UPDATE 1-Volvo shipments up 5 pct in July on North America demand


STOCKHOLM, Aug 29 (Reuters) - A relatively buoyant North American market helped offset weakness in Europe for world number two truck maker Volvo last month, when its shipments rose a surprisingly strong 5 percent year-on-year, figures showed on Wednesday. "The figures are better than expected. We had expected slightly negative volumes and ... that deviation is exclusively due to North America," Handelsbanken Capital Markets analyst Hampus Engellau said. ...

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