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May 8, 2007

The Global Economic Boom

Further to my earlier Richard Russell global economic boom post, some great data in a new Bloomberg piece on the changing reliance of U.S. public companies on overseas sales.

Companies in the Standard & Poor's 500 Index get 49 percent of their sales from outside the U.S., up from 30 percent in 2001, according to S&P, whose index includes the biggest corporations

Non-U.S. sales accounted for 48.6 percent of total revenue for S&P 500 companies last year, based on estimates compiled by S&P, the New York-based unit of McGraw-Hill Cos. That's the highest since comparable figures became available in 1999, said Howard Silverblatt, S&P's New York-based senior index analyst.

Much more here.

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