The manufacturing business in the Euro Area, Japan, United States had declined

in the last year.

“Manufacturing has fallen off the cliff, and

it’s certainly the biggest decline since

the Second World War” said Dirk

Schumacher, senior European economist.

“Manufacturing makes up about two-thirds of U.S. exports, and

contributed more to G.D.P. growth over the last 20 years

than any other sector of the U.S. economy,” said David Huether,

chief economist from the National Association of Manufacturers.

Manufacturing equals about 14% of GDP in the United States, it totals

18%worldwide, and accounts for 33% of the GDP in China, according to the

World Bank.

The sudden reversal in global manufacturing suggests the Americans should not expect

economic relief from abroad soon, despite a slightly more optimistic mood on Wall Street lately and President Obama’s call for more

stimulus spending by foreign governments.