Today’s (November 30, 2022) GDP release (Q3 2022, Second Estimate) was accompanied by the Bureau of Economic Analysis (BEA) Corporate Profits report (Preliminary Estimate) for the 3rd Quarter.
Of course, there are many ways to adjust and depict overall Corporate Profits. For reference purposes, here is a chart from the St. Louis Federal Reserve (FRED) showing the Corporate Profits After Tax (without IVA and CCAdj) (last updated November 30, 2022 with a value of $2864.042 Billion SAAR):
Here is the Corporate Profits After Tax measure shown on a Percentage Change from a Year Ago perspective (value of 1.3%):
Data Source: FRED, Federal Reserve Economic Data, Federal Reserve Bank of St. Louis: Corporate Profits After Tax [CP]; U.S. Department of Commerce: Bureau of Economic Analysis; accessed November 30, 2022; https://research.stlouisfed.org/fred2/series/CP
RevSD, LLC offers the above data and projections for informational purposes only, and does not necessarily agree with information provided by these outside parties.
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