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Business Activity Growth Hits 12-Month Low on Supply Hold-Ups and Capacity Shortages
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UK Preliminary Manufacturing PMI misses estimates with 56 3 in Sept
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US Services PMI Plunges To 14-Month Low As Input Prices Soar
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US: Markit Services PMI retreats to 54 4 in September vs 59 5 expected
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Written by rjs, MarketWatch 666News posted last week about economic effects related to the coronavirus 2019-nCoV (aka SARS-CoV-2), which produces COVID-19 disease, has been surveyed and some articles are summarized here. We cover the latest economic data, especially the prospects for an infrastructure bill, stimulus checks, government funding, the Fed, the latest employment data, housing market reports, mortgage delinquencies & forbearance, travel, layoffs, lockdowns, and schools, as well as infrastructure and GDP. The bulk of the news is from the U.S., with a few more articles from overseas at the end. (Picture below is morning rush hour in downtown Chicago, 20 March 2020.) News items about epidemiology and other medical news for the virus are reported in a companion article.