Bad sign for Chinese growth as Caterpillar stumbles

Here’s the chart:

Note Asia Pacific sales are declining again. China’s excavator sales are an excellent proxy:

Though mining has been helping:

The problem is realty where private players are preparing for hard times:

CAT is a good real time indicator for China’s construction pulse and it is fading despite rising house prices, credit and SOE investment.

David Llewellyn-Smith
Latest posts by David Llewellyn-Smith (see all)

Comments are hidden for Membership Subscribers only.