Caterpillar Posts Record 49 Consecutive Months Of Declining Retail Sales

Wednesday, January 25, 2017
By Paul Martin

by Tyler Durden
ZeroHedge.com
Jan 25, 2017

As Caterpillar’s stock continues to soar, its operations continue to decline.

While Caterpillar’s CEO may have resigned recently, admitting that he misjudged the business strategy, and even the company issued a press release cautioning the market may have gotten ahead of itself, CAT stock does not appear to be bothered, soaring over 12% since the Trump presidential victory, and continues to trade near multi-year highs on hopes a Trump’s infrastructure push would make excavators great again. For now, however, the woes at the heavy industrial manufacturer continue, with yet another month of declining global sales.

To be sure, there was a glimmer of hope for CAT out of Asia, where retail sales continued the rebound after posting positive gains in the prior four month and now rising 19% in December, the biggest annual gain since August 2012. This however was offset by continuing declines in North America, the EAME and Latin America regions, which declined by 12%, 21%, and 34%.

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