Caterpillar Inc. said it expects demand for its machinery to fall this year, widening a performance gap between some manufacturers and an otherwise robust U.S. economy. The maker of equipment for mining companies and builders around the world said Friday that global economic uncertainty crimped sales in the latest quarter as companies held off on big purchases. Revenue in 2019 was 1.7% lower than a year earlier, and Caterpillar said it expected another decline in 2020.

Source: Wall Street Journal January 31, 2020 12:08 UTC