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Q3 inflection in key equipment index?

Respected mining capital goods analyst Peter Gilewicz says his latest quarterly global Mining Equipment Index could be showing an “important inflection point” that is better news for long-suffering equipment manufacturers and their shareholders. But the full-year picture still won’t be pretty.

Q3 inflection in key equipment index? Q3 inflection in key equipment index? Q3 inflection in key equipment index? Q3 inflection in key equipment index? Q3 inflection in key equipment index?

Parker-up ... Mining Equipment Index shows September quarter improvement

Gilewicz’s Parker Bay Mining Equipment Index showed a gain of 6.5%, on a USD-weighted basis, for the 2016 September quarter versus comparable deliveries during the second quarter of the year.