Caterpillar’s worldwide sales down 12 pct in May
Caterpillar’s resource sector sales were mixed bag in May with Asia up 40% but Latin America down 47%.
The major mining equipment manufacturer published its rolling-three-month sales statistics for May by geographic region.
As a whole, resource industry sales were down 8% compared to a year ago. Total machine sales encompassing construction and energy, as well as mining, were down 12%.
Year to date Caterpillar shares are down 4.4% to $87.57. It’s 52-week high is $11.46 and its low is $78.19.