Caterpillar sales still crashing

Friday 20 June 2014

If there’s am ore elegant expression of the mining capex cliff then I’m yet to see it. Heavy equipment manufacturer, Caterpillar, has seen its sales collapse for eighteen months:

Don’t forget that we’re now into multiple year-on-year declines with no slowdown in the crash. Quite a boom and quite a bust.

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.