Corporate profits in the United States slumped 12.4 percent to USD 1,672.3 billion in the first quarter of 2020, after rising 2.1 percent in the previous period and compared with a preliminary estimate of a 14.2 percent plunge, final figures showed. It was the sharpest decline in corporate profits since the last quarter of 2008, amid the coronavirus crisis. Undistributed profits dropped by 46.6 percent to USD 296.6 billion and net cash flow with inventory valuation adjustment, the internal funds available to corporations for investment declined by 9.6 percent to USD 2,251.3 billion. Meanwhile, net dividends increased by 1.7 percent to USD 1,375.8 billion.
Corporate Profits in the United States averaged 503.56 USD Billion from 1950 until 2020, reaching an all time high of 1908.23 USD Billion in the fourth quarter of 2019 and a record low of 14.67 USD Billion in the first quarter of 1951. This page provides the latest reported value for - United States Corporate Profits - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Corporate Profits - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: U.S. Bureau of Economics Analysis
Corporate Profits in the United States is expected to be 1590.00 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Corporate Profits in the United States to stand at 1850.00 in 12 months time. In the long-term, the United States Corporate Profits is projected to trend around 1870.00 USD Billion in 2021, according to our econometric models.