Factory shutdowns near WWII demobilization levels in U.S.

THE FEDERAL RESERVE reported Wednesday that manufacturing output dropped 6.3% in March. / AP FILE PHOTO/TED S. WARREN
THE FEDERAL RESERVE reported Wednesday that manufacturing output dropped 6.3% in March. / AP FILE PHOTO/TED S. WARREN
WASHINGTON (AP) – American industry collapsed in March as the pandemic wreaked havoc on the United States economy. Manufacturing and overall industrial production posted the biggest declines since the United States demobilized after World War II. The Federal Reserve reported Wednesday that manufacturing output dropped 6.3% last month, led by plunging production at auto factories…

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