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Caterpillar posts lower retail machinery sales ahead of 2nd-qtr results

July 25 (Reuters) - Caterpillar Inc said on Monday its global retail machinery sales declined 12 percent for the three months ended June 30 as demand for heavy machinery remained sluggish in all of the company's core markets amid a slowdown in construction and mining activity.

According to Caterpillar, the largest decline in machinery sales was in Latin America, down 38 percent from a year ago.

"The demand environment continues to be weak in Latin America," Lawrence De Maria, an analyst at William Blair said in a research note. "There is limited visibility on how long the recession lasts," De Maria said.

Caterpillar, the world's largest heavy equipment manufacturer, is scheduled to report...