Pantheon Macroeconomics - The alarming-looking decline in core capital goods orders since late 2014 has been substantially due, in our view, to the rollover in investment in the mining sector. But the 29% jump in the number of oil rigs in operation, since the mid-May low, makes it clear that the collapse is over.

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25 August. 2016 The Collapse in Core Capex Orders is Over, Where's the Rebound?

By Ian Shepherdson

The alarming-looking decline in core capital goods orders since late 2014 has been substantially due, in our view, to the rollover in investment in the mining sector. But the 29% jump in the number of oil rigs in operation, since the mid-May low, makes it clear that the collapse is over.

Posted: 25th Aug 2016 in 'U.S. Documents'

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