The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, FRIDAY, JANUARY 31, 2014 BEA 14-04 James Rankin (202) 606-5301 (Personal Income) piniwd@bea.gov Harvey Davis (202) 606-5302 (Personal Consumption Expenditures) pce@bea.gov PERSONAL INCOME AND OUTLAYS: DECEMBER 2013 Personal income increased $2.3 billion, or less than 0.1 percent, and disposable personal income (DPI) decreased $3.8 billion, or less than 0.1 percent, in December according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $44.1 billion, or 0.4 percent. In November, personal income increased $29.8 billion, or 0.2 percent, DPI increased $14.4 billion, or 0.1 percent, and PCE increased $74.8 billion, or 0.6 percent, based on revised estimates. Real disposable personal income decreased 0.2 percent in December, in contrast to an increase of 0.1 percent in November. Real PCE increased 0.2 percent in December, compared with an increase of 0.6 percent in November. 2013 Aug. Sep. Oct. Nov. Dec. (Percent change from preceding month) Personal income, current dollars 0.5 0.4 -0.1 0.2 0.0 Current dollars 0.6 0.5 -0.2 0.1 0.0 Chained (2009) dollars 0.5 0.4 -0.2 0.1 -0.2 Current dollars 0.3 0.3 0.1 0.6 0.4 Chained (2009) dollars 0.2 0.2 0.1 0.6 0.2 Disposable personal income: Personal consumption expenditures: __________________ NOTE. Monthly estimates are expressed at seasonally adjusted annual rates, unless otherwise specified. Monthto-month dollar changes are differences between these published estimates. Month-to-month percent changes are calculated from unrounded data and are not annualized. "Real" estimates are in chained (2009) dollars. This news release is available on BEA's Web site at www.bea.gov/newsreleases/rels.htm. - more - -2- Wages and salaries Private wages and salaries increased $0.7 billion in December, compared with an increase of $35.0 billion in November. Goods producing industries' payrolls increased $4.2 billion, compared with an increase of $10.6 billion; manufacturing payrolls increased $2.7 billion, compared with an increase of $6.8 billion. Services-producing industries' payrolls decreased $3.6 billion, in contrast to an increase of $24.4 billion. Government wages and salaries increased $0.9 billion, compared with an increase of $1.4 billion. Other personal income Supplements to wages and salaries increased $1.7 billion in December, compared with an increase of $4.3 billion in November. Proprietors' income decreased $8.3 billion in December, the same decrease as in November. Farm proprietors' income decreased $14.3 billion in December, the same decrease as in November. Nonfarm proprietors' income increased $6.0 billion, the same increase as in November. Rental income of persons increased $2.1 billion in December, compared with an increase of $0.8 billion in November. Personal income receipts on assets (personal interest income plus personal dividend income) increased $3.1 billion, compared with an increase of $1.3 billion. Personal current transfer receipts increased $2.9 billion, compared with an increase of $0.1 billion. Contributions for government social insurance -- a subtraction in calculating personal income -increased $0.7 billion in December, compared with an increase of $4.7 billion in November. Personal current taxes and disposable personal income Personal current taxes increased $6.0 billion in December, compared with an increase of $15.5 billion in November. Disposable personal income (DPI) -- personal income less personal current taxes -- decreased $3.8 billion, or less than 0.1 percent, in December, in contrast to an increase of $14.4 billion, or 0.1 percent, in November. - more - -3- Personal outlays and personal saving Personal outlays -- PCE, personal interest payments, and personal current transfer payments -increased $42.0 billion in December, compared with an increase of $72.7 billion in November. PCE increased $44.1 billion, compared with an increase of $74.8 billion. Personal saving -- DPI less personal outlays -- was $495.2 billion in December, compared with $541.0 billion in November. The personal saving rate -- personal saving as a percentage of disposable personal income -- was 3.9 percent in December, compared with 4.3 percent in November. For a comparison of personal saving in BEA's national income and product accounts with personal saving in the Federal Reserve Board's financial accounts of the United States and data on changes in net worth, go to www.bea.gov/national/nipaweb/nipa-frb.asp. Real DPI, real PCE, and price index Real DPI -- DPI adjusted to remove price changes -- decreased 0.2 percent in December, in contrast to an increase of 0.1 percent in November. Real PCE -- PCE adjusted to remove price changes -- increased 0.2 percent in December, compared with an increase of 0.6 percent in November. Purchases of durable goods decreased 1.4 percent in December, in contrast to an increase of 2.1 percent in November. Purchases of motor vehicles and parts accounted for most of the decrease in December and accounted for most of the increase in November. Purchases of nondurable goods increased 1.0 percent in December, compared with an increase of 0.6 percent in November. Purchases of services increased 0.2 percent, compared with an increase of 0.4 percent. PCE price index -- The price index for PCE increased 0.2 percent in December, compared with an increase of less than 0.1 percent in November. The PCE price index, excluding food and energy, increased 0.1 percent in December, the same increase as in November. 2013 Personal Income and Outlays Personal income increased 2.8 percent in 2013 (that is, from the 2012 annual level to the 2013 annual level), compared with an increase of 4.2 percent in 2012. DPI increased 1.9 percent, compared with an increase of 3.9 percent. PCE increased 3.1 percent, compared with an increase of 4.1 percent. Real DPI increased 0.7 percent in 2013, compared with an increase of 2.0 percent in 2012. Real PCE increased 2.0 percent, compared with an increase of 2.2 percent. - more - -4- Revisions Estimates have been revised for October and November. Changes in personal income, in currentdollar and chained (2009) dollar DPI, and in current-dollar and in chained (2009) dollar PCE for October and November -- revised and as published in last month's release -- are shown below. Change from preceding month October Previous Revised November Previous Revised (Billions of dollars) (percent) Previous Revised Previous Revised (Billions of dollars) (percent) Personal income: Current dollars -11.7 -16.9 -0.1 -0.1 30.1 29.8 0.2 0.2 Current dollars -25.6 -28.7 -0.2 -0.2 16.2 14.4 0.1 0.1 Chained (2009) dollars -20.9 -25.2 -0.2 -0.2 12.5 11.5 0.1 0.1 Current dollars 44.2 12.7 0.4 0.1 63.0 74.8 0.5 0.6 Chained (2009) dollars 43.8 13.2 0.4 0.1 56.2 67.8 0.5 0.6 Disposable personal income: Personal consumption expenditures: BEA's national, international, regional, and industry estimates; the Survey of Current Business; and BEA news releases are available without charge on BEA's Web site at www.bea.gov. By visiting the site, you can also subscribe to free e-mail summaries of BEA releases and announcements. * * * Next release -- March 3, 2014 at 8:30 A.M. EST for Personal Income and Outlays for January - more - Table 1. Personal Income and Its Disposition (Months) [Billions of dollars] Seasonally adjusted at annual rates Line 2013 May 1 Personal income...................................................................................... 2 Compensation of employees .............................................................. 3 Wages and salaries .......................................................................... 4 Private industries............................................................................. 5 Goods-producing industries......................................................... 6 Manufacturing ........................................................................... 7 Services-producing industries...................................................... 8 Trade, transportation, and utilities............................................. 9 Other services-producing industries......................................... 10 Government..................................................................................... 11 Supplements to wages and salaries............................................... 12 Employer contributions for employee pension and insurance funds 1 ........................................................................................... 13 Employer contributions for government social insurance ................ 14 Proprietors’ income with inventory valuation and capital consumption adjustments............................................................... 15 Farm ................................................................................................... 16 Nonfarm.............................................................................................. 17 Rental income of persons with capital consumption adjustment... 18 Personal income receipts on assets.................................................. 19 Personal interest income .................................................................... 20 Personal dividend income................................................................... 21 Personal current transfer receipts ..................................................... 22 Government social benefits to persons .............................................. 23 Social security 2 .............................................................................. 24 Medicare 3 ....................................................................................... 25 Medicaid.......................................................................................... 26 Unemployment insurance................................................................ 27 Veterans’ benefits............................................................................ 28 Other ............................................................................................... 29 Other current transfer receipts, from business (net) ........................... 30 Less: Contributions for government social insurance, domestic... 31 Less: Personal current taxes ................................................................. 32 Equals: Disposable personal income ................................................... 33 Less: Personal outlays ........................................................................... 34 Personal consumption expenditures ...................................................... 35 Goods ................................................................................................. 36 Durable goods ................................................................................. 37 Nondurable goods ........................................................................... 38 Services.............................................................................................. 39 Personal interest payments 4 ................................................................. 40 Personal current transfer payments ....................................................... 41 To government .................................................................................... 42 To the rest of the world (net)............................................................... 43 Equals: Personal saving......................................................................... 44 Personal saving as a percentage of disposable personal income Addenda: 45 Personal income excluding current transfer receipts, billions of chained (2009) dollars 5 ................................................................... Disposable personal income: 46 Total, billions of chained (2009) dollars 5 ............................................ Per capita: 47 Current dollars................................................................................. 48 Chained (2009) dollars.................................................................... 49 Population (midperiod, thousands) 6...................................................... June July Aug. Line Sept. Oct. r Nov. r Dec. p 14,088.3 14,138.4 14,157.8 14,228.8 14,291.9 14,275.0 14,304.8 14,307.1 1 8,830.4 8,872.9 8,848.9 8,894.5 8,924.5 8,936.5 8,977.1 8,980.5 2 7,112.9 7,151.4 7,127.6 7,168.7 7,194.9 7,204.6 7,241.0 7,242.6 3 5,918.2 5,958.3 5,941.5 5,980.0 5,997.9 6,007.9 6,042.9 6,043.6 4 1,186.2 1,194.4 1,189.8 1,198.7 1,203.4 1,204.7 1,215.3 1,219.5 5 744.8 749.2 744.5 750.8 752.8 754.1 760.9 763.6 6 4,732.1 4,763.9 4,751.6 4,781.3 4,794.4 4,803.2 4,827.6 4,824.0 7 1,123.3 1,126.5 1,124.9 1,135.7 1,136.6 1,139.4 1,145.2 1,147.4 8 3,608.7 3,637.4 3,626.7 3,645.6 3,657.8 3,663.8 3,682.4 3,676.6 9 1,194.6 1,193.1 1,186.2 1,188.7 1,197.0 1,196.7 1,198.1 1,199.0 10 1,717.5 1,721.4 1,721.3 1,725.8 1,729.6 1,731.9 1,736.2 1,737.9 11 1,187.6 529.9 1,189.2 532.2 1,190.8 530.4 1,193.1 532.8 1,195.2 534.4 1,197.0 534.9 1,199.2 537.0 1,200.8 12 537.1 13 1,342.9 1,325.8 1,341.3 1,358.6 1,382.1 1,360.3 1,352.0 1,343.7 14 129.0 109.0 118.7 128.3 148.1 123.7 109.4 95.1 15 1,213.9 1,216.8 1,222.7 1,230.3 1,234.1 1,236.6 1,242.6 1,248.6 16 587.7 590.2 592.5 596.0 601.2 601.0 601.8 603.9 17 1,995.2 2,015.2 2,031.3 2,028.7 2,032.2 2,028.1 2,029.4 2,032.5 18 1,225.6 1,236.3 1,235.2 1,234.2 1,233.1 1,235.4 1,237.7 1,240.0 19 769.6 779.0 796.0 794.6 799.0 792.7 791.7 792.5 20 2,434.9 2,441.8 2,448.3 2,460.6 2,465.1 2,463.8 2,463.9 2,466.8 21 2,390.4 2,397.2 2,403.6 2,415.7 2,420.0 2,418.6 2,418.5 2,421.3 22 797.3 801.4 799.1 803.9 804.1 803.5 809.7 813.4 23 586.0 589.4 593.0 596.6 599.8 598.3 598.0 597.7 24 427.7 426.9 434.5 440.2 440.3 440.5 440.8 439.5 25 68.5 66.6 64.7 62.4 59.6 59.8 58.3 59.3 26 80.3 81.6 80.5 81.1 83.4 83.6 83.1 82.6 27 430.7 431.3 431.7 431.5 432.9 433.0 428.6 428.8 28 44.4 44.5 44.7 44.9 45.0 45.2 45.3 45.5 29 1,102.6 1,107.5 1,104.5 1,109.6 1,113.2 1,114.7 1,119.4 1,120.1 30 1,668.9 1,681.4 1,659.4 1,656.5 1,657.4 1,669.2 1,684.7 1,690.7 31 12,419.4 12,457.0 12,498.4 12,572.3 12,634.5 12,605.8 12,620.2 12,616.4 32 11,822.9 11,881.6 11,906.7 11,951.1 11,993.3 12,006.5 12,079.2 12,121.2 33 11,413.0 11,476.0 11,498.8 11,538.4 11,575.8 11,588.5 11,663.3 11,707.4 34 3,840.2 3,880.3 3,900.5 3,912.8 3,925.1 3,917.7 3,947.2 3,962.5 35 1,254.8 1,267.4 1,267.3 1,285.2 1,269.4 1,276.8 1,300.1 1,276.3 36 2,585.4 2,612.9 2,633.1 2,627.7 2,655.7 2,640.8 2,647.1 2,686.2 37 7,572.9 7,595.7 7,598.3 7,625.6 7,650.7 7,670.9 7,716.1 7,744.9 38 244.3 239.8 244.3 248.8 253.3 251.0 248.6 246.2 39 165.6 165.8 163.6 163.9 164.2 167.0 167.3 167.6 40 89.9 90.1 90.4 90.7 91.0 91.3 91.6 91.9 41 75.7 75.7 73.2 73.2 73.2 75.7 75.7 75.7 42 596.5 575.4 591.6 621.2 641.2 599.2 541.0 495.2 43 4.8 4.6 4.7 4.9 5.1 4.8 4.3 3.9 44 10,914.5 10,913.6 10,915.4 10,959.4 11,001.7 10,988.6 11,014.4 10,991.4 45 11,631.9 11,623.0 11,650.8 11,708.2 11,753.0 11,727.8 11,739.3 11,711.8 46 39,277 36,786 316,202 39,372 36,736 316,395 39,477 36,800 316,599 39,684 36,957 316,808 39,854 37,073 317,023 39,737 36,970 317,226 39,760 36,984 317,412 39,726 47 36,877 48 317,589 49 p Preliminary r Revised 1. Includes actual employer contributions and actuarially imputed employer contributions to reflect benefits accrued by defined benefit pension plan participants through service to employers in the current period. 2. Social security benefits include old-age, survivors, and disability insurance benefits that are distributed from the federal old-age and survivors insurance trust fund and the disability insurance trust fund. 3. Medicare benefits include hospital and supplementary medical insurance benefits that are distributed from the federal hospital insurance trust fund and the supplementary medical insurance trust fund. 4. Consists of nonmortgage interest paid by households. 5. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. 6. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized population. The monthly estimate is the average of estimates for the first of the month and the first of the following month; the annual and quarterly estimates are averages of the monthly estimates. Table 2. Personal Income and Its Disposition (Years and Quarters) [Billions of dollars] Seasonally adjusted at annual rates Line 2012 2013 2012 III 1 Personal income...................................................................................... 2 Compensation of employees .............................................................. 3 Wages and salaries .......................................................................... 4 Private industries............................................................................. 5 Goods-producing industries......................................................... 6 Manufacturing ........................................................................... 7 Services-producing industries...................................................... 8 Trade, transportation, and utilities............................................. 9 Other services-producing industries......................................... 10 Government..................................................................................... 11 Supplements to wages and salaries............................................... 12 Employer contributions for employee pension and insurance funds 1 ........................................................................................... 13 Employer contributions for government social insurance ................ 14 Proprietors’ income with inventory valuation and capital consumption adjustments............................................................... 15 Farm ................................................................................................... 16 Nonfarm.............................................................................................. 17 Rental income of persons with capital consumption adjustment... 18 Personal income receipts on assets.................................................. 19 Personal interest income .................................................................... 20 Personal dividend income................................................................... 21 Personal current transfer receipts ..................................................... 22 Government social benefits to persons .............................................. 23 Social security 2 .............................................................................. 24 Medicare 3 ....................................................................................... 25 Medicaid.......................................................................................... 26 Unemployment insurance................................................................ 27 Veterans’ benefits............................................................................ 28 Other ............................................................................................... 29 Other current transfer receipts, from business (net) ........................... 30 Less: Contributions for government social insurance, domestic... 31 Less: Personal current taxes ................................................................. 32 Equals: Disposable personal income ................................................... 33 Less: Personal outlays ........................................................................... 34 Personal consumption expenditures ...................................................... 35 Goods ................................................................................................. 36 Durable goods ................................................................................. 37 Nondurable goods ........................................................................... 38 Services.............................................................................................. 39 Personal interest payments 4 ................................................................. 40 Personal current transfer payments ....................................................... 41 To government .................................................................................... 42 To the rest of the world (net)............................................................... 43 Equals: Personal saving......................................................................... 44 Personal saving as a percentage of disposable personal income Addenda: 45 Personal income excluding current transfer receipts, billions of chained (2009) dollars 5 ................................................................... Disposable personal income: 46 Total, billions of chained (2009) dollars 5 ............................................ Per capita: 47 Current dollars................................................................................. 48 Chained (2009) dollars.................................................................... 49 Population (midperiod, thousands) 6 ..................................................... 2013 IV I II Line III IV 13,743.8 14,133.5 13,701.6 14,073.1 13,925.9 14,086.2 14,226.2 14,295.6 1 8,611.6 8,859.4 8,591.0 8,787.4 8,748.3 8,835.5 8,889.3 8,964.7 2 6,926.8 7,137.8 6,904.7 7,086.6 7,040.4 7,117.6 7,163.7 7,229.4 3 5,729.4 5,943.2 5,709.7 5,887.2 5,844.5 5,923.6 5,973.1 6,031.4 4 1,154.0 1,192.9 1,146.7 1,167.0 1,173.8 1,187.1 1,197.3 1,213.2 5 735.4 749.3 732.3 740.5 742.1 745.9 749.4 759.6 6 4,575.4 4,750.3 4,563.0 4,720.3 4,670.7 4,736.4 4,775.8 4,818.3 7 1,093.7 1,128.7 1,090.0 1,114.2 1,115.2 1,123.2 1,132.4 1,144.0 8 3,481.7 3,621.6 3,473.0 3,606.1 3,555.5 3,613.2 3,643.4 3,674.3 9 1,197.3 1,194.6 1,195.1 1,199.3 1,195.8 1,194.1 1,190.6 1,197.9 10 1,684.9 1,721.7 1,686.2 1,700.9 1,707.9 1,717.8 1,725.6 1,735.3 11 1,170.6 514.3 1,190.5 531.2 1,174.1 512.2 1,176.8 524.0 1,182.1 525.8 1,187.6 530.2 1,193.0 532.5 1,199.0 12 536.3 13 1,224.9 1,347.2 1,220.0 1,247.5 1,334.6 1,341.5 1,360.7 1,352.0 14 75.4 126.8 75.3 74.5 137.0 129.0 131.7 109.4 15 1,149.6 1,220.4 1,144.7 1,173.0 1,197.6 1,212.5 1,229.0 1,242.6 16 541.2 590.3 546.7 555.4 574.9 587.7 596.6 602.2 17 1,958.5 1,997.6 1,926.9 2,062.8 1,935.8 1,994.0 2,030.7 2,030.0 18 1,211.6 1,228.3 1,203.7 1,218.4 1,215.8 1,225.6 1,234.2 1,237.7 19 746.9 769.3 723.2 844.3 720.0 768.4 796.5 792.3 20 2,358.3 2,444.9 2,364.4 2,388.0 2,426.0 2,430.9 2,458.0 2,464.8 21 2,316.8 2,400.3 2,323.8 2,347.9 2,382.0 2,386.5 2,413.1 2,419.5 22 762.2 799.0 764.8 770.2 789.8 794.9 802.4 808.9 23 560.8 592.5 564.0 577.2 589.3 586.3 596.5 598.0 24 417.1 432.1 421.5 425.1 423.7 426.1 438.4 440.3 25 84.2 65.9 78.7 75.3 73.9 68.5 62.2 59.1 26 70.2 80.4 71.3 73.3 76.8 80.0 81.6 83.1 27 422.5 430.4 423.5 426.8 428.6 430.8 432.0 430.1 28 41.4 44.6 40.6 40.1 44.0 44.4 44.9 45.3 29 950.7 1,106.0 947.4 967.9 1,093.7 1,103.3 1,109.1 1,118.1 30 1,498.0 1,659.3 1,496.4 1,552.8 1,629.0 1,668.8 1,657.8 1,681.5 31 12,245.8 12,474.2 12,205.1 12,520.4 12,296.9 12,417.4 12,568.4 12,614.1 32 11,558.4 11,912.8 11,601.0 11,696.2 11,794.9 11,837.0 11,950.4 12,069.0 33 11,149.6 11,499.3 11,193.6 11,285.5 11,379.2 11,427.1 11,537.7 11,653.1 34 3,769.7 3,888.9 3,784.9 3,826.1 3,851.8 3,848.5 3,912.8 3,942.4 35 1,202.7 1,265.2 1,206.5 1,230.7 1,244.8 1,257.5 1,274.0 1,284.4 36 2,567.0 2,623.7 2,578.4 2,595.4 2,607.0 2,591.0 2,638.8 2,658.0 37 7,379.9 7,610.4 7,408.7 7,459.4 7,527.4 7,578.6 7,624.8 7,710.6 38 248.4 248.0 250.7 247.3 250.4 244.3 248.8 248.6 39 160.4 165.5 156.7 163.4 165.3 165.6 163.9 167.3 40 88.5 90.4 88.8 89.0 89.4 89.9 90.7 91.6 41 71.9 75.1 67.9 74.4 75.9 75.7 73.2 75.7 42 687.4 561.4 604.1 824.1 502.0 580.4 618.0 545.1 43 5.6 4.5 4.9 6.6 4.1 4.7 4.9 4.3 44 10,740.1 10,904.8 10,676.2 10,959.6 10,756.9 10,905.4 10,958.9 10,998.1 45 11,551.6 11,637.8 11,493.6 11,743.0 11,502.4 11,618.5 11,704.1 11,726.2 46 38,965 36,756 314,278 39,410 36,767 316,524 38,800 36,538 314,564 39,727 37,260 315,162 38,955 36,438 315,671 39,270 36,743 316,206 39,672 36,943 316,810 39,741 47 36,943 48 317,409 49 1. Includes actual employer contributions and actuarially imputed employer contributions to reflect benefits accrued by defined benefit pension plan participants through service to employers in the current period. 2. Social security benefits include old-age, survivors, and disability insurance benefits that are distributed from the federal old-age and survivors insurance trust fund and the disability insurance trust fund. 3. Medicare benefits include hospital and supplementary medical insurance benefits that are distributed from the federal hospital insurance trust fund and the supplementary medical insurance trust fund. 4. Consists of nonmortgage interest paid by households. 5. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. 6. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized population. The monthly estimate is the average of estimates for the first of the month and the first of the following month; the annual and quarterly estimates are averages of the monthly estimates. Table 3. Personal Income and Its Disposition, Change from Preceding Period (Months) [Billions of dollars] Seasonally adjusted at annual rates Line 2013 May 1 Personal income...................................................................................... 2 Compensation of employees .............................................................. 3 Wages and salaries .......................................................................... 4 Private industries............................................................................. 5 Goods-producing industries......................................................... 6 Manufacturing ........................................................................... 7 Services-producing industries...................................................... 8 Trade, transportation, and utilities............................................. 9 Other services-producing industries......................................... 10 Government..................................................................................... 11 Supplements to wages and salaries............................................... 12 Employer contributions for employee pension and insurance funds 1 ........................................................................................... 13 Employer contributions for government social insurance ................ 14 Proprietors’ income with inventory valuation and capital consumption adjustments............................................................... 15 Farm ................................................................................................... 16 Nonfarm.............................................................................................. 17 Rental income of persons with capital consumption adjustment... 18 Personal income receipts on assets.................................................. 19 Personal interest income .................................................................... 20 Personal dividend income................................................................... 21 Personal current transfer receipts ..................................................... 22 Government social benefits to persons .............................................. 23 Social security 2 .............................................................................. 24 Medicare 3 ....................................................................................... 25 Medicaid.......................................................................................... 26 Unemployment insurance................................................................ 27 Veterans’ benefits............................................................................ 28 Other ............................................................................................... 29 Other current transfer receipts, from business (net) ........................... 30 Less: Contributions for government social insurance, domestic... 31 Less: Personal current taxes ................................................................. 32 Equals: Disposable personal income ................................................... 33 Less: Personal outlays ........................................................................... 34 Personal consumption expenditures ...................................................... 35 Goods ................................................................................................. 36 Durable goods ................................................................................. 37 Nondurable goods ........................................................................... 38 Services.............................................................................................. 39 Personal interest payments 4 ................................................................. 40 Personal current transfer payments ....................................................... 41 To government .................................................................................... 42 To the rest of the world (net)............................................................... 43 Equals: Personal saving......................................................................... Addenda: 44 Personal income excluding current transfer receipts, billions of chained (2009) dollars 5 ................................................................................... 45 Disposable personal income, billions of chained (2009) dollars 5 .......... June July Aug. Line Sept. Oct. r Nov. r Dec. p 56.4 27.2 24.3 24.0 5.3 0.9 18.8 3.4 15.3 0.2 3.0 50.1 42.5 38.5 40.1 8.2 4.4 31.8 3.2 28.7 –1.5 3.9 19.4 –24.0 –23.8 –16.8 –4.6 –4.7 –12.3 –1.6 –10.7 –6.9 –0.1 71.0 45.6 41.1 38.5 8.9 6.3 29.7 10.8 18.9 2.5 4.5 63.1 30.0 26.2 17.9 4.7 2.0 13.1 0.9 12.2 8.3 3.8 –16.9 12.0 9.7 10.0 1.3 1.3 8.8 2.8 6.0 –0.3 2.3 29.8 40.6 36.4 35.0 10.6 6.8 24.4 5.8 18.6 1.4 4.3 2.3 1 3.4 2 1.6 3 0.7 4 4.2 5 2.7 6 –3.6 7 2.2 8 –5.8 9 0.9 10 1.7 11 1.7 1.3 1.6 2.3 1.6 –1.8 2.3 2.4 2.1 1.6 1.8 0.5 2.2 2.1 1.6 12 0.1 13 –12.8 –19.9 7.1 2.6 23.7 10.7 13.0 18.8 18.5 11.5 2.6 4.0 –1.9 2.3 0.2 0.1 2.9 12.7 43.7 16.5 20.6 15.2 4.6 10.6 5.6 –4.4 0.2 0.2 0.0 27.3 –17.1 –20.0 2.9 2.5 20.0 10.7 9.4 6.9 6.8 4.1 3.4 –0.8 –1.9 1.3 0.6 0.1 4.9 12.5 37.6 58.7 63.0 40.1 12.6 27.5 22.8 –4.5 0.2 0.2 0.0 –21.1 15.5 9.7 5.9 2.3 16.1 –1.1 17.0 6.5 6.4 –2.3 3.6 7.6 –1.9 –1.1 0.4 0.2 –3.0 –22.0 41.4 25.1 22.8 20.2 –0.1 20.2 2.6 4.5 –2.2 0.3 –2.5 16.2 17.3 9.6 7.6 3.5 –2.6 –1.0 –1.4 12.3 12.1 4.8 3.6 5.7 –2.3 0.6 –0.2 0.2 5.1 –2.9 73.9 44.4 39.6 12.3 17.9 –5.4 27.3 4.5 0.3 0.3 0.0 29.6 23.5 19.8 3.8 5.2 3.5 –1.1 4.4 4.5 4.3 0.2 3.2 0.1 –2.8 2.3 1.4 0.1 3.6 0.9 62.2 42.2 37.4 12.3 –15.8 28.0 25.1 4.5 0.3 0.3 0.0 20.0 –21.8 –24.4 2.5 –0.2 –4.1 2.3 –6.3 –1.3 –1.4 –0.6 –1.5 0.2 0.2 0.2 0.1 0.2 1.5 11.8 –28.7 13.2 12.7 –7.4 7.4 –14.9 20.2 –2.3 2.8 0.3 2.5 –42.0 –8.3 –14.3 6.0 0.8 1.3 2.3 –1.0 0.1 –0.1 6.2 –0.3 0.3 –1.5 –0.5 –4.4 0.1 4.7 15.5 14.4 72.7 74.8 29.5 23.3 6.3 45.2 –2.4 0.3 0.3 0.0 –58.2 26.4 31.5 –0.9 –8.9 1.8 27.8 44.0 57.4 42.3 44.8 –13.1 –25.2 25.8 11.5 –8.3 –14.3 6.0 2.1 3.1 2.3 0.8 2.9 2.8 3.7 –0.3 –1.3 1.0 –0.5 0.2 0.2 0.7 6.0 –3.8 42.0 44.1 15.3 –23.8 39.1 28.8 –2.4 0.3 0.3 0.0 –45.8 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 –23.0 44 –27.5 45 p Preliminary r Revised 1. Includes actual employer contributions and actuarially imputed employer contributions to reflect benefits accrued by defined benefit pension plan participants through service to employers in the current period. 2. Social security benefits include old-age, survivors, and disability insurance benefits that are distributed from the federal old-age and survivors insurance trust fund and the disability insurance trust fund. 3. Medicare benefits include hospital and supplementary medical insurance benefits that are distributed from the federal hospital insurance trust fund and the supplementary medical insurance trust fund. 4. Consists of nonmortgage interest paid by households. 5. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. Table 4. Personal Income and Its Disposition, Change from Preceding Period (Years and Quarters) [Billions of dollars] Seasonally adjusted at annual rates Line 2012 2013 2012 III 1 Personal income...................................................................................... 2 Compensation of employees .............................................................. 3 Wages and salaries .......................................................................... 4 Private industries............................................................................. 5 Goods-producing industries......................................................... 6 Manufacturing ........................................................................... 7 Services-producing industries...................................................... 8 Trade, transportation, and utilities............................................. 9 Other services-producing industries......................................... 10 Government..................................................................................... 11 Supplements to wages and salaries............................................... 12 Employer contributions for employee pension and insurance funds 1 ........................................................................................... 13 Employer contributions for government social insurance ................ 14 Proprietors’ income with inventory valuation and capital consumption adjustments............................................................... 15 Farm ................................................................................................... 16 Nonfarm.............................................................................................. 17 Rental income of persons with capital consumption adjustment... 18 Personal income receipts on assets.................................................. 19 Personal interest income .................................................................... 20 Personal dividend income................................................................... 21 Personal current transfer receipts ..................................................... 22 Government social benefits to persons .............................................. 23 Social security 2 .............................................................................. 24 Medicare 3 ....................................................................................... 25 Medicaid.......................................................................................... 26 Unemployment insurance................................................................ 27 Veterans’ benefits............................................................................ 28 Other ............................................................................................... 29 Other current transfer receipts, from business (net) ........................... 30 Less: Contributions for government social insurance, domestic... 31 Less: Personal current taxes ................................................................. 32 Equals: Disposable personal income ................................................... 33 Less: Personal outlays ........................................................................... 34 Personal consumption expenditures ...................................................... 35 Goods ................................................................................................. 36 Durable goods ................................................................................. 37 Nondurable goods ........................................................................... 38 Services.............................................................................................. 39 Personal interest payments 4 ................................................................. 40 Personal current transfer payments ....................................................... 41 To government .................................................................................... 42 To the rest of the world (net)............................................................... 43 Equals: Personal saving......................................................................... Addenda: 44 Personal income excluding current transfer receipts, billions of chained (2009) dollars 5 ................................................................................... 45 Disposable personal income, billions of chained (2009) dollars 5.......... 2013 IV I Line II III IV 552.5 333.1 288.1 285.1 51.9 28.3 233.2 47.5 185.7 2.9 45.1 389.7 247.8 211.0 213.8 38.9 13.9 174.9 35.0 139.9 –2.7 36.8 49.8 37.2 31.2 31.7 –6.5 –3.4 38.2 6.2 32.0 –0.4 5.9 371.5 196.4 181.9 177.5 20.3 8.2 157.3 24.2 133.1 4.2 14.7 –147.2 –39.1 –46.2 –42.7 6.8 1.6 –49.6 1.0 –50.6 –3.5 7.0 160.3 87.2 77.2 79.1 13.3 3.8 65.7 8.0 57.7 –1.7 9.9 140.0 53.8 46.1 49.5 10.2 3.5 39.4 9.2 30.2 –3.5 7.8 69.4 1 75.4 2 65.7 3 58.3 4 15.9 5 10.2 6 42.5 7 11.6 8 30.9 9 7.3 10 9.7 11 25.2 19.9 19.9 16.9 5.0 1.0 2.7 11.8 5.3 1.8 5.5 4.4 5.4 2.3 6.0 12 3.8 13 69.8 2.8 67.0 56.8 73.9 7.5 66.4 51.4 56.5 48.9 23.8 11.6 –23.4 6.9 –11.2 –5.3 32.5 94.0 458.4 439.3 437.8 167.0 72.8 94.2 270.8 0.4 1.0 3.2 –2.2 19.2 122.3 51.4 70.8 49.1 39.1 16.7 22.4 86.6 83.5 36.8 31.7 15.0 –18.3 10.2 7.9 3.2 155.3 161.3 228.4 354.4 349.7 119.2 62.5 56.7 230.5 –0.4 5.1 1.9 3.2 –126.0 2.2 –1.7 3.9 8.9 –8.4 –15.7 7.3 12.2 13.3 4.4 9.8 0.6 –7.2 2.4 3.2 –1.1 2.3 16.4 33.2 93.1 93.4 46.5 17.2 29.2 46.9 3.7 –4.1 0.4 –4.5 –59.8 27.5 –0.8 28.3 8.7 135.9 14.7 121.1 23.6 24.1 5.4 13.2 3.6 –3.4 2.0 3.3 –0.5 20.5 56.4 315.3 95.2 91.9 41.2 24.2 17.0 50.7 –3.4 6.7 0.2 6.5 220.0 87.1 62.5 24.6 19.5 –127.0 –2.6 –124.3 38.0 34.1 19.6 12.1 –1.4 –1.4 3.5 1.8 3.9 125.8 76.2 –223.5 98.7 93.7 25.7 14.1 11.6 68.0 3.1 1.9 0.4 1.5 –322.1 6.9 –8.0 14.9 12.8 58.2 9.8 48.4 4.9 4.5 5.1 –3.0 2.4 –5.4 3.2 2.2 0.4 9.6 39.8 120.5 42.1 47.9 –3.3 12.7 –16.0 51.2 –6.1 0.3 0.5 –0.2 78.4 19.2 2.7 16.5 8.9 36.7 8.6 28.1 27.1 26.6 7.5 10.2 12.3 –6.3 1.6 1.2 0.5 5.8 –11.0 151.0 113.4 110.6 64.3 16.5 47.8 46.2 4.5 –1.7 0.8 –2.5 37.6 283.0 227.0 164.7 86.2 –9.3 –16.6 283.4 249.4 –202.7 –240.6 148.5 116.1 53.5 85.6 –8.7 –22.3 13.6 5.6 –0.7 3.5 –4.2 6.8 6.4 6.5 1.5 1.9 –3.1 1.5 –1.9 0.4 9.0 23.7 45.7 118.6 115.4 29.6 10.4 19.2 85.8 –0.2 3.4 0.9 2.5 –72.9 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 39.2 44 22.1 45 1. Includes actual employer contributions and actuarially imputed employer contributions to reflect benefits accrued by defined benefit pension plan participants through service to employers in the current period. 2. Social security benefits include old-age, survivors, and disability insurance benefits that are distributed from the federal old-age and survivors insurance trust fund and the disability insurance trust fund. 3. Medicare benefits include hospital and supplementary medical insurance benefits that are distributed from the federal hospital insurance trust fund and the supplementary medical insurance trust fund. 4. Consists of nonmortgage interest paid by households. 5. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. Table 5. Personal Income and Its Disposition, Percent Change from Preceding Period (Months) Seasonally adjusted at monthly rates Line 2013 May June July Aug. Line Sept. Oct. r Nov. r Dec. p Based on current-dollar measures 1 Personal income......................................................................... 2 Compensation of employees .................................................... 3 Wages and salaries ............................................................... 4 Supplements to wages and salaries...................................... 5 Proprietors’ income with inventory valuation and capital consumption adjustments...................................................... 6 Rental income of persons with capital consumption adjustment 7 Personal income receipts on assets ......................................... 8 Personal interest income ....................................................... 9 Personal dividend income...................................................... 10 Personal current transfer receipts ............................................. 11 Less: Contributions for government social insurance, domestic 12 Less: Personal current taxes .................................................... 13 Equals: Disposable personal income ...................................... Addenda: 14 Personal consumption expenditures ......................................... 15 Goods .................................................................................... 16 Durable goods .................................................................... 17 Nondurable goods .............................................................. 18 Services................................................................................. 0.4 0.3 0.3 0.2 0.4 0.5 0.5 0.2 0.1 –0.3 –0.3 0.0 0.5 0.5 0.6 0.3 0.4 0.3 0.4 0.2 –0.1 0.1 0.1 0.1 0.2 0.5 0.5 0.2 0.0 0.0 0.0 0.1 1 2 3 4 –0.9 0.4 1.2 0.9 1.7 0.8 0.3 0.8 0.4 –1.3 0.4 1.0 0.9 1.2 0.3 0.4 0.7 0.3 1.2 0.4 0.8 –0.1 2.2 0.3 –0.3 –1.3 0.3 1.3 0.6 –0.1 –0.1 –0.2 0.5 0.5 –0.2 0.6 1.7 0.9 0.2 –0.1 0.6 0.2 0.3 0.1 0.5 –1.6 0.0 –0.2 0.2 –0.8 –0.1 0.1 0.7 –0.2 –0.6 0.1 0.1 0.2 –0.1 0.0 0.4 0.9 0.1 –0.6 0.3 0.2 0.2 0.1 0.1 0.1 0.4 0.0 5 6 7 8 9 10 11 12 13 0.2 0.4 0.4 0.4 0.1 0.6 1.0 1.0 1.1 0.3 0.2 0.5 0.0 0.8 0.0 0.3 0.3 1.4 –0.2 0.4 0.3 0.3 –1.2 1.1 0.3 0.1 –0.2 0.6 –0.6 0.3 0.6 0.8 1.8 0.2 0.6 0.4 0.4 –1.8 1.5 0.4 14 15 16 17 18 0.4 0.5 0.4 0.4 –0.1 –0.2 0.2 0.1 –0.2 19 –0.2 20 Based on chained (2009) dollar measures 19 20 Real personal income excluding current transfer receipts ........ Real disposable personal income ............................................. 0.2 0.3 0.0 –0.1 0.0 0.2 p Preliminary r Revised Table 6. Personal Income and Its Disposition, Percent Change from Preceding Period (Years and Quarters) Seasonally adjusted at annual rates Line 2012 2013 2012 III 2013 IV I II Line III IV Based on current-dollar measures 1 Personal income......................................................................... 2 Compensation of employees .................................................... 3 Wages and salaries ............................................................... 4 Supplements to wages and salaries...................................... 5 Proprietors’ income with inventory valuation and capital consumption adjustments...................................................... 6 Rental income of persons with capital consumption adjustment 7 Personal income receipts on assets ......................................... 8 Personal interest income ....................................................... 9 Personal dividend income...................................................... 10 Personal current transfer receipts ............................................. 11 Less: Contributions for government social insurance, domestic 12 Less: Personal current taxes .................................................... 13 Equals: Disposable personal income ...................................... Addenda: 14 Personal consumption expenditures ......................................... 15 Goods .................................................................................... 16 Durable goods .................................................................... 17 Nondurable goods .............................................................. 18 Services................................................................................. 4.2 4.0 4.3 2.7 2.8 2.9 3.0 2.2 1.5 1.7 1.8 1.4 11.3 9.5 11.0 3.5 –4.1 –1.8 –2.6 1.7 4.7 4.0 4.5 2.3 4.0 2.5 2.6 1.8 2.0 3.4 3.7 2.3 1 2 3 4 6.0 11.7 3.9 0.6 9.8 2.2 3.5 6.7 3.9 10.0 9.1 2.0 1.4 3.0 3.7 16.3 10.8 1.9 0.7 6.8 –1.7 –5.1 4.1 2.1 1.0 4.5 1.1 9.3 6.5 31.3 5.0 85.8 4.0 8.9 15.9 10.7 31.0 14.8 –22.4 –0.9 –47.1 6.5 63.0 21.1 –7.0 2.1 9.2 12.6 3.3 29.7 0.8 3.5 10.1 4.0 5.9 6.2 7.6 2.8 15.5 4.5 2.1 –2.6 5.0 –2.5 3.8 –0.1 1.1 –2.1 1.1 3.3 5.9 1.5 5 6 7 8 9 10 11 12 13 4.1 4.6 6.4 3.8 3.8 3.1 3.2 5.2 2.2 3.1 3.4 5.1 5.9 4.7 2.6 3.3 4.4 8.3 2.7 2.8 3.4 2.7 4.7 1.8 3.7 1.7 –0.3 4.1 –2.4 2.8 3.9 6.9 5.4 7.6 2.5 4.1 3.1 3.3 2.9 4.6 14 15 16 17 18 11.0 9.0 –7.2 –7.9 5.6 4.1 2.0 3.0 1.4 19 0.8 20 Based on chained (2009) dollar measures 19 20 Real personal income excluding current transfer receipts ........ Real disposable personal income ............................................. 2.7 2.0 1.5 0.7 –0.3 –0.6 Table 7. Real Personal Consumption Expenditures by Major Type of Product (Months) 2013 Line May June July Aug. Sept. Oct. r Nov. r Dec. p 10,781.4 3,695.9 1,355.7 2,357.6 7,085.1 10,849.2 3,735.4 1,384.2 2,371.0 7,113.7 10,867.9 3,742.1 1,364.3 2,394.0 7,125.7 Line Billions of chained (2009) dollars, seasonally adjusted at annual rates 1 Personal consumption expenditures ....................................... 2 Goods ....................................................................................... 3 Durable goods ....................................................................... 4 Nondurable goods ................................................................. 5 Services .................................................................................... 10,689.4 3,642.0 1,320.6 2,336.2 7,046.6 10,707.7 3,653.6 1,334.2 2,335.6 7,053.3 10,718.9 3,669.1 1,338.7 2,346.6 7,049.3 10,745.4 3,679.2 1,361.7 2,336.8 7,065.6 10,768.2 3,691.8 1,345.4 2,362.3 7,076.0 1 2 3 4 5 Change from preceding period in billions of chained (2009) dollars, seasonally adjusted at annual rates 6 Personal consumption expenditures ....................................... 7 Goods ....................................................................................... 8 Durable goods ....................................................................... 9 Nondurable goods ................................................................. 10 Services .................................................................................... 10.7 18.8 5.7 13.0 –7.9 18.3 11.6 13.6 –0.6 6.7 11.2 15.5 4.5 11.0 –4.0 26.5 10.1 23.0 –9.8 16.3 22.8 12.6 –16.3 25.5 10.4 13.2 4.1 10.3 –4.7 9.1 67.8 39.5 28.5 13.4 28.6 18.7 6 6.7 7 –19.9 8 23.0 9 12.0 10 Percent change from preceding period in chained (2009) dollars, seasonally adjusted at monthly rates 11 Personal consumption expenditures ....................................... 12 Goods ....................................................................................... 13 Durable goods ....................................................................... 14 Nondurable goods ................................................................. 15 Services .................................................................................... 0.1 0.5 0.4 0.6 –0.1 0.2 0.3 1.0 0.0 0.1 0.1 0.4 0.3 0.5 –0.1 0.2 0.3 1.7 –0.4 0.2 0.2 0.3 –1.2 1.1 0.1 0.1 0.1 0.8 –0.2 0.1 0.6 1.1 2.1 0.6 0.4 0.2 0.2 –1.4 1.0 0.2 11 12 13 14 15 p Preliminary r Revised Table 8. Real Personal Consumption Expenditures by Major Type of Product (Years and Quarters) Seasonally adjusted at annual rates Line 2012 2013 2012 III 2013 IV I II Line III IV Billions of chained (2009) dollars 1 Personal consumption expenditures ....................................... 2 Goods ....................................................................................... 3 Durable goods ....................................................................... 4 Nondurable goods ................................................................. 5 Services .................................................................................... 10,517.6 3,534.1 1,246.7 2,296.8 6,982.7 10,728.2 3,664.0 1,335.8 2,344.2 7,063.6 10,541.0 3,546.7 1,253.4 2,303.0 6,993.4 10,584.8 3,579.2 1,285.2 2,306.7 7,004.7 10,644.0 3,611.9 1,303.5 2,322.2 7,031.1 10,691.9 3,639.6 1,323.2 2,331.7 7,051.5 10,744.2 3,680.0 1,348.6 2,348.6 7,063.6 59.2 32.7 18.3 15.5 26.4 47.9 27.7 19.7 9.5 20.4 52.3 40.4 25.4 16.9 12.1 2.3 3.7 5.8 2.7 1.5 1.8 3.1 6.2 1.6 1.2 2.0 4.5 7.9 2.9 0.7 10,832.8 3,724.5 1,368.1 2,374.2 7,108.2 1 2 3 4 5 Change from preceding period in billions of chained (2009) dollars 6 Personal consumption expenditures ....................................... 7 Goods ....................................................................................... 8 Durable goods ....................................................................... 9 Nondurable goods ................................................................. 10 Services .................................................................................... 226.3 114.2 89.6 30.8 111.6 210.6 129.9 89.1 47.4 80.9 44.2 32.0 24.8 9.1 12.0 43.8 32.5 31.8 3.7 11.3 88.6 6 44.5 7 19.5 8 25.6 9 44.6 10 Percent change from preceding period in chained (2009) dollars 11 Personal consumption expenditures ....................................... 12 Goods ....................................................................................... 13 Durable goods ....................................................................... 14 Nondurable goods ................................................................. 15 Services .................................................................................... 2.2 3.3 7.7 1.4 1.6 2.0 3.7 7.1 2.1 1.2 1.7 3.7 8.3 1.6 0.7 1.7 3.7 10.5 0.6 0.6 3.3 4.9 5.9 4.4 2.5 11 12 13 14 15 Table 9. Price Indexes for Personal Consumption Expenditures: Level and Percent Change From Preceding Period (Months) 2013 Line May June July Aug. Sept. Oct. r Nov. r Dec. p Line Chain-type price indexes (2009=100), seasonally adjusted 1 Personal consumption expenditures (PCE) ............................ 2 Goods ....................................................................................... 3 Durable goods ....................................................................... 4 Nondurable goods ................................................................. 5 Services .................................................................................... Addenda: 6 PCE excluding food and energy ............................................... 7 Food 1 ....................................................................................... 8 Energy goods and services 2 .................................................... 9 Market-based PCE 3 ................................................................. 10 Market-based PCE excluding food and energy 3 ...................... 106.772 105.442 94.999 110.670 107.470 107.177 106.205 94.980 111.873 107.691 107.277 106.306 94.657 112.214 107.790 107.382 106.349 94.366 112.451 107.926 107.502 106.322 94.344 112.420 108.123 107.488 106.001 94.170 112.017 108.270 107.505 105.671 93.910 111.649 108.469 107.726 105.889 93.535 112.207 108.691 1 2 3 4 5 105.674 107.467 124.583 106.610 105.318 105.884 107.744 128.863 107.050 105.540 105.970 107.860 129.266 107.176 105.655 106.084 108.084 129.012 107.251 105.736 106.177 107.965 130.065 107.346 105.797 106.274 108.030 127.767 107.317 105.891 106.372 107.912 126.446 107.322 105.986 106.470 6 108.025 7 129.196 8 107.531 9 106.053 10 Percent change from preceding period in price indexes, seasonally adjusted at monthly rates 11 Personal consumption expenditures (PCE) ............................ 12 Goods ....................................................................................... 13 Durable goods ....................................................................... 14 Nondurable goods ................................................................. 15 Services .................................................................................... Addenda: 16 PCE excluding food and energy ............................................... 17 Food 1 ....................................................................................... 18 Energy goods and services 2 .................................................... 19 Market-based PCE 3 ................................................................. 20 Market-based PCE excluding food and energy 3 ...................... 0.1 –0.1 –0.1 –0.1 0.2 0.4 0.7 0.0 1.1 0.2 0.1 0.1 –0.3 0.3 0.1 0.1 0.0 –0.3 0.2 0.1 0.1 0.0 0.0 0.0 0.2 0.0 –0.3 –0.2 –0.4 0.1 0.0 –0.3 –0.3 –0.3 0.2 0.2 0.2 –0.4 0.5 0.2 11 12 13 14 15 0.1 –0.2 0.3 0.1 0.1 0.2 0.3 3.4 0.4 0.2 0.1 0.1 0.3 0.1 0.1 0.1 0.2 –0.2 0.1 0.1 0.1 –0.1 0.8 0.1 0.1 0.1 0.1 –1.8 0.0 0.1 0.1 –0.1 –1.0 0.0 0.1 0.1 0.1 2.2 0.2 0.1 16 17 18 19 20 p Preliminary r Revised 1. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 2. Consists of gasoline and other energy goods and of electricity and gas services. 3. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed transactions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. Table 10. Real Disposable Personal Income and Real Personal Consumption Expenditures: Percent Change From Month One Year Ago 2013 Line May 1 Disposable personal income .................................................... 2 Personal consumption expenditures ....................................... 3 Goods ....................................................................................... 4 Durable goods ....................................................................... 5 Nondurable goods ................................................................. 6 Services .................................................................................... June 1.1 1.8 3.6 7.7 1.8 0.9 July 0.9 2.0 4.1 8.3 2.1 1.0 Aug. 1.3 1.8 3.9 8.0 2.0 0.7 Sept. 2.0 2.1 3.9 8.9 1.6 1.2 2.2 1.9 3.5 5.9 2.4 1.1 Oct. r 1.8 2.1 3.9 7.3 2.3 1.2 Nov. r 0.6 2.4 4.2 7.3 2.8 1.5 Dec. p –2.7 2.5 4.1 4.8 3.7 1.7 Line 1 2 3 4 5 6 p Preliminary r Revised Table 11. Price Indexes for Personal Consumption Expenditures: Percent Change From Month One Year Ago 2013 Line 1 Personal consumption expenditures (PCE) ............................ 2 Goods ....................................................................................... 3 Durable goods ....................................................................... 4 Nondurable goods ................................................................. 5 Services .................................................................................... Addenda: 6 PCE excluding food and energy ............................................... 7 Food 1 ....................................................................................... 8 Energy goods and services 2 .................................................... 9 Market-based PCE 3 ................................................................. 10 Market-based PCE excluding food and energy 3 ...................... May June July Aug. Sept. Oct. r Nov. r 1.0 –0.7 –1.9 –0.2 1.9 1.3 0.0 –1.8 0.9 1.9 1.3 0.3 –1.8 1.3 1.9 1.1 –0.4 –2.0 0.4 1.9 0.9 –1.0 –1.8 –0.6 1.9 0.7 –1.4 –1.8 –1.2 1.8 0.9 –1.0 –2.0 –0.6 1.8 1.2 1.0 –0.9 1.0 1.1 1.2 1.0 3.2 1.2 1.1 1.1 1.2 4.8 1.4 1.1 1.2 1.2 –0.1 1.1 1.2 1.2 1.2 –3.3 0.8 1.1 1.1 1.0 –5.1 0.7 1.1 1.1 0.7 –2.7 0.9 1.2 Dec. p 1.1 –0.5 –2.1 0.2 1.9 Line 1 2 3 4 5 1.2 6 0.6 7 0.3 8 1.1 9 1.2 10 p Preliminary r Revised 1. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 2. Consists of gasoline and other energy goods and of electricity and gas services. 3. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed transactions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households.