Why a Slowdown in Manufacturing Matters to the US

The manufacturing sector has long been the lifeblood of the US economy.
In recent times, however, that's not the case as the US is not as dependent on manufacturing as it once was. This doesn't mean it's not important. If the sector sees drops it will affect the local towns and cities where these manufacturing industries are located.
The US now has the provision of services as it's the main driver. Economists make it known that as a country becomes richer, people spend less on goods and more on services.
Manufacturing, however, is still a very important part of the US economy as it contributes about 1/3 of total GDP. Even though manufacturing is not a huge share of the U.S. economy, it "punches higher than its weight in the economic cycle because there are so many other parts of the economy that are linked to it," Williamson, with IHS Markit, said.



https://www.google.com/amp/s/www.pbs.org/newshour/amp/economy/making-sense/why-a-slowdown-in-manufacturing-matters-for-the-u-s-economy