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The industrial machine and equipment maker's total retail sales of machines were down 19 percent year-over-year for a three month rolling period ending in July, according to an SEC filing. That was after retail machine sales fell 12 percent for the three month period ending in June.
Caterpillar's global resource industries sales, which primarily includes mining equipment, were down 42 percent year-over-year in the July period. Energy and transportation retail sales slipped 24 percent, following a decline of 26 percent in the June period.
Last Thursday, one of Caterpillar's senior executives said he expects no significant demand growth for its energy and transportation products for the rest of 2016 as oil prices stay weak.
On July 26, Caterpillar reported quarterly earnings and revenues that beat analysts' expectations. The company did, however, slash its guidance for the year. In an interview with CNBC, CEO Doug Oberhelman said Caterpillar would continue to cut jobs.
The stock is up 22 percent year to date, and leading the Dow Jones industrial average this year.
CAT year to date Source: FactSet