The manufacturing sector took a severe beating from late last year through most of this one.
According to Dr Daniel J. Meckstroth, chief economist of the US industry group MAPI (Machinery and Allied Products Institute) Manufacturers Alliance, in his report ‘The “Great” Global Manufacturing Recession’ (dated June 23, 2009), the economic downturn put a violent end to a long period of manufacturing expansion worldwide in 2008.
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