Caterpillar April Period Global Y/Y Retail Sales Down 11%



Caterpillar reported that global total machines sales, resource industries sales and construction industries sales all fell by 11%, 9% and 12% respectively, year over year, for the three-month rolling period ending in April.

The machinery maker noted however that machine sales, resource industry sales (mining equipment) and construction industry sales in North America were up 5%, 6% and 3%, respectively.

The largest declines in total machine sales were reported for Latin America (44%), Asia/Pacific (16%) and EAME (9%).

Resource Industries segment sales, which includes mining equipment, fell in all regions outside North America with the exception of Asia/Pacific, which posted a gain of 67%. Resource Industries sales in the Europe, Africa and Middle East region fell 34% and 39% in Latin America.

Construction Industries sales were down 12% worldwide with notable drops of 48% and 32%, respectively in Latin America and Asia/Pacific.


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