Pedestrians walk through the Canary Wharf financial district of London January 16, 2009. (Photo: Reuters)
Profits from current production — corporate profits with inventory valuation adjustment and capital consumption adjustment — rose $91.6 billion in the third quarter (3Q), compared with an increase of $14.4 billion in the second quarter (2Q).
Profits of domestic financial corporations increased $60.6 billion in the 3Q, in contrast to a decrease of $33.8 billion in the 2Q. Profits of domestic non-financial corporations increased $12.5 billion, compared with an increase of $59.1 billion.
Rest-of-the-world profits gained $18.6 billion juxtaposed to a decrease of $10.8 billion in the previous quarter.
In the 3Q, receipts increased $23.1 billion and payments gained $4.6 billion.
Meanwhile, gross domestic product in the 3Q was revised higher to 3.3% compared to the 3.0% gain in the advance estimate.
