Retail

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

11 Dec '24

1 min read

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

Pic: Adobe Stock

Insights

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.

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.

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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