Q1 manufacturing profitability down 13.5% vs. Q1 2023
U.S. manufacturing corporations' seasonally adjusted after-tax profits in the first quarter of 2024 totaled $200.0 billion, not statistically different from the $199.6 billion in the fourth quarter of 2023, reported the U.S Census Bureau.
However, it's down $27.0 (±1.2) billion from the $227.0 billion recorded in the first quarter of 2023.
Seasonally adjusted sales for the quarter totaled $1,904.5 billion, down $54.1 (±5.1) billion from the $1,958.6 billion recorded in the fourth quarter of 2023, and down $126.3 (±30.2) billion from the $2,030.8 billion recorded in the first quarter of 2023.
INDUSTRIAL SUPPLY MAGAZINE
The July/August issue of Industrial Supply magazine features an in-depth cover story about Singer Industrial. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and Rachael Radford, as well as interviews with numerous product and distribution industry experts.
