[U.S. Department of Commerce Seal]

UNITED STATES BUREAU OF THE CENSUS

Economic and Statistics Administration, U.S. Department of Commerce


SECOND QUARTER 2004 ADVANCE DATA FROM THE QUARTERLY FINANCIAL REPORT FOR U.S. MANUFACTURING, MINING, AND TRADE CORPORATIONS

September 2004-------------------Released 10 a.m. (EDT), Monday, September 13, 2004 (CB04-157)
Contact: Yolando St.George (301) 763-6600 or John Seabold (301) 763-3386.

e-mail: csd.qfr@census.gov
Availability | Order & Release | QFR Program |

CHART 1:
[CHART 1: Manufacturing After-Tax Profits]
CHART 2:
[Manufacturing Profits Per Dollar of Sales]

Seasonally Adjusted After-Tax Profits and Sales

Manufacturing Corporations Manufacturing Corporations Seasonally adjusted after-tax profits of U.S. manufacturing corporations totaled $82.4 billion in the second quarter 2004, the Department of Commerce's U.S. Census Bureau reported. Second quarter 2004 after-tax profits were up $7.8 (+/-1.1) billion from the $74.7 billion recorded in the prior quarter due to an increase of $4.8 (+/-1.0) billion by durable manufacturers and $3.0 (+/-0.6) billion by nondurable manufacturers. Second quarter 2004 after-tax profits were up $32.2 (+/-1.2) billion from the $50.3 billion recorded in the same quarter a year ago.

Seasonally adjusted sales for these manufacturers totaled $1,199.2 billion for the quarter, up $33.8 (+/-7.8) billion from the $1,165.4 billion recorded in the first quarter 2004, and up $128.1 (+/-7.6) billion from the $1,071.1 billion recorded the year before.

After-tax profits averaged 6.9 cents per dollar of sales for the quarter, 6.4 cents last quarter, and 4.7 cents a year ago.

Nondurable Goods Manufacturers Nondurable goods manufacturers' after-tax profits in the second quarter 2004 were $43.5 billion, up $3.0 (+/-0.6) billion from the $40.5 billion recorded in the previous quarter, and up $10.0 (+/-0.7) billion from the $33.5 billion in the second quarter 2003.

Seasonally adjusted sales for the quarter were $575.7 billion, up $17.3 (+/-5.6) billion from the $558.4 billion recorded in the prior quarter, and up $62.5 (+/-6.3) billion from the $513.3 billion in the second quarter 2003.

After-tax profits averaged 7.6 cents per dollar of sales for the quarter, 7.3 cents last quarter, and 6.5 cents a year ago.

Durable Goods Manufacturers Second quarter 2004 seasonally adjusted after-tax profits for durable goods manufacturers were $38.9 billion, up $4.8 (+/-1.0) billion from the $34.2 billion recorded in the previous quarter, and up $22.1 (+/-1.0) billion from $16.8 billion in the second quarter 2003.

Seasonally adjusted sales for the quarter were $623.5 billion, up $16.5 (+/-6.1) billion from the $607.0 billion recorded in the previous quarter, and up $65.6 (+/-6.0) billion from the $557.9 billion recorded in the second quarter 2003.

After-tax profits averaged 6.2 cents per dollar of sales for the quarter, 5.6 cents last quarter, and 3.0 cents a year ago.

Unadjusted After-Tax Profits and Sales

Manufacturing Corporations Second quarter 2004 unadjusted after-tax profits for U.S. manufacturing corporations were $89.5 billion, up $31.7 (+/-1.2) billion over the $57.8 billion recorded in the same quarter a year ago. This improvement was mainly due to higher operating profits and equity income. When compared to the first quarter 2004 after-tax profits of $74.1 billion, the second quarter 2004 after-tax profits were up $15.4 (+/-1.1) billion.

Unadjusted sales for the second quarter 2004 were $1,227.6 billion, up $130.7 (+/-7.6) billion from the $1,096.9 billion in the same quarter a year ago, and up $93.1 (+/-7.8) billion from the prior quarter sales of $1,134.5 billion.

After-tax profits per dollar of sales averaged 7.3 cents this quarter, 6.5 cents last quarter, and 5.3 cents in the second quarter 2003.

Nondurable Goods Manufacturers Second quarter 2004 nondurable goods manufacturers' unadjusted after-tax profits of $45.7 billion were up $9.7 (+/-0.7) billion from the $36.0 billion recorded in the second quarter 2003. Most nondurable categories were up. Petroleum and coal products contributed the largest increase, $6.2 (+/-0.1) billion, mainly due to equity income and the absence of the nonrecurring charges of a year ago. Equity income also played a big role in the increases reported by the food products, paper products, and pharmaceuticals and medicines. The changes in all other chemical products and plastics and rubber products were not statistically significant.

Unadjusted sales for the second quarter 2004 were $586.5 billion, up $62.5 (+/-6.3) billion from the $524.0 billion in the same quarter a year ago, and up $42.9 (+/-5.6) billion from the prior quarter sales of $543.6 billion.

After-tax profits per dollar of sales averaged 7.8 cents this quarter, 7.4 cents last quarter, and 6.9 cents in the second quarter 2003.

When compared to the first quarter 2004 after-tax profits of $40.1 billion, the second quarter 2004 after-tax profits were up $5.6 (+/-0.6) billion. Most nondurable categories were up when compared to last quarter. Petroleum and coal products again led the field with increased operating profits of $3.4 (+/-0.1) billion as well as nonrecurring gains. Beverage and tobacco products showed improvements in all areas resulting in an increase of $1.9 (+/-0.1) billion. Pharmaceuticals and medicines' high operating costs were partly offset by the absence of the high nonrecurring charges last quarter, resulting in a net decrease of $0.7 (+/-0.3) billion.

Durable Goods Manufacturers Second quarter 2004 durable goods manufacturers unadjusted after-tax profits of $43.8 billion were up $22.0 (+/-1.0) billion from the $21.8 billion recorded in the second quarter 2003. Most durable goods manufacturing categories improved their after-tax positions this quarter. Computers and electronics' increase of $6.9 (+/-0.5) billion was due to strong operating and equity income. Strong operating and equity income also contributed to the improvement of motor vehicles and parts' $3.6 (+/-0.2) billion, machinery's $2.6 (+/-0.4) billion, as well as that of iron, steel and ferroalloys' $2.0 (+/-0.1) billion.

Unadjusted sales for the second quarter 2004 were $641.1 billion, up $68.2 (+/-6.0) billion from the $572.9 billion in the same quarter a year ago, and up $50.2 (+/-6.1) billion from the prior quarter sales of $590.9 billion.

After-tax profits per dollar of sales averaged 6.8 cents this quarter, 5.8 cents last quarter, and 3.8 cents in the second quarter 2003.

When compared to the first quarter 2004 after-tax profits of $34.0 billion, the second quarter 2004 after-tax profits increased $9.8 (+/-1.0) billion. Most durable goods manufacturing categories improved their after-tax positions this quarter. Machinery's increase of $2.0 (+/-0.3) billion resulted from stronger operating profits. Motor vehicles and parts' operating income contributed to their increase of $1.9 (+/-0.2) billion. Nonmetallic mineral products rebounded from last quarter's disappointing operating profits with an increase of $1.3 (+/-0.2) billion. Fabricated metal products and electrical equipment, appliances, and components also improved their operating profits this quarter over the last.

Mining Corporations Second quarter 2004 unadjusted after-tax profits for mining corporations with assets of $50 million and over at $4.0 billion were up $1.1 (+/-0.1) billion from the $3.0 billion recorded in the second quarter 2003.

Unadjusted sales for the quarter were $27.2 billion, up $4.2 (+/-0.2) billion from the $23.0 billion in the same quarter a year ago.

After-tax profits per dollar of sales averaged 14.7 cents this quarter compared to the 12.8 cents in the second quarter 2003.

Wholesale Trade Corporations Second quarter 2004 unadjusted after-tax profits for wholesale trade corporations with assets of $50 million and over at $8.4 billion were up $3.6 (+/-0.3) billion from the $4.8 billion recorded in the second quarter 2003.

Unadjusted sales this quarter were $380.6 billion, up $48.4 (+/-6.4) billion from the $332.2 billion in the same quarter a year ago.

After-tax profits per dollar of sales averaged 2.2 cents this quarter compared to 1.5 cents in the second quarter 2003.

NOTE
These advance data, based on quarterly financial reports from approximately 8,000 corporations, were released today from the Quarterly Financial Report for Manufacturing, Mining, and Trade Corporations – Second quarter 2004 (QFR-04-2).

SAMPLING
The data presented in this report are estimated from a sample survey and therefore are subject to sampling variability as well as nonsampling variability such as response error, nonreporting, and coverage errors. Estimates of sampling variability are presented in the publication. A statement such as "up 2.5 (+/-0.2) cents," appearing in the text, indicates the range (+2.3 to +2.7 cents) in which the actual change is likely to have occurred. The range given for the change is a 90 percent confidence interval that accounts only for sampling variability. If the range had contained zero (0), it would have been uncertain whether there was an increase or decrease; that is, the change would not have been statistically significant. For any comparison cited without a confidence interval, the change is statistically significant. The quarterly publication includes more detailed explanations of confidence intervals and sampling variability, along with additional measures of sampling variability.

DATA AVAILABILITY
This press release can be viewed today in page image format (.pdf) at the internet website (http://www.census.gov/csd/qfr/). In addition, more detailed information on U.S. Manufacturing, Mining, and Wholesale and Retail Trade Corporations is available for downloading at our website under "QFR Products: Publication". The publication includes statements of income and retained earnings, balance sheets, and related financial and operating ratios. Data presented are classified by industry and asset size. The publication becomes available for sale approximately two weeks from the date of this release from the Superintendent of Documents, P.O. Box 371954, Pittsburgh, PA 15250- 7954 (202-512-1800). Fax orders to (202) 512-2250 or phone orders to (202) 512-1800 (8am-4:30pm EST). The cost for an annual subscription is $58 domestic and $81.20 foreign. Data are also available on 3.5 inch diskettes from the U.S. Department of Commerce, Census Bureau (MS0801), P.O. Box 277943, Atlanta, GA 30384-7943 (301-763-INFO/301-763-4636).The cost for an annual subscription is $80 domestic and $105 foreign. The cost for a single diskette is $50. All remittances from foreign countries must be by international money order or by draft on a U.S. bank.

Second quarter 2004 advance data for U.S. Retail Corporations are scheduled for release on October 13, 2004. Third quarter 2004 advance data for U.S Manufacturing, Mining and Wholesale Trade Corporations are scheduled for release on December 14, 2004.

AVAILABILITY:

The complete report, Quarterly Financial Report for Manufacturing, Mining and Trade Corporations, is available for download, under "Products: Publication", at <http://www.census.gov/csd/qfr/>.

This press release is available in page image format (.pdf). This press release is available on the day of issue on the Internet (http://www.census.gov/csd/www/qfr.html).

Questions regarding this report (or program) should be directed to Yolando St.George (301) 763-6600 or John Seabold (301) 763-3386.

TABLE 1. PART A--ALL U.S. MANUFACTURING CORPORATIONS 

   


                                               Seasonally Adjusted

                                                2Q        1Q        2Q    
                                               2004      2004(1)   2003(1)
Rate of return (after taxes):
 Cents per dollar of sales ................     6.9       6.4       4.7
 Percent on equity (annual rate) ..........      NA        NA        NA    

                                                   (million dollars) 
Sales ....................................1,199,240 1,165,432 1,071,117
 Income after income taxes ................  82,430    74,655    50,275
 Dividends paid (cash) ....................      NA        NA        NA
(1)Revised.

SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade Corporations--QFR-04-2, September 2004.

TABLE 1. PART B--ALL U.S. MANUFACTURING CORPORATIONS 

                                                    Unadjusted 

                                                2Q        1Q        2Q    
                                               2004      2004(1)   2003(1)    
Rate of return (after taxes):
 Cents per dollar of sales ................     7.3      6.5       5.3
 Percent on equity (annual rate) ..........    16.6     14.1      11.9   
                                                  
                                                   (million dollars) 
Sales ....................................1,227,572 1,134,511 1,096,910
 Income after income taxes ................  89,501    74,058    57,815
 Dividends paid (cash) ....................  30,143    25,413    28,874
(1)Revised.

SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade Corporations--QFR-04-2, September 2004.

TABLE 2. PART A--U.S. MANUFACTURING CORPORATIONS
SEASONALLY ADJUSTED SALES(1)


                                                 Sales(2)   

         Industry Group and Year        Q1       Q2        Q3       Q4
                                              (million dollars)
All manufacturing:
    1994 ..........................  784,482   802,934   825,252   841,863
    1995 ..........................  871,428   872,475   883,439   900,181
    1996 ..........................  914,355   932,088   948,095   962,145
    1997 ..........................  965,929   971,488   986,319   996,578
    1998 ..........................  989,768   980,865   985,309   995,245
    1999 ..........................1,002,933 1,025,622 1,047,219 1,073,595
    2000 ..........................1,120,135 1,126,638 1,144,679 1,123,099
    2001 ..........................1,115,154 1,091,613 1,059,684 1,030,585
    2002 ..........................1,023,577 1,046,446 1,066,351 1,080,347
    2003 ..........................1,098,621 1,071,117 1,107,925 1,113,251
    2004 ..........................1,165,432 1,199,240 
All nondurable manufacturing:
    1994 ..........................  387,255   394,635   405,688   410,109
    1995 ..........................  425,739   427,373   430,767   436,315
    1996 ..........................  442,282   451,864   457,601   463,741
    1997 ..........................  463,282   455,744   461,054   464,705
    1998 ..........................  452,212   445,368   443,106   441,183
    1999 ..........................  445,547   452,138   460,463   476,814
    2000 ..........................  507,230   513,803   527,173   505,394
    2001 ..........................  508,364   504,825   488,443   473,171
    2002 ..........................  463,172   477,364   497,081   518,579
    2003 ..........................  538,510   513,254   532,158   529,905
    2004 ..........................  558,409   575,735
All durable manufacturing:
    1994 ..........................  397,227   408,299   419,564   431,754
    1995 ..........................  445,689   445,102   452,672   463,866
    1996...........................  472,073   480,224   490,494   498,404
    1997 ..........................  502,647   515,744   525,265   531,873
    1998 ..........................  537,556   535,498   542,203   554,063
    1999 ..........................  557,385   573,484   586,755   596,781
    2000 ..........................  612,905   612,835   617,506   617,705
    2001 ..........................  606,790   586,788   571,240   557,414
    2002 ..........................  560,405   569,082   569,270   561,768
    2003 ..........................  560,110   557,862   575,767   583,345
    2004 ..........................  607,023   623,505
(1)Data after fourth quarter 2000 are presented on the North American Industry Classification System basis. Data prior to fourth quarter 2000 are presented on the Standard Industrial Classification system basis. Comparisons of these data are useful only for trend analysis.
(2)Revised.

SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade Corporations--QFR-04-2, September 2004.

TABLE 2. PART B--U.S. MANUFACTURING CORPORATIONS
SEASONALLY ADJUSTED NET INCOME AFTER-TAX(1)

 
                                            After-Tax Profits(2)

         Industry Group and Year         Q1       Q2        Q3       Q4
                                               (million dollars)
All manufacturing:
    1994 ..........................   36,441    41,151    45,417    52,046
    1995 ..........................   52,815    51,972    49,320    44,192
    1996 ..........................   51,247    53,974    61,168    58,721
    1997 ..........................   60,764    61,859    61,799    60,333
    1998 ..........................   74,730    49,093    61,067    49,764
    1999 ..........................   59,923    63,414    66,991    67,624
    2000 ..........................   77,375    71,046    74,424    47,378
    2001 ..........................       70    16,314    11,844     7,839
    2002 ..........................   25,099    38,407    42,361    34,122
    2003 ..........................   58,686    50,275    54,914    71,505
    2004 ..........................   74,655    82,430
All nondurable manufacturing:
    1994 ..........................   18,994    19,819    22,457    26,548
    1995 ..........................   25,878    28,194    27,602    22,235
    1996 ..........................   28,037    28,307    32,124    30,455
    1997 ..........................   33,398    30,671    30,508    28,727
    1998 ..........................   29,785    28,480    30,829    17,648
    1999 ..........................   26,534    28,782    31,435    30,792
    2000 ..........................   37,623    38,349    37,315    29,109
    2001 ..........................   31,850    33,715    27,456    19,205
    2002 ..........................   27,034    28,427    31,514    31,543
    2003 ..........................   44,002    33,462    30,581    39,706
    2004 ..........................   40,488    43,486
All durable manufacturing:
    1994 ..........................   17,447    21,332    22,960    25,498
    1995 ..........................   26,938    23,778    21,718    21,957
    1996 ..........................   23,211    25,667    29,045    28,266
    1997 ..........................   27,366    31,189    31,291    31,607
    1998 ..........................   44,945    20,614    30,238    32,117
    1999 ..........................   33,389    34,632    35,556    36,832
    2000 ..........................   39,753    32,696    37,109    18,269
    2001 ..........................  (31,781)  (17,401)  (15,612)  (11,367)
    2002 ..........................   (1,935)    9,980    10,847     2,580
    2003 ..........................   14,684    16,813    24,333    31,798
    2004 ..........................   34,167    38,944
(1)Data after fourth quarter 2000 are presented on the North American Industry Classification System basis. Data prior to fourth quarter 2000 are presented on the Standard Industrial Classification system basis. Comparisons of these data are useful only for trend analysis.
(2)Revised.

SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade Corporations--QFR-04-2, September 2004.

TABLE 3. PART A--U.S. MANUFACTURING, MINING, AND TRADE CORPORATIONS
UNADJUSTED SALES AND PROFITS 

                                                      Sales

                                                 2Q        1Q        2Q 
                Industry Group                 2004      2004(2)   2003(2)
                                                   (million dollars)
All manufacturing corporations(3)..........1,227,572 1,134,511 1,096,910

All nondurable goods.......................  586,508   543,617   524,023
  Food.....................................  101,207    94,756    89,056
  Beverage and tobbaco products............   35,940    31,939    35,393
  Textiles mills and textile product mills.   12,936    11,934    12,326 
  Apparel and leather products.............   23,964    21,337    20,526
  Paper ...................................   41,018    38,180    36,096
  Printing and related support activities..   16,445    16,654    17,047
  Petroleum and coal products..............  174,023   158,003   141,318
  Chemicals ...............................  145,329   138,659   140,469
   Basic chemicals, resins, and               
    synthetics(4)..........................   44,678    42,724    40,181
   Pharmaceuticals and medicines(4)........   58,018    57,365    60,355
   All other chemicals(4)..................   42,633    38,571    39,933
  Plastics and rubber products.............   35,645    32,154    31,792
                                                                        
All durable manufacturing..................  641,064   590,895   572,887
  Wood products............................   18,524    16,273    15,456
  Nonmetallic mineral products.............   24,956    19,919    23,060
  Primary metals...........................   43,771    37,894    33,659 
   Iron, steel, and ferroalloys(4).........   22,442    18,119    14,941
   Nonferrous metals(4)....................   16,925    15,639    13,894
   Foundries(4)............................    4,404     4,136     4,824
  Fabricated metal products................   58,621    53,514    51,658
  Machinery ...............................   74,483    65,203    66,083
  Computer and electronic products.........  120,288   114,446   105,610
   Computer and peripheral equipment(4)....   35,646    35,262    35,207
   Communications equipment(4).............   25,406    22,862    19,922
   All other electronic products(4)........   59,235    56,322    50,482
  Electrical equipment, appliances and
   components..............................   52,422    45,203    45,827
  Transportation equipment ................  205,696   198,210   192,508
   Motor vehicles and parts(4).............  150,142   145,170   142,316
   Aerospace products and parts(4).........   45,533    43,721    42,437
  Furniture and related products...........   14,928    13,874    13,092
  Miscellaneous manufacturing..............   27,373    26,358    25,934

All mining(3)..............................   27,215    25,719    22,992
All wholesale trade(3).....................  380,640   358,681   332,204
All retail trade(3)........................       NA   393,272   364,786
(1)Operating profits are profits before nonoperating income and expense items and income taxes.
(2)Revised.
(3)Manufacturing data are the quarterly results of companies within that division with assets over $250,000; whereas, data for mining and trade corporations represent the quarterly results of companies with assets over $50 million.
(4)Included in major industry above.

SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade Corporations--QFR-04-2, September 2004.

TABLE 3. PART B--U.S. MANUFACTURING, MINING, AND TRADE CORPORATIONS
UNADJUSTED SALES AND PROFITS 

 
                                                 Operating Profits(1)

                                                 2Q        1Q        2Q
                Industry Group                 2004      2004(2)   2003(2)
                                                   (million dollars)
All manufacturing corporations(3)..........   83,497    65,907    64,210

All nondurable goods.......................   42,783    36,891    40,163
  Food.....................................    5,942     6,075     5,448
  Beverage and tobbaco products............    6,373     5,082     6,408
  Textiles mills and textile product mills.      678       370       474 
  Apparel and leather products.............    1,896     1,477     1,359
  Paper ...................................    2,779     1,927     1,692
  Printing and related support activities..    1,228     1,326     1,106
  Petroleum and coal products..............    8,882     5,157     7,142
  Chemicals ...............................   12,731    13,880    14,402
   Basic chemicals, resins, and               
    synthetics(4)..........................    2,086     1,902     2,118
   Pharmaceuticals and medicines(4)........    5,911     7,771     8,188
   All other chemicals(4)..................    4,734     4,207     4,096
  Plastics and rubber products.............    2,273     1,597     2,132
                                                                        
All durable manufacturing..................   40,714    29,016    24,047
  Wood products............................    1,905     1,291       775
  Nonmetallic mineral products.............    2,459       432     2,134
  Primary metals...........................    3,791     1,982       313
   Iron, steel, and ferroalloys(4).........    2,285       751      (304)
   Nonferrous metals(4)....................    1,159       974       406
   Foundries(4)............................      347       257       212
  Fabricated metal products................    5,501     4,099     4,269
  Machinery ...............................    6,375     4,289     4,257
  Computer and electronic products.........    5,676     4,826     2,344
   Computer and peripheral equipment(4)....      591       (86)      909
   Communications equipment(4).............      540       842      (446)
   All other electronic products(4)........    4,546     4,070     1,881
  Electrical equipment, appliances and
   components..............................    3,377     2,362     3,163
  Transportation equipment ................    7,767     6,308     3,769
   Motor vehicles and parts(4).............    3,390     2,425       394
   Aerospace products and parts(4).........    3,191     2,993     2,572
  Furniture and related products...........      902       734       687
  Miscellaneous manufacturing..............    2,961     2,693     2,311

All mining(3)..............................    5,736     5,122     4,134
All wholesale trade(3).....................   11,650    10,118     8,041
All retail trade(3)........................       NA    19,878    16,586
(1)Operating profits are profits before nonoperating income and expense items and income taxes.
(2)Revised.
(3)Manufacturing data are the quarterly results of companies within that division with assets over $250,000; whereas, data for mining and trade corporations represent the quarterly results of companies with assets over $50 million.
(4)Included in major industry above.

SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade Corporations--QFR-04-2, September 2004.

TABLE 3. PART C--U.S. MANUFACTURING, MINING, AND TRADE CORPORATIONS
UNADJUSTED SALES AND PROFITS 

 
                                                 After-Tax Profits

                                                 2Q        14Q        2Q 
                Industry Group                 2004      2004(2)   2003(2)
                                                   (million dollars)
All manufacturing corporations(3)..........   89,501    74,058    57,815

All nondurable goods.......................   45,665    40,068    35,996
  Food.....................................    4,525     4,669     3,818
  Beverage and tobbaco products............    6,916     5,052     6,445
  Textiles mills and textile product mills.      331        75        43 
  Apparel and leather products.............    1,503     1,294     1,074
  Paper ...................................    1,607     1,157       904
  Printing and related support activities..      614       786       419
  Petroleum and coal products..............   14,823    11,393     8,667
  Chemicals ...............................   14,240    14,779    13,540
   Basic chemicals, resins, and               
    synthetics(4)..........................    2,038     1,867     1,748
   Pharmaceuticals and medicines(4)........    8,342     9,005     7,699
   All other chemicals(4)..................    3,861     3,907     4,092
  Plastics and rubber products.............    1,107       863     1,087 
                                                                        
All durable manufacturing..................   43,836    33,990    21,818
  Wood products............................    1,606       925       449
  Nonmetallic mineral products.............    1,404        87     1,096
  Primary metals...........................    3,226     1,720        40
   Iron, steel, and ferroalloys(4).........    1,651       617     (317)
   Nonferrous metals(4)....................    1,309       970       291
   Foundries(4)............................      266       133        65
  Fabricated metal products................    4,184     2,919     2,822
  Machinery ...............................    5,506     3,482     2,918
  Computer and electronic products.........    9,127     9,785     2,228
   Computer and peripheral equipment(4)....    2,601     2,429     2,991
   Communications equipment(4).............    1,989     2,431       209
   All other electronic products(4)........    4,537     4,925      (973)
  Electrical equipment, appliances and
   components..............................    5,607     4,426     4,849
  Transportation equipment ................   10,543     7,999     5,282
   Motor vehicles and parts(4).............    6,983     5,120     3,359
   Aerospace products and parts(4).........    2,591     2,252     1,396
  Furniture and related products...........      414       377       293
  Miscellaneous manufacturing..............    2,219     2,270     1,842

All mining(3)..............................    4,014     3,952     2,951
All wholesale trade(3).....................    8,384     7,146     4,833
All retail trade(3)........................       NA    11,529     9,612
(1)Operating profits are profits before nonoperating income and expense items and income taxes.
(2)Revised.
(3)Manufacturing data are the quarterly results of companies within that division with assets over $250,000; whereas, data for mining and trade corporations represent the quarterly results of companies with assets over $50 million.
(4)Included in major industry above.

SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade Corporations--QFR-04-2, September 2004.

ORDER & RELEASE INFORMATION

Schedule of Advance Data Release Dates--2004
[Economic Indicator Release Schedule]

Quarter         Manufacturing, Mining, and Wholesale Trade        Retail Trade
                            
             
Second 2004               September 13, 2004                 October 13, 2004
Third  2004                December 14, 2004

Questions concerning this advance report should be directed to Contact: Yolando st.George (301) 763-6600 or John Seabold (301) 763-3386.

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Source: U.S. Census Bureau, Company Statistics Division
Maintained by Traci Gillespie Brown
Revised Monday, 13-Sep-2004 10:18:11 EDT.

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