Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here.
Continue Reading Below
The Federal Reserve said Friday that its industrial production index plunged a record 11.2% in April. Manufacturing output also posted a record drop — 13.7% — as production of cars, trucks and auto parts plummeted more than 70%. Output dropped 6.1% at mines and 0.9% at utilities.
This is a developing story. Please check back for updates.