– Caterpillar Retail Sales Plunge By 13%, Most Since February 2010; Decline For 17 Consecutive Months (ZeroHedge, May 20, 2014):
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The drubbing in sales across all other markets excluding the US continued, with sales in Asia/Pacific, EAME and Latin America all dropping by more than 20% compared to last year.
End blended result: global retail sales have now declined Y/Y for 17 consecutive months, which incidentally is just shy of the longest stretch of declining retail sales on record. Worse: the -13% drop in world retail sales matched the biggest annual drop since February of 2010.
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