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Manufacturing output and employment are down 15% since the start of the recession in December 2007 to October 2009. The share of domestic manufacturing consumption taken by imports has risen from 31% in 1998 to 37% in 2008.

Decline in Global Manufacturing in 2008-2009

11/02/2008

The decline in global manufacturing, as falling demand in western countries affects manufacturers in emerging market countries, and in turn will affect the western countries in what the emerging market countries will buy in imports of machinery and other tech products

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