In a regulatory filing, Caterpillar said its worldwide retail sales of machinery for the three-month rolling period ended December 2014 fell 12% from the same period in 2013. North American retail machinery sales were “unchanged” from the 5% improvement reported for November.

Caterpillar noted that Resource Industries, which is primarily mining-related equipment, was down 22% worldwide with declines of 55%, 15%, 12% and 5% in Latin America, North America, Asia/Pacific and EAME, respectively.

Retail sales of construction equipment for the three-month period ended December 2014 were down 9% worldwide compared to 6% and 5% in November and October, respectively. Latin America and Asia/Pacific were down 39% and 24%, respectively, with North America and EAME up 5% and 4%, respectively.