The U.S. Department of Commerce reports that American manufacturing corporations posted $148.0 billion in profits during the first quarter of 2012. These profits, though only marginally higher than the net income of $145.4 billion in 2011, are still at a level unseen even before the recession. In the fourth quarter of 2008, manufacturing corporations truly felt the brunt of the recession, and actually recorded a loss of almost $75 billion, but since then, profits have rebounded swiftly to their current levels of nearly $150 billion. Sales on the whole also increased. In the first quarter of 2012, sales reached almost $1.7 trillion, up from about $1.57 trillion in the first quarter of 2011.
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