JP Morgan Points to Caterpillar China Excavator Sales Growth for July, Believes Could Indicate Chinese Market Recovery
August 08, 2013 at 11:02 AM EDT
A research note from JP Morgan Thursday morning highlighted Caterpillar (NYSE: CAT ) excavator sales in China have risen 14 percent YoY for the month of July, equating to five straight months of increasing sales in the country. JPMorgan suggested these consecutive gains may point to broad-based market recovery