• Bloomberg


Shipments of construction equipment rose 10.4 percent in November from a year earlier as increased spending on building and mining projects drove demand for excavators and tractors at Komatsu Ltd. and its rivals, an industry group said Thursday.

Shipments rose to ¥219 billion, the 62nd straight month of increase, the Tokyo-based Japan Construction Equipment Manufacturers Association said. The group represents 76 companies, including Komatsu, Hitachi Construction Machinery Co. and Kubota Corp.

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