WASHINGTON: US factory activity last month dropped to its lowest level since July 2020 as supply chain snarls intensified amid a new wave of pandemic lockdowns in China, an industry survey said Monday.The Institute for Supply Management said its manufacturing index dropped almost two percentage points to 55.4 percent in April, against expectations for a modest increase but still above the 50-percent threshold indicating expansion.The culprit was a renewed flareup in the supply chain woes that have dogged American factories throughout their recovery from the Covid-19 downturn, and in particular China's aggressive moves to stop renewed outbreaks in Shanghai and other major cities.“Overseas par
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