PART 1. TURNOVER AND ITS EFFECT ON PROFITS, US MANUFACTURING 1998-2018.

part 1. Annual turnover 1998 – 2018 pdf (article)

worksheet non-durable 1997 – 2018 (spreadsheet)

worksheet manufacturing 1997 – 2018 (spreadsheet)

G.O. 1997 -2018 (spreadsheet)

I have added an additional spreadsheet which contains Graph 16 in the article. It now contains a 3 period moving average trend line which more clearly shows the deceleration in fixed investment at the end of the business cycle.

QUARTERLY FIXED INVESTMENT DOMESTIC INDUSTRIES (new spreadsheet)