The latest statistics for the first three quarters of 2011 have been released by First Research. First Research is one of the leading sources of manufacturing performance information and reports on a wide variety of metrics each quarter.
Overall, the manufacturing sector continues to climb. Conversely, uncertainty about the future continues to dampen future expectations. Here are some of the highlights from the most recent report:
- Total U.S. manufacturers’ shipments rose 11.8% for the first eight months of 2011 as compared to the same period in 2010.
- Overall energy prices paid by manufacturers rose 3.7% in October as compared with the same period in 2010.
- Corporate profits for all U.S. manufacturers climbed 5.3% in the second quarter of 2011 as compared to the same period in 2010. However, profits for durable goods declined 3.3% and profits for nondurable goods increased 11.7%.
- Profits rose significantly in petroleum and coal products, which increased 35%.
- Profits were lower in sectors including electrical equipment, appliances, components, and makers of food, beverages and tobacco products.
- The total U.S. manufacturing sector grew in September 2011 for the 26th consecutive month, according to the Institute for Supply Management. Key areas of growth were wood products, petroleum and coal products, apparel and leather products.
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