Caterpillar Sees Sales Growth Slowing Next Year on Economy

Caterpillar Inc., the world’s largest maker of construction and mining equipment, forecast sales growth for 2013 that would be slower than in the previous three years as the global economy decelerates.

Sales next year will be from 5 percent below to 5 percent more than 2012 results, the Peoria, Illinois-based company said today in a statement. That compared with an average projection for an increase of 5.1 percent based on 17 analysts’ estimates compiled by Bloomberg. Revenue year-over-year grew 31 percent in 2010, 41 percent in 2011, and was estimated to increase 13 percent this year.