Covid-19

U.S. Factory Activity Stagnates as Coronavirus Disrupts Supply

U.S. factory activity declined in February as new orders contracted and concerns about coronavirus-related supply chain disruption spread across industries. The Institute for Supply Management’s PMI is clinging to expansion at 50.1 percent, down from 50.9 percent in January. Fifty is the line of demarcation between expansion and contraction. “Coronavirus is wreaking havoc on the…