Manufacturing PMI crashed to 35.7 in Feb, far below the 45.0 consensus estimate, and sharply down from 50.0 in January. A record low.
Non-Manufacturing PMI plummets to 29.6, also far below the 50.5 consensus, estimate, and down nearly 50% from the 54.1 in Jan. This too was a record low.
Putting these numbers in context, they are far, far worse than the prints for both series reported during the financial crisis, when the mfg PMI dropped to "only" 38.8, while the non-manufacturing PMI never even contracted.