Caterpillar (CAT) Ticks Higher as Machine Sales in Asia, North America Rise; Europe Still Pressured
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Caterpillar (NYSE: CAT) shares are higher following the industrial machinery giant's sales update for the month of July.
Retail Sales of Machines:
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Retail Sales of Machines:
- Asia/Pacific - up 28%, from up 16% in June;
- Europe, Africa and Middle East (EAME) - down 1%, from flat in June;
- Latin America - down 2%, from down 3% in June;
- Rest of World (excludes North America) - up 5%, from up 5% in June;
- North America - up 25%, from up 24% in June;
- World - up 14%, from up 11% in June.
- Electric Power - down 6%
- Industrial - down 19%
- Transportation - up 11%
- Petroleum - up 20%
- Total - up 4%.
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