Total All Industries - The trend estimate of company gross operating profits increased 3 percent this quarter, the growth rate falling in comparison to the previous two quarters. Seasonally adjusted the estimate increased 1 percent, the growth rate weaker than the previous two quarters. Wages and salaries trend estimates increased 2 percent this quarter and increased 2 percent in seasonally adjusted terms. The estimate continues the steady growth of recent quarters.
The trend estimate for total inventories is relatively flat this quarter, which is a smaller increase compared to the previous three quarters. Seasonally adjusted the estimate was relatively flat.
Manufacturing - The trend estimate for company gross operating profits increased 1 percent this quarter, the third consecutive quarter of small increases. The seasonally adjusted estimate decreased 1 percent this quarter after a strong 4 percent increase in the previous quarter. The trend estimate for wages and salaries increased 1 percent this quarter. The seasonally adjusted estimate was relatively flat this quarter, following a 1 percent increase in the previous quarter.
The trend estimate for sales of goods and services was relatively flat this quarter, the fifth consecutive quarter of relatively flat growth. The seasonally adjusted estimate fell by 1 percent this quarter, the first decrease after three quarters of weak growth. The trend estimate for inventories was relatively flatthis quarter similar to the previous three quarters. The seasonally adjusted estimate decreased 1 percent this quarter.