Caterpillar Inc. equipment is on display for sale at a retail site in San Diego, California, U.S., March 3, 2017. REUTERS/Mike Blake/File Photo

July 30 (Reuters) – Caterpillar Inc (CAT.N) on Friday reported a rise in second-quarter adjusted profit, as a recovery in global economic activity from pandemic lows fueled demand for its heavy machinery and construction equipment.

The company, an industrial bellwether and proxy for global economic activity, has been benefiting from higher infrastructure spending around the globe, particularly in China.

The global economy is expected to expand at 6.0% this year and 4.5% in 2022, according to Reuters polls but a majority of the economists flagged the latest coronavirus variants as the biggest risk to the outlook. read more

Adjusted profit for the three months ended June 30 rose to $2.60 per share, from $1.27 per share, a year earlier.

Revenue rose to $12.89 billion from $9.997 billion.


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