Caterpillar sank 3.4% in the US.
More important it is the 31st month that caterpillar post declining monthly sales (the share price was not so bad as there has been an incredible amount of buybacks).
Caterpillar is considered a “bellweather” share for the global economy as it sells heavy machinery around the world.
The biggest drop were Asia (-19%), but above all South America (-50%). Worryingly also US Sales are going down with Y on Y -5% – and this time of the year you cannot blame it on the weather.
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