After five years of muted growth, S&P 500 companies’ percentage of sales to foreign countries increased 1.53 percentage points in 2014 to 47.82%.
According to S&P Dow Jones Indices, European sales rebounded in 2014, accounting for 7.46% of total foreign sales, up from 6.8% in 2013, but still way down from 2012 when they accounted for 9.69% of the total.
The research and index provider also said that by sector, information technology was the most reliant on foreign sales to foreign sales, with 59.4% of its sales coming from abroad, up from 56.6% in 2013.
Foreign sales of S&P 500 firms peaked in 2008 when 47.94% of total revenue came from abroad.
