Corporate Profits Rose 4.1%, or $53.0 Billion in Q4 2019
Washington, D.C. (PPD) — The Bureau of Economic Analysis (BEA) reported corporate profits rose 4.1%, or $53.0 billion in the fourth quarter (Q4) 2019. That compares to a 1.1% decline of $4.7 billion in Q3 2019.
The figures cover current production, or corporate profits with inventory valuation and capital consumption adjustments.
There were no forecast ranges or consensus forecast to report.
Profits of domestic financial corporations rose $0.7 billion in Q4 2019 after declining by $4.7 billion in the previous quarter. Profits of domestic nonfinancial corporations gained $53.7 billion after declining by $5.5 billion.
Rest-of-the-world profits fell $1.4 billion, in contrast to an increase of $5.5 billion. In Q4 2019, receipts increased $3.4 billion, and payments increased $4.8 billion.
In 2019, profits from current production were unchanged, compared with an increase of $68.7 billion in 2018. Profits of domestic financial corporations rose $7.1 billion, compared with a gain of $11.1 billion.
Profits of domestic nonfinancial corporations fell $36.4 billion, after an increase of $10.0 billion. Rest-of-the-world profits gained $29.3 billion, compared with a gain of $47.6 billion.
