Caterpillar machines sales grew 27% for the last three months, keeping up its 21-month of positive sales growth. However, the sales growth has declined further from the lowest growth rate of 30% last year.

The growth rate of Caterpillar had hit rock bottom in November last year recording a growth rate of 30%. Caterpillar suffered the same fate in December as well. Even though Caterpillar has seen sales ramping in the last 21 months, the rate of increase has currently been tempered by tougher year-on-year comparisons and weakening economic conditions, especially in Europe. Sales growth has more than halved from the highest level of 66% in 2011.