[Economic Indicators December, 1995]
[Page Number 8]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
CORPORATE PROFITS

In the second quarter of 1995, according to current estimates, corporate 
profits before tax rose $3.5 billion (annual rate) and profits after tax 
rose $2.9 billion.
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  ______________________________________________________________________

                                                            [Billions of dollars; quarterly data at seasonally adjusted annual rates]                                                           
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                                                            Profits (before tax) with inventory valuation adjustment\1\                                    Profits after tax                    
                                                       ---------------------------------------------------------------------                     ------------------------------------           
                                                                                      Domestic industries                                                                                       
                                                                  ----------------------------------------------------------                                                                    
                                                                                                    Nonfinancial              Profits     Tax                                          Inventory
                        Period                                                         -------------------------------------  before   liability                       Undistributed   valuation
                                                         Total\2\                                                 Wholesale     tax                 Total   Dividends     profits     adjustment
                                                                     Total   Financial                               and                                                                        
                                                                                         Total\3\  Manufacturing    retail                                                                      
                                                                                                                    trade                                                                       
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1986..................................................      227.6     194.6       35.8      158.9         59.0        46.3      217.8     106.5      111.3      109.8          1.6           9.7
1987..................................................      273.4     233.9       36.4      197.5         87.0        39.9      287.9     127.1      160.8      106.2         54.6         -14.5
1988..................................................      320.3     271.2       41.8      229.4        117.5        37.1      347.5     137.0      210.5      115.3         95.2         -27.3
1989..................................................      325.4     266.0       50.6      215.3        108.0        39.7      342.9     141.3      201.6      134.6         67.1         -17.5
1990..................................................      354.7     286.7       65.7      221.1        109.1        37.2      365.7     138.7      227.1      153.5         73.6         -11.0
1991..................................................      370.9     302.4       84.3      218.1         90.1        46.7      365.2     131.1      234.1      160.0         74.1           5.8
1992..................................................      389.4     328.8       81.9      246.9         94.5        54.8      395.9     139.7      256.2      171.1         85.1          -6.4
1993..................................................      456.2     391.0      103.7      287.3        114.2        61.2      462.4     173.2      289.2      191.7         97.5          -6.2
1994..................................................      505.0     444.6      104.0      340.6        145.6        67.6      524.5     202.5      322.0      205.2        116.9         -19.5
                                                                                                                                                                                                
1986:IV...............................................      225.0     192.5       34.7      157.8         63.9        43.1      235.7     116.6      119.2      111.0          8.2         -10.7
1987:IV...............................................      293.4     246.3       39.4      207.0         98.7        39.3      311.2     135.2      176.0      106.3         69.7         -17.8
1988:IV...............................................      340.5     285.9       46.1      239.7        129.3        39.3      372.2     146.2      226.0      121.0        105.0         -31.7
1989:IV...............................................      320.6     254.8       52.5      202.3         94.5        39.2      334.1     134.2      200.0      141.3         58.7         -13.5
1990:IV...............................................      349.3     273.8       66.6      207.2         98.5        36.2      368.9     137.0      231.8      153.7         78.1         -19.5
1991:IV...............................................      372.3     301.4       84.6      216.8         85.3        47.4      373.1     133.1      240.0      160.9         79.1           -.8
1992:IV...............................................      415.6     361.0       86.7      274.3        101.3        64.6      413.5     148.6      264.8      182.1         82.7           2.1
                                                                                                                                                                                                
1993:I................................................      421.5     354.0       95.9      258.0         96.2        56.0      432.7     159.8      273.0      188.2         84.7         -11.2
      II..............................................      446.6     383.8      100.1      283.7        114.2        63.3      456.6     171.8      284.8      190.7         94.1         -10.0
      III.............................................      461.7     392.6      103.9      288.7        112.4        62.0      458.7     169.9      288.9      193.2         95.6           3.0
      IV..............................................      495.1     433.4      114.6      318.8        134.2        63.7      501.7     191.5      310.2      194.6        115.6          -6.5
                                                                                                                                                                                                
1994:I................................................      471.2     410.1       89.6      320.5        145.1        59.0      483.5     184.1      299.4      196.3        103.0         -12.3
      II..............................................      509.0     448.2      106.4      341.8        143.0        72.0      523.1     201.7      321.4      202.5        118.9         -14.1
      III.............................................      518.5     458.1      112.6      345.5        143.3        70.1      538.1     208.6      329.5      207.9        121.6         -19.6
      IV..............................................      521.4     461.7      107.2      354.5        150.9        69.2      553.5     215.6      337.9      213.9        124.0         -32.1
                                                                                                                                                                                                
1995:I................................................      531.6     462.9      115.2      347.7        143.9        66.7      570.6     220.0      350.7      217.1        133.5         -39.0
      II..............................................      545.9     473.6      116.2      357.4        148.9        64.0      574.1     220.4      353.6      219.9        133.8         -28.2
      IIIp............................................  .........  ........  .........  .........  .............  .........  ........  .........  ........      223.7  .............        -7.4
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    \1\See p. 4 for profits with 
inventory valuation and capital 
consumption adjustments.
    \2\Includes rest of the world, 
not shown separately.
    \3\Includes industries not shown 
separately.

    Note.--See Note, p. 1.

    Source: Department of Commerce, 
Bureau of Economic Analysis.