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HomeFashionSlight uptick in US retail sales in Q3 points to market stability

Slight uptick in US retail sales in Q3 points to market stability



Slight uptick in US retail sales in Q3 points to market stability

Seasonally-adjusted after-tax profits of US retail corporations with assets of $50 million and over totalled $44.1 billion in the third quarter (Q3) this year—down by $5.7 billion from the Q2 figure, but not statistically different from the $44 billion in Q3 2023, according to the Census Bureau.

Seasonally-adjusted sales for the quarter totalled $1,031.8 billion—up by $11.8 billion from the Q2 2024 figure, but not much different from the $1,031.6 billion in Q3 2023.

Seasonally-adjusted after-tax profits of US retail corporations with assets of $50 million and over totalled $44.1 billion in Q3 2024—down by $5.7 billion from the Q2 figure, but not much different from the $44 billion in Q3 2023, the Census Bureau said.
The same for US manufacturing firms totalled $187.5 billion—down by $18.9 billion from Q2 figure and down by $38.8 billion from the Q3 2023 figure.

US manufacturing corporations’ seasonally-adjusted after-tax profits in Q3 2024 totalled $187.5 billion—down by $18.9 billion from Q2 figure and down by $38.8 billion from the Q3 2023 figure.

Seasonally-adjusted sales for the quarter for US manufacturing corporations’ totalled $1,900.1 billion—down by $14.2 billion from the Q2 figure and down by $93.6 billion from the Q3 2023 figure.

US durable goods manufacturers’ seasonally-adjusted after-tax profits in Q3 2024 totalled $101.0 billion—down by $15.7 billion from the Q2 figure and down by $19.0 billion from the Q3 2023 figure. Seasonally adjusted sales for the quarter for such manufacturers’ totalled $965.5 billion—not statistically different from the Q2 2024 figure, but down by $44.4 billion from the Q3 2023 figure.

Fibre2Fashion News Desk (DS)




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