Manufacturing Sector Profits Down From 2011

The Department of Commerce released its quarterly report on the health of the U.S. manufacturing sector today.  Manufacturing corporations' profits totaled $149.0 billion in the second quarter of 2012, up $0.7 billion from the previous quarter, but down from the $153.4 billion logged in the second quarter of 2011.  Though profits have idled, they’ve still rallied significantly since posting losses of more than $70 billion in late 2008.  In fact, current profits are the highest experienced in the 21st century other than the marginally higher 2nd quarter in 2011. 



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