PEORIA, Ill. (AP) — Caterpillar says global sales of its
heavy equipment grew 35 percent in July even though last year’s numbers
were strong.
The world’s largest maker of mining and construction
equipment provided an update on sales Thursday in documents filed with
the Securities and Exchange Commission. In the same period last year,
Caterpillar reported a 32 percent increase in sales.
Jefferies
& Co. analyst Stephen Volkmann said in a research note the new
figures suggest Caterpillar’s profits will be stronger than expected.
Caterpillar
said the strongest regions for equipment sales in July were Latin
America and Europe, Africa and the Middle East. Both those regions
reported sales increases of more than 50 percent.
Caterpillar’s sales figures are considered an indicator of the health of the economy, so they are watched
closely.
Copyright 2011 The Associated Press.
PEORIA, Ill. (AP) — Caterpillar says global sales of its
heavy equipment grew 35 percent in July even though last year’s numbers
were strong.
The world’s largest maker of mining and construction
equipment provided an update on sales Thursday in documents filed with
the Securities and Exchange Commission. In the same period last year,
Caterpillar reported a 32 percent increase in sales.
Jefferies
& Co. analyst Stephen Volkmann said in a research note the new
figures suggest Caterpillar’s profits will be stronger than expected.
Caterpillar
said the strongest regions for equipment sales in July were Latin
America and Europe, Africa and the Middle East. Both those regions
reported sales increases of more than 50 percent.
Caterpillar’s sales figures are considered an indicator of the health of the economy, so they are watched
closely.
Copyright 2011 The Associated Press.