CAT Reports Strong Feb. Equipment Sales

Caterpillar, Peoria, IL, said February was another strong month for sales of its mining and construction equipment and global sales grew 59% over last year. Caterpillar’s sales figures are watched closely because its results are considered an indicator of the health of the general economy.

The company said its equipment sales were strongest in Latin America, which reported a 76% jump over the previous year. But even in the weakest regions of Europe, Africa and the Middle East, sales grew 53% in February.

Engine sales also improved for Caterpillar but not as much as machinery sales. Caterpillar says total engine sales grew 31%.