Steel Products Prices North America
March 23, 2013
Caterpillar Machine Sales Off to Weak Start in Q1
Written by Sandy Williams
Caterpillar Inc. reported weakened sales for February in its rolling three month period that compares current sales with those of the same period one year ago. Machine retail sales were down 13 percent in February further slipping from 4 percent in January. February sales last year were up by 21 percent over the same period in 2011.
North American sales were down 11 percent in January and 12 percent in February following a year when increases in sales were the rule. Asia/Pacific sales dropped 26 percent after two months of milder decreases of 7 percent in December and 12 percent in January. Europe/Africa/Middle East (EAME) sales were down by 9 percent after a positive, yet slowing, trend from +4 percent in December to +1 percent in January. Latin America was up 14 percent in December and slowed to a 3 percent increase year-over-year in both February and January.
