The Top 40 Foreign Companies kept the same general direction of their local counterparts, but did better.
The MNC Index falls in the second quarter, a reflection of the cooling of economic growth in key markets, as well as weakening currencies in the region.
The Swedish telecoms giant led growth in Latin America this quarter and in 2013.
Nokia continues to see steep declines in revenues.
The 3Q12 results of the Latin MNC Index from Latin Business Chronicle
French retailer Casino and Finnish wireless producer Nokia gain most among multinationals in Latin America.
Caterpillar, Volkswagen and AB InBev are the Latin America growth winners among multinationals.
Latin America continues to outperform global sales for US and European multinationals.
The multilatinas post higher growth than multinationals operating in Latin America.