Warning: Global economy slowing
The world’s largest manufacturer of tractors and excavators warned this week that the global economy is slowing faster than the company had expected.
Caterpillar Inc. along with numerous other multi-national manufacturers, including General Electric Co. and Honeywell International, said signs were pointing to slower than expected growth around the world.
Rather than buying new machines, Caterpillar dealers are selling off inventories. This is causing the company to idle some plants.
“As we’ve moved through the year, we’ve seen continued economic weakening and uncertainty,” said Dough Oberhelman, chief executive, Caterpillar.
Part of the slowdown is due to China’s construction industry slowing down. However, the company anticipates China will try to spur its lagging economy.
The global economy may not improve until the second half of 2013, Caterpillar said.
Self-contained hydraulic system with power cables (hydraulic). Tandem Henschen axles (hydraulic). Hydraulic fenders. Manual or hydraulic tilt. 6,500-gallon tank.
- Dry weather, biofuel mandate to boost palm prices in 2014
- 2014 Farm Bill: Reallocating base acreage
- FAS administrator talks world ag export situation
- The Beige Book is out. The agriculture picture is not rosy
- New precision potassium fertilizer from AgroLiquid
- Ag markets ended the week in decidedly mixed fashion
- Are you in favor of a federal labeling standard for food that might contain genetically modified ingredients?
- Commentary: Barking up the wrong tree
- Water allocation for most drought-stricken Calif. farms to end
- Larson Electronics offers 150 Watt LED high bay light fixture
- Growth Points: Big data is about to get even bigger
- Update on the world’s 15 largest seed banks
Speed King Blender
CrustBuster/Speed King, Inc.