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.