Mining sales at Caterpillar continue to trend terrible
Caterpillar's September sales within the resource industries sector were down 28% worldwide.
The equipment giant released its rolling 3-month sales totals compared with sales during the prior year.
Asia/Pacific resource industries showed the sharpest decline, down 48%, while North America sales were down a negligible 3%.
The construction side of the business is faring better. Worldwide retail sales were down just 3%.
Asia/Pacific and Latin America were both down, 11% and 30% respectively. North America was up 11%.
Sales overall were down 10%.
Caterpillar dropped 1.31% today to $94.57.