Jun 11, 2014
Profits for U.S. manufacturers swung into reverse to start 2014, despite increasing revenue. Manufacturing sales rose 1.6%, or by $25.34 billion, in the first quarter compared with the same period a year earlier, the Commerce Department said in a new report. But after-tax profits during the quarter took a hit, falling 7.4%, or by $11.07 billion, year-over-year.
Here are five reasons why:
Read more at the Wall St. Journal