STOCKHOLM Nov 14 A rise in industry shipments
in October means that North American market demand will be in
line with Electrolux's forecast this year, its chief
executive said on Wednesday.
The company, the world's second largest maker of appliances
like fridges, cookers and washing machines, said industry
delivery numbers from the Association of Home Appliance
Manufacturers (AHAM) showed growth of 7.5 percent last month.
Electrolux's forecast for the North Americna market this
year is for demand to drop by up to 1 percent.
"I think we are going to be in that range," chief executive
Keith McLoughlin said at a presentation to investors.
He said the European market, hit by the sovereign debt
crisis, remaind uncertain. "We don't see positive signs at the
moment," he added.
(Reporting by Patrick Lannin)