US manufacturing profits rise in Q2
U.S. manufacturing corporations' seasonally adjusted after-tax profits in the second quarter of 2024 totaled $210.9 billion, up $7.8 (±1.8) billion from the after-tax profits of $203.2 billion recorded in the first quarter of 2024, and up $10.3 (±1.1) billion from the after-tax profits of $200.6 billion recorded in the second quarter of 2023.
Seasonally adjusted sales for the quarter totaled $1,922.6 billion, not statistically different from the $1,919.0 billion in the first quarter of 2024, but down $62.3 (±34.2) billion from the $1,984.9 billion recorded in the second quarter of 2023.