In a regulatory filing, Caterpillar said its worldwide retail sales of machinery for the three-month rolling period ending November 2014 fell 10% from the same period in 2013. Noth American retail machinery sales were up 5% for the period, with Latin America and Asia/Pacific off 37% and 24%, respectively – EAME was unchanged.
Caterpillar noted that Resource Industries, which is primarily mining-related equipment, was off 23% worldwide in November with declines of 51%, 33%, 8% and 3% in Latin America, Asia/Pacific, Norther America and EAME, respectively.
Retail sales of construction equipment for the three-month period were down 6% worldwide, with North America and EAME up 8% and 1%, respectively. Latin American and Asia/Pacific were down 31% and 20%, respectively.
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