Caterpillar Machine Retail-Sales Drop Accelerates
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Caterpillar Inc., the biggest maker of construction and mining equipment, said global retail machine sales fell 13 percent in the three months through February.
The drop was more than triple the 4 percent decline reported in the three months through January, the Peoria, Illinois-based company said today in a filing. Asia-Pacific sales declined 26 percent from the same period a year earlier while North American sales were 12 percent lower. The Europe, Africa and Middle East region slid 9 percent. Latin America was up 3 percent.