A number of indicators turned up from an unimpressive first quarter. However, military exports and employment continued to decline. Employment, which has been steadily falling since 9-11, totaled 582,000--the lowest level since at least 1953. Still, sales topped $40 billion and profits rebounded 35% to a modest $1.4 billion. New orders provided the best news, perhaps, rising to $38 billion--the highest quarterly level in over a year.

In Billions of Current Dollars	2Q 2003	1Q 2003	% Change 1Q03 to 2Q03	2Q 2002	2002 Year-End	2001 Year-End
Aerospace Sales	$40.08	$37.98	5.5%	$36.60	$159.58	$168.76
Profits	$1.38	$1.02	35.1%	$2.69	$6.55	$6.57
Orders	$37.92	$35.05	8.2%	$25.81	$139.72	$148.71
Exports--Total	$13.13	$12.73	3.1%	$14.73	$56.78	$58.51
Exports--Civil	$10.95	$10.46	4.7%	$12.50	$47.35	$49.37
Exports--Military	$2.19	$2.28	-4.0%	$2.23	$9.43	$9.14
Employment (in thousands)	582	590	-1.4%	621	559	649

For more information about AIA's Statistics, please contact stats@aia-aerospace.org.