3/26: MetroIntelligence Economic Update by P. DUFFY

March U.S. Composite Output Index plummets record 18.3 percent to 40.5 The overall Markit Flash U.S. Composite Output Index plummeted from 49.6 in February to 40.5 in March (50 is the split between growth and decline). This is both the largest decline in a decade and a new series low. Service sector activity fell from 49.4 in February to 39.1 in March, a new series low. Manufacturing purchasing managers index fell from 50.7 in February to 49.2 in March, a 127-month low. Manufacturing output index fell from 50.7 to 47.6,…

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