"Overall, 11 of the 30 companies in the DJIA provided revenue growth numbers for Europe for the fourth quarter. Of these 11 companies, eight reported a year-over-year decline in revenues. This number was above the number of Dow 30 companies reporting a year-over-year sales decrease in the previous quarter (6). In fact, this was the highest number of Dow 30 companies reporting a year-over-year decline in revenue from Europe since Q4 2012 (9)."On a sequential basis, nine of the 11 companies reported a lower year-over-year sales growth rate from Europe in Q4 2014 relative to Q3 2014. Five of these nine companies have reported lower year-over-year revenue growth for three consecutive quarters."