It seems that trade war that hurt many manufacturers from Alcoa Corp. to General Motors Co., has not influenced the operating results of the largest producer of machinery equipment in the world, Bloomberg reports. Thanks to Caterpillar's yellow diggers, sales of the company grew by 24% in the second quarter. Caterpillar also raised 2018 results forecast.

Estimates of profitability in 2018 was increased for the second time this year. And this is a good sign, since manufacturing company that employes more than 100000 is a some kind of bellweather for global economic growth. 

Today Caterpillar benefits from high pace of development in construction and mining sectors. However, trade disputes influenced the company as well. Caterpillar informed that it will have to raise prices due to new tariffs.

Forecast for earnings per share will be raised from $11 to $12. Shares grew by 3,5% today.