Caterpillar reports sales of its machines through its dealers world-wide – a baromoeter of construction and mining performance – rose one percent for the 3-month rolling period ended April.
But Caterpillar dealer sales in the US for the same period were down 7% while Latin American sales were down 30%.
The Asia/Pacific region boomed with sales up 47%.
World-wide sales in resource industries were down 19% with Latin American sales fairing the worse, down 69%. US sales in the sector were down 13%.