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Corporate Profits Down for First Time in Three Years

Posted by Jeffrey Mayer on July 16, 2012
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June 29th, 2012: Newmark Grubb Knight Frank Research Center
Following what had been a strong post-recession recovery, business experienced a slowdown in the first quarter of 2012 as the Bureau of Economic Analysis (BEA) reported this week that profits from current production for U.S. corporations decreased $6.4 billion, or 0.3% compared to the end of 2011. It was the first time that corporate profits reflected a quarterly decrease since the fourth quarter of 2008 when the economy was deep in the recession.
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