Caterpillar Retail Sales Post Longest Winning Streak In 51 Months

Monday, July 24, 2017
By Paul Martin

by Tyler Durden
ZeroHedge.com
Jul 24, 2017

Caterpillar’s great depression ended four months ago, when in March following a record 51 consecutive months of annual declines, its global retail sales posted the first, if modest, monthly increase growing by 1% on the back of a surge in Chinese and other Asia/Pac sales. Since then the trend has accelerated, and in June the company reported that Asia Pac sales rose by 40% Y/Y, which however appears to the next cyclical slowdown following increases of 46%, 47% and 49% in the March-May period. Just as notably, retail sales in the US rose by 2% again, the best performance since May 2015.

The result is that CAT’s global sales have posted the longest positive streak in 51 months, and appear to have put the 4+ year depression in the read view mirror – even if Asian retail sales appear to be slowing once again – and are levitating higher, although as we said last month, just like during the 2011/2012 downturn, it all depends on how “hard” China’s economic slowdown will be over the coming year.

The Rest…HERE

Comments are closed.

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter