U.S. Manufacturing Corporate Profits Soar 97% Post-Pandemic

After a 12% decline from 2012 to 2019 (CAGR of -1.9%), U.S. manufacturing corporate profits surged by 97% between 2019 and Q2 2024, reflecting a CAGR of 14.5%. During this period, annual inflation averaged 4.2%, compared to 1.5% from 2012 to 2019.