Rochester, NY 8/25/2009 4:59:50 PM
Caterpillar Inc. CAT, Caterpillar stock sales almost struggle in July
Caterpillar Inc. woes at sales in the month of July continued as machine sales dropped 48% worldwide, When the investors suggesting should not get ahead of themselves it comes to the machinery sector. The global year-over-year decline follows a similar 47% drop in June. The losses are especially bad in North America, where sales have fallen by 59%.
The company sales in July reciprocating and turbine engines worldwide fell 33%, leds the weakness in the truck and bus (down 72%), Caterpillar existing the truck/bus market. the industrial (down 46%), electric power (down 29%), and petroleum (down 28%) markets.
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