It hasn't been this bad for US manufacturing since the financial crisis (USD, DXY)

The manufacturing recession may not have ended yet.
A preliminary reading of activity in May showed that output fell for the first time since the peak of the Great Recession.
Markit's flash manufacturing Purchasing Manager's Index (PMI) out Monday was 50.5. Economists had estimated that it improved to 51 from 50.8, according to Bloomberg. 
This index is basically on the edge of contraction, with 50 being the border between expansion and shrinkage.
The manufacturing secto