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Oil and gas field machinery and equipment sales in United States: Decrease in 2016

U.S. Census Bureau reported that the indicator sharply went down by 33.16% in comparison to the previous year. Oil and gas machinery and equipment sales strongly diminished by 5 473 243 thousand US Dollars, as it follows the tendency of the prior year when it declined by 35.51 percent. United States saw an increase of 123.54% in oil and gas machinery and equipment sales over the past 15 years. Still it has shown a negative compound average annual growth rate of 0.14% over the five years with a slight overall rise since the start of observations. It averaged 14 753 644.07 thousand US Dollars from 2002 to 2016 and it attained its all-time high of 25 594 258 thousand US Dollars in 2014 and record low of 4 935 075 thousand US Dollars in 2002.

Oil and gas field machinery and equipment sales in United States: Decrease in 2016
Date Thousand US Dollars Variation
2016 11 031 714.00 -33.16
2015 16 504 957.00 -35.51
2014 25 594 258.00 4.98
2013 24 380 052.00 1.45
2012 24 031 932.00 28.2
2011 18 745 712.00 20.13
2010 15 604 775.00 1.63
2009 15 354 252.00 -19.05
2008 18 967 540.00 16.86
2007 16 231 536.00 49.19

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