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CAT: Sales Rose 66 Percent Over Last Year

Thu, 05/19/2011 - 9:48am

PEORIA, Ill. (AP) — Caterpillar says sales of its construction and mining equipment remained strong in April when global sales soared 66 percent over last year.

The company provided an update on its sales Thursday in documents filed with the Securities and Exchange Commission.

Latin America continued to be the strongest region with equipment sales growing 72 percent over last year. The smallest increase came in the region of Europe, Africa and the Middle East, but equipment sales there were still up 64 percent.

Caterpillar's sales figures are considered an indicator of the health of the economy, so they are watched closely.

Engine sales were also up for Caterpillar in April but not as much as machinery sales. Caterpillar says total engine sales grew 25 percent.

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