Nov 18

Caterpillar Retail Sales Decline For Record 47 Consecutive Months:

While Caterpillar’s CEO may have resigned recently, admitting that he misjudged the business strategy, the stock does not appear to be bothered, soaring by 15% since the Trump victory on hopes an infrastructure push would make excavators great again. For now, however, the woes at the heavy industrial manufacturer continue, with yet another month of declining global sales, the company’s 47th in a row.

To be sure, there was a glimmer of hope for CAT coming out of Asia, where retail sales continued the rebound after posting positive gains in the August and September, rising 12% in October, the biggest annual gain since September 2012. This however was offset by continuing declines in North America, the EAME and Latin Ameica regions, which declined by 16%, 14% and 24% respectively.

cat-oct-detail_0

Following the latest, October, double-digit decline in worldwide sales, which dopped by 12% following the September 18% slide, CAT has not recorded a positive growth month for nearly 4 straight years, or 47 consecutive months.

cat-oct-sales

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

Tags: , ,

One Response to “Caterpillar Retail Sales Decline For Record 47 Consecutive Months”

  1. squodgy Says:

    Worldwide shipping is in dire straits.

    We have seen the BDI (the index of future shipping capacity bookings) trundling along at the lowest level for over three years now.

    Both Hanjin (http://www.marinelink.com/news/bankruptcy-hanjin-files414930)

    and Nautilus (http://www.marinelink.com/news/bankruptcy-container371718)

    have filed for bankruptcy as global trade grinds to a halt.

    A.P. Moller, the biggest Container Ship Company in the world with all those blue MAERSK LINE ships we see everywhere, have been investing in 18000TEU giant ships of late.

    One would really think they more than anyone would see the slump coming.
    But quite obviously they are lacking in responsible management. But no.

    http://www.4-traders.com/AP-MOELLER-MAERSK-A-S-1412885/news/AP-Moeller-Maersk-A-S-Maersk-Issues-Profit-Warning-on-Weaker-Shipping-Market-21252169/

    So it shouldn’t come as a shock to read this….

    http://wolfstreet.com/2016/11/24/shipbuilding-in-japan-korea-china-collapses-in-death-spiral-of-orders/

Leave a Reply