Caterpillar's Coronavirus Woes Continue: Retail Machine Sales Tumble
Caterpillar's (NYSE: CAT) latest three-month sales numbers ending in July again show how coronavirus woes continue to hurt the industrial company. Each month, Caterpillar releases statistics for its global retail machinery sales for the previous three-month rolling period, to give investors an idea about the company's performance on an ongoing basis.
More importantly, Caterpillar's machine sales numbers can also help investors gauge the health of global economies since the company, considered a bellwether, breaks down its sales both in terms of segment and geographic region.
From that standpoint, Caterpillar's July sales reveal a lone silver lining.
Source Fool.com
