The largest drop in US industrial production over the past 100 years

The industrial production index (seasonally adjusted month-on-month) in the US fell by 13.7% in April – even during the Second World War and the Great Depression, there were no such sharp drops.

For comparison: during the crisis of 2008-2009, the strongest monthly decline was by 3.5%.

Another question is that at the end of the quarantine measures we are likely to see an equally sharp rise (we hope that because if the US continues to fall, the entire global economy will not be very good), so the total effect of the coronacrisis will not be so destructive.