Caterpillar (NYSE: CAT) is holding its analysts day today at the New York Stock Exchange at 2 pm.
Earlier in the day, Caterpillar released its monthly sales figure for its equipment for the month of July. Results were very strong, as sales rose 32%, due to strong demand in Asia and North America.
This was the firm’s third-straight positive month.
In the filing with the SEC, the construction equipment maker says sales in the Asia Pacific region rose a robust 41%, and North American sales improved 38%. The North American market is seen as particularly encouraging, as the economic recovery is sputtering here.
Caterpillar did not echo the same sentiment that its competitor Deere (NYSE: DE) did yesterday. Yesterday, Deere said it saw weakness in Europe. Caterpillar said it had sales increases in Europe.