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Business Conditions by Mark DeCambre | Bussiness conditions are at their worst level since the 2008 financial crisis, says Morgan Stanley

Mark DeCambre 5-6 minutes The business environment is deteriorating — fast. That is according to a gauge of business conditions tracked by Morgan Stanley, which said in a recent note that its proprietary Business Conditions Index, or MSBCI, fell 32 points last month, marking its sharpest collapse since the metric was formulated. The gauge touched its lowest point since the 2007-08 financial crisis. A separate composite business-condition index also fell by the most since 2008 and hit its lowest level since February of 2016. Morgan Stanley’s report comes as stocks