Caterpillar Inc. has reported that global retail sales of its construction and mining machinery rose 30% in the three months to the end of November, as growth continued to slow in Latin America, offsetting strong sales expansion in North America.
The November period was the 19th straight three-month period of sales growth for the world's largest seller of bulldozers, excavators and wheel loaders. But the growth has been moderating in recent months because of tougher year-ago comparison figures and softening economic conditions throughout the world.
Dealer-reported sales climbed by 31% from a year earlier for each of the two reporting periods to the end of October and September, respectively.
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