Caterpillar Machine Sales Slower on Fiscal Uncertainty

Caterpillar Inc., the world’s largest maker of construction and mining equipment, said global machine sales rose at a slower pace in the three months through November as North American growth decelerated.

Machines sales reported by dealers globally rose 5 percent from a year ago in the three months through November, down from 8 percent growth reported for the three months through October, the Peoria, Illinois-based company said today in a filing. Sales in North America, Caterpillar’s biggest market, increased 3 percent, down from a 13 percent increase reported a month earlier, according to the filing.