Manufacturing Profits Up in 1Q 2013

June 11, 2013

U.S. manufacturing corporations saw their seasonally adjusted after-tax profits for the first quarter of 2013 total $152.5 billion, up $14.4 billion from the $138.1 total of the last quarter of 2012, according to a report from the U.S. Census Bureau. Profits were up $6.0 billion from the corresponding first quarter of 2012.

Manufacturing efficiency continues to be a major benefit to companies given that seasonally adjusted sales for the quarter were $1,677.1 billion, down $4.7 billion from the $1,681.9 billion recorded in the fourth quarter of 2012 and $15.6 billion less than was sold in the first quarter of 2012 ($1,692.7 billion).

Seasonally adjusted after-tax profits for nondurable goods manufacturers rose $4.9 billion to $82.0 billion in the first quarter of 2013 compared to 4Q 2012, but sales were essentially flat.

Durable goods manufacturers saw profits rise $9.6 billion to $70.5 billion in the first quarter but seasonally adjusted sales were down $5.8 billion to $777.6 billion. Sales for the first three months of 2013 were nearly identical to the first quarter of 2012 - $776.6 billion.

About the Author

Steve Minter Blog | Executive Editor

Focus: Global Economy & International Trade

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An award-winning editor, Executive Editor Steve Minter covers global economic and international trade issues, tackling subject matter ranging from manufacturing trends, public policy and regulations in developed and emerging markets to global regulation and currency exchange rates. As well, he supervises content production of all IW editorial products including the magazine,, research and informationproducts, and executive conferences. 

Before joining the IW staff, Steve was publisher and editorial director of Penton Media’s EHS Today, where he was instrumental in the development of the Champions of Safety and America’s Safest Companies recognition programs.

Steve received his B.A. in English from Oberlin College. He is married and has two children.

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