Aerospace industry sales declined nearly $3 billion during the third quarter of 1999. Lower civil exports accounted for half of that decline. Falling to a respectable annual rate of $6.4 billion, industry profits dropped by half. Industry employment continued to fall in the third quarter--down 21,000. Aerospace orders, on the other hand, rebounded 10% from a dip in the second quarter.

In Billions of Current Dollars	3Q 1999	2Q 1999	% Change 2Q99 to 3Q99	3Q 1998	1998 Year-End	1997 Year-End
Aerospace Sales	$36.90	$39.85	-7.4%	$37.43	$154.61	$139.29
Profits	$1.61	$3.13	-48.4%	$2.13	$7.70	$7.22
Orders	$28.20	$25.57	10.3%	$30.01	$124.11	$124.15
Exports--Total	$14.27	$15.72	-9.2%	$14.99	$64.07	$50.37
Exports--Civil	$11.20	$12.66	-11.5%	$11.75	$52.00	$40.07
Exports--Military	$3.07	$3.06	0.4%	$3.24	$12.07	$10.30
Employment (in thousands)	825	846	-2.5%	894	885	890

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