New York manufacturing activity sees record drop in March - New York Fed

NEW YORK, March 16 (Reuters) - Manufacturing activity in New York State plunged in March by the most on record to its lowest level since 2009 and optimism about the future was the lowest since the financial crisis more than a decade ago, the Federal Reserve Bank of New York said on Monday in one of the first U.S. economic data sets to reflect the impact from the coronavirus outbreak.

The New York Fed said its Empire State Manufacturing Index dropped last month to negative 21.5, the lowest since March 2009, from positive 12.9 in February. The 34 point drop was the largest in the survey's history dating to 2001.

Optimism about the future also fell to the lowest since 2009, it said. (Reporting by Dan Burns, Editing by Chizu Nomiyama)