U.S. factory gauge tumbles by most since 2008 as orders cool

UNITED STATES manufacturing plunged last month by the most since October 2008, a 5.2-point drop to a two-year low of 54.1 points on the Institute for Supply Management index. / BLOOMBERG NEWS FILE PHOTO/TY WRIGHT
UNITED STATES manufacturing plunged last month by the most since October 2008 with a 5.2-point decline to a two-year low of 54.1 points on the Institute for Supply Management index. / BLOOMBERG NEWS FILE PHOTO/TY WRIGHT
NEW YORK - A gauge of United States manufacturing plunged last month by the most since October 2008, a fresh sign of deceleration in the economy…

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