The ISM Non-Manufacturing Business Activity Index Shows to What Unfathomable Extent the US Economy Has Collapsed

by Wolf Richter
Wolf Street

But delivery times explode due to supply chain turmoil. The charts are brutal.

Business activity and production at US non-manufacturing industries in April collapsed to the lowest level since inception of the ISM Non-Manufacturing Index in 1997, from already weak levels in March.

Only one industry, Finance & Insurance, reported an increase in business activity; the remaining 17 industries – ranging from Arts, Entertainment, and Recreation to Utilities – reported a decline in business activity, with some of them essentially shut down in large parts of the US. The ISM Business Activity Index plunged to 26%. A level below 50% means contraction (historic data from YCharts, current data from ISM):

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