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Caterpillar’s global sales jump

Caterpillar Inc. said Friday that its machine sales worldwide jumped 11 percent in May compared with a year ago as a rebound in North American and Asian business markets helped offset declines in European sales.

Caterpillar is the world’s largest maker of construction and mining equipment. Because its iconic yellow-and-black equipment is used in many different sectors all over the world, the company’s sales are considered an indicator of global economic health.

[St. Louis Post Dispatch]