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Manufacturing in U.S. Probably Grew in December at Faster Pace
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By Shobhana Chandra Jan. 3 (Bloomberg) -- Manufacturing in the U.S. probably grew in December at the fastest pace in seven months, reinforcing signs the expansion gained momentum at the end of 2010, economists said before a report today.
The Institute for Supply Management’s factory index rose to 57 from 56.6 the prior month, according to the median estimate of 57 economists surveyed by Bloomberg News. Readings greater than 50 signal growth. A separate report may show construction spending increased 0.2 percent in November. Factory production that was driven by inventory rebuilding at the start of the recovery may now be getting more of a boost from increased spending by American consumers and companies. The national figures follow recent regional data that showed manufacturing will remain a mainstay of the world’s largest economy. “We could see further strengthening in the manufacturing numbers for December,” said Conrad DeQuadros, a senior economist at RDQ Economics LLC in New York. “Manufacturing growth is being driven by a pickup in domestic demand rather than just inventory replenishment. It’s suggestive of a more sustainable recovery.” The Tempe, Arizona-based ISM’s report is due at 10 a.m. New York time. Estimates in the Bloomberg survey ranged from 55 to 60. Also at 10 a.m., the Commerce Department will release data on construction spending. Projections in the Bloomberg survey ranged from a drop of 0.8 percent to a gain of 0.7 percent, following a 0.7 percent increase in October. Regional Manufacturing Recent regional factory reports underscore the resilience of manufacturing at year-end. The Federal Reserve Bank of Philadelphia said Dec. 16 that factories in the region expanded in December at the fastest pace since April 2005. ISM-Chicago data on Dec. 30 showed businesses grew at the quickest pace in two decades. The strength in manufacturing has been reflected in higher share prices. The Standard & Poor’s Supercomposite Industrial Machinery Index, which includes Caterpillar Inc. and Deere & Co., jumped 47 percent last year, compared with a 13 percent increase in the broader S&P 500. Jabil Circuit Inc., which provides manufacturing services, is one company benefiting from stronger emerging economies such as China and India. St. Petersburg, Florida-based Jabil said Dec. 20 that its revenue rose $4.1 billion in the three months ended Nov. 30, up from $3.1 billion a year earlier. “At this point, in terms of U.S. spending, enterprise spending looks stable,” Timothy Main, chief executive officer of Jabil, said on a teleconference with analysts on Dec. 20. “International spending looks very strong and other areas of enterprise infrastructure are pretty robust.” Increased Exports The manufacturing industry, which accounts for about 11 percent of the economy, led the recovery from the worst recession since the 1930s as businesses rebuilt stockpiles they’d slashed during the slump. Rising exports have also spurred factory output. Further gains in manufacturing may come from a pickup in consumer spending, which accounts for about 70 percent of the U.S. economy. Retailers’ 2010 holiday sales jumped 5.5 percent for the best performance since 2005, according to MasterCard Advisors’ SpendingPulse, which measures sales by all payment forms. The gain was 4.1 percent a year earlier. The numbers include Internet sales and exclude automobile purchases. Economists in December boosted forecasts for fourth-quarter growth, reflecting a pickup in consumer spending and passage of an $858 billion bill extending all Bush-era tax cuts for two years. The legislation also continues expanded unemployment insurance benefits through 2011, trims payrolls taxes and includes accelerated tax depreciation for equipment purchases. Auto Sales Auto dealers are also seeing improved demand. Car sales in November rose to a 12.26 million unit pace, the highest since the government’s cash-for-clunkers program in August 2009, according to industry data. Housing, the industry that precipitated the recession, is still struggling. The projected gain for construction spending in November may reflect more of a boost from ongoing civil projects such as new roads and bridges using funds available as part of the federal stimulus effort.
Bloomberg Businesweek
By Shobhana Chandra Jan. 3 (Bloomberg) -- Manufacturing in the U.S. probably grew in December at the fastest pace in seven months, reinforcing signs the expansion gained momentum at the end of 2010, economists said before a report today.
The Institute for Supply Management’s factory index rose to 57 from 56.6 the prior month, according to the median estimate of 57 economists surveyed by Bloomberg News. Readings greater than 50 signal growth. A separate report may show construction spending increased 0.2 percent in November. Factory production that was driven by inventory rebuilding at the start of the recovery may now be getting more of a boost from increased spending by American consumers and companies. The national figures follow recent regional data that showed manufacturing will remain a mainstay of the world’s largest economy. “We could see further strengthening in the manufacturing numbers for December,” said Conrad DeQuadros, a senior economist at RDQ Economics LLC in New York. “Manufacturing growth is being driven by a pickup in domestic demand rather than just inventory replenishment. It’s suggestive of a more sustainable recovery.” The Tempe, Arizona-based ISM’s report is due at 10 a.m. New York time. Estimates in the Bloomberg survey ranged from 55 to 60. Also at 10 a.m., the Commerce Department will release data on construction spending. Projections in the Bloomberg survey ranged from a drop of 0.8 percent to a gain of 0.7 percent, following a 0.7 percent increase in October. Regional Manufacturing Recent regional factory reports underscore the resilience of manufacturing at year-end. The Federal Reserve Bank of Philadelphia said Dec. 16 that factories in the region expanded in December at the fastest pace since April 2005. ISM-Chicago data on Dec. 30 showed businesses grew at the quickest pace in two decades. The strength in manufacturing has been reflected in higher share prices. The Standard & Poor’s Supercomposite Industrial Machinery Index, which includes Caterpillar Inc. and Deere & Co., jumped 47 percent last year, compared with a 13 percent increase in the broader S&P 500. Jabil Circuit Inc., which provides manufacturing services, is one company benefiting from stronger emerging economies such as China and India. St. Petersburg, Florida-based Jabil said Dec. 20 that its revenue rose $4.1 billion in the three months ended Nov. 30, up from $3.1 billion a year earlier. “At this point, in terms of U.S. spending, enterprise spending looks stable,” Timothy Main, chief executive officer of Jabil, said on a teleconference with analysts on Dec. 20. “International spending looks very strong and other areas of enterprise infrastructure are pretty robust.” Increased Exports The manufacturing industry, which accounts for about 11 percent of the economy, led the recovery from the worst recession since the 1930s as businesses rebuilt stockpiles they’d slashed during the slump. Rising exports have also spurred factory output. Further gains in manufacturing may come from a pickup in consumer spending, which accounts for about 70 percent of the U.S. economy. Retailers’ 2010 holiday sales jumped 5.5 percent for the best performance since 2005, according to MasterCard Advisors’ SpendingPulse, which measures sales by all payment forms. The gain was 4.1 percent a year earlier. The numbers include Internet sales and exclude automobile purchases. Economists in December boosted forecasts for fourth-quarter growth, reflecting a pickup in consumer spending and passage of an $858 billion bill extending all Bush-era tax cuts for two years. The legislation also continues expanded unemployment insurance benefits through 2011, trims payrolls taxes and includes accelerated tax depreciation for equipment purchases. Auto Sales Auto dealers are also seeing improved demand. Car sales in November rose to a 12.26 million unit pace, the highest since the government’s cash-for-clunkers program in August 2009, according to industry data. Housing, the industry that precipitated the recession, is still struggling. The projected gain for construction spending in November may reflect more of a boost from ongoing civil projects such as new roads and bridges using funds available as part of the federal stimulus effort.
Deere & Company Completes Sale of Wind Energy Business
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MOLINE, Illinois (December 10, 2010) — Deere & Company said today that it has completed the sale of John Deere Renewables LLC, its wind energy business, to Exelon Generation Company, LLC, a wholly-owned subsidiary of Exelon Corporation. In August, Deere announced the two companies had signed a definitive agreement for the transaction. Deere said it sold the wind energy business as part of the company's increased focus on investing the company's resources to grow the core equipment businesses around the world.
Director, Global Public Reputation Strategy
Deere & Company
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Ken GoldenDirector, Global Public Reputation Strategy
Deere & Company
Sunbelt Parts for all makes of outdoor equipment
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Sunbelt Outdoor Products (http://www.sunbeltparts.com/) carries a wide variety of aftermarket replacement parts for outdoor power equipment, including oil and air filters, bearings, belts, blades, chainsaw parts, lubricants, spindles, starters, tires, lawn mower parts, trimmer heads, trimmer line and other small engine parts.
Green Farm Parts, the world's leader in online John Deere parts sales has decided to start listing selected Sunbelt parts on their web site. Green Farm Parts will allow customers to have more choices when purchasing parts or to get parts for their non-Deere equipment. Customers want a one-stop-shopping experience online, and Green Farm Parts will be providing that when they expand their Sunbelt Outdoor Products parts in early 2011.
Green Farm Parts, the world's leader in online John Deere parts sales has decided to start listing selected Sunbelt parts on their web site. Green Farm Parts will allow customers to have more choices when purchasing parts or to get parts for their non-Deere equipment. Customers want a one-stop-shopping experience online, and Green Farm Parts will be providing that when they expand their Sunbelt Outdoor Products parts in early 2011.
John Deere Equipment featured on 'Extreme Makeover: Home Edition'
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Did you see it?
MOLINE, Illinois (January 07, 2011) — John Deere Forestry, the world's leading manufacturer in forestry equipment, recently participated in the demolition phase of ABC TV's "Extreme Makeover: Home Edition," by providing two 648H Skidders and a team of equipment experts to help tear down the existing home of a makeover beneficiary family. The episode will air this Sunday, Jan. 9, at 8 p.m. ET/7 p.m. CT on ABC.
"John Deere Forestry is excited to participate in 'Extreme Makeover: Home Edition' based on the TV series' dedication to generating hope for families and helping them realize dreams of home transformations," said Nate Clark, Forestry Marketing Manager. "The willingness of the show's numerous designers, contractors, and volunteers to contribute their talents and resources to impact the lives of others is truly inspirational, and we are honored to lend a helping hand."
Each episode of "Extreme Makeover: Home Edition" features a family that has faced a recent or ongoing hardship, such as a natural disaster, loss of a family member, or life-threatening illness. Through coordination with local contractors, numerous companies in the building trade, and the help of community volunteers, "Extreme Makeover: Home Edition" provides a new home for a family in need.
For additional details and photos, visit http://abc.go.com/shows/extreme-makeover-home-edition. To learn more about the John Deere Forestry products used on the project, visit www.JohnDeere.com.
About John Deere
Deere & Company (NYSE: DE) is a world leader in providing advanced products and services and is committed to the success of customers whose work is linked to the land - those who cultivate, harvest, transform, enrich and build upon the land to meet the world's dramatically increasing need for food, fuel, shelter and infrastructure. Since 1837, John Deere has delivered innovative products of superior quality built on a tradition of integrity. For more information, visit John Deere at its worldwide website at www.JohnDeere.com.
About "Extreme Makeover: Home Edition"
The Emmy Award-winning reality program "Extreme Makeover: Home Edition," now in its 8th season, is produced by Endemol USA, a division of Endemol Holding. It's executive-produced by Brady Connell and George Verschoor. David Goldberg is Chairman, Endemol North America. The show airs Sundays from 8:00-9:00 p.m., ET on ABC.
MOLINE, Illinois (January 07, 2011) — John Deere Forestry, the world's leading manufacturer in forestry equipment, recently participated in the demolition phase of ABC TV's "Extreme Makeover: Home Edition," by providing two 648H Skidders and a team of equipment experts to help tear down the existing home of a makeover beneficiary family. The episode will air this Sunday, Jan. 9, at 8 p.m. ET/7 p.m. CT on ABC.
"John Deere Forestry is excited to participate in 'Extreme Makeover: Home Edition' based on the TV series' dedication to generating hope for families and helping them realize dreams of home transformations," said Nate Clark, Forestry Marketing Manager. "The willingness of the show's numerous designers, contractors, and volunteers to contribute their talents and resources to impact the lives of others is truly inspirational, and we are honored to lend a helping hand."
Each episode of "Extreme Makeover: Home Edition" features a family that has faced a recent or ongoing hardship, such as a natural disaster, loss of a family member, or life-threatening illness. Through coordination with local contractors, numerous companies in the building trade, and the help of community volunteers, "Extreme Makeover: Home Edition" provides a new home for a family in need.
For additional details and photos, visit http://abc.go.com/shows/extreme-makeover-home-edition. To learn more about the John Deere Forestry products used on the project, visit www.JohnDeere.com.
About John Deere
Deere & Company (NYSE: DE) is a world leader in providing advanced products and services and is committed to the success of customers whose work is linked to the land - those who cultivate, harvest, transform, enrich and build upon the land to meet the world's dramatically increasing need for food, fuel, shelter and infrastructure. Since 1837, John Deere has delivered innovative products of superior quality built on a tradition of integrity. For more information, visit John Deere at its worldwide website at www.JohnDeere.com.
About "Extreme Makeover: Home Edition"
The Emmy Award-winning reality program "Extreme Makeover: Home Edition," now in its 8th season, is produced by Endemol USA, a division of Endemol Holding. It's executive-produced by Brady Connell and George Verschoor. David Goldberg is Chairman, Endemol North America. The show airs Sundays from 8:00-9:00 p.m., ET on ABC.
About John Deere Company World Headquarters
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The Deere & Company World Headquarters is located on 1,400 acres of beautifully kept land and is home to a variety of wildlife including white tail deer, ducks, geese and swans.
The display floor of the World Headquarters is open to visitors 365 days a year, from 9:00 a.m.-5:00 p.m. Visitors can look at displays of antique John Deere equipment, and get up close and personal with a variety of the company's new equipment offerings. They'll also find a selection of product literature.
The display floor also features a three-dimensional mural by Alexander Girard. The mural contains 2200 authentic pieces of memorabilia dating from 1837-1918, spanning the company's first 75 years of operation.
The Deere & Company World Headquarters is located at One John Deere Place in Moline, Illinois, just off IL-5/John Deere Road. It's approximately 3.5 miles east of the intersection of I-74 and IL-5.
For further information about the Deere & Company World Headquarters, e-mail: John Deere Guest Services or phone Guest Services at (800) 765-9588.
The Deere & Company World Headquarters is located on 1,400 acres of beautifully kept land and is home to a variety of wildlife including white tail deer, ducks, geese and swans.
The display floor of the World Headquarters is open to visitors 365 days a year, from 9:00 a.m.-5:00 p.m. Visitors can look at displays of antique John Deere equipment, and get up close and personal with a variety of the company's new equipment offerings. They'll also find a selection of product literature.
The display floor also features a three-dimensional mural by Alexander Girard. The mural contains 2200 authentic pieces of memorabilia dating from 1837-1918, spanning the company's first 75 years of operation.
The Deere & Company World Headquarters is located at One John Deere Place in Moline, Illinois, just off IL-5/John Deere Road. It's approximately 3.5 miles east of the intersection of I-74 and IL-5.
For further information about the Deere & Company World Headquarters, e-mail: John Deere Guest Services or phone Guest Services at (800) 765-9588.
Landmark Vineyards Has John Deere Roots
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Republished from MachineFinder.com from December 22, 2010:
The innovative ideas of the Deere family will be honored by the First Family when they ring in the holidays with a white wine that's a product of the winery of the agricultural revolutionary's great-great granddaughter, according to published reports.
President and Michelle Obama will enjoy Landmark Vineyards Overlook Chardonnay, according to the Press Democrat. Damaris Deere Ford originally founded the winery in Windsor, Sonoma County, California in 1974.
Her profound passion for the wine industry is a large part of what inspired the White House to select that wine for Christmas 2010.
John Deere remains an inspiration to the winery's success, according to the Landmark Wine website. In 1838, John Deere devised the steel plow, an invention that changed the agriculture industry by drastically easing the process of tilling the soil.
Damaris relocated the winery to a plot of land beside Sugarloaf Mountain when she noticed urban sprawl was encroaching on the original site. She believed Landmark would become a renowned site.
The winery can produce 20,000 cases of wine per year. And while the winery is modern, Ford never forgot its past. Grand Detour Pinot Noir is named for the Illinois town hosting John Deere's blacksmithing shop and the Syrah is named Steel Plow.
The innovative ideas of the Deere family will be honored by the First Family when they ring in the holidays with a white wine that's a product of the winery of the agricultural revolutionary's great-great granddaughter, according to published reports.
President and Michelle Obama will enjoy Landmark Vineyards Overlook Chardonnay, according to the Press Democrat. Damaris Deere Ford originally founded the winery in Windsor, Sonoma County, California in 1974.
Her profound passion for the wine industry is a large part of what inspired the White House to select that wine for Christmas 2010.
John Deere remains an inspiration to the winery's success, according to the Landmark Wine website. In 1838, John Deere devised the steel plow, an invention that changed the agriculture industry by drastically easing the process of tilling the soil.
Damaris relocated the winery to a plot of land beside Sugarloaf Mountain when she noticed urban sprawl was encroaching on the original site. She believed Landmark would become a renowned site.
The winery can produce 20,000 cases of wine per year. And while the winery is modern, Ford never forgot its past. Grand Detour Pinot Noir is named for the Illinois town hosting John Deere's blacksmithing shop and the Syrah is named Steel Plow.
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