The ABB earnings presentation sounds a lot like Caterpillar earnings, where weakness in China is...

|About: ABB LTD. (ABB)|By:, SA News Editor

The ABB earnings presentation sounds a lot like Caterpillar earnings, where weakness in China is being offset by strength in North America. ABB's order book in China is off 35% Y/Y, up 16% in the U.S. SEB notes the company saying it's uncertain when Chinese demand will recover vs. previously saying it appeared Chinese growth was returning. (earnings)