Please ensure Javascript is enabled for purposes of website accessibility

Despite Last-Minute Changes, Senate Bill Deals Big Blow to Renewable Energy

9 hours ago

Trump-Backed Tax-Cut and Spending Bill Passes US Senate

10 hours ago

Homeland Security Secretary Noem Says CNN May Be Prosecuted Over Report on Migration App

11 hours ago

Israeli Officials to Hold Ceasefire Talks in Washington Amid Military Escalation in Gaza

12 hours ago

Trump Escalates Feud With Musk, Threatens Tesla, SpaceX Support

12 hours ago

Musk Vows to Punish Lawmakers Who Back Trump’s Spending Bill

1 day ago

Will Valadao Spoil Trump’s Plan for July 4th ‘Big Beautiful Bill’ Signing?

1 day ago

Shaver Lake and Reedley 4th of July Shows Are Wednesday. Who Else Is Celebrating?

1 day ago
Factory Shutdowns Near WWII Demobilization Levels in US
gvw_ap_news
By Associated Press
Published 5 years ago on
April 15, 2020

Share

WASHINGTON — American industry collapsed in March as the pandemic wreaked havoc on the U.S. economy. Manufacturing and overall industrial production posted the biggest declines since the United States demobilized after World War II.

The lockdowns and travel restrictions imposed to combat COVID-19 have brought economic activity to a near-standstill. Output dropped 3.9% at utilities and 2% at mines as oil and gas drilling plunged, the Fed said.

The Federal Reserve reported Wednesday that manufacturing output dropped 6.3% last month, led by plunging production at auto factories that have entirely shut down. Overall, industrial production, which includes factories, utilities and mines, plummeted 5.4%. The declines were the biggest since 1946 and far worse than what economists had expected.

Production of autos and auto parts went into freefall, dropping 28%.

The lockdowns and travel restrictions imposed to combat COVID-19 have brought economic activity to a near-standstill. Output dropped 3.9% at utilities and 2% at mines as oil and gas drilling plunged, the Fed said.

[covid-19-tracker]

The Outlook Is Bleak for the Industrial Sectors

Factories were running at 70.2% of capacity last month, down from 75.1% in February and lowest since 2010 when the U.S. economy was still recovering from the 2007-2009 Great Recession.

“The outlook is bleak for the industrial sectors,” James Watson and Gregory Daco at Oxford Economics wrote in a research note. “With the global coronavirus recession leading to a sudden stop in activity at home and around the world, factory output is likely to fall even further in April. Major supply chain disruptions, reduced energy activity and tighter financial conditions will continue to represent major headwinds in the coming months.” They say industrial production could drop 15% overall.

In another sign that industry is in a full-scale retreat, the Federal Reserve Bank of New York’s index for manufacturing in New York state plummeted an unprecedented 57 points this month to -78.2, lowest lowest level in records dating back to 2001.

DON'T MISS

What Are Fresno Real Estate Experts Predicting for 2025 and Beyond?

DON'T MISS

First California EV Mandates Hit Automakers This Year. Most Are Not Even Close

DON'T MISS

Trump Pulls Back 150 Guard Troops From Federal Duties in California

DON'T MISS

Trump Says Israel Has Agreed to Conditions to Finalize 60-Day Gaza Ceasefire

DON'T MISS

Fresno County Man Arrested for Suspected Arson Hours After Separate Wildfire

DON'T MISS

New California Environmental Rollbacks Could Boost Housing Projects in Fresno

DON'T MISS

Iran Made Preparations to Mine the Strait of Hormuz, US Sources Say

DON'T MISS

Fresno Unified’s Embattled Nikki Henry Exits. ‘I Own My Mistake. I Won’t Let It Own Me.’

DON'T MISS

Trump Floats Daughter-in-Law Lara Trump for Senate Run in North Carolina

DON'T MISS

Google Hit With $314 Million US Verdict in Cellular Data Class Action

DON'T MISS

Tulare County Wildfire Prompts Advisory in Three Rivers Area

DON'T MISS

O’Brien Launches Fresno County Schools Chief Campaign by Handing Out ‘Homework’

UP NEXT

Suspect Identified in Ambush Shooting That Killed 2 Idaho Firefighters

UP NEXT

Suspect Identified in Ambush Shooting That Killed 2 Idaho Firefighters

UP NEXT

US Supreme Court Lets Parents Take Kids Out of Classes With LGBT Storybooks

UP NEXT

Bill Moyers, Broadcaster and LBJ’s White House Press Secretary, Dies at 91

UP NEXT

Tesla Executive, Elon Musk Confidant Leaves EV Maker, Bloomberg News Reports

UP NEXT

How a Birthday Boat Ride on Lake Tahoe Turned Tragic

UP NEXT

Cuomo Concedes to Mamdani in New York City Democratic Mayoral Contest

UP NEXT

Mamdani Holds Lead Over Cuomo in Democratic Primary for NYC Mayor

UP NEXT

Clovis Man Sentenced to 8 Years in Federal Prison in Deadly Fentanyl Case

UP NEXT

Victims Identified as Death Toll Climbs to 8 in Lake Tahoe Boating Tragedy

New California Environmental Rollbacks Could Boost Housing Projects in Fresno

3 hours ago

Iran Made Preparations to Mine the Strait of Hormuz, US Sources Say

4 hours ago

Fresno Unified’s Embattled Nikki Henry Exits. ‘I Own My Mistake. I Won’t Let It Own Me.’

4 hours ago

Trump Floats Daughter-in-Law Lara Trump for Senate Run in North Carolina

4 hours ago

Google Hit With $314 Million US Verdict in Cellular Data Class Action

5 hours ago

Tulare County Wildfire Prompts Advisory in Three Rivers Area

5 hours ago

O’Brien Launches Fresno County Schools Chief Campaign by Handing Out ‘Homework’

5 hours ago

Trump Says US Could Reach Trade Deal With India, Casts Doubt on Deal With Japan

5 hours ago

Jury Reaches Verdict on Some Counts at Sean ‘Diddy’ Combs’ Sex Trafficking Trial

5 hours ago

How Wimbledon Is Tackling Its Hottest Opening on Record

6 hours ago

Trump Pulls Back 150 Guard Troops From Federal Duties in California

LOS ANGELES — The Trump administration released about 150 National Guard troops on Tuesday in the first pullback since it dispatched a milit...

2 hours ago

2 hours ago

Trump Pulls Back 150 Guard Troops From Federal Duties in California

An Israeli military convoy manoeuvres near the Israel-Gaza border, as seen from Israel, July 1, 2025. (Reuters/Amir Cohen)
3 hours ago

Trump Says Israel Has Agreed to Conditions to Finalize 60-Day Gaza Ceasefire

Abel Joel Garcia Zarate, 39, of Biola, was arrested Sunday, June, 30, 2025, in Madera County on suspicion of starting a wildfire just hours after crews responded to a separate blaze sparked by farm equipment. (Madera County SO)
3 hours ago

Fresno County Man Arrested for Suspected Arson Hours After Separate Wildfire

3 hours ago

New California Environmental Rollbacks Could Boost Housing Projects in Fresno

An aerial view of the Iranian shores and the island of Qeshm in the strait of Hormuz, December 10, 2023. REUTERSStringerFile Photo
4 hours ago

Iran Made Preparations to Mine the Strait of Hormuz, US Sources Say

4 hours ago

Fresno Unified’s Embattled Nikki Henry Exits. ‘I Own My Mistake. I Won’t Let It Own Me.’

Lara Trump looks on during Republican presidential nominee and former U.S. President Donald Trump's rally, at the Palm Beach County Convention Center in West Palm Beach, Florida, U.S., November 6, 2024. (Reuters File)
4 hours ago

Trump Floats Daughter-in-Law Lara Trump for Senate Run in North Carolina

A Google logo is seen at a company research facility in Mountain View, California, U.S., May 13, 2025. (Reuters File)
5 hours ago

Google Hit With $314 Million US Verdict in Cellular Data Class Action

Help continue the work that gets you the news that matters most.

Search

Send this to a friend