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.