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Increased business for firms such as John Deere signals better times for manufacturers

Monday, May 9, 2011

John Deere provides machinery to construction firms and farmers alike.
John Deere provides machinery to construction firms and farmers alike.

The manufacturing sector is experiencing an uptick in work output, as a recent study by the U.S. Department of Labor's Bureau of Labor Statistics reported. Productivity for manufacturers rose 6.3 percent in 2011's first quarter, with a 4.7-percent increase taking place over the last four quarters. Also in the first quarter, non-durable goods production increased 4.5 percent.

Investment analyst Eli Lustgarten - of Ohio's Longbow Securities - told Bloomberg that equipment-maker John Deere is counted among companies that "have emerged quite strongly and are able to benefit not only from the domestic recovery, but the global strength of markets." The low value of the American dollar is also benefiting exports, the president of Siemens' U.S. subsidiary, Eric Spiegel, stated to Bloomberg.

As manufacturers from crop growers to construction companies seek equipment solutions, John Deere is ready with John Deere parts, used construction equipment, and used heavy equipment. These and other items are available at John Deere dealers throughout the U.S.

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