Friday, November 20, 2015

Caterpillar..........A VERY PESKY FACT!

Caterpillar

If you're looking for a chart that illustrates a long-term, worldwide industrial slowdown, look no further than Caterpillar's monthly sales figures.

The industrial giant's sales have now declined for 35 straight months, with October's 16% decline coming in as the largest drop during this streak and the biggest monthly decline since February 2010.

The global mining and construction business has been in a funk due to the crash in commodity prices, the slowdown in China, and the strong dollar, and the monthly machinery sales totals from Caterpillar really put these declines into perspective.


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