STRONG DRIVER Caterpillar continues to outperform its multinational peers in Latin America. (Photo: Jo Mateix)

As reported in the Latin Business Chronical Latin America continues to outperform global sales for US and European multinationals.

These are heady times for multinational companies active in Latin America.  Revenues from the region rose an average 17.2 percent for the top multinationals tracked by Latin Business Chronicle in the latest quarterly Multinational Latin America Index. That’s on the heels of average 21.9 percent gains during the previous quarter.

The good news spans a wide swath of industries from natural gas to cars and heavy equipment. U.S.-based equipment maker Caterpillar posted the biggest jump in Latin American revenues among the companies tracked, with sales up 95.2 percent for the third quarter compared to a year earlier. Germany’s automaker Volkswagen had the next largest gain, up 38.7 percent, followed by Spain’s natural gas company Gas Natural Fenosa, with a 34.1 percent increase from a year earlier.

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