Friday, June 26, 2020
Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) decreased $262.8 billion in the first quarter, in contrast to an increase of $53.0 billion in the fourth quarter (table 10).
Profits of domestic financial corporations decreased $37.5 billion in the first quarter, in contrast to an increase of $0.7 billion in the fourth quarter. Profits of domestic nonfinancial corporations decreased $181.8 billion, in contrast to an increase of $53.7 billion. Rest-of-the-world profits decreased $43.5 billion, compared with a decrease of $1.4 billion.
Updates to GDP
In the third estimate, first-quarter real GDP decreased 5.0 percent from the fourth quarter, unrevised from the second estimate. An upward revision to nonresidential fixed investment was offset by downward revisions to private inventory investment, PCE, and exports. For more information, see the Technical Note. For information on updates to GDP, see the "Additional Information" section below.
|Advance Estimate||Second Estimate||Third Estimate|
|(Percent change from preceding quarter)|
|Average of Real GDP and Real GDI||…||-4.6||-4.7|
|Gross domestic purchases price index||1.6||1.7||1.7|
|PCE price index||1.3||1.3||1.3|
|PCE price index excluding food and energy||1.8||1.6||1.7|