Big American firms are getting hit by the euro crisis

The impact of the euro crisis feels rather abstract and distant to Americans: With their own economy still struggling to revive from its meltdown, how much worse could things get? But since the euro drama began, analysts have been trying to work out its impact on American multinationals with operations in Europe.

Now Factset has discovered that 11 of the 30 companies listed in the Dow Jones Industrial Average gave out their European revenue growth numbers. For 10 of those 11, growth in Europe has dropped sharply over the last three quarters; eight have seen an actual revenue decline; and for three the decline was in double-digit figures. “Based on these numbers,” says Factset in its report, “it appears that companies are continuing to see conditions getting worse in Europe in terms of generating revenue growth.”

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