Q4-23 manufacturing profits slip
The U.S. Census Bureau announced the following seasonally adjusted quarterly after-tax profits for manufacturing industries statistics for fourth quarter of 2023:
After-Tax Profits and Sales, Fourth Quarter 2023 – Seasonally Adjusted Manufacturing Corporations
U.S. manufacturing corporations' seasonally adjusted after-tax profits in the fourth quarter of 2023 totaled $194.8 billion, down $30.2 (±1.5) billion from the after-tax profits of $224.9 billion recorded in the third quarter of 2023, and down $35.8 (±0.9) billion from the after-tax profits of $230.6 billion recorded in the fourth quarter of 2022.
Seasonally adjusted sales for the quarter totaled $1,966.3 billion, not statistically different from the $2,000.1 billion in the third quarter of 2023, but down $100.7 (±22.0) billion from the $2,067.0 billion recorded in the fourth quarter of 2022.
Nondurable Goods Manufacturers
Nondurable goods manufacturers' seasonally adjusted after-tax profits in the fourth quarter of 2023 totaled $62.1 billion, down $45.4 (±0.5) billion from the after-tax profits of $107.5 billion recorded in the third quarter of 2023, and down $57.8 (±0.6) billion from the after-tax profits of $119.9 billion recorded in the fourth quarter of 2022.
Seasonally adjusted sales for the quarter totaled $976.3 billion, down $19.6 (±17.6) billion from the $996.0 billion recorded in the third quarter of 2023, and down $90.0 (±11.5) billion from the $1,066.4 billion recorded in the fourth quarter of 2022.
Durable Goods Manufacturers
Durable goods manufacturers' seasonally adjusted after-tax profits in the fourth quarter of 2023 totaled $132.7 billion, up $15.2 (±1.3) billion from the after-tax profits of $117.4 billion recorded in the third quarter of 2023, and up $21.9 (±1.1) billion from the after-tax profits of $110.7 billion recorded in the fourth quarter of 2022.
Seasonally adjusted sales for the quarter totaled $990.0 billion, not statistically different from the $1,004.2 billion in the third quarter of 2023, and not statistically different from the $1,000.7 billion in the fourth quarter of 2022.
Wholesale Trade Corporations
Wholesale trade corporations' seasonally adjusted sales for the quarter totaled $944.8 billion, down $22.5 (±9.6) billion from the $967.2 billion recorded in the third quarter of 2023, and down $31.7 (±6.3) billion from the $976.5 billion recorded in the fourth quarter of 2022.
Information Services Corporations
Information corporations' seasonally adjusted sales for the quarter totaled $432.6 billion, up $15.2 (±8.2) billion from the $417.4 billion recorded in the third quarter of 2023, and up $20.0 (±2.9) billion from the $412.6 billion recorded in the fourth quarter of 2022.
After-Tax Profits and Sales, Fourth Quarter 2023 – Not Seasonally Adjusted Manufacturing Corporations
U.S. manufacturing corporations' fourth quarter 2023 unadjusted after-tax profits totaled $185.3 billion, down $36.0 (±0.9) billion from the after-tax profits of $221.3 billion recorded in the fourth quarter of 2022, and down $48.5 (±1.5) billion from the after-tax profits of $233.8 billion recorded in the third quarter of 2023.
Unadjusted sales for the fourth quarter of 2023 totaled $1,962.9 billion, down $99.9 (±22.0) billion from the $2,062.7 billion recorded in the fourth quarter of 2022, and down $65.3 (±33.8) billion from third quarter 2023 sales of $2,028.2 billion.
Nondurable Goods Manufacturers
Nondurable goods manufacturers' fourth quarter 2023 unadjusted after-tax profits totaled $53.7 billion, down $57.7 (±0.6) billion from the after-tax profits of $111.4 billion recorded in the fourth quarter of 2022, and down $62.0 (±0.5) billion from third quarter 2023 after-tax profits of $115.8 billion.
Unadjusted sales for the fourth quarter of 2023 totaled $968.6 billion, down $88.9 (±11.5) billion from the $1,057.4 billion recorded in the fourth quarter of 2022, and down $44.4 (±17.6) billion from third quarter 2023 sales of $1,013.0 billion.
Durable Goods Manufacturers
Durable goods manufacturers' fourth quarter 2023 unadjusted after-tax profits totaled $131.6 billion, up $21.7 (±1.1) billion from the after-tax profits of $109.9 billion recorded in the fourth quarter of 2022, and up $13.5 (±1.3) billion from third quarter 2023 after-tax profits of $118.1 billion.
Unadjusted sales for the fourth quarter of 2023 totaled $994.3 billion, not statistically different from the $1,005.3 billion recorded in the fourth quarter of 2022, but down $20.9 (±16.7) billion from third quarter 2023 sales of $1,015.2 billion.
Mining Corporations
Fourth quarter 2023 unadjusted after-tax profits for mining corporations with assets of $50 million and over totaled $27.7 billion, down $13.8 (±0.0) billion from the after-tax profits of $41.5 billion recorded in the fourth quarter of 2022, but up $7.1 (±0.1) billion from the after-tax profits of $20.6 billion recorded in the third quarter of 2023.
Unadjusted sales for the fourth quarter of 2023 totaled $111.3 billion, down $16.6 (±0.1) billion from the $127.9 billion recorded in the fourth quarter of 2022, and down $1.4 (±0.3) billion from third quarter 2023 sales of $112.8 billion.
Wholesale Trade Corporations
Fourth quarter 2023 unadjusted after-tax profits for wholesale trade corporations with assets of $50 million and over totaled $22.5 billion, down $6.6 (±0.2) billion from the after-tax profits of $29.1 billion recorded in the fourth quarter of 2022, and down $3.5 (±0.3) billion from the after-tax profits of $26.0 billion recorded in the third quarter of 2023.
Unadjusted sales for the fourth quarter of 2023 totaled $948.6 billion, down $33.2 (±6.3) billion from the $981.7 billion recorded in the fourth quarter of 2022, and down $33.7 (±9.6) billion from third quarter 2023 sales of $982.2 billion.
Information Corporations
Fourth quarter 2023 unadjusted after-tax profits for information corporations with assets of $50 million and over totaled $76.0 billion, up $55.3 (±0.3) billion from the after-tax profits of $20.7 billion recorded in the fourth quarter of 2022, but down $4.7 (±1.3) billion from the third quarter 2023 after-tax profits of $80.7 billion.
Unadjusted sales for the fourth quarter of 2023 totaled $441.0 billion, up $20.1 (±2.9) billion from the $420.8 billion recorded in the fourth quarter 2022, and up $26.4 (±8.2) billion from third quarter 2023 sales of $414.5 billion.
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