Data: Institute for Supply Management; Chart: Axios Visuals

U.S. services businesses saw their steepest drop in activity in April since the Great Recession with the Institute for Supply Management’s non-manufacturing index falling to 41.8, its lowest reading since March 2009.

Yes, but: The survey's prices paid index jumped to its highest since January and firms said they had seen the highest percentage of price increases since May 2018.

  • Why it matters: Despite the destruction in overall demand and waves of job losses, prices are not only holding firm — they are rising.

But, but, but: ISM's data shows price increases have been largely in the health care sector where the coronavirus pandemic has increased shipping costs as demand has skyrocketed and the number of flights, largely from China, carrying medical supplies has plunged.

  • The price increases also were noted in other areas, however, such as cleaning products, disinfectants and alcohol.

What's next: "When we come out of this lockdown, I don’t project or anticipate a V-type recovery, so I don’t know how prices will correlate to demand levels," Anthony Nieves, chair for ISM's non-manufacturing business survey committee, said during a call with reporters.

Go deeper: The coronavirus pandemic is hitting Main Street

Go deeper

Aug 14, 2020 - Health

The pandemic's toll on mental health

Illustration: Aïda Amer/Axios

One in four Americans between 18 and 24 years old say they've considered suicide in the past month because of the pandemic, according to a survey from the Centers of Disease Control and Prevention.

Why it matters: The findings confirm warnings from public health experts about the long-term mental health impacts from the pandemic.

Updated Oct 7, 2020 - Health

World coronavirus updates

Expand chart
Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

New Zealand now has active no coronavirus cases in the community after the final six people linked to the Auckland cluster recovered, the country's Health Ministry confirmed in an email Wednesday.

The big picture: The country's second outbreak won't officially be declared closed until there have been "no new cases for two incubation periods," the ministry said. Auckland will join the rest of NZ in enjoying no domestic restrictions from late Wednesday, Prime Minister Jacinda Ardern said, declaring that NZ had "beat the virus again."

Updated 24 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: The swing states where the pandemic is raging — Pence no longer expected to attend Barrett confirmation vote after COVID exposure.
  2. Health: 13 states set single-day case records last week — U.S. reports over 80,000 new cases for second consecutive day.
  3. Business: Where stimulus is needed most.
  4. Education: The dangerous instability of school re-openings.
  5. World: Restrictions grow across Europe.
  6. Media: Fox News president and several hosts advised to quarantine.