Consumer Goods Lead Midwest Growth PotentialCompanies in the consumer goods sector, which dominate the Midwest sample in the report (nearly 52 percent), have benefited from global trade. In fact, highly international consumer goods companies were twice as profitable as their domestically-oriented peers (eight percent vs. four percent). According to the latest HSBC Global Connections Trade Report, U.S. business leaders see Latin America as the most promising region for export trade growth in the near term, followed by China. “The buying power of emerging economies holds great potential in not only buffering consumer goods companies from the fluctuations of the market, but also in satisfying an appetite for U.S. brands and goods abroad,” said Trepiccione. “More Midwestern companies may want to consider expanding abroad, and with the help of HSBC’s global footprint, heritage and expertise in connecting customers to international opportunities, they will find the support they need to build their cross-border trade activity and business.” In July 2013, HSBC announced a $1 billion, 18-month dedicated loan program for small and medium size U.S. businesses looking to export or expand internationally, to help companies find global growth opportunities and to boost U.S. economic growth. About the HSBC Spotlight on U.S. Trade Conducted by the Economist Intelligence Unit, the ‘HSBC Spotlight on U.S. Trade’ is a series of reports and analyses of select publicly-traded companies in key regions across the U.S. that investigate the relationship between international activity – specifically operations and sales – on company performance between 2007-2012. The reports are based on a sample of 259 publicly listed U.S. companies, in four sectors and five regions which were categorized as having high or low levels of internationalization. For more information or to download the full report, visit: http://www.us.hsbc.com/1/2/home/business/corporate-banking/spotlight. Notes to editors: HSBC Bank USA, National Association, with total assets of $183.9bn as of 31 March 2013 (US GAAP), serves 3 million customers through retail banking and wealth management, commercial banking, private banking, asset management, and global banking and markets segments. It operates more than 250 bank branches throughout the United States. There are over 165 in New York State as well as branches in: California; Connecticut; Delaware; Washington, D.C.; Florida; Maryland; New Jersey; Pennsylvania; Oregon; Virginia; and Washington State. HSBC Bank USA, N.A. is the principal subsidiary of HSBC USA Inc., an indirect, wholly-owned subsidiary of HSBC North America Holdings Inc. HSBC Bank USA, N.A. is a member of the FDIC.