East Lake Norman News

East Lake Norman News

Tuesday, March 31, 2020

Plastics and rubber products industry reports $55.7 billion in Q2 net sales


By Metric Media News Service | Nov 29, 2019

The plastics and rubber products industry had $55.7 billion in net sales in the 2nd quarter of 2019.

Net sales reflect companies' total revenue stream, minus the costs of such things as discounts, allowances and product returns.

The Census Bureau's Quarterly Financial Report (QFR) presents industry data based on information from about 11,000 corporations. The data comes from income and earnings statements, balance sheets, and other records from manufacturers with assets of at least $250,000, the bureau said.

Other statistics come from companies with at least $50 million in assets in the categories of mining, wholesale trade, retail, professional and technical services, and information.

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