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According to the National Association of Purchasing Management report, the manufacturing sector has shrunk for sixteen months in a row.
This is the sixth month in a row in which outlook in the eurozone private sector has shrunk.
Since the recession ended, the economy has grown by 2.5 per cent, but the financial sector has shrunk by 4 per cent.
But since its postrecession peak in April 2009 (not counting temporary Census hiring), the public sector has shrunk by 706,000 jobs.
Because the private sector has shrunk, many families depend upon a pension or public-sector wage to put bread on the table.
True enough, but the sector has shrunk for 15 of the last 16 quarters, suggesting that declines in this sector are not that unusual.
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Prices softened after data showed that China's factory sector had shrunk for the first time in seven months in December, further dampening demand for oil.
The government's stimulus package maintained momentum in social and low-cost housing as well as new schools and hospitals, at least until the middle of last year (see chart).As a result, although employment in the sector had shrunk by 186,000 by the end of September, this was a relatively small decline from its peak of 2.3m a year earlier.
At other top schools, like Harvard and Princeton, finance remains the leading field, though its edge over other sectors has shrunk.
"The economy has grown by just 1%, real wages have fallen, and the manufacturing and construction sectors have shrunk.
While other sectors have shrunk during the recession, these figures gave Science Minister David Willetts powerful ammunition to persuade the Treasury to back space as a key sector for further growth.
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