Worldwide from Wisconsin
International exports rebound for New North region
Exporters in the New North saw a rebound in demand for products made here after two years of declines, according to data released by the International Trade Administration in September. The data shows exports from the five metropolitan statistical areas within the New North reached about $4.4 billion in 2015, an increase of more than $120 million, or 2.8%, from 2014. Exports from those New North MSAs reached a 10-year high in 2012 of $4.7 billion, then declined slightly in 2013 and 2014 before the rebound this past year. Overall, the MSAs that make up the New North region account for more than 19.5% of the state’s $22.4 billion export trade. A total of 8,857 Wisconsin companies were exporters, supporting 118,958 jobs statewide – 93% of which were supported by the export of manufactured goods.
Profits on pace
U.S. manufacturing corporations’ seasonally adjusted after-tax profits in the second quarter of 2016 totaled $128.7 billion, according to the Department of Commerce, up $6.7 billion from the after-tax profits of $122.0 billion recorded in the first quarter of 2016, and up $6.6 billion from the after-tax profits of $122.1 billion recorded in the second quarter of 2015.
Seasonally adjusted sales for the quarter totaled $1,572.6 billion, up $28.8 billion from the $1,543.8 billion recorded in the first quarter of 2016, but down $65.0 billion from the $1,637.6 billion recorded in the second quarter of 2015.