Manufacturing profits, sales rise in third quarter from previous period

by Jeff Della Rosa ([email protected]) 120 views 

U.S. manufacturing corporations’ seasonally adjusted after-tax profits rose by $100.3 billion to $148.4 billion in the third quarter, from the second quarter, according to the U.S. Census Bureau.

The Census Bureau announced Tuesday (Dec. 8) the seasonally adjusted after-tax profits for manufacturing industries for the third quarter were up $4.3 billion from $144.1 billion in the same period in 2019. Seasonally adjusted sales rose $244.9 billion to $1,559.5 billion in the third quarter, from $1,314.5 billion in the second quarter. The sales were down $161.2 billion from $1,720.6 billion in the third quarter of 2019.

Nondurable goods manufacturers’ seasonally adjusted after-tax profits rose $32.2 billion to $54.2 billion in the third quarter, from $22 billion in the second quarter. The profits were down $8.3 billion from $62.6 billion in the third quarter of 2019. Seasonally adjusted sales increased $84.1 billion to $719.5 billion in the third quarter, from $635.4 billion in the second quarter. The sales decreased $100.3 billion from $819.8 billion in the third quarter of 2019.

Durable goods manufacturers’ seasonally adjusted after-tax profits rose $68.1 billion to $94.1 billion in the third quarter from $26.1 billion in the second quarter. The profits rose $12.6 billion from $81.5 billion in the third quarter of 2019. Seasonally adjusted sales rose $160.8 billion to $839.9 billion in the third quarter from $679.1 billion in the second quarter. The sales fell $60.9 billion from $900.8 billion in the third quarter of 2019.

UNADJUSTED PROFITS, SALES
U.S. manufacturing corporations’ unadjusted after-tax profits rose $3.9 billion to $160.6 billion in the third quarter, from $156.6 billion in the same period in 2019. The profits increased $107.3 billion from $53.2 billion in the second quarter. Unadjusted sales fell $162.6 billion to $1,578.3 billion in the third quarter, from $1,740.9 billion in the same period in 2019. The sales rose $244.4 billion from $1,333.9 billion in the second quarter.

Nondurable goods manufacturers’ unadjusted after-tax profits declined $8.6 billion to $61.2 billion in the third quarter from $69.9 billion in the same period in 2019. The profits rose by $36.9 billion from $24.3 billion in the second quarter. Unadjusted sales fell by $102 billion to $727.6 billion in the third quarter, from $829.6 billion in the same period in 2019. The sales rose $80.1 billion from $647.5 billion in the second quarter.

Durable goods manufacturers’ unadjusted after-tax profits increased $12.5 billion to $99.3 billion in the third quarter from $86.8 billion. The profits increased $70.4 billion from $28.9 billion in the second quarter. Unadjusted sales fell $60.6 billion to $850.7 billion in the third quarter from $911.2 billion in the same period in 2019. The sales increased $164.3 billion from $686.4 billion in the second quarter.

Unadjusted after-tax losses for mining corporations with assets of at least $50 million were $22.3 billion in the third quarter compared to after-tax profits of $3.1 billion in the same period in 2019. The losses were $44.1 billion in the second quarter. Unadjusted sales fell $25.3 billion to $51.2 billion in the third quarter, from $76.4 billion in the same period in 2019. The sales rose $11.4 billion from $39.7 billion in the second quarter.

Unadjusted after-tax profits for wholesale trade corporations with assets of at least $50 million rose by $4.3 billion to $12.9 billion in the third quarter, from $8.6 billion in the same period in 2019. The profits increased $4.9 billion from $8 billion in the second quarter. Unadjusted sales were flat at $707.1 billion in the third quarter, from the same period in 2019. The sales rose $90.6 billion from $616.5 billion in the second quarter.

Unadjusted after-tax profits for information corporations with assets of at least $50 million rose $4.7 billion to $53.1 billion in the third quarter from $48.3 billion in the same period in 2019. The profits increased $17.4 billion from $35.7 billion in the second quarter. Unadjusted sales fell $4.2 billion to $332.3 billion in the third quarter, from $336.5 billion in the same period in 2019. The sales increased $15.9 billion from $316.4 billion in the second quarter.

Unadjusted after-tax profits for professional and technical services corporations (except legal services) with assets of at least $50 million increased by $6.5 billion to $6.8 billion in the third quarter from $0.2 billion in the same period in 2019. The profits increased $9 billion from after-tax losses of $2.2 billion in the second quarter. Unadjusted sales rose by $12 billion to $165.4 billion in the third quarter, from $153.4 billion in the same period in 2019. The sales increased $7.9 billion from $157.5 billion in the second quarter.

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