Seasonally adjusted after-tax profits for U.S. manufacturers totaled $110.6 billion in the second quarter 2006, according to a report released by the U.S. Census Bureau.
Second quarter 2006 after-tax profits were down $8.4 billion from the $119.0 billion recorded in the previous quarter. Second quarter 2006 after-tax profits were up $11.7 billion from the $98.9 billion recorded in the same quarter a year ago.
Nondurable goods after-tax profits for manufacturers in the second quarter were $68.1 billion, up $10.5 billion from the $57.7 billion in the second quarter 2005.
Seasonally adjusted sales for the quarter were $715.7 billion, up $7.1 billion from the $708.6 billion recorded in the prior quarter, and up $65.1 billion from the $650.6 billion in the second quarter 2005.
Second quarter 2006 seasonally adjusted after-tax profits for durable goods manufacturers were $42.4 billion, down $8.9 billion from the $51.4 billion recorded in the previous quarter, but up $1.2 billion from the $41.2 billion in the second quarter 2005.
Seasonally adjusted sales for the quarter remained somewhat flat at $719.7 billion, but up $45.4 billion from the $674.3 billion recorded in the second quarter 2005.
| U.S. Manufacturing Corporation Seasonally Adjusted After-Tax Profits. To view chart larger, click here. |
Unadjusted After-Tax Profits and Sales
Second quarter 2006 unadjusted after-tax profits for U.S. manufacturers were $118.1 billion, up $11.5 billion over the $106.7 billion recorded in the same quarter a year ago.Unadjusted sales for the second quarter 2006 were $1,465.1 billion, up $113.0 billion from $1,352.2 billion in the same quarter a year ago, and up $76.4 billion from the prior quarter sales of $1,388.7 billion.
Second quarter 2006 nondurable goods unadjusted after-tax profits for manufacturers were up $10.3 billion from the $59.1 billion recorded in the second quarter 2005.
When compared to the second quarter last year, the overall industry was up, assisted by petroleum and coal products increases of $9.4 billion coming from domestic and foreign operating income.