Caterpillar Inc.s second-quarter sales by its
construction industries segment declined in all geographic
regions except North America.
to end-users in the quarter were due to upticks in construction
spending in the United States, the Peoria, Ill.-based heavy
equipment producer said.
industries unit recorded second-quarter global sales of $4.85
billion in the quarter ended June 30, down 9.2 percent from
$5.34 billion in the same period last year.
Increased sales in
China were more than offset by declines in other Asia-Pacific
countries due to slower economic growth.
"Two notable countries
where were seeing pockets of improvement are China and
the U.S.," Caterpillar vice president and chief procurement
officer Frank Crespo told AMM sister publication
"Housing starts in the
U.S. in the first half of this year were the highest
theyve been since 2008," he said. "So far this year,
infrastructure investment in China has increased by 24 percent,
its building starts have risen by 4 percent and its steel
production has increased by 9 percent."
A version of this
article was first published in AMM sister publication Steel