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Caterpillar posts broad losses in retail machine sales

Feb. 13, 2020 11:22 AM ETCaterpillar Inc. (CAT) StockCATBy: Carl Surran, SA News Editor28 Comments
  • Caterpillar (CAT -0.3%) reports a 7% decline in worldwide retail machine sales for the rolling three-month period ending in January, following a 5% drop in December.
  • All regions fell: North American sales slumped 11% following a 4% drop in December, Asia-Pacific fell 2% for the period vs. a December decline of 5%, the Europe-Africa-Middle East region slipped 5% for January after also dropping 5% the prior month, and Latin America fell 2% after a 12% drop in December.
  • Resource industries three-month retail machine sales fell 7% for the January period after declining 10% in December, construction industries three-month retail sales slid 6% after declining 3% in the prior period, and energy and transportation retail sales edged 2% lower in January after falling 3% in the December rolling period.

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