23-10-2019 15:39 via feedproxy.google.com

Caterpillar just flashed the latest warning sign for the global economy

Caterpillar just flashed the latest warning sign for the global economy.
The construction and manufacturing equipment titan, viewed as a bellwether for global industry, revealed a 6% drop in sales and an 8% drop in profit per share in the third quarter.
"In the fourth quarter, we now expect end-user demand to be flat and dealers to make further inventory reductions due to global economic uncertainty," Caterpillar's CEO warned.
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