.
Congress predicts that in the second quarter, US GDP will decline by 39.6% year on year, which could be the largest drop since the Great Depression.