U.S. Census Bureau: Manufacturing Profits Up For 1Q

The seasonally adjusted after-tax profits of U.S. manufacturing corporations totaled $119.0 billion.

WASHINGTON - Manufacturing profits were up for the first quarter of 2007 according to a report by the U.S. Commerce Department.

The seasonally adjusted after-tax profits of U.S. manufacturing corporations totaled $119.0 billion. This is an increase of approximately $6.3 billion from the $112.9 billion recorded in the fourth quarter of 2006, but down $3.7 billion from the first quarter of 2006.

First quarter seasonally adjusted sales for these manufacturers totaled $1,463.9 billion, up about $22.1 billion from the fourth quarter of 2006 and up $25.8 billion from the totals in the first quarter of 2006.

Durable goods manufacturing profits were up $3.1 billion to $51.0 billion and seasonally adjusted sales for durable goods was up $11.5 billion.

Non-durable goods from U.S. manufacturers also had an increase for the first quarter of 2007. After-tax profits were $68.1 billion, up approximately $3.1 billion from the fourth quarter of 2006.

Between 2003 and 2006, after-tax profits of U.S. manufacturers also increased, despite quarterly variations.

The data collected by the U.S. Census Bureau is based on quarterly financial reports from approximately 8,400 U.S. manufacturing corporations.

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First Quarter after tax-profits.
Source: U.S. Census Bureau
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The entire report can be reviewed by clicking here.

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