Manufacturing Depression Enters Uncharted Territory: Caterpillar Retail Sales Have Never Been Worse

https://i0.wp.com/www.zerohedge.com/sites/default/files/images/user5/imageroot/2016/01-overflow/CAT%20length%20of%20depression.jpg

 

Moments ago Caterpillar reported its latest monthly retail sales statistics and the numbers have never been worse.

Putting the annual drop in context, CAT sales dropped 12% a year ago, another 9% in 2013, and -1% in 2012, or four consecutive years of declines!

But where the manufacturing depression as seen from the perspective of heavy indsutrial machinery operator has never been worse is shown in the chart below: CAT has now suffered a record 37 months, or over 3 years, of consecutive declining annual retail sales – something unprecedented in company history, and set to surpass the “only” 19 months of decling during the great financial crisis by a factor of two in January!

Source: Caterpillar

Full article: Manufacturing Depression Enters Uncharted Territory: Caterpillar Retail Sales Have Never Been Worse (Zero Hedge)

Comments are closed.