The company makes more than 5, 000 products, which are used by virtually all major industries and markets including transportation, technology, medical, agricultural, energy, telecommunications, packaging, consumer, commercial construction, home building, industrial manufacturing and marine.
Away from the depressing housing industry, the reports have been of unexpected big declines in durable goods orders, in consumer confidence, construction spending, as well as slowing manufacturing growth as measured by the Chicago area PMI Index, and the national ISM Manufacturing Index.
Retail-store employment dropped by 34, 000, despite a recent rise in consumer spending, while construction payrolls fell by 7, 000.
U.S. economic data due for release Friday includes the University of Michigan consumer sentiment survey, construction spending, the ISM manufacturing report and domestic auto industry sales.
In Australia the slowdown in housing did make a big dent in construction and consumer spending but this was masked by the commodity boom and exports to China.
After establishing its expertise as a global provider of logistics services involving vehicle shipments, the company has reached into other industries: steel, machinery, heavy chemicals, energy, construction and consumer goods.
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U.S. economic data due for release Friday includes the jobs report, the U.S. manufacturing PMI, the University of Michigan consumer sentiment survey, construction spending, the global manufacturing PMI, the ISM manufacturing report, and domestic auto industry sales.
U.S. economic data due for release Friday includes personal income and outlays, the U.S. manufacturing PMI, the University of Michigan consumer sentiment survey, construction spending, the ISM manufacturing report on business, the global manufacturing PMI, and domestic auto industry sales.
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"Different" in that 30%of Deere's operating profits today come from construction equipment and consumer goods like riding lawn mowers and leaf blowers.
Some key data due to be released this week includes consumer confidence on Tuesday, construction spending on Wednesday, niitial claims on Thursday, and the unemployment rate on Friday.
U.S. economic data due for release Wednesday includes the weekly MBA mortgage applications survey, new residential construction, the consumer price index and the weekly DOE liquid energy stocks report.
The U.S. economic data slate Thursday is very heavy and includes the weekly DOE energy stocks report, ICSC chain store sales, domestic auto sales, the Challenger job cuts report, the ADP national employment report, weekly jobless claims, preliminary productivity and costs, the U.S. manufacturing PMI, the ISM manufacturing report, the consumer confidence index, and construction spending.
The company is seeing a slowdown in consumer electronics, and housing and construction markets remain weak.
The trends are encouraging for a wide swath of U.S. corporations, from consumer products and retail businesses to construction contractors.
Confusion about how fast China is growing can hamper foreign and private companies in industries from construction to chemicals to consumer goods as they make plans for business and investment.
Between them those three miners account for about 70% of the iron ore imported by China, which has been both a prolific producer and consumer of steel during its hectic construction boom of the past 20 years.
They will watch the reports in coming weeks to get a more steady reading on jobless claims, while unemployment is still being reflected in the still subdued consumer spending activity and slow hiring in construction and professional business services.
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Utilities by 18.5%, Retail-Wholesale by 15.7%, Finance by 15.6%, Medical by 14.9%, Consumer Staples by 14.5%, Construction by 12.5%, and Computers and Technology by 11.9%.
The cut reflects destocking in some industrial supply chains that has sped up in the current quarter, the company said, pointing out softening demand in consumer electronics and continued weakness in housing and construction markets.
Roughly half of those jobs would be "induced" jobs, those "generated when highway construction workers respend their income on consumer goods and services -- like lunch at McDonald's or going to the movies or buying new clothes, " said Wells.
Australia's government raised interest rates twice - to 5.25% - late last year to cool the construction boom in the housing market and consumer spending.
U.S. economic data due for release Thursday includes the weekly jobless claims report, the consumer price index, real earnings, new residential construction, and the Philadelphia Fed business survey.
U.S. economic data due for release Thursday includes the consumer price index, real earnings, new residential construction, the weekly jobless claims report and the Philadelphia Fed business outlook survey.
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Among reports of recent weeks that came in better than forecasts were consumer sentiment, retail sales, home sales, construction spending, auto sales, factory orders, the ISM Mfg Index, the ISM Non-Mfg (service sector) Index, and so on.
U.S. economic data due for release Tuesday includes the weekly Goldman Sachs and Johnson Redbook retail sales reports, the consumer price index, real earnings, new residential construction, industrial production and capacity utilization, and the IMF world economic outlook.
Today twelve of sixteen sectors are overvalued with construction overvalued by 12.0% and consumer staples overvalued by 11.4%.
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It further confirms that China is on track to transition from a construction and export-oriented economy to a consumer-oriented economy.
There should be more opportunity in 2013 for real estate loans related to residential construction, and a little opportunity for more consumer lending.
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Many millions of Indonesians have more buying power these days, and that can add up to meaningful gains in the consumer sector and the service industry around it, including construction.
And although economic reports included that construction spending fell again in May, that Consumer Confidence fell again in June (to a 7-month low), that weekly unemployment claims remained high at 428, 000 last week, there was also the report that manufacturing activity, which has been declining for several months, unexpectedly picked up some in June, with the ISM Mfg Index rising to 55.3 from 53.5 in May.
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