Caterpillar Reports 11% Jump in Global Machine Retail Sales in August

Construction equipment manufacturer Caterpillar (CAT) on Thursday reported an 11% year-over-year increase in global retail machine sales for the three-month period ending in August.

The 11% uptick in worldwide machine sales is roughly unchanged from the 12% increase in July.

Total machine retail sales in Asia and the Pacific surged 44% in the timeframe, while North American sales were higher just 1%. In July, Asian Pacific machine retail sales climbed 45%, and 4% in North America.

Worldwide energy and transportation retail sales for the period ending in August were lower 3%, after falling 2% in July.

Shares of Caterpillar were inching lower in mid-morning trading on Thursday.

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