Latin America’s 25 largest multinational corporations, multilatinas, saw their revenues grow 4.1 percent on average in the second quarter of the year, compared with the previous quarter, Latin Trade’s Multilatina Index shows. The positive results are even better taking into account the second quarter of 2017, where the companies’ revenues grew only 0.6 percent from the previous quarter. Argentine steel product manufacturer Tenaris was the top performer, with revenues growing 71 percent compared with the second quarter of 2017. In second and third place are Mexico’s Mexichem (+34.4 percent) and Brazil’s Natura (+31.3 percent). Seven more companies in the index posted double-digit growth. But seven companies saw their revenues drop, led most notably by Brazilian aerospace firm Embraer, with a […]
Multilatina Index: Second Quarter 2018
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