In: Accounting
2. Look at the last five(omit 2020 Q2) quarters covered in the table. Compare the most recent quarter to the same quarter in the previous year.
a) Which sector* had the largest percentage increase in profit (or largest decrease in loss)
b) Which sector had the smallest percentage increase in profit (or the largest percentage decrease in profit)?
c) Which sectors*, if any, experienced losses during any of the last four quarters covered in the table?
*Note: By "sector", I mean certain groups larger than an individual industry: These are: “Financial” (Row 10), “Utilities (Row 14), "Manufacturing" (Row 15), "Durable goods" (Row 16), "Nondurable goods" (Row 23) and Rows 28 through 32. The listings in Rows 17 through 22 and 24 through 27 (the rows which are most indented from the left margin) are industries, not sectors.
Line | 2018 | 2019 | 2020 | ||||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | ||
1 | Corporate profits with inventory valuation and capital consumption adjustments | 2206 | 2225.3 | 2258.1 | 2282.5 | 2181.2 | 2263.2 | 2246.5 | 2311.3 | 2035 | 1808.2 |
2 | Domestic industries | 1670 | 1712.6 | 1765.6 | 1773.5 | 1696.8 | 1756.9 | 1731.9 | 1794.6 | 1561.9 | 1431.3 |
3 | Financial1 | 428.7 | 426 | 420.8 | 420.8 | 454.2 | 463.8 | 456.8 | 473.4 | 431.2 | 470.7 |
4 | Nonfinancial | 1241.3 | 1286.7 | 1344.8 | 1352.7 | 1242.6 | 1293.2 | 1275.2 | 1321.2 | 1130.7 | 960.6 |
5 | Rest of the world | 536 | 512.7 | 492.5 | 509 | 484.4 | 506.2 | 514.5 | 516.6 | 473.1 | 376.9 |
6 | Receipts from the rest of the world | 858.2 | 879 | 848.2 | 879.6 | 847.2 | 879.4 | 877.3 | 880.8 | 790.5 | 650.9 |
7 | Less: Payments to the rest of the world | 322.2 | 366.3 | 355.7 | 370.6 | 362.8 | 373.2 | 362.7 | 364.2 | 317.4 | 274 |
8 | Corporate profits with inventory valuation adjustment | 2088.9 | 2112.5 | 2149.9 | 2176.8 | 2154.9 | 2246.4 | 2231.7 | 2294.9 | 2053.5 | 1826.9 |
9 | Domestic industries | 1552.9 | 1599.8 | 1657.4 | 1667.8 | 1670.5 | 1740.2 | 1717.2 | 1778.3 | 1580.4 | 1450 |
10 | Financial | 423.2 | 419.6 | 414.6 | 415.3 | 460.1 | 472.3 | 466.7 | 482.9 | 444.7 | 484.1 |
11 | Federal Reserve banks | 73.7 | 70.5 | 66.9 | 61 | 53 | 56.6 | 50.7 | 49.4 | 68.5 | 64.9 |
12 | Other financial2 | 349.5 | 349.1 | 347.6 | 354.3 | 407.1 | 415.8 | 416 | 433.5 | 376.2 | 419.2 |
13 | Nonfinancial | 1129.7 | 1180.2 | 1242.8 | 1252.5 | 1210.4 | 1267.8 | 1250.5 | 1295.4 | 1135.7 | 966 |
14 | Utilities | 22.7 | 23.3 | 22.3 | 18.6 | 26.2 | 28.2 | 27.1 | 27.3 | 22.5 | --- |
15 | Manufacturing | 276.2 | 348.1 | 365.3 | 360.9 | 324.5 | 344.9 | 341 | 335.7 | 302.2 | --- |
16 | Durable goods | 147.6 | 183.9 | 187.3 | 164.9 | 188 | 193.1 | 174.2 | 170.1 | 157.8 | --- |
17 | Fabricated metal products | 20.7 | 19.3 | 19.7 | 19.6 | 25.7 | 25.3 | 23.9 | 24.2 | 23 | --- |
18 | Machinery | 16.6 | 22.3 | 18.8 | 18.3 | 22.9 | 29.6 | 27.1 | 26.1 | 20.9 | --- |
19 | Computer and electronic products | 44.5 | 58.2 | 61.3 | 54 | 56.3 | 50.4 | 45.4 | 51.3 | 54.7 | --- |
20 | Electrical equipment, appliances, and components | 12.3 | 11.8 | 11.2 | 8.3 | 10.4 | 12 | 12.5 | 10.9 | 7.9 | --- |
21 | Motor vehicles, bodies and trailers, and parts | 0 | 0.1 | 5.8 | -2.1 | 1.9 | 2.1 | 0.2 | -2.1 | -1.1 | --- |
22 | Other durable goods3 | 53.5 | 72.2 | 70.6 | 66.8 | 70.8 | 73.7 | 65.2 | 59.7 | 52.4 | --- |
23 | Nondurable goods | 128.5 | 164.2 | 178 | 196 | 136.6 | 151.8 | 166.8 | 165.6 | 144.4 | --- |
24 | Food and beverage and tobacco products | 48.4 | 52.9 | 51.8 | 37.2 | 45.7 | 47.8 | 51.6 | 48 | 50.4 | --- |
25 | Petroleum and coal products | 13.8 | 21.3 | 29.6 | 59.2 | 6.2 | 16.2 | 21.7 | 25.8 | 15.9 | --- |
26 | Chemical products | 41.6 | 62.4 | 67.1 | 72.5 | 55.9 | 57.2 | 61.3 | 58.8 | 57 | --- |
27 | Other nondurable goods4 | 24.7 | 27.7 | 29.6 | 27.1 | 28.8 | 30.6 | 32.2 | 33.1 | 21.2 | --- |
28 | Wholesale trade | 111.3 | 94.9 | 103.9 | 112.9 | 103.9 | 110.5 | 113.4 | 117.4 | 108.3 | --- |
29 | Retail trade | 149.5 | 137.7 | 157.5 | 141.2 | 155.5 | 165.6 | 166.8 | 184.2 | 167.1 | --- |
30 | Transportation and warehousing | 48.5 | 46.6 | 52 | 64.2 | 54.7 | 54.4 | 59.5 | 57 | 37.8 | --- |
31 | Information | 134.9 | 143.4 | 144 | 134.6 | 136.2 | 140 | 108.4 | 138.7 | 126.7 | --- |
32 | Other nonfinancial5 | 386.7 | 386.2 | 397.8 | 420.1 | 409.4 | 424.3 | 434.3 | 435.1 | 371 | --- |
33 | Rest of the world | 536 | 512.7 | 492.5 | 509 | 484.4 | 506.2 | 514.5 | 516.6 | 473.1 | 376.9 |
Please note that most recent quarter needs to be compared to the same quarter in previous year. Also it has been stated to omit 2020 Q2. So latest quarter is Q1 of 2020 which needs to be compared with Q1 of 2019 (previous year has been stated and not previous years so we will not coapre 2018). Keeping this in mind, answers are to be given.
a) Retail trade had largest percentage increase in profit.
b) Transportation and warehousing sector had the smallest percentage increase in profit or largest percentage decrease in profit.
c) No sector has experienced losses during any of the last four quarters covered in table.
Notes :
1. Profit/loss increase /decrease in % =(2020 Q1 -2019 Q1 divided by 2019 Q1)
2019 | 2020 | ||
Q1 | Q1 | ||
1 | Financial | 460.1 | 444.7 |
% increse/decrease in profit/loss | -3.35% | ||
2 | Utilities | 26.2 | 22.5 |
% increse/decrease in profit/loss | -14.12% | ||
3 | Manufacturing | 324.5 | 302.2 |
% increse/decrease in profit/loss | -6.87% | ||
3 | Durable goods | 188 | 157.8 |
% increse/decrease in profit/loss | -16.06% | ||
4 | Nondurable goods | 136.6 | 144.4 |
% increse/decrease in profit/loss | 5.71% | ||
5 | Wholesale trade | 103.9 | 108.3 |
% increse/decrease in profit/loss | 4.23% | ||
6 | Retail trade | 155.5 | 167.1 |
% increse/decrease in profit/loss | 7.46% | ||
7 | Transportation and warehousing | 54.7 | 37.8 |
% increse/decrease in profit/loss | -30.90% | ||
8 | Information | 136.2 | 126.7 |
% increse/decrease in profit/loss | -6.98% | ||
9 | Other nonfinancial5 | 409.4 | 371 |
% increse/decrease in profit/loss | -9.38% |