Corporate profits up 27.2% year over year
Corporate profits in the third quarter came in at revised $1.416 TT annualized-down from the initial estimate of $1.427 TT. Profits in the third quarter were up an annualized 10.1 %, following a 3.8 % gain the previous period. Profits are after tax but without inventory valuation and capital consumption adjustments. Corporate profits are up 27.2% on a year-on-year basis, compared to up 38.7 % in the second quarter.