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IPFS News Link • Business/ Commerce

Caterpillar Retail Sales Decline For 46 Consecutive Months; Worst Month For North America Since 2010

• zerohedge.com by Tyler Durden

According to the latest monthly release of global retail sales which traditionally presages the company's earnings release due out tomorrow, the company reported that North American sales dipped by 23%, the steepest monthly decline since February 2010, confirming recent speculation that demand for original equipment is simply not there. The rest of the world did not fare much better, with EAME down 17%, Latin America sliding 23% and only Asia posting a rare rebound in sales, up 3%, the best print in the series since October 2012.


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