Bellwether CAT Sales Decline 23%

Caterpillar is the world' largest manufacturer of industrial equipment, so when sales decline, it's an indicator of global economic weakening. Even still, a decline that large, of 23%, is a huge red flag!

Caterpillar Sales Continue Decline

from Zero Hedge:
CAT has now suffered a record 35 months, or nearly 3 years, of consecutive declining annual retail sales - something unprecedented in company history! 

This is significant because Caterpillar is an industrial powerhouse and bellwether. With nearly three years of declining sales, it is a sign that the global economy is not well!