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The spreading economic troubles were underscored Wednesday when a closely watched gauge showed Chinese manufacturing contracting.
Julian Eaves, managing director of Preferred Compounding de México, a US-owned maker of rubber compounds operating in central Mexico, told the Guardian that the economic cost could run into the hundreds of millions or billions of dollars over the next five years, if manufacturing, contracting and indirect jobs fall short of current plans.
The worst-performing sectors of 2009 were manufacturing, contracting by 10.8%, while the construction sector shrank by 10.5%.
Clients include prominent federal, state and local government agencies and first responders and private industry including manufacturing, contracting, security, hospitality and education.
This has been compounded by growing weakness in Europe, with manufacturing contracting in several countries".While exporters are suffering, domestic demand remains strong.
Similar(55)
Manufacturing contracted.
[C6.] Manufacturing Shrank in November Manufacturing contracted in November.
Around the World: Manufacturing Contracts Even though global shipping reached a record volume, euro-area manufacturing contracted for the 16th straight month.
A survey showed German manufacturing contracted for a third straight month in December.
The Institute for Supply Management's monthly survey said manufacturing contracted for a second straight month in July.
In June, the survey showed manufacturing contracted for the first time in three years.
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