{"id":8570,"date":"2013-09-18T13:15:03","date_gmt":"2013-09-18T18:15:03","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=8570"},"modified":"2013-09-18T13:15:03","modified_gmt":"2013-09-18T18:15:03","slug":"autos-and-energy-lead-the-growth-index-for-latin-america","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/autos-and-energy-lead-the-growth-index-for-latin-america\/","title":{"rendered":"Autos and Energy Lead the growth index for Latin America"},"content":{"rendered":"<p><a href=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2013\/09\/cars-2.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-8571\" title=\"cars 2\" src=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2013\/09\/cars-2.jpg\" alt=\"\" width=\"301\" height=\"190\" srcset=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2013\/09\/cars-2.jpg 301w, https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2013\/09\/cars-2-300x189.jpg 300w\" sizes=\"auto, (max-width: 301px) 100vw, 301px\" \/><\/a> <a href=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2013\/09\/power-lines.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-8572\" title=\"power lines\" src=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2013\/09\/power-lines.jpg\" alt=\"\" width=\"273\" height=\"189\" \/><\/a><\/p>\n<p>All signs point to continued growth in Latin America and we read that Autos and Energy are at the top of multinational indexes.<\/p>\n<p><!--[if gte mso 9]><xml> <o:OfficeDocumentSettings> <o:RelyOnVML \/> <o:AllowPNG \/> <\/o:OfficeDocumentSettings> <\/xml><![endif]--><\/p>\n<p><!--[if gte mso 9]><xml> <w:WordDocument> 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\tfont-family:\"Calibri\",\"sans-serif\"; \tmso-ascii-font-family:Calibri; \tmso-ascii-theme-font:minor-latin; \tmso-hansi-font-family:Calibri; \tmso-hansi-theme-font:minor-latin;} --> <!--[endif] --><\/p>\n<p style=\"margin: 0in; margin-bottom: .0001pt;\"><span style=\"font-size: 10.0pt; font-family: &amp;quot;Arial&amp;quot;,&amp;quot;sans-serif&amp;quot;; color: black;\">Volkswagen and Ford &#8211; saw strong growth this quarter, with sales up 17.1 percent to $6 billion and 28.2 percent to $3 billion respectively. This makes them the third and seventh largest multinationals in Latin America.<\/span><\/p>\n<p style=\"margin: 0in; margin-bottom: .0001pt;\"><span style=\"font-size: 10.0pt; font-family: &amp;quot;Arial&amp;quot;,&amp;quot;sans-serif&amp;quot;; color: black;\"> <\/span><\/p>\n<p style=\"margin: 0in; margin-bottom: .0001pt;\"><span style=\"font-size: 10.0pt; font-family: &amp;quot;Arial&amp;quot;,&amp;quot;sans-serif&amp;quot;; color: black;\">Energy companies also did well this quarter. Spain&#8217;s Endesa saw the largest revenues this quarter, with $3.5 billion in sales. But Spain&#8217;s Gas Natural Fenosa saw the largest revenue increase, with sales up 15 percent to $2.2 billion.\u00a0France&#8217;s Groupe Casino tops the index for <\/span><span style=\"font-size: 10.0pt; font-family: &amp;quot;Arial&amp;quot;,&amp;quot;sans-serif&amp;quot;; color: black;\">another quarter, with year over year <\/span><span style=\"font-size: 10.0pt; font-family: &amp;quot;Arial&amp;quot;,&amp;quot;sans-serif&amp;quot;; color: black;\">growth of 107.6 percent to $7.9 billion, making them the second highest-earning company\u00a0 after Spain&#8217;s Telefonica.<\/span><!--[if gte mso 9]><xml> <o:OfficeDocumentSettings> <o:RelyOnVML \/> <o:AllowPNG \/> <\/o:OfficeDocumentSettings> <\/xml><![endif]--><\/p>\n<p style=\"margin: 0in; margin-bottom: .0001pt;\"><!--[if gte mso 9]><xml> <w:WordDocument> <w:View>Normal<\/w:View> <w:Zoom>0<\/w:Zoom> <w:TrackMoves \/> <w:TrackFormatting \/> <w:PunctuationKerning \/> <w:ValidateAgainstSchemas \/> 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