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23 B E A

BUREAU OF EC O N O M IC ANALYSIS
U.S. D EPA R T M E N T O F CO M M ERCE

NEWS RELEASE

F O R W IR E T R A N S M IS S IO N : 8:30 A .M . E D T , T U E S D A Y , A U G U S T 1, 2006
Jam es E. R an k in :
M ich a e l A rm ah :

(2 0 2 ) 60 6 -5 3 0 1 (P erso n al In co m e)
6 0 6 -5 3 0 2 (P erso n al O utlays)

K u rt K u n ze:

B E A 06-34

6 0 6 -9 7 4 8 (A n n u al R ev isio n )

P E R S O N A L IN C O M E A N D O U T L A Y S: JU N E 2006
R E V IS E D E S T IM A T E S: 2003 T H R O U G H M A Y 2006
P e rso n a l in co m e in c re ase d $66.5 b illio n , or 0.6 p ercen t, and d isp o sab le p erso n al incom e (D PI)
in c re ase d $5 3 .2 b illio n , o r 0.6 p e rc en t, in June, acco rd in g to the B u re au o f E co n o m ic A nalysis.
P e rso n a l c o n su m p tio n e x p en d itu res (P C E ) in creased $35.4 b illio n , o r 0.4 p ercen t. In M ay, p erso n al
in co m e in c re ase d $ 4 1 .7 b illio n , o r 0.4 p e rc en t, D P I in creased $3 4 .6 b illio n , or 0.4 p ercen t, and PC E
in c re ase d $ 5 1.4 b illio n , o r 0.6 p e rc en t, b a se d on rev ised estim ates.
______________________ 2006______________________
Feb,
P e rso n a l in co m e, c u rre n t d o llars

M ar.
A pr.
M ay
(P ercen t ch an g e fro m p re c ed in g m o n th )

June

0.3

0.4

0.7

0.4

0.6

C u rre n t d o llars

0.2

0.3

0.6

0.4

0.6

C h ain ed (2 0 0 0 ) d o llars

0.1

0.0

0.1

0.0

0.4

C u rre n t d o llars

0.5

0.5

0.6

0.6

0.4

C h ain ed (2 0 0 0 ) d o llars

0.4

0.1

0.2

0.2

0.2

D isp o sa b le p e rso n al in co m e:

P e rso n a l c o n su m p tio n e x p en d itu res:

The estim ates released today reflect the annual revision to the national incom e and product
accounts, beginning w ith January 2003. A nnual revisions, w hich are usually m ade each July,
incorporate source data that are m ore com plete, m ore detailed, and otherw ise m ore reliable than
previously available. This release includes revised estim ates o f m onthly personal incom e, disposable
personal incom e, and outlays and provides an overview o f the effects o f the revision.
The A ugust 2006 S u r v e y o f C u r r e n t B u s i n e s s w ill contain national incom e and product accounts
tables and an article describing the revisions. The revised estim ates w ill be available from B E A ’s
W eb site at w w w .b ea.g o v .

N O T E .- M o n t h ly e s tim a te s a re e x p r e s s e d at s e a s o n a lly a d ju ste d a n n u a l r a te s, u n le s s o th e r w is e s p e c ifie d . M o n th -to m o n th d o lla r c h a n g e s a re d if f e r e n c e s b e t w e e n t h e s e p u b lis h e d e s tim a te s .
c a lc u la te d fr o m u n r o u n d e d d a ta a n d a re n o t a n n u a liz e d .

M o n th -to -m o n th p e rcen t c h a n g e s are

“ R e a l ” e s t i m a t e s a r e in c h a i n e d ( 2 0 0 0 ) d o l l a r s .

-m ore-

- 2 -

W a g e s a n d s a la r ie s

P riv ate w ag e an d salary d isb u rsem en ts in creased $34.6 b illio n in June, in co n tra st to a decrease
o f $2.3 b illio n in M ay. G o o d s-p ro d u c in g in d u stries' p ay ro lls in creased $6.6 b illio n , co m p ared w ith
an in crease o f $2.9 billio n ; m a n u fa ctu rin g p ay ro lls in creased $2.2 b illio n , fo llo w in g no change.
S e rv ic e s-p ro d u cin g in d u stries' p ay ro lls in creased $28.1 billion, in c o n trast to a d ecrease o f $5.2
b illio n . G o v ern m en t w age an d salary d isb u rsem en ts increased $3.7 b illio n , co m p ared w ith an
in crease o f $2.6 billion.

D isposable Personal Incom e and P ersonal O utlays
Jan uary 2002 through June 2006
(B illio n s o f d o llars; s e a s o n a lly a d ju s te d at an n u al ra te s)

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-3 O th e r p e r s o n a l in c o m e

S u p p le m e n ts to w ag es and sala rie s in c re a se d $6.9 b illio n in June, c o m p ared w ith an in c re ase o f
$4.1 b illio n in M ay .
P ro p rie to rs' in c o m e in c re ase d $ 0 .6 b illio n in Ju n e, co m p ared w ith an in crease o f $7.5 b illio n in
M ay. F a rm p ro p rieto rs' in co m e d e c re a se d $0.5 b illio n , co m p ared w ith a d ecrease o f $2.3 b illio n .
N o n fa rm p ro p rieto rs' in co m e in c re a se d $1.1 b illio n , co m p ared w ith an in c re ase o f $9.8 b illio n .
R en tal in c o m e o f p erso n s d e c re a se d $5.1 b illio n in June, co m p ared w ith a d ecrease o f $4.1
b illio n in M ay. P erso n al in c o m e re c e ip ts o n assets (p erso n al in te re st in c o m e p lu s p e rso n al d iv id en d
in co m e) in c re a se d $ 2 4.0 b illio n , c o m p a re d w ith an in c re ase o f $23.1 b illio n . P erso n al cu rren t
tra n sfe r re c eip ts in c re ase d $ 7 .0 b illio n , c o m p a re d w ith an in c re ase o f $ 1 1 .0 billion.
C o n trib u tio n s fo r g o v e rn m e n t so cial in su ra n ce — a su b tra ctio n in calcu latin g p e rso n al in c o m e in c re ase d $5.1 b illio n in June, c o m p a re d w ith an in c re ase o f $ 0 .2 b illio n in M ay.
P e r s o n a l c u r r e n t ta x e s a n d d is p o s a b le p e r s o n a l in c o m e

P erso n al c u rre n t taxes in c re a se d $1 3 .3 b illio n in June, c o m p a re d w ith an in crease $7.1 b illio n
in M ay. D isp o sa b le p erso n al in c o m e (D P I) - p e rso n al in co m e less p e rso n al cu rren t tax es in creased $ 5 3 .2 b illio n , o r 0.6 p e rc e n t, in Ju n e, c o m p ared w ith an in c re ase o f $ 3 4 .6 b illio n , o r 0 .4
p ercen t, in M ay.
P e r s o n a l o u tla y s a n d p e r s o n a l s a v in g

P e rso n a l o u tla y s - P C E , p e rso n a l in te re st p ay m en ts, an d p e rso n al cu rren t tra n sfe r p ay m en ts
in c re ase d $ 3 9 .6 b illio n in Ju n e, c o m p a re d w ith an in crease o f $ 5 5 .6 b illio n in M ay. P C E in c re ase d
$ 3 5 .4 b illio n , c o m p ared w ith an in c re a se o f $ 5 1 .4 b illio n .
P erso n al sav in g - D P I less p e rso n a l o u tla y s - w as a n e g ativ e $ 1 3 8 .9 b illio n in Ju n e, co m p ared
w ith a n e g ativ e $ 1 5 2 .5 b illio n in M ay . P e rso n a l sav in g as a p e rc e n ta g e o f d isp o sab le p e rso n al
in c o m e w as a n e g a tiv e 1.5 p e rc en t in Ju n e, c o m p a re d w ith a n e g ativ e 1.6 p e rc en t in M ay. N eg ativ e
p erso n al sav in g re fle c ts p e rso n al o u tla y s th a t e x ce e d d isp o sab le p e rso n al incom e. S av in g fro m
cu rren t in co m e m ay be n e a r zero o r n e g a tiv e w h en o utlays are fin a n c ed by b o rro w in g (in clu d in g
b o rro w in g fin a n c e d th ro u g h c re d it card s o r h o m e eq u ity lo an s), by sellin g in v estm en ts o r o th e r
assets, o r by u sin g sav in g s fro m p re v io u s p e rio d s. F o r m o re in fo rm atio n , see the F A Q s on “P erso n al
S a v in g ” on B E A ’s W eb site. F o r a co m parison o f personal saving in B E A ’s national incom e and
product accounts w ith personal saving in the F ederal R eserve B o ard ’s flow o f funds accounts, go to
h ttp ://w w w .b e a .g o v /b e a /d n /n ip a w e b /N ip a -F rb .a sp .

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-4 -

R eal D P I and real P C E

R eal D P I — D P I ad ju sted to rem o v e p ric e ch an g e s — in c re ase d 0 .4 p e rc en t in Ju n e, co m p ared
w ith a d ecrease o f less than 0.1 p e rc en t in M ay.
R eal P C E — P C E a d ju sted to re m o v e p ric e ch an g e s — in c re ase d 0 .2 p e rc en t in Ju n e, th e sam e
in c re ase as in M ay. P u rch ases o f d u rab le g o o d s in c re a se d 0.5 p e rc en t in June, in co n tra st to a
d e crea se o f 0.6 p e rc en t in M ay. P u rch ases o f n o n d u ra b le g o o d s in c re ase d 0.3 p e rc en t, c o m p ared
w ith an in c re ase o f 0.2 p ercent. P u rch ases o f serv ices in c re ase d 0.1 p ercen t, c o m p a re d w ith a
in c re ase o f 0 .4 p ercen t.
P C E p rice in d ex — T h e P C E p rice in d e x in c re a se d 0 .2 p e rc en t in June, c o m p a re d w ith an
in c re ase o f 0 .4 p e rc en t in M ay. T h e P C E p ric e in d ex , e x clu d in g fo o d an d en erg y , in c re ase d 0.2
p ercen t, th e sam e in c re ase as in M ay.

R e v is io n o f th e P e r s o n a l I n c o m e a n d O u tla y s E s tim a te s

P erso n al in co m e, p erso n al outlays, D P I, an d p e rso n a l sav in g are rev ised , b eg in n in g w ith
Jan u a ry 2003 to re fle c t th e resu lts o f th e an n u al re v isio n in th e n a tio n a l in co m e an d p ro d u c t accounts
(N IP A s) re le ase d la st w eek. T h e N IP A s u su ally are re v is e d each Ju ly to in c o rp o ra te n e w ly av ailab le
and m o re c o m p reh en siv e so u rce data, as w ell as im p ro v e d e stim atin g m eth o d o lo g ies.
T h e re v ised an n u al rev isio n s to th e estim ates o f p e rso n al in c o m e and ou tlay s, fo r 2 0 0 3 -2 0 0 5 ,
are sh o w n in ta b le 12. R ev ised and p re v io u sly p u b lish e d m o n th ly estim ates o f p e rso n al incom e,
D P I, P C E , p erso n al sav in g as a p e rc en ta g e o f D P I, re a l D P I, re a l P C E are sh o w n in ta b le 13; rev ised
an d p re v io u sly p u b lish e d annual an d q u a rte rly estim ates are sh o w n in tab le 14.
P erso n al in c o m e w as re v ise d d o w n $5.5 b illio n , o r 0.1 p ercen t, fo r 2 003; w as re v ise d up
$18.1 b illio n , o r 0 .2 p ercen t, fo r 2004; an d w as re v is e d up $1.5 b illio n , o r less th a n 0.1 p e rc en t, for
2005. F o r 2003, a d o w n w ard rev isio n to c o m p en sa tio n o f em p lo y ees w as p artly o ffse t by an u p w ard
re v isio n to p e rso n al cu rren t tra n sfe r receip ts. F o r 2 0 0 4 , u p w a rd rev isio n s to p e rso n al d iv id e n d
in co m e an d to n o n fa rm p ro p rie to rs ’ in co m e w e re p a rtly o ffse t by d o w n w ard re v isio n s to
co m p en satio n o f e m p lo y ees an d to p erso n al in te re st in c o m e . F o r 2 0 05, u p w a rd re v isio n s to p erso n al
d iv id e n d in co m e an d to b o th fa rm and n o n fa rm p ro p rie to rs ’ in c o m e w ere larg ely o ffset by a
d o w n w ard re v isio n to co m p en satio n o f em p lo y ees

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-5 -

P erso n al cu rre n t tax es w as re v ised up $1.2 b illio n fo r 2003, w as re v ised up $0.7 b illio n for
2 0 0 4 , an d w as re v ised d o w n $ 4 .6 b illio n fo r 2 0 05. D P I w as re v ised d o w n $6.7 b illio n , o r 0.1
p ercen t, fo r 2003; w as re v ise d up $ 1 7 .4 b illio n , o r 0.2 p e rc en t, fo r 2 0 0 4 ; an d w as re v ised up $6.2
b illio n , o r 0.1 p e rc en t, fo r 20 0 5 . T h e rev isio n s w ere ro u g h ly sim ilar to th o se to p e rso n al incom e,
re fle c tin g th e re la tiv e ly sm all rev isio n s to p e rso n al c u rre n t tax es. T h e p ercen t c h an g e fro m the
p re c e d in g y ear in real D P I w as re v ised d o w n fro m 2 .4 p e rc e n t to 2.2 p e rc en t fo r 2 0 0 3 , w as rev ised
up fro m 3 .4 p e rc en t to 3.6 p e rc e n t fo r 2 0 0 4 , an d w as re v ise d d o w n fro m 1.3 p e rc en t to 1.2 p ercen t
fo r 2 0 05.
P e rso n a l o u tlay s w as re v ise d d o w n fo r all 3 y ears: $8 .6 b illio n fo r 2 0 03, $5.3 b illio n fo r
2 0 0 4 , an d $ 1 .2 b illio n fo r 2 0 05. R ev isio n s to P C E a c c o u n te d fo r m o st o f th e rev isio n s fo r all 3
years. T h e p e rso n al sav in g ra te w as u n re v ised at 2.1 p e rc e n t fo r 2 0 03, w as re v ised up fro m 1.8
p e rc e n t to 2 .0 p e rc e n t fo r 2 0 0 4 , an d w as re v ise d u p fro m a n eg ativ e 0.5 p e rc en t to a n e g ativ e 0 .4
p e rc en t fo r 2005.

B E A ’s n a tio n a l, in te rn a tio n a l, re g io n a l, an d in d u stry estim ates; th e S u r v e y o f C u r r e n t
B u s i n e s s - , and B E A n ew s re le ase s are a v ailab le w ith o u t c h arg e on B E A ’s W eb site at w w w .b e a .g o v .
B y v isitin g the site, y o u can also su b scrib e to re c e iv e free e-m ail su m m aries o f B E A re leases and
a n n o u n cem en ts.

*

*

*

N e x t re le a se — P erso n al In c o m e an d O u tlay s fo r J u ly w ill b e re le a se d on
A u g u st 31, 2 0 06, at 8:30 A .M . E D T .

-m o re-

T a b l e 1 — P e r s o n a l I n c o m e a n d It s D i s p o s i t i o n ( M o n t h s )
[B illion s of dolla rs ]

Seasonally adjusted at annual rates

2002

P e r so n a l I n c o m e

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sep.

Oct.

8,945.3

8,968.1

8,995.2

9,031.3

9,058.5

9,117.8

9,157.6

9,175.1

9,200.6

9,235.2

9,261.5

........................................

6,143.3

6,163.9

6,192.7

6,216.5

6,237.9

6,281.3

6,306.9

6,316.1

6,342.2

6,364.2

6,407.4

............................................

4,988.8
4,111.4
1,001.2
667.6
3,110.1
842.9
2,267.2
877.4

5,001,2
4,111.4
999.6
665.2
3,111.8
845.7
2,266.0
889.8

5,022.4
4,127.9
999.9
666.7
3,128.0
850.1
2,277.9
894.5

5,039.4
4,142.2
1,000.1
665.7
3,142.1
852.7
2,289.4
897.2

5,055.0
4,155.3
996.8
661.6
3,158.4
851.0
2,307.4
899.7

5,090.2
4,186.7
1,002.1
665.8
3,184.6
854.0
2,330.6
903.5

5,110.0
4,199.8
1,003.4
3,196.4
854.6
2,341.8
910.2

5,115.0
4,207.7
995.5
659.2
3,212.3
855.1
2,357.1
907.2

5,135.6
4,228.2
1,000.9
662.2
3,227.3
859.8
2,367.5
907.5

5,152.2
4,245.7
1,008.7
667.2
3,237.0
861.9
2,375.0
906.5

5,188.5
4,278.4
1,023.1
677.7
3,255.3
871.6
2,383.7
910.1

1,154.5
780.3
366.3

1,162.7
789.7
373.0

1,170.3
795.4
375.0

1,177.1
B00.2
376.8

1,183.0
804.9
378.1

1,191.0
810.6
380.5

1,196.9
814.7
382.2

1,201.1

1,206.5
822.5
384.0

1,212.0

818.5
382.6

826.5
385.5

1,218.9
031.1
387.0

779.6
19.9
759.7

779.1
19.8
759.3

776.3

782.0
23.9
758.1

788.2
28.6
759.6

804.1
30.7
773.4

812.5
32.0
780.5

817.5
31.7
785.8

821.6
32.1
789.5

831.4
32.4
799.0

832.2
31.6
800.6

......................................................................

C o m p e n sa t i o n o t e m p l o y e e s, r e c e i v e d
W a ge

a n d sa l a r y d i sb u r se m e n t s

2003

D e c.

Private Industries ...........................................................................
Goods-produclng industries.........................................................
M anufacturing........................................................................
Servlces-produclng Industries ......................................................
Trade, transportation, and u tilitie s ............................................
Other servlces-produclng Industries ..........................................
Governm ent...................................................................................
Su p p l e m e n t s t o w a g e s a n d sa l a r i e s

........................................

Employer contributions for employee pension and Insurance fu n d s ....
Employer contributions for government social Insurance....................

666.2

P r o p r i e t o r s' i n c o m e w i t h i n v e n t o r y v a l u a t i o n a n d c a p i t a l c o n su m p t i o n
a d j u st m e n t s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Farm ................................................................................................
Nonfarm ............................................................................................
R e n t a l i n c o m e o t p e r so n s w i t h c a p i t a l c o n su m p t i o n a d j u s t m e n t . . . . . . . .
P e r so n a l i n c o m e r e c e i p t s o n a s se t s

..........................................

Personal interest Income ....................................................................
Personal dividend Incom e...................................................................
P e r so n a l c u r r e n t t r a n sf e r r e c e i p t s

.............................................

Government social benefits to persons................................................
Old-age, survivors, disability, and health insurance benefits...............
Government unemployment insurance benefits .................................
Other ............................................................................................
Other current transfer receipts, from business (net) ..............................

21.6

754.8

128.7

137.0

138.0

137.3

133.8

130.7

126.9

120.3

113.7

115.1

134.0

1,330.0
918.7
411.4

1,327.7
918.7
409.0

1,329.0
919.8
409.2

1,330.5
920.6
409.9

1,331.7
918.8
412.9

1,334.9
919.7
415.2

1,338.1
920.3
417.8

1,341.4
920.5
420.9

1,340.1
915.5
424.7

1,337.0
907.9
429.1

1,336.3
903.2
433.1

1,315.4
1,283.3
722.7
54.3
506.3
32.1

1,322.5
1,285.9
726.5
49.4
510.0
36.7

1,324.7
1,288.3
728.3
49.6
510.4
36.4

1,333.6
1,297.4
731.4
53.8
512.2
36.2

1,337.7
1,301.7
734.0
54.7
513.0
36.0

1,342.4
1,306.6
740.0
51.7
514.9
35.7

1,351.8
1,316.6
740.1
57.3
519.2
35.2

1,359.2
1,324.6
741.1
54.4
529.1
34.6

1,365.0
1,331.0
746.0
52.9
532.2
34.0

1,372.3
1,339.2
747.2
55.7
536.3
33.1

1,360.9
1,328.4
749.0
51.4
528.0
32.5

.....................

751.7

762.1

765.5

768.6

770.9

775.6

778.6

779.4

782.1

784.8

789.3

L e ss: P e r so n a l c u r r e n t t a x e s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1,041.6

1,022.4

1,022.8

1,023.0

1,016.8

1,023.5

1,030.7

934.7

889.5

1,003.6

1,010.3

E q u a l s: D i s p o s a b l e p e r so n a l i n c o m e

.............................................

7,903.7

7,945.8

7,972.4

8,008.3

8,041.7

8,094.3

8,126.9

8,240.4

8,311.0

8,231.6

8,271.2

..............................................................

7,786.0

7,800.3

7,810.4

7,868.5

7,880.3

7,904.9

7,956.0

8,007.3

8,105.5

8,088.3

8,100.2

7,501.3
946.9
2,116.9
4,437.5
183.9
59.7
41.1

7,522.1
924.9
2,135.2
4,462.0
179.4
98.8
59.2
39.6

7,532.8
897.5
2,156.9
4,478.3
178.5
99.1
59.5
39.6

7,589.5
912.0
2,184.9
4,492.7
179.4
99.5
59.9
39.6

7,597.2
933.3
2,154.7
4,509.1
182.6
100.5
60.2
40.3

7,619.2
935.7
2,139.7
4,543.9
184.7
100.9
60.6
40.3

7,668.8
943.0
2,171.9
4,553.9
185.9
101.3
61.0
40.3

7,723.3
954.1
2,188.0
4,581.2
184.7
99.4
61.4
38.0

7,820.9
984.3
2,230.2
4,606.4
184.8
99.8
61.8
38.0

7,803.7
954.9
2,232.3
4,616.5
184.4
100.3
62.3
38.0

7,812.3
950.1
2,220.7
4,641.5
182.2
105.8
62.7
43.1

............................................................

117.8

145.5

162.0

139.8

161.4

189.4

170.9

233.1

205.5

143.3

171.0

P e r so n a l s a v i n g a s a p e r c e n t a ge o t d i sp o s a b l e p e r so n a l i n c o m e . . . . . .

1.5

1.8

2.0

1.7

2.0

2.3

2. 1

2.8

2.5

1.7

2. 1

7,574.0

7,597.3

7,586.8

7,591.1

7,640.4

7,697.0

7,719.6

7,809.2

7,850.9

7,754.6

7,790.3

27,292
26,154
289,599

27,417
26,214
289,813

27,489
26,160
290,022

27,592
26,155
290,241

27,685
26,304
290,472

27,843
26,476
290,714

27,931
26,531
290,965

28,296
26,815
291,222

28,513
26,934
291,485

28,215
26,580
291,749

28,325
26,679
292,005

L e s s: C o n t r i b u t i o n s f o r g o v e r n m e n t so c i a l i n su r a n c e

L e ss: P e r so n a l o u t l a y s

Personal consumption expenditures ........................................................
Durable goods ...................................................................................
Nondurable goods ..............................................................................
Services ...........................................................................................
Personal interest payments1 ..................................................................
Personal current transfer paym ents..........................................................
To government .....................................................................
To the rest of the world (n e t)..............................................................
E q u a l s: P e r so n a l s a v i n g

100.8

Addenda:

Disposable personal income:
Total, billions of chained (2000) dollars2 .............................................
Per capita:
Current dollars ...............................................................................
Chained (2000) d o lla rs ...................................................................
Population (midperiod, thousands)3 ........................................................
S e e fo o tn o te s a t th e e n d o f th e ta b le .

T a b l e 1 — P e r s o n a l I n c o m e a n d It s D i s p o s i t i o n ( M o n t h s ) — C o n tin u ed
[B illio n s of do lla rs ]

Se a so n a l l y a d j u st e d at a n n u a l r a t e s

2003
N o v.

2004
D e c.

Ja n .

Feb .

M a r.

A p r.

M a y

Ju n e

J u ly

A u g .

Se p .

9,793.7

Personal incom e ......................................................................................

9,353.5

9,389.0

9,448.6

9,500.2

9,544.2

9,591.8

9,654.3

9,675.5

9,730.4

9,779.7

Compensation of employees, received .................................................

6,450.5

6,444.9

6,497.3

6,527.7

6,551.4

6,582.3

6,625.3

6,627.5

6,684.2

6,713.3

6,746.4

Wage and salary disbursem ents ......................................................

5,225.6
4,313.6
1,034.5
3,279.1
874.6
2,404.4
912.0

5,217.2
4,302.5
1,029.8
682.1
3,272.7
868.5
2,404.3
914.7

5,256.8
4,330.9
1,024.8
674.6
3,306.1
874.2
2,431.9
925.9

5,282.0
4,352.9
1,025.3
673.8
3,327.6
878.6
2,449.0
929.1

5,301.0
4,366.6
1,027.7
672.4
3,338.9
882.7
2,456.2
934.4

5,326.1
4,383.9
1,034.3
675.9
3,349.6
890.8
2,458.8
942.2

5,362.3
4,423.3
1,048.4
687.3
3,374.9
896.3
2,478.6
939.0

5,360.4
4,420.0
1,046.9
685.7
3,373.1
895.6
2,477.5
940.4

5,409.4
4,467.4
1,057.0
693.2
3,410.3
904.4
2,506.0
942.1

5,431.8
4,486.8
1,063.9
698.1
3,422.8
906.3
2,516.5
945.0

5,458.2
4,510.9
1,067.7
700.0
3,443.2
912.7
2,530.4
947.3

1,225.0
834.7
390.3

1,227.7
838.3
389.4

1,240.5
842.5
398.0

1,245.7
846.0
399.7

1,250.4
849.7
400.7

1,256.2
854.2
402.0

1,262.9
858.1
404.9

1,267.1
862.4
404.6

1,274.8
408.0

1,281.5
871.7
409.8

1,288.3
876.7
411.5

839.2
32.3
806.9

850.9
33.6
817.2

865.7
36.8
828.9

875.0
38.2
836.8

891.8
39.2
852.6

901.0
40.0
861.0

911.4
39.8
871.7

918.1
38.9
879.2

918.1
35.2
882.9

916.4
32.6
883.8

910.8
30.9
879.8

P r iv a t e

in d u s t r ie s

. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . .

G o o d s - p r o d u c in g

i n o u s t n e s . . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. .

M a n u f a c t u r in g

. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . ..

S e r v ic e s - p r o d u c m g
T ra d e ,

in d u s t n e s

t r a n s p o r t a t io n ,

O th e r

a n d

s e r v ic e s - p r o d u c m g

. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . ..
u t i l i t i e s . . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . .

in d u s t n e s

. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .

G o v e r n m e n t . . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. .

Supplements to wages and salaries .................................................
E m p lo y e r

c o n t n b u t io n s

fo r

e m p lo y e e

p e n s io n

E m p lo y e r

c o n t r ib u t io n s

fo r

g o ve rn m en t

s o c ia l

an d

in s u r a n c e

f u n d s . .. .. ..

i n s u r a n c e . . . .. . . .. . . .. . . .. . . .. . . .. . . .. . .

P roprietors' incom e with inventory valuation and capital consum ption
a d ju s tm e n ts ......................................................................................
Farm

. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . ..

N o n farm

. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . .

686,8

866.8

Rental incom e of persons w ith capital consum ption a d ju s tm e n t..........

151.1

157.8

142.8

140.1

137.4

134.3

131.9

129.8

128.9

122.7

86.5

Personal incom e receipts on assets ....................................................

1,342.2
902.2
440.0

1,350.6
901.8
448.8

1,360.8
898.0
462.9

1,366.1
892.6
473.5

1,371.4
887.8
483.7

1,379.8
491.7

1,389.7
888.9
500.8

1,400.1
890.1
509.9

1,409.2
890.5
518.7

1,416.0
889.3
526.7

1,422.0
887.4
534.5

1,364.5
1,333.1
751.8
51.2
530.1
31.4

1,377.2
1,347.6
760.8
51.7
535.1
29.7

1,389.9
1,362.8
765.7
46.5
550.6
27.1

1,402.5
1,377.2
776.8
43.2
557.1
25.4

1,405.5
1,381.1
779.9
39.2
562.0
24.4

1,410.7
1,386.5
782.9
34.8
568.9
24.1

1,417.7
1,394.1
786.3
36.5
571.2
23.6

1,421.6
1,398.3
789.9
35.0
573.3
23.3

1,418.3
1,395.2
792.9
33.0
569.3
23.1

1,443.2
1,405.1
796.6
35.2
573.3
38.0

1,463.5
1,409.4
800.0
31.7
577.7
54.2

P e rso n a l

I n terest

P e rso n a l

d iv id e n d

In co m e

. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . .

i n c o m e . . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. .

Personal current transfer r e c e ip ts ........................................................
G o v e rn m e n t
O ld - a g e ,

s o c ia l

s u r v iv o r s ,

G o v e rn m e n t
O th e r
O th e r

b e n e f it s

to

p e r s o n s . . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. .

d is a b ilit y ,

u n e m p lo y m e n t

an d

h e a lt h

I n su ran ce

I n su ran ce

b e n e f it s

b e n e f i t s . . . . . . . . .. . . . . . . . .. . . . .

. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . .

. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . .

cu rren t

tran sfer

r e c e ip t s ,

fro m

b u s in e s s

(n et)

. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . ..

888.1

Less: C ontributions for governm ent social insurance ..........................

794.1

792.4

807.9

811.2

813.3

816.2

821.7

821.5

828.3

831.7

835.5

Less: Personal current taxes ...................................................................

1,017.6

1,018.1

1,011.3

1,016.2

1,020.7

1,026.5

1,035.3

1,038.5

1,052.7

1,061.3

1,070.9

Equals: Disposable personal incom e .......................................................

8,335.8

8,370.9

8,437.3

8,484.0

8,523.6

8,565.3

8,618.9

8,637.0

8,677.7

8,718.4

8,722.9

Less: Personal outlays ............................................................................

8,156.3

8,173.9

8,264.3

8,290.5

8,353.4

8,373.7

8,487.2

8,455.3

8,532.3

8,546.3

8,616.7

7,868.5
966.6
2,235.7
4,666.2
181.5
106.3
63.2
43.1

7,885.3
955.7
2,232.2
4,697.4
181.9
106.8
63.7
43.1

7,977.7
960.5
2,271.2
4,746.0
179.7
106.9
64.2
42.7

8,005.9
970.9
2,268.7
4,766.2
177.2
107.4
64.7
42.7

8,070.5
983.1
2,314.3
4,773.1
175.0
107.9
65.2
42.7

8,086.6
970.1
2,301.0
4,815.5
178.1
109.0
65.7
43.3

8,196.5
1,001.7
2,342.4
4,852.4
181.2
109.5

8,161.3
956.8
2,339.8
4,864.7
184.1

8,313.7
1,006.4
2,370.7
4,936.5
191.9

66.2

110.0
66.6

8,246.1
975.5
2,348.1
4,922.5
189.4

43.3

43.3

8,235.3
990.8
2,347.7
4,896.8
186.7
110.3
67.1
43.2

179.6

197.0

173.0

193.5

170.2

191,6

131.7

181.6

145.3

172.2

1.7

2.0

Pe rso n a l

c o n s u m p t io n

D u r a b le

g o o d s

N o n d u r a b le
S e r v ic e s

e x p e n d i t u r e s . . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . .

. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . .

g o o d s . . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .

. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . .

Pe rso n a l

I n terest

Pe rso n a l

cu rren t

p a y m e n ts1
tra n sfe r

T o

g o v e rn m e n t

T o

th e

re st

o f

. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . ..

p a y m e n t s . . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . .

. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . .
th e

w o r ld

( n e t ) . . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . .

Equals: Personal saving ...........................................................................
Personal saving as a percentage of disposable personal income ........

2 .2

2.4

2 .1

2.3

2 .0

2 .2

1.5

2 .1

110.8
67.6
43.2

111.2
68.0
43.2

106.1
1 .2

Addenda:
D is p o s a b le
T o t a l,
Pe r

p e rso n a l

b illio n s

in c o m e :

o f c h a in e d

(2000)

d o lla r s 2

. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .

7,853.8

7,867.8

7,898.2

7,914.6

7,924.0

7,949.9

7,965.0

7,961.4

7,994.5

8,025.3

8,019.9

28,524
26,875
292,235

28,624
26,904
292,440

28,832
26,989
292,642

28,970
27,027
292,850

29,084
27,038
293,067

29,204
27,105
293,296

29,362
27,135
293,536

29,399
27,099
293,784

29,512
27,188
294,040

29,624
27,269
294,301

29,613
27,226
294,563

c a p it a :

Cu rre n t
C h a in e d
P o p u la t io n

d o lla r s

(2000)

. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. .
d o l l a r s . . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . .

( m id p e r io d ,

th o u sa n d s) 3

S e e fo o tn o te s a t th e en d o f th e ta b le .

. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . .

T a b l e 1.— P e r s o n a l I n c o m e a n d It s D i s p o s i t i o n ( M o n t h s ) — C o n tin u e d
[B illions of do lla rs ]

Seasonally adjusted at annual rates
2004

2005

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Personal Income ....................................................................................

9,885.1

9,914.2

10,258.9

10,018.9

10,051.4

10,076.3

Compensation ot em ployees, received ...............................................

6,793.8

6,802.8

6,831.5

6,874.2

6,891.3

6,903.3

Wage and salary disbursem ents ...................................................
Private industries ..........................................................................
Goods-producmg industries........................................................
M anufactunng.......................................................................
Services-producing mduslnes ....................................................
Trade, transportation, and utilities ..........................................
Other services-producing indu stries ........................................
Governm ent..................................................................................

5,496.7
4,546.2
1,070.1
699.4
3,476.0
916.2
2,559.8
950.5

5,499.7
4,547.3
1,068.5
695.8
3,478.8
915.8
2,563.0
952.4

5,521.0
4,567.8
1,075.4
699.1
3,492.4
916.8
2,575.6
953.2

5,546.8
4,580.9
1,077.9
699.2
3,503.0
918.5
2,584.4
965.9

5,557.2
4,588.4
1,079.4
697.4
3,508.9
917.2
2,591.7
968.9

Supplements to wages and salaries ...............................................
Employer contributions for employee pension and insurance funds ....
Employer contributions for government social Insurance...................

1,297.1
882.7
414.4

1,303.0
414.9

1,310.5
893.9
416.6

1,327.4
904.2
423.3

Proprietors’ Income w ith inventory valuation and capital consumption
a d ju s tm e n ts ....................................................................................
Farm ...............................................................................................
N onfarm ................................................................................... .

934.0
34.4
899.6

940.5
34.3
906.3

950.1
34.0
916.1

949.4
34.8
914.6

8 8 8 .1

121.8

Apr.

May

June

July

Aug.

10,125.0

10,152.8

10,206.6

10,288.3

10,103.5

6,935.2

6,946.5

6,979.3

7,064.2

7,087.7

5,563.1
4,592.8
1,079.4
694.2
3,513.4
918.7
2,594.7
970.3

5,589.0
4,616.5
1,083.4
695.5
3,533.1
929.4
2,603.7
972.4

5,594.6
4,620.9
1,086.7
697.3
3,534.2
929.1
2,605.1
973.7

5,620.3
4,645.2
1,092.5
699.2
3,552.8
932.6
2,620.2
975.1

5,693.0
4,7154
1,107.9
707.0
3,607.5
945.4
2,662.2
977.6

5,709.8
4,729.5
1,116.6
712.0
3,612.9
944.1
2 ,6 6 8 .8
980.2

1,334.0
909.9
424.2

1,340.2
915.4
424.8

1,346.2
919.6
426.7

1,351.9
924.5
427.4

1,359.0
929.8
429.2

1,371.2
936.5
434.7

1,378.0
942.0
436.0

951.1
34.0
917.1

957.8
32.7
925.1

958.4
29.4
929.0

962.2
28.5
933.7

976.9
28.4
948.6

981.9
30.5
951.4

925.5
28.3
897.2

Rental income of persons w ith capital consum ption ad ju s tm en t.........

125.1

123.5

121.7

118.8

114.8

107.1

102.6

98.7

96.3

-213.1

Personal income receipts on assets ...................................................
Personal interest Income ...................................................................
Personal dividend inc om e ..................................................................

1,431.1
543.1

1,440.3
891.7
548.6

1,748.0
897.2
850.8

1,456.2
906.1
550.1

1,464.0
912.7
551.2

1,472.7
918.2
554.5

1,486.6
925.7
561.0

1,500.4
934.7
565.7

1,514.5
943.9
570.5

1,523.6
947.6
576.1

1,532.7
951.2
581.6

Personal current transfer receipts .......................................................
Government social benefits to persons................................................
Old-age, survivors, disability, and health Insurance benefits..............
Government unemployment Insurance benefits ................................
Other ............................................................................................
Other current transfer receipts, from business (net) .............................

1,442.1
1,418.3
803.8
32.9
581.6
23.8

1,449.4
1,424.7
808.4
33.0
583.4
24.6

1,453.6
1,427.5
813.0
30.9
583.5
26.1

1,478.8
1,449.4
824.3
35.5
589.6
29.4

1,490.1
1,459.0
836.1
31.9
590.9
31.1

1,492.9
1,460.5
836.3
30.9
593.4
32.4

1,507.0
1,474.5
842.3
30.6
601.6
32.5

1,511.7
1,478.7
844.2
32.0
602.5
33.0

1,511.7
1,478.2
846.6
29.3
602.3
33.5

1,507.5
1,473.5
847.5
30.6
595.4
34.0

1,658.5
1,495.7
848.5
30.7
616.6
162.8

8 8 8 .0

Less: C ontributions fo r governm ent social Insurance .........................

841.0

842.3

845.9

861.6

863.8

865.3

869.2

870.7

874.5

885.2

887.8

Less: Personal current taxes ...................................................................

1,082.1

1,087.3

1,095.2

1,150.8

1,157.7

1,165.3

1,184.4

1,191.3

1,199.7

1,207.1

1,213.5

Equals: Disposable personal Income ......................................................

8,803.0

8,826.9

9,163.7

8,868.1

8,893.8

8,911.0

8,940.7

8,961.4

9,006.9

9,081.2

8,890.0

Less: Personal outlays ...........................................................................

8,676.7

8,718.4

8,771.6

8,787.0

8,839.4

8,888.9

8,975.7

8,970.5

9,055.1

9,165.6

9,158.5

8,371.6
997.4
2,407.5
4,966.7
194.3

8,410.8
999.5
2,412.4
4,999.0
196.3

8,462.0
1,022.5
2,418.2
5,021.3
198.0

1 1 1 .2

1 1 1 .6

68.5
42.4

68.9
42.4

69.3
42.4

8,520.7
1 ,0 1 0 .1
2,457.4
5,053.2
199.8
119.0
69.9
49.0

8,569.0
1,023.2
2,462.4
5,083.3

1 1 0 .8

8,469.4
1,005.9
2,430.8
5,032.8
199.0
118.6
69.6
49.0

8,654.4
1,055.5
2,513.8
5,085.1
204.6
116.8
70.8
46.0

8,644.6
1,012.7
2,501.3
5,130.6
208.5
117.3
71.3
46.0

8,724.8
1,058.8
2,510.7
5,155.3
212.5
117.8
71.8
46.0

8,833.9
1,114.7
2,540.6
5,178.7
213.7
118.0
72.2
45.8

8,825.5
1,042.6
2,577.2
5,205.6
214.6
118.5
72.7
45.8

Equals: Personal saving ..........................................................................

126.3

108.5

392.1

81.1

54.3

-9.1

-48.2

-84.4

1.2

-268.5

1.4

4.3

.9

22.1
.2

-35.1

Personal saving as a percentage of disposable personal in c o m e ........

-.4

-.1

-.5

-.9

-3.0

Personal consumption expenditures ........................................................
Durable g o o d s ....................................................................................
Nondurable goods ..............................................................................
S erv ices ............................................................................................
Personal Interest payments 1 ..................................................................
Persona: current transfer paym ents.........................................................
To government ...................................................................................
To the rest of the world (n e t)..............................................................

Addenda:
Disposable personal income:
Total, billions of chained (2000) dollars 2 .............................................
Per capita:
Current dollars ...............................................................................
Chained (2000) dollars ............................................................
Population (midperiod, thousands) 3 .........................................................
S e e fo o tn o te s a t th e en d o f th e ta b le .

.6

2 0 0 .6

119.4
70.4
49.0

8,053.2

8,057.8

8,365.2

8,083.7

8,083.3

8,063.2

8,062.0

8,077.7

8,117.6

8,151.5

7,946.9

29,859
27,316
294,817

29,917
27,310
295,045

31,037
28,333
295,249

30,016
27,361
295,445

30,083
27,342
295,540

30,121
27,255
295,843

30,199
27,231
296,059

30,246
27,263
296,287

30,375
27,376
296,522

30,600
27,468
296,769

29,930
26,755
297,027

T a b l e 1 — P e r s o n a l I n c o m e a n d I t s D i s p o s i t i o n ( M o n t h s ) — C o n tin u e d
[B illio n s o f dolla rs ]

Seasonally adjusted at annual rates
2005

2006

Sep,

Oct.

Feb.

Mar.

Personal income ....................................................................................

10,396.1

10,452.6

10,472.4

10,526.1

10,612.4

10,644.2

10,685.8

Compensation of employees, received ...............................................

7,128.7

7,169.6

7,173.1

7,210.6

7,282.1

7,317.9

7,345.9

Wage and salary disbursem ents ....................................................
Private industries ..........................................................................
Goods-producing industries .......................................................
Manufacturing.......................................................................
Services-producmg industries ....................................................
Trade, transportation, and utilities ...........................................
Other services-producing industries ........................................
Government .................................................................................

5,742.7
4,758.8
1,117.0
709.9
3,641.7
947.1
2,6947
983.9

5,777.3
4,791.8
1,125.9
719.2
3,665.9
951.1
2,714.8
985.5

5,776.5
4,788.2
1,121.9
711.9
3,666.3
954.9
2,711.4
988.3

5,807.2
4,816.6
1,127.0
713.9
3,689.6
958.7
2,730.9
990.6

5,863.6
4,868.3
1,140.9
723.9
3,727.4
961.5
2,765.9
995.3

5,893.4
4,894.7
1,145.0
726.5
3,749.7
966.2
2,783.5
998.7

Supplements to wages and salaries ............................................... .
Employer contributions for employee pension and insurance funds ....
Employer contributions for government social insurance .................. .

1,386.0
947.9
438.1

1,392.2
951.3
441.0

1,396.5
956.0
440.5

1,403.4
960.9
442.5

1,418.5
967.4
451.1

Proprietors’ incom e w ith inventory valuation and capital consumption
adjustments .......... ..........................................................................
Farm ..................... .....................................................................
N onfarm ............................ ...............................................................

994.5
30.3
964.2

993.5
29.2
964.3

995.4
28.7
966.7

1,001.4
28.1
973.2

1,006.6
24.6
982.0

Nov.

Dec.

Jan.

Apr.

May

Junee

10,762.9

10,804.6

10,871.1

7,408.6

7,413.1

7,458.2

5,915.8
4,915.4
1,147.3
727.6
3,768.1
969.3
2,798.7
1,000.4

5,969.4
4,966.3
1,155.6
732.5
3,810.7
979.3
2,831.5
1,003.2

5,969.8
4,964.0
1,158.5
732.5
3,805.5
976.2
2,829.3
1,005.8

6,008.1
4,998.6
1,165.1
734.7
3,833.6
983.3
2,850.2
1,009.5

1,424.5
971.6
452.9

1,430.1
975.7
454.5

1,439.2
981.0
458.2

1,443.3
985.2
458.1

1,450.2
989.6
460.6

1,005.7
23.9
981.8

1,012.5
23.2
989.3

1 ,0 1 2 .1

1,019.6
18.9
1,000.7

1 ,0 2 0 .2

2 1 .2

990.9

18.4
1 ,0 0 1 .8

Rental incom e of persons w ith capital consum ption adjustment ........

82.3

80.1

83.9

80.5

78.0

75.9

76.4

72.4

68.3

63.2

Personal income receipts on assets ...................................................
Personal interest inc om e....................................................................
Personal dividend incom e...................................................................

1,541.8
954.8
587.0

1,561.3
968.5
592.8

1,580.3
981.8
598.5

1,599.1
994.9
604.2

1,600.8
992.0
608.8

1,602.1
989.1
613.0

1,603.9
986.2
617.8

1,626.5
1,003.8
622.7

1,649.6
1,021.4
628.2

1,673.6
1,039.0
634.6

Personal current transfer re c e ip ts .......................................................
Government social benefits to persons ...............................................
Old-age, survivors, disability, and health insurance benefits ..............
Government unemployment insurance benefits ................................
Other ............................................................................................
Other current transfer receipts, from business (net) ................... 1 . Z . Z

1,541.1
1,498.3
849.6
29.4
619.4
42.8

1,546.1
1,500.0
851.6
34.3
614.1
46.1

1,537.3
1,501.8
852.2
30.5
619.2
35.4

1,536.0
1,500.5
860.1
30.1
610.3
35.5

1,566.3
1,531.9
901.4
28.6
601.9
34.4

1,568.7
1,534.3
910.3
27.4
596.6
34.5

1,576.3
1,541.7
917.9
27.4
596.4
34.6

1,580.3
1,545.4
920.8
27.0
597.6
34.8

1,591.3
1,556.3
927.9
27.0
601.4
35.0

1,598.3
1,563.1
935.8
27.0
600.2
35.2

Less: C ontributions fo r governm ent social insurance .........................

892.4

897.8

897.5

901.5

921.4

926.2

929.3

937.1

937.3

942.4

Less: Personal current t a x e s ...................................................................

1,224.3

1,236.4

1,245.1

1,261.5

1,312.8

1,326.7

1,338.4

1,364.0

1,371.1

1,384.4

Equals: Disposable personal incom e ......................................................

9,171.9

9,216.3

9,227.3

9,264.6

9,299.6

9,317.5

9,347.4

9,398.9

9,433.5

9,486.7

Less: Personal outlays ............................................................................

9,216.9

9,248.1

9,253.1

9,292.5

9,371.3

9,418.6

9,465.7

9,530.4

9,586.0

9,625.6

Personal consumption expenditures.........................................................
Durable g o o d s ...................................................................................
Nondurable g o o d s ....................................... ................................. .....
S ervices..................................................................................... Z Z
Personal interest payments 1 ...................................................................
Personal current transfer payments .........................................................
To governm ent...................................................................................
To the rest of the world (n e t)..............................................................

8,882.5
1,014.6
2,637.0
5,230.9
215.4
119.0
73.2
45.8

8,911.6
996.5
2,652.1
5,263.0
215.1
121.3
73.7
47.6

8,916.4
1,023.3
2,594.2
5,299.0
214.9
74.2
47.6

8,955.5
1,039.1
2,594.1
5,322.3
214.7
122.3
74.7
47.6

9,034.4
1,069.8
2,655.7
5,308.9
216.6
120.4
75.2
45.2

9,079.2
1,055.7
2,654.5
5,369.0
218.5
120.9
75.7
45.2

9,123.8
1,066.9
2,664.5
5,392.5
220.4
121.4
76.3
45.2

9,182.2
1,064.4
2,704.1
5,413.7
224.1
124.1
76.8
47.3

9,233.6
1,057.4
2,727.4
5,448.8
227.7
124.7
77.3
47.3

9,269.0
1,060.5
2,737.2
5,471.3
231.4
125.2
77.9
47.3

Equals: Personal saving ...........................................................................

-45.1

-31.8

-25.8

-27.8

-71.7

-

-152.5

-138.9

Personal saving as a percentage of disposable personal in c o m e ........

-.5

-.3

-.3

-.3

-.8

8,123.5

8,144.5

8,185.4

8 ,2 2 0 .1

30,852
27,326
297,285

30,976
27,373
297,534

30,990
27,490
297,756

31,094
27,589
297,954

Addenda:
Disposable personal income:
Total, billions of chained (2000) dollars 2 .............................................
Per capita:
Current dollars ................................................................................
Chained (2 0 0 0 ) d o lla rs ........................................................ ZZZZI
Population (midperiod, thousands) 3 .........................................................
p Pr e l i m i n a r y .
1. C o n si st s o f n o n m o r t g a g e i n t e r e st p a i d b y h o u se h o l d s.

2 . Eq u a l s d i sp o sa b l e p e r so n a l i n c o m e d e f l a t e d b y t h e i m p l i ci t p r i c e d e f l a t o r f o r p e r so n a l c o n su m p t i o n e x p e n d i t u r e s.

3.

1 2 1 .8

-118.2

-131.6

1.1

-1.3

-1.4

8,211.7

8,221.5

8,219.2

31,192
27,543
298,144

31,231
27,558
298,337

31,311
27,531
298,539

1 0 1 .1

-

1 .6

-1.5

8,227.0

8,226.7

8,258.8

31,460
27,538
298,753

31,552
27,516
298,979

31,705
27,601
299,216

Po p u l a t i o n i s t h e t ot al p o p u l a t i o n o f t h e U n i t e d St a t e s, i n c l u d i n g t he A r m e d

t io nalized

populat ion.

The

m ont hl y

e st i m a t e

is t he a v e r a ge

-

F o r c e s o v e r se a s a n d

t h e i n st i t u ­

o f e st i m a t e s f o r t h e f i r st o f t h e m o n t h a n d t h e f i r st o f

t h e f o l l o w i n g m o n t h ; t h e a n n u a l a n d q u a r t e r l y e st i m a t e s a r e a v e r a g e s o f t h e m o n t h l y e st i m a t e s.

T a b le 2 — P e r s o n a l In c o m e a n d Its D is p o s it io n ( Y e a r s a n d Q u a r t e r s )
[B illions of dollars ]

Seascnally adjusted at annual rates
2002

2003

2004

2005

2003

2002

IV

I

II

III

IV

Personal incom e ........................................................................................................................

8,881.9

9,163.6

9,731.4

10,239.2

8,925.5

8,998.2

9,111.3

9,203.6

9,341.3

Compensation of em ployees, re c e iv e d ..................................................................................

6,091.2

6,310.4

6,665.3

7,030.3

6,133.4

6,191.0

6,275.4

6,340.8

6,434.3

Wage and salary disbursem ents ........................................................................................
Private indu stries .............................................................................................................
Goods-producing industries ..................................................................... .....................
M anutactunng...........................................................................................................
Services-producmg industnes ........................................................................................
Trade, transportation, ano utilitie s..............................................................................
Other services-producmg industnes...........................................................................
Government ....................................................................................................................

4,980.9
4,115.0
1,010.7
675.5
3,104.2
843.1
2,261.1
865.9

5,112.7
4,208.3
1,007.9
668.9
3,200.4
858.3
2,342.1
904.4

5,392.1
4,450.3
1,050.8

5,664.8
4,687.1
1,101.3
704.7
3,585.8
937.2
2,648.5
977.7

4,984.5
4,109.1
999.9
667.1
3,109.2
842.0
2,267.2
875.4

5,021.0
4,127.2
999.9
665.9
3,127.3
849.5
2,277.8
893.8

5,085.1
4,180.6
1 ,0 0 0 .8
664.5
3,179.8
853.2
2,326.6
904.5

5,134.3
4,227.2
1,001.7
662.9
3,225.5
859.0
2,366.6
907.1

5,210.4
4,298.2
1,029.1
682.2
3,269.0
871.6
2,397.5
912.2

Supplements to wages and s a la r ie s ..................................................................................
Employer contributions for employee pension and insurance fun ds ......................................
Employer contributions for government social insurance .....................................................

1,110.3
745.1
365.2

1,197.7
815.6
382.1

1,273.2
407.1

1,365.5
933.2
432.3

1,148.9
783.2
365.8

1,170.0
795.1
374.9

1,190.3
810.1
380.3

1,206.6
822.5
384.1

1,223.9
834.7
389.2

P roprietors’ incom e w ith inventory valuation and capital consum ption adjustments ............
Farm ...................................................................................................................................
N onfarm ..............................................................................................................................

768.4

811.3
29.2
782.1

911.1
36.2
874.9

970.7
30.2
940.4

778.1
18.4
759.7

779.1

757.8

757.4

801.6
30.5
771.2

823.5
32.1
791.5

840.8
32.5
808.3

10 .6

6 8 8 .0

3,399.5
899.2
2,500.3
941.8
8 6 6 .1

2 1 .8

Rental incom e of persons w ith capital consumption adjustment ..........................................

152.9

133.0

127.0

• 72.8

129.2

137.4

130.5

116.3

147.6

Personal incom e receipts on assets ......................................................................................
Personal Interest In co m e ......................................................................................................
Personal dividend income ....................................................................................................

1,333.2
936.1
397.2

1,336.6
914.1
422.6

1,427.9
890.8
537.1

1,519.4
945.0
574.4

1,328.5
918.4
410.0

1,329.1
919.7
409.4

1,334.9
919.6
415.3

1,339.5
914.6
424.9

1,343.1
902.4
440.7

Personal current transfer re c e ip ts ..........................................................................................
Government social benefits to persons .................................................................................
Old-age, survivors, disability, and health insurance benefits ................................................
Government unemployment insurance benefits ...................................................................
Other ..............................................................................................................................
Other current transfer receipts, from business (net) ................................................................

1,286.2
1,248.9
707.5
53.2
488.2
37.3

1,351.0
1,316.7
741.3
52.8
522.5
34.3

1,426.5
1,398.4
791.4
36.0
571.0
28.1

1,526.6
1,480.9
844.9
31.3
604.6
45.7

1,307.1
1,274.2
716.7
53.1
504.4
32.9

1,327.0
1,290.5
728.7
50.9
510.9
36.4

1,344.0
1,308.3
738.0
54.6
515.7
35.6

1,365.5
1,331.6
744.7
54.3
532.5
33.9

1,367.6
1,336.4
753.9
51.4
531.1
31.2

Less: C ontributions for governm ent social insurance ...........................................................

750.0

Less: Personal current taxes .....................................................................................................

1,051.8

826.4

880.6

750.9

765.4

775.0

782.1

791.9

1 , 0 0 1 .1

1,049.8

1,203.1

1,043.8

1,022.7

1,023.7

942.6

1,015.4
8,326.0

778.6

Equals: Disposable personal incom e ........................................................................................

7,830.1

8,162.5

8,681.6

9,036.1

7,881.7

7,975.5

8,087.6

8,261.0

Less: Personal outlays ..............................................................................................................

7,645.3

7,987.7

8,507.2

9,070.9

7,742.4

7,826.4

7,913.7

8,067.0

8,143.5

Personal consumption expenditures..........................................................................................
Durable g o o d s ............................................................................................................... ......
Nondurable g o o d s ................................................................................................................
S ervices...............................................................................................................................
Personal interest payments 1 ....................................................................................................
Personal current transfer payments ..........................................................................................
To oovem m ent.....................................................................................................................
To the rest ol the world (n e t)................................................................................................

7,350.7
923.9
2,079.6
4,347.2
196.4
98.2
58.2
40.0

7,703.6
942.7
2,190.2
4,570.8
182.5
101.5
61.3
40.2

8,211.5
986.3
2,345.2
4,880.1
186.0
109.7
42.9

8,742.4
1,033.1
2,539.3
5,170.0
209.4
119.2
72.0
47.1

7,453.1
921.5
2,109.7
4,421.8
188.8
100.5
59.4
41.1

7,548.1
911.5
2,159.0
4,477.7
179.1
99.1
59.5
39.6

7,628.4
937.3
2,155.4
4,535.6
184.4
100.9
60.6
40.3

7,782.6
964.4
2,216.8
4,601.4
184.6
99.8
61.8
38.0

7,855.3
957.4
2,229.5
4,668.4
181.9
106.3
63.2
43.1

Equals: Personal s a v in g .............................................................................................................

184.7

174.9

174.3

-34.8

139.3

149.1

173.9

194.0

182.5

Personal saving as a percentage of disposable personal in c o m e ..........................................

2.4

2.1

2 .0

-.4

1 .8

1.9

2 .2

2.3

2 .2

7,562.2

7,729.9

8 ,0 1 0 .8

8,104.6

7,559.3

7,591.7

7,685.7

7,804.8

7,837.3

27,164
26,235
288,253

28,039
26,553
291,114

29,536
27,254
293,933

30,458
27,318
296,677

27,237
26,123
289,375

27,499
26,176
290,025

27,820
26,437
290,717

28,341
26,776
291,485

28,492
26,819
292,226

Addenda:
Disposable personal income:
Total, billions of chained (2000) dollars 2 ...............................................................................
Per capita:
Current dollars .................................................................................................................
Chained (2000) d o lla rs .....................................................................................................
Population (midperiod, thousands ) 3 ..........................................................................................
S e e fo o tn o te s a t th e e n d o f th e ta b le .

6 6 .8

T a b l e 2 — P e r s o n a l I n c o m e a n d I t s D i s p o s i t i o n ( Y e a r s a n d Q u a r t e r s ) — C o n tin u ed
[B illion s of dolla rs ]

Seasonally adjusted at annual rates
2004
II

1

2005
III

IV

1

10,048.8

Personal incom e .......................................................................................................

9,497.7

9,640.5

9,767.9

10,019.4

Compensation ot employees, received ..................................................................

6,525.4

6,611.7

6,714.6

6,809.4

Wage and salary disbursem ents ................................................... ...................
Private industries ............................................................................................
Goods-producmg industries ..........................................................................
Manufacturing..........................................................................................
Services-producing industries ...... ................................................................
Trade, transportation, and utilitie s.............................................................
Other services-producing industries ...........................................................
Government ...................................................................................................

5,279.9
4,350.1
1,026.0
673.6
3,324.2
878.5
2,445.7
929.8

5,349.6
4,409.1
1,043.2
683.0
3,365.9
894.2
2,471.7
940.5

5,433.1
4,488.3
1,062.9
697.1
3,425.4
907.8
2,517.6
944.8

5,505.8
4,553.8
1,071.4
698.1
3,482.4
916.3
2,566.1
952.1

Supplements to wages and salaries ..................................................................
Employer contributions for employee pension and insurance fu n d s ......................
Employer contributions for government social insurance .....................................

1,245.5
846.1
399.4

1,262.1
858.2
403.8

1,281.5
871.7
409.8

1,303.5
888.3
415.3

P roprietors' incom e w ith inventory valuation and capital consumption
adjustments ......................................................................................................
Farm ..................................................................................................................
N onfarm .............................................................................................................

877.5
38.1
839.4

910.2
39.5
870.6

915.1
32.9
882.2

941.5
34.3
907.3

II

2006
III

IV

I

II

10,483.7

10,647.5

10,812.9

10,161.5

10,262.7

6,889.6

6,953.7

7,093.6

7,184.4

7,315.3

7,426.6

5,555.7
4,587.3
1,078.9
696.9
3,508.4
918.2
2,590.3
968.4

5,601.3
4,627.6
1,087.5
697.3
3,540.0
930.4
2,609.7
973.7

5,715.2
4,734.6
1,113.9
709.7
3,620.7
945.5
2,675.2
980.6

5,787.0
4,798.9
1,124.9
715.0
3,673.9
954.9
2,719.0
988.1

5,890.9
4,892.8
1,144.4
726.0
3,748.4
965.7
2,782.7
998.1

5,982.4
4,976.3
1,159.7
733.2
3,816.6
979.6
2,837.0
1,006.1

1,333.9
909.8
424.1

1,352.4
924.7
427.7

1,378.4
942.1
436.3

1,397.4
956.1
441.3

1,424.4
971.6
452.8

1,444.2
985.3
458.9

952.8
33.9
918.9

965.8
28.7
937.1

967.3
29.7
937.7

996.8
28.7
968.1

1,008.3
23.9
984.4

1,017.3
19.5
997.8

Rental income of persons w ith capital consumption adjustment ..........................

140.1

132.0

112.7

123.4

118.5

1 0 2 .8

-11.5

81.5

76.8

6 8 .0

Personal incom e receipts on assets .....................................................................
Personal interest in c o m e .....................................................................................
Personal dividend incom e....................................................................................

1,366.1
892.8
473.4

1,389.8
889.0
500.8

1,415.7
889.1
526.6

1,539.8
892.3
647.5

1,464.3
912.3
552.0

1,500.5
934.8
565.7

1,532.7
951.2
581.5

1,580.2
981.7
598.5

1,602.3
989.1
613.2

1,649.9
1,021.4
628.5

Personal current transfer receipts .........................................................................
Government social benefits to persons .................................................................
Old-age, survivors, disability, and health insurance benefits................................
Government unemployment insurance benefits ..................................................
Other .............................................................................................................
Other current transfer receipts, from business (net) ...............................................

1,399.3
1,373.7
774.2
43.0
556.6
25.6

1,416.7
1,393.0
786.4
35.5
571.1
23.7

1,441.7
1,403.2
796.5
33.3
573.5
38.4

1,448.4
1,423.5
808.4
32.3
582.8
24.8

1,487.3
1,456.3
832.2
32.8
591.3
31.0

1,510.1
1,477.2
844.4
30.7
602.1
33.0

1,569.0
1,489.2
848.5
30.2
610.4
79.8

1,539.8
1,500.8
854.6
31.6
614.5
39.0

1,570.4
1,536.0
909.9
27.8
598.3
34.5

1,589.9
1,554.9
928.2
27.0
599.8
35.0

Less: C ontributions fo r governm ent social insurance ...........................................

810.8

819.8

831.8

843.1

863.6

871.5

888.5

898.9

925.6

938.9

Less: Personal current taxes ....................................................................................

1,016.0

1,033.4

1,061.6

1,088.2

1,157.9

1,191.8

1,215.0

1,247.6

1,326.0

1,373.2

Equals: Disposable personal incom e ........................................................................

8,481.6

8,607.1

8,706.3

8,931.2

8,890.9

8,969.7

9,047.7

9,236.1

9,321.5

9,439.7

Less: Personal outlays .............................................................................................

8,302.7

8,438.7

8,565.1

8,722.3

8,838.5

9,000.4

9,180.3

9,264.5

9,418.5

9,580.7

Personal consumption expenditures..........................................................................
Durable g o o d s ....................................................................................................
Nondurable g o o d s ...............................................................................................
S ervices.............................................................................................................
Personal interest payments 1 ...................................................................................
Personal current transfer payments ..........................................................................
To government ...................................................................................................
To the rest of the world (n e t)...............................................................................

8,018.0
971.5
2,284.7
4,761.8
177.3
107.4
64.7
42.7

8,148.1
976.2
2,327.6
4,844.2
181.1
109.5

8,414.8
1,006.4
2,412.7
4,995.7
196.2
68.9
42.4

8,519.7
1,013.1
2,450.2
5,056.4
199.8
119.0
69.9
49.0

8,674,6
1,042.3
2,508.6
5,123.7
208.5
117.3
71.3
46.0

8,847.3
1,057.3
2,584.9
5,205.1
214.6
118.5
72.7
45.8

8,927.8
1,019.6
2,613.5
5,294.7
214.9

43.3

8,265.0
990.9
2,355.5
4,918.6
189.3
110.7
67.6
43.2

74.2
47.6

9,079.2
1,064.1
2,658.2
5,356.8
218.5
120.9
75.7
45.2

9,228.3
1,060.8
2,722.9
5,444.6
227.7
124.7
77.3
47.3

Equals: Personal saving ...........................................................................................

178.9

168.3

141.2

208.9

52.5

-30.8

-132.6

-28.5

-97.0

-141.0

Personal saving as a percentage of disposable personal in c o m e .........................

2.1

2 .0

1 .6

2.3

.6

-.3

-1.5

-.3

7,912.4

7,958.8

8,013.3

6,158.8

8,076.6

8,085.8

8,074.1

28,962
27,018
292,853

29,322
27,113
293,539

29,583
27,228
294,301

30,271
27,654
295,037

30,073
27,319
295,643

30,273
27,290
296,289

30,461
27,183
297,027

Addenda:
Disposable personal income:
Total, billions of chained (2000) dollars 2 ..............................................................
Per capita:
Current dollars ................................................................................................
Chained (2000) dollars ....................................................................................
Population (midperiod, thousands) 3 ..........................................................................
1. C o n s i s t s o f n o n m o r t g a g e i n t e r e st p a i d b y h o u se h o l d s.

t ionalized

2. E q u a l s d i sp o sa b l e p e r so n a l i n c o m e d e f l a t e d b y t h e i m p l i ci t p r i c e d e f l a t o r f o r p e r so n a l c o n su m p t i o n e x p e n d i t u r e s.
3.

Po p u l a t i o n i s t h e t o t a l p o p u l a t i o n o f t h e U n i t e d

St a t e s,

6 6 .2

in cl u d in g t he Ar m e d

Fo r c e s o v e r se a s a n d

t h e i n st i t u -

populat ion.

The

1 1 1 .2

m ont hly

1 2 1 .8

1 .0

-1.5

8,183.3

8,217.4

8,237.5

31,020
27,484
297,748

31,245
27,544
298,340

31,573
27,552
298,983

e st i m a t e i s t h e a v e r a g e o f e st i m a t e s f o r t h e f i rst o f t h e

-

m ont h a n d

t h e f o l l o w i n g m o n t h ; t h e a n n u a l a n d q u a r t e r l y e st i m a t e s a r e a v e r a g e s o f t h e m o n t h l y e st i m a t e s.

t h e f i rst o f

T a b l e 3 . — P e r s o n a l I n c o m e a n d Its D i s p o s i t i o n , C h a n g e f r o m

P r e c e d in g P e r io d (M o n t h s )

[B illions o f dollars ]

Seasonally adjusted at annual rates
2003
Jan.

Feb.

Mar.

Apr.

May

June

2004
July

Aug.

Sep.

Oct.

Nov.

Dec.

Jan.

Feb.

Personal in c o m e ......................................................................................

2 2 .8

27.1

36.1

27.2

59.3

39.8

17.5

25.5

34.6

46.3

72.0

35.5

59.6

Com pensation of employees, re c e iv e d .................................................

2 0 .6

28.8

23.8

21.4

43.4

25.6

9.2

26.1

2 2 .0

43.2

43.1

-5.6

52.4

30.4

Wage and salary dis b u rs e m e n ts ......................................................
Private Industries............................................................................
Goods-producing induslnes .........................................................
Manufacturing ........................................................................
Services-producmg industnes......................................................
Trade, transportation, and utilities ............................................
Other services-producing industries .........................................
Government ...................................................................................

12.4

2 1 .2

35.2
31.4
5.3
4.2
26.2
3.0
23.2
3.8

19.8
13.1
1.3
.4

37.1
35.2
11.4
9.1
23.8
3.0
20.7
1.9

39.6
28.4
-5.0
-7.5
33.4
5.7
27.6

1 .0

36.3
32.7
14.4
10.5
18.3
9.7
8.7
3.6

25.2

20.5
5.4
3.0
15.0
4.7
10.4
.3

16.6
17.5
7.8
5.0
9.7

6.7

5.0
7.9
-7.9
-7.0
15.9
.5
15.3
-3.0

-8.4

16.5
.3
1.5
16.2
4.4
11.9
4.7

15.6
13.1
-3.3
-4.1
16.3
-1.7
18.0
2.5

2 0 .6

0

17.0
14.3

5.9
4.7
1.3

8 .0

5.7
2.4

5.9
4.1
1.7

4.2
3.8
.4

5.4
4.0
1.4

5.5
4.0
1.5

6.9
4.6
2.3

5.0
-.3
5.3

4.1
.4
3.7

9.8
.3
9.5

- .8

Supplements to wages and salaries ................................................
Employer contributions for employee pension and insurance fu n d s ....
Employer contributions for government social Insurance....................
P roprietors’ income w ith inventory valuation and capital consum ption
adjustments .....................................................................................
F a rm .................................................................................................
Nonfarm ............................................................................................

- 1 .6
-2.4
1.7
2 .8

- 1 .2
12.4

.2

- 1 .0
14.1
2 .6

11.5
2.7

1.4
6.7

7.6
5.7

4.8

2 .0

1 .8

6 .2

15.9

4.7
1.5

2.1

8 .2

- 2 .8
1.8

.6
1 1 .2

2.1

7.5
-

11.1

-4.7
-4.7
-6.4
- 6.1
-.1

2 2 .0

.5
-.8

21.5
4.4
17.1
3.2

2.7

1 1 .2
1 2 .8

3.6
2.5

2.7
3.6
-.9

8 .6

5.2
3.5
1.7

11.7
1.3
10.3

14.8
3.2
11.7

9.3
1.4
7.9

6.1

4.2

-.4

-4.5

5.7
2.3
3.3

13.8

8.4
1.3
7.1

1 .6

7.0
.7
6.3

Rental incom e of persons w ith capital consum ption a d ju s tm e n t.........

8.3

1 .0

-.7

-3.5

-3.1

-3.8

- 6 .6

- 6 .6

1.4

18.9

17.1

6.7

-15.0

-2.7

Personal income receipts on assets ....................................................
Personal interest incom e.....................................................................
Personal dividend inc om e...................................................................

-2.3

1.3

1.5

1 .2

3.2

3.3

.8

.6

.2

-.7
-4.7
4.0

8.4
-.4

1 0 .2

1.1

-3.1
-7.6
4.4

5.9

0

-1.3
-5.0
3.8

5.3
-5.4

6.9

8 .8

-3.8
14.1

7.3
8 .2

-11.4
- 10 .8

3.6
4.7

1.2

1.8

2 .8

2 .8

-4.3
-8.3

1.1

12.7
14.5
9.0
.5
5.0
-1.7

12.7
15.2
4.9
-5.2
15.5
- 2 .6

Personal current transfer receipts .......................................................
Government social benefits to persons ................................................
Old-age, survivors, disability, and health insurance b e n e fits ..............
Government unemployment insurance benefits .................................
Other .............................................................................................
Other current transfer receipts, from business (n e t)..............................

-.5
-.1

6 .8

1 1 .8

-

51.6

-2.4

.2

.7

3.0

3,2
.9
2.3

2 .6

3.1

7.1

2 .2

4.7
4.9

7.4

2.4

4.1
4.3

9.4

2 .6

1 0 .0

8 .0

3.8
-4.9
3.7
4.6

1.8

8.9
9.1
3.1
4.2

2 .6

6 .0

.1

1 .0

.9

.4
-.3

1 .8

.8
- .2

5.6
4.3
-.5

-2.9
9.9

- .2

-3.0
1.9
-.3

5.8
6.4
4.9
-1.5
3.1

-.6

- .6

.2

-

1 .8

.8

4.1
-.9

- .6

-

1 .0

- .2
2.1

-

1 0 .6
1 2 .6

14,4
11.1

-3.3
6.5
-1.7

Less: C ontributions for governm ent social in s u ra n c e ..........................

10.4

3.4

3.1

2.3

4.7

3.0

.8

2.7

2.7

4.5

4.8

-1.7

15.5

3.3

Less: Personal current taxes ...................................................................

-19.2

.4

.2

- 6 .2

6.7

7.2

-96.0

-45.2

114.1

6.7

7.3

.5

- 6 .8

4.9

Equals: Disposable personal in c o m e .......................................................

42.1

26.6

35.9

33.4

52.6

32.6

113.5

70.6

-79.4

39.6

64.6

35.1

66.4

46.7

Less: Personal o u tla y s .............................................................................

14.3

10.1

58.1

1 1 .8

24.6

51.1

51.3

98.2

-17.2

11.9

56.1

17.6

90.4

26.2

Personal consumption expenditures ........................................................
Durable goods ...................................................................................
Nondurable goods ..............................................................................
Services ............................................................................................
Personal Interest payments 1 ...................................................................
Personal current transfer payments .........................................................
To government ..................................................................................
To the rest of the world (net) ..............................................................

2 0 .8

10.7
-27.4
21.7
16.3
-.9
.3
.3

56.7
14.5
28.0
14.4
.9
.4
.4

7.7
21.3
-30.2
16.4
3.2

2 2 .0

49.6
7.3
32.2

54.5

97.6
30.2
42.2
25.2

-17.2
-29.4

8 .6

- 2 2 .0
18.3
24.5
-4.5
- 2 .0
-.5
-1.5

-4.8

-.4
.5
.5

16.8
-10.9
-3.5
31.2
.4
.5
.5

92.4
4.3
39.0
48.6
- 2 .2

28.2
10.4
-2.5

.1

56.2
16.5
15.0
24.7
-.7
.5
.5

Equals: Personal saving ..........................................................................

27.7

16.5

- 2 2 .2

2 1 .6

28.0

-18.5

62.2

-27.6

-62.2

Addendum:
Real disposable personal Income, billions of chained (2000) dollars 2 ........

23.3

-10.5

4.3

49.3

56.6

2 2 .6

89.6

41.7

-96.3

Se e f o o t n o t e s a t t h e e n d o f t h e t ab l e .

0

0

1 .0

.3
.7

2.4
-15.0
34.8
2.1

.4
.4
0

1 0 .0
1 .2

.4
.4
0

11.1

16.1
27.3
- 1 .2
-1.9
.4
-2.3

.4
.4
0

2.1
10.1

0

-

1 1.6

25.0
- 2 .2
5.5
.4
5.1

.1

.5
-.4

2 0 .2

-2.5
.5
.5

0

0

27.7

8 .6

17.4

-24.0

20.5

35.7

63.5

14.0

30.4

16.6

0

T a b le 3 .— P e r s o n a l In c o m e a n d Its D is p o s it io n , C h a n g e f r o m

P r e c e d in g

P e r i o d ( M o n t h s ) — C o n tin u e d

[B illion s of dolla rs ]

Seasonally adjusted at annual rates
2004
Mar.

Apr.

May

June

July

2005
Aug.

Sep.

Nov.

Oct.

Dec.

Jan.

Feb.

Mar.

Apr.

Personal In c o m e .............................................................

44.0

47.6

62.5

2 1 .2

54.9

49.3

14.0

91.4

29.1

344.7

-240.0

32.5

24.9

Compensation of employees, received .......................

23.7

30.9

43.0

2 .2

56.7

29.1

33.1

47.4

9.0

28.7

42.7

17.1

1 2 .0

31.9

Wage and salary d is bu rs em en ts .............................
Private industries...................................................
Goods-producing indu stries ................................
Manufacturing ...............................................
Services-producing industries.............................
Trade, transportation, and utilities ...................
Other services-producing industries ................
Governm ent..........................................................

19.0
13.7
2.4
-1.4
11.3
4.1
7.2
5.3

25.1
17.3

-1.9
-3.3
-1.5
- 1.6
- 1.8
-.7
- 1.1
1.4

49.0
47.4

26.4
24.1
3.8
1.9
20.4
6.4
13.9
2.3

3.0

25.8
13.1
2.5

2 .8

-.4
3.2
1.9

1 2 .6

8 .8

12.7

-3.2
4.5
1.5
3.0
1.4

25.9
23.7
4.0
1.3
19.7
10.7
9.0

.8

10.4
7.5
1.5
- 1 .8
5.9
-1.3
7.3
3.0

5.9
4.4

32.8
3.5
29.4
3.2

21.3
20.5
6.9
3.3
13.6

28.5
1.7

22.4
19.4
6.9
4.9
12.5
1.9
10.5
2.9

38.5
35.3
2.4

7.8

36.2
39.4
14.1
11.4
25.3
5.5
19.8
-3.2

Supplements to wages and salaries .......................
Employer contributions for employee pension and
insurance funds ................................................
Employer contributions for government social
insurance..........................................................

4.7

5.8

6.7

4.2

7.7

6.7

6 .8

8 .8

5.9

7.5

16.9

6 .6

6 .2

6 .0

4.4

4.9

5.0

6 .0

5.4

5.8

10.3

5.7

5.5

4.2

1 .8

1.7

2.9

.5

1.7

6.7

.9

.6

1.9

6.5

9.6
-.3
9.8

-.7

1.7

6.7
-1.3

Proprietors’ Income w ith inventory valuation and
capital consumption adjustments ...........................
F a rm ........................................................................
Nonfarm ..................................................................
Rental Income of persons w ith capital consum ption
a d ju s tm e n t..............................................................

6 .6

3.5
10.7
8.1
2 .6

10.1

7.5
37.2
8 .8

-.6

3.7

4.5

3.9

4.3

1 .0

1.3

2.9

-.3

3.4

16.8

9.2

10.4

1 .0

.8

15.8

8.4

10.7

6.7
-.9
7.5

-3.7
3.7

-1.7
- 2 .6
.9

-5.6
-1.7
-4.0

23.2
3.5
19.8

- .2

-2.7

-3.1

-2.4

2.1

-.9

- 6 .2

-36.2

38.6

Personal income receipts on assets ...........................
Personal interest incom e............................................
Personal dividend incom e ..........................................

5.3
-4.8

8.4
.3

9.9

10.4

6 .8

6 .0

9.1

.8

1.2

9.1
.4

1.2

1 0 .2

8 .0

9.1

9.1

8 .8

8 .0

-1.9
7.8

Personal current transfer receipts ..............................
Government social benefits to pe rsons.......................
Old-age, survivors, disability, and health insurance
benefits............................................................
Government unemployment insurance be nefits ........
Other ...................................................................
Other current transfer receipts, from business (n e t) .....

3.0
3.9

5.2
5.4

7.0
7.6

3.9
4.2

-3.3
-3.1

24.9
9.9

3.1

3.4
1.7
2.3
-.5

3.6
-1.5

3.0
- 2 .0
-4.0

3.7

1 .0

3.0
-4.4
6.9
-.3

-.3

2.1

2.9

5.5

- .2

Less: C ontributions for governm ent social insurance

^ .0

4.9
-

-

0

2.1

1.1

- 1 .6
-3.6

1 .0

-.1

6.7

1.7

2.1

.6

-1.5

2.5

8 .0

-3.3
3.9

.8

- .8

1 .8

.1

-3.0

-4.0

-7.7

-291.8
8.9
-300.7

7.8

8 .6

307.7
5.5
302.2

8.7
5.5
3.3

13.9
7.5
6.5

20.3
4.3

-21.4
8.9

7.3
6.4

4.2

11.3
9.6

2 .8

2 .8

25.2
21.9

14.1
14.0

4.6

1.2

.1

4.6
- 2.1

11.3
4.6

3.9
-30.4

1 .8

.1

-.2

3.4
-3.5
4.4
16.2

3.8

4.0
14.9

.8

1.5

3.3

-3.6
1.3
1.7

6 .8

3.4

3.8

5.5

1.3

3.6

15.7

2 .2

2 .2

.6

1 .6

-

1 0 .6

0

9.2
3.7
5.5

-

-

.1

48.7

6.1

6 .6
1.1

1.5

11 .8

-

.2

6 .0

1 .0

-.3

2.5
1.3

8 .2

1.5

3.9

.1

Less: Personal current taxes ..........................................

4.5

5.8

8 .8

3.2

14.2

8 .6

9.6

1 1 .2

5.2

7.9

55.6

6.9

7.6

19.1

Equals: Disposable personal in c o m e ..............................

39.6

41.7

53.6

18.1

40.7

40.7

4.5

80.1

23.9

336.B

-295.6

25.7

17.2

29.7

Less: Personal o u tla y s ....................................................

62.9

20.3

113.5

-31.9

77.0

14.0

70.4

60.0

41.7

53.2

15.4

52.4

49.5

8 6 .8

Personal consumption expenditures ...............................
Durable goods ..........................................................
Nondurable goods ....................................................
Services ..................................................................
Personal interest payments 1 .........................................
Personal current transfer payments ................................
To government .........................................................
To the rest of ine world (net) ....................................

64.6

16.1
-13.0
-13.3
42.4
3.1

109.9
31.6
41.4
36.9
3.1
.5
.5

-35.2
-44.9
- 2 .6
12.3
2.9
.5
.4

74.0
34.0
7.9
32.1

1 0 .8

67.6
30.9

57.9
-9.0
36.8
30.2
2.4
-.4
.5

39.2

51.2
23.0
5.8
22.3
1.7
.4
.4

7.4
-16.6

48.3
13.1
5.0
30.1

85.4
32.3
51.4

11.5

51.3
4.2
26.6
20.4

1 .0

.8

.8

7.0
.3

.4
.3

.4
.5

4.0
- 2 .6
.4
-3.0

1 2 .2

45.6
6.9
- 2 .2
.5
.5
0

1.1

.5
.6

0

0

2 .6

.3
.5
-.1

-15.3
.4
25.7
2.7
.5
.5
0

2 2 .6

14.0
2.5
.4
.4
0

- .8

2.1

4.9
32.3
2 .0

.4
.4
0

0

1 2 .6

6 .6

0

0

Equals: Personal saving .................................................

-23.3

21.4

-59.9

49.9

-36.3

26.9

- 6 6 .1

2 0 .2

-17.8

283.6

-311.0

-26.8

-32.2

Addendum:
Real disposable personal income, billions of chained
(2 0 0 0 ) dollars 2 .........................................................

9.2

25.9

15.1

-3.6

33.1

30.8

-5.4

33.3

4.6

307.4

-281.5

-.4

- 20 .1

S e e fo o tn o te s a t th e en d o f th e ta b le .

1.8

-57.2

-

1.2

T a b l e 3 . — P e r s o n a l I n c o m e a n d It s D i s p o s i t i o n , C h a n g e f r o m

P r e c e d in g

P e r i o d ( M o n t h s ) — C o n tin u e d

[B illion s of dolla rs ]

Seasonally adjusted at annual rates
2005
May
Personal in c o m e ...............................................

June

July

Aug.

2006
Sep.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June?

27.8

53.8

81.7

-184.8

292.6

56.5

19.8

53.7

86.3

31.8

41.6

77.1

41.7

Compensation of employees, received .......................

11.3

32.8

84.9

23.5

41.0

40.9

3.5

37.5

71.5

35.8

28.0

62.7

4.5

45.1

Wage and salary dis b u rs e m e n ts ..............................
Private industries.................................................
Goods-producing industries................................
M anufacturing...............................................
Services-producing industries..............................
Trade, transportation, and utilities ...................
Other services-producing industries ................
Governm ent..................................................

5.6
4.4
3.3

72.7
70.2
15.4
7.8
54.7

34.6
33.0
8.9
9.3
24.2
4.0

56.4
51.7
13.9

29.8
26.4
4.1

22.4
20.7
2.3

53.6
50.9
8.3
4.9
42 6

.4
-1 3
2.9

38 3
34 fi

42.0
2.5

2 .6

32.9
29.3
.4
- 2.1
28.8
3.0
25.9
3.7

30.7
28.4
5.1

1 2 .8

16.8
14.1
8.7
5.0
5.4
-1.3

-.8

-.3
1.4
1.3

25.7
24.3
5.8
1.9
18.6
3.5
15.1
1.4

5.7

7.1

1 2 .2

6 .8

8 .0

4.9

5.3

6.7

5.5

5.9

.7

1.8

5.5

1.3

2.1

3.8
-.9
4.7

14.7

5.0

-.1

2.1

14.9

2 .8

-56.4
- 2 .2
-54.2

67.0

.1

Rental incom e of persons w ith capital consum ption
a d ju s tm e n t........................................................

-4.5

-3.9

-2.4

-309.4

295.4

Personal income receipts on assets ...........................
Personal interest incom e............................................
Personal dividend inc om e.....................................

13.8
9.0
4.7

14.1
9.2
4.8

9.1
3.7
5.6

9.1
3.6
5.5

9.1
3.6
5.4

Personal current transfer receipts ..............................
Government social benefits to pe rs on s .......................
Old-age, survivors, disability, and health insurance
benefits.............................................................
Government unemployment insurance be ne fits ........
Other ................................................
Other current transfer receipts, from business (n e t).....

4.7
4.2

-4.2
-4.7

151.0

-117.4

-.5

2 2 .2

1.9
1.4
.9
.5

2.4
-2.7
.5

.9
1.3
-6.9
.5

128.8

Less: C ontributions for governm ent social insurance

1.5

3.8

10.7

2 .6

Supplements to wages and salaries .......................
Employer contributions for employee pension and
insurance funds ................................................
Employer contributions for government social
insurance.........................................................
P roprietors' income w ith inventory valuation and
capital consum ption adjustments ............................
F a rm ................................................................
Nonlarm ...........................................................

Less: Personal current taxes ..........................................
Equals: Disposable personal in c o m e ............................
Less: Personal o u tla y s ........................................
Personal consumption expenditures .....................
Durable goods ...................................................
Nondurable goods .....................................................
Services ............................................
Personal interest payments 1 .........................................
Personal current transfer payments ................................
i o government ........ .......................................
To the rest ol the world (net) ..............................

1 .8
1.1

0

-.2

66.5

20.1

-3.6
-4.0
-7.3
.4
3.8
-3.4

1.6

2 .8

23.3
3.8
19.5
2.3

2 .8

2 .6

6 .2

4.3

6.9

15.1

6 .0

5.6

9.1

4.1

6.9

3.4

4.7

4.9

6.5

4.2

4.1

5.3

4.2

4.4

2.9

-.5

2 .0

8 .6

1 .8

1 .6

3.7

-.1

2.5

1 .0

1.9
-.5
2.4

6 .0

5.2
-3.5

-.9
-.7

6 .8

- .6

6.5

-.4
- 2 .0

8 .8

-.2

- 2 .2

3.8

-3.4

-2.5

- 2.1

.5

^f.O

-4.1

-5.1

19.5
13.7
5.8

19.0
13.3
5.7

18.8
13.1
5.7

1.7
-2.9
4.6

1.3
-2.9
4.2

1 .8

2 2 .6

-2.9
4.8

17.6
4.9

23.1
17.6
5.5

24.0
176
6.4

5.0
1.7

-8.5

-1.3
-1.3

30.3
31.4

2.4
2.4

7.6
7.4

4.0
3.7

1 1 .0

7.0

2 .6

10.9

6 .8

1 .0

1.1

2 .0

.6

-1.3

7.1

- 1 .2
-5.3

0

79
o

-.2

1.2

3

1 2 0 .0

-3.8
5.1
-10.7

2.9
-.4

2 .8

4.9
-5.3
3.3

7.6

.1

.1

41.3
-1.5
-8.4
- 1.1

8.9

2 1 .2

7.9
-.4
-8.9

,1

.1

.2

.2

.2

4.6

5.4

-.3

4.0

19.9

4.8

3.1

7.8

.2

5.1

6 .6

69.0
2 .0

-

-

1.1

1 .8

2 .0

1 0 .0

2 .6

37.8
35.0
4.7

22.3
4.7
17.6
3.4

18.4
3 1
15.2
1.7

2 .8

1.1

-.7
7.5

100

32.8

1.6

0

-5,2
-3 J
- 2 .2

7.5
-2.3
9.8

0
8

6 6
12
1

?R

7 1

209
3.7

.6

-5
1.1

12

6.9

8.4

7.4

6.4

1 0 .8

12.1

8.7

16.4

51.3

13.9

11.7

25.6

7.1

13.3

20.7

45.5

74.3

-191.2

281.9

44.4

1 1 .0

37.3

35.0

17.9

29.9

51.5

34.6

53.2

-5.2

84.6

110.5

-7.1

58.4

31.2

5.0

39.4

78.8

47.3

47.1

64.7

55.6

39.6

-9.8
-42.8
-12.5
45.5
3.9
.5
.5

80.2
46.1
, 9.4
24.7
4.0
.5
.5

109.1
55.9
29.9
23.4

-8.4
-72.1
36.6
26.9
.9
.5
.5

57.0
-28.0
59.8
25.3

29.1
-18.1
15.1
32.1
-.3
2.3
.5

4.8
26 8
-57.9
36.0

39.1
15.8

44.8
-14.1
- 1.2
60.1
1.9
.5
.5

44.6

58.4
-2.5
39.6

51.4
-7.0
23.3
35.1

35 4
3.1
9.8
22 5

0

0

1.2
.2

.4
- .2

Equals: Personal saving .......................................

26.0

-39.1

-36.2

Addendum:
Real disposable personal Income, billions of chained
(2 0 0 0 ) dollars 2 .........................................................

15.7

39.9

33.9

0

.8

.5
.5
0

1.8

-184.1

223.4

13.3

-204.6 J

176.6

2 1 .0

p Pr e l i m i n a r y .
1. C o n si st s o f n o n m o r t g a g e i n t e r e st p a i d b y h o u se h o l d s.
2 . Eq u a l s d i sp o sa b l e p e r so n a l i n c o m e d e f l a t e d b y t h e i m p l i ci t p r i c e d e f l a t o r f o r p e r so n a l c o n su m p t i o n e x p e n d i t u r e s.

0

0

78.9
30.7
61.6
-13.4
1.9
-1.9
.5
-2.4

6 .0

- 2 .0

-43.9

-29.4

-17.1

-13.4

-20.9

13.6

40.9

34.7

-8.4

9.8

-2.3

7.8

-.3

32.1

-.2

.5
.5

- .1

23.3
-.2

.5
.5

0

1 1 .2
1 0 .0

23.5
19
.5
6
0

2 1 .2

37
2.7
5

16

2.1

0

17

5

6
0

T a b le 4 — P e r s o n a l In c o m e a n d Its D is p o s it io n , C h a n g e f r o m

P r e c e d in g P e r io d (Y e a r s a n d Q u a r te r s )

¡B illions of dollars ]

Seasonally adjusted at annual rates
2002

2003

2004

2005

2003
I

II

III

IV

Personal In c o m e .........................................................................................................

157.8

281.7

567.8

Compensation of employees, re c e iv e d ...................................................................

149.1

219.2

354.9

365.0

57.6

84.4

65.4

93.5

38.1
-11.9
-33.6
-33.3

131.8
93.3
- 2 .8
- 6 .6
96.2
15.2
81.0
38.5

279.4
242.0
42.9
19.1
199.1
40.9
158.2
37.4

272.7
236.8
50.5
16.7
186.3
38.0
148.2
35.9

36.5
18.1

64.1
53.4
.9
-1.4
52.5
3.7
48.8
10.7

49.2
46.6
.9
- 1 .6
45.7
5.8
40.0

76.1
71.0
27.4
19.3
43.5

87.4
70.5
16.9

75.5
50.5
25.0

92.3
67.1
25.2

2 1.1

20.3
15.0
5.4

16.3
12.4
3.8

17.3

8 .6

P roprietors' income w ith inventory valuation and capital consum ption adjustments
F a rm ....................................................................................................................
N onfarm ........................................................................................Z Z . 1 . Z Z Z I

-3.5
-9.1
5.6

42.9
18.6
24.3

99.8
7.0
92.8

59.6
- 6 .0
65.5

1 .0

3.4
-2.3

22.5
8.7
13.8

21.9
20.3

17.3
.4
16.8
31.3

Wage and salary disbursem ents .........................................................................
Private industries..............................................................................................
Goods-producmg mduslnes ...........................................................................
Manufacturing ..........................................................................................
Services-produclng industries.........................................................................
Trade, transportation, and utilities ..............................................................
Other services-producing industries............................................................ .
G overnm ent.....................................................................................................
Supplements to wages and s a la r ie s ...................................................................
Employer contributions for employee pension and Insurance funds ...................... .
Employer contributions for government social insurance .......................................

2 1 .6

-1.5
23.1
50.0
1 1 1 .0

102.4

507.8

72.7

0

- 1 .2
18.1
7.5
1 0 .6

18.4
11.9
9.1

113.1

92.3

137.7

1 2 .6

30.9
5.1

2 .6

1 2 .2

5.1

1 .6

Rental incom e of persons w ith capital consumption adjustment ............................

-14.5

-19.9

- 6 .0

-54.2

8 .2

-6.9

-14.2

Personal income receipts on assets ........................................................................
Personal interest inc om e........................................................................................
Personal dividend income ......................................................................................

-46.8
-74.9
28.2

3.4

91.5
54.2
37.3

.6

5.8

25.4

91.3
-23.3
114.5

4.6
-5.0
9.6

Personal current transfer re c e ip ts ...........................................................................
Government social benefits to persons ...................................................................
Old-age, survivors, disability, and health insurance benefits ..................................
Government unemployment insurance be nefits ....................................................
Other ................................................................................................................
Other current transfer receipts, from business (n e t)..................................................

92.3
105.0
39.0
21.5
44.5
-12.7

64.8
67.8
33.8
-.4
34.3
-3.0

75.5
81.7
50.1
-16.8
48.5
- 6 .2

1 0 0 .1

82.5
53.5
-4.7
33.6
17.6

- 2 .2
6.5
3.5

Less: C ontributions for governm ent social insurance .............................................

18.9

28.6

47.8

54.2

14.5

9.6

7.1

9.8

Less: Personal current ta x e s .......................................................................................

-185.5

-50.7

48.7

153.3

- 2 1 .1

1 .0

-81.1

72.8

-

2 2 .0

1.3

- .1

-.6

5.9

19.9
16.3

17.0
17.8
9.3
3.7
4.8

12 .0

- .8

21.5
23.3
6.7
-.3
16.8
-1.7

3.6
-

1 2 .2

15.8
2.1

4.8
9.2
-2.9
-1.4
-2.7

Equals: Disposable personal in c o m e ...........................................................................

343.3

332.4

519.1

354.5

93.8

112 .1

173.4

65.0

Less: Personal outlays ................................................................................................

290.8

342.4

519.5

563.7

84.0

87.3

153.3

76.5

Personal consumption expenditures.............................................................................
Durable goods .......................................................................................................
Nondurable goods .................................................................................................
S ervices........................................................................................................
Personal interest payments 1 ..................................................................................... .
Personal current transfer payments .............................................................................
To governm ent.......................................................................................................
To the rest of the world (net) ..................................................................................

295.7
40.2
62.5
192.9
-15.8

352.9
18.8

507.9
43.6
155.0
309.3
3.5

530.9
46.8
194.1
289.9
23.4
9.5
5.2
4.2

95.0

80.3
25.8
-3.6
57.9
5.3

154.2
27.1
61.4
65.8

Equals: Personal s a v in g ...............................................................................................

52.4

-9.8

-.6

-209.1

Addendum:
Real disposable personal income, billions of chained (2000) dollars 2 .............................

228.9

167.7

280.9

93.8

Se a f o o t n o t e s a t t h e e n d o f t h e t ab l e .

1 1 .0

4.0
7.0

1 1 0 .6

223.6
-13.9
3.3
3.1
.2

8 .2

5.5
2.7

-

1.1

1 .2

-1.5

.7

-2.3

72.7
-7 .0
12.7
67.0
-2.7
6.5
1.4
5.1

9.8

24.8

20.1

-11.5

32.4

94.0

119.1

32.5

1 0 .0

49.3
55.9
-9.7
-1.4
.1

1.8

.2

-

1.1

P r e c e d i n g P e r i o d ( Y e a r s a n d Q u a r t e r s } — C o n tin u e d

T a b le 4 — P e r s o n a l In c o m e a n d Its D is p o s it io n , C h a n g e f r o m

[B illion s of dollars ]

Seasonally adjusted at annual rates
2004

2005

2006

II

in

IV

I

II

III

IV

Personal incom e .........................................................................................................................

156.4

142.8

127.4

251.5

29.4

112.7

1 0 1 .2

2 2 1 .0

163.8

165.4

Compensation of employees, re c e iv e d ....................................................................................

91.1

66.3

102.9

94.8

80.2

64.1

139.9

90.8

130.9

111.3

Wage and salary disbursem ents .........................................................................................
Private industries ...............................................................................................................
Goods-producing industries ............................................................................................
Manufacturing............................................................................................................
Services-producmg industnes .........................................................................................
Trade, transportation, and utilities ...............................................................................
Other services-producing industries.............................................................................
Government ......................................................................................................................

69.5
51.9
-3.1
- 8 .6
55.2
6.9
48.2
17.6

69.7
59.0
17.2
9.4
41.7
15.7
26.0
10.7

83.5
79.2
19.7
14.1
59.5
13.6
45.9
4.3

72.7
65.5
8.5

49.9
33.5
7.5
- 1.2
26.0
1.9
24.2
16.3

45.6
40.3

113.9
107.0
26.4
12.4
80.7
15.1
65.5
6.9

71.8
B4.3

103.9
93.9
19.5

Supplements to wages and salaries ....................................................................................
Employer contributions for employee pension and insurance fu n d s .......................................
Employer contributions for government social insurance .......................................................

2 1 .6

16.6

11.4

12.1

19.4
13.5

30.4
21.5

26.0
17.4

1 0 .2

4.4

6 .0

18.5
14.9
3.5

Proprietors' incom e w ith inventory valuation and capital consum ption a d ju s tm e n ts ..............
Farm ........... ,.......................................................................................................................
N onfarm ................................................................................................................................

36.7
5.6
31.1

32.7
1.4
31.2

4.9

1.5

Rental incom e of persons w ith capital consum ption adjustm ent ............................................

-7.5

Personal incom e receipts on assets .......................................................................................
Personal interest in c o m e ........................................................................................................
Personal dividend income ......................................................................................................

1

1.0

57.0
8.5
48.5
7.3
2 2 .0

16.6
5.5

8 .8

8 .6

.4
31.6
1 2 .2

19.4
5.3

8 .6

11 .0

5.3
53.2
9.4
43.8
7.5

I

II

1 1 .0

91.5
83.5
15.3
7.2

74.5

6 8 .2

1 0 .8

13.9
54.3

63.7
1 0 .0

8 .0

19.0
14.0
5.0

27.0
15.5
11.5

19.8
13.7

29.5
- 1.0
30.4

11.5
-4.8
16.3

9.0
-4.4
13.4

6.1

11.3
-.4

1 1 .6

26.4
1.4
25.1

1 1.6

13.0
-5.2
18.2

- 8.1

-19.3

10.7

-4.9

-15.7

-114.3

93.0

-4.7

- 8 .8

23.0
-9.6
32.7

23.7
-3.8
27.4

25.9

124.1
3.2
120.9

-75.5

36.2
22.5
13.7

32.2
16.4
15.8

47.5
30.5
17.0

2 2 .1

47.6
32.3
15.3

Personal current transfer re c e ip ts ...........................................................................................
Government social benefits to persons ...................................................................................
Old-age, survivors, disability, and health insurance benefits .................................................
Government unemployment insurance benefits ....................................................................
Other ................................................................................................................................
Other current transfer receipts, from business (net) .................................................................

31.7
37.3
20.3
-8.4
25.5
-5.6

17.4
19.3

25.0

30.6
35.2
55.3
-3 .8
-16.2
-4 .5

Less: C ontributions fo r governm ent social insurance .............................................................

18.9

9.0

1 2 .0

11.3

20.5

7.9

17.0

10.4

26.7

13.3

Less: Personal current taxes ......................................................................................................

.6

17.4

28.2

26.6

69.7

33.9

23.2

32.6

78.4

47.2

-

6 .6

.1

25.8
1 0 .2

12 .2

10.1

-7.5
14.5
-1.9

- 2 .2
2.4
14.7

6.7
20.3
11.9

-1.0

9.3
-13.6

2 0 .0

-95.5
38.9
32.8
23.8
.5
8.5
6 .2

1 .0
.6

2 2 .8

58.9

-29.2

20.9

12 .0

1 1.6

1 2 .2

4.1
-.5
8.3
46.8

1.4
4.1
-40.8

- 2.1
1 0 .8
2 .0

6.1

7.4
14.7

19.5
18.9
18.3
-. 8

1.5
.5

Equals: Disposable personal incom e ..........................................................................................

155.6

125.5

99.2

224.9

-40.3

78.8

78.0

188.4

85.4

118.2

Less: Personal outlays ................................................................................................................

159.2

136.0

126.4

157.2

116.2

161.9

179.9

84.2

154.0

162.2

Personal consumption expenditures............................................................................................
Durable g o o d s ............................................................................................................. .........
Nondurable g o o d s .................................................................................................................
S ervices..................................................... ..........................................................................
Personal interest payments 1 ......................................................................................................
Personal current transfer payments ............................................................................................
To governm ent......................................................................................................................
To the rest of the world (n e t).................................................................................................

162.7
14.1
55.2
93.4
-4.6

130.1
4.7
43.1
82.4
3.8

116.9
14.7
27.7
74.4

149.8
15.5
57.2
77.1
6.9
.5
1.3

104.9
6.7
37.5
60.7
3.6
7.8

172.7
15.0
76.3
81.4

80.5
-37.7
28.6
89.6
.3
3.3
1.5

149.1
-3.3
64.7
87.8
9.2
3.8

Equals: Personal saving ..............................................................................................................

-3.6

Addendum:
Real disposable personal income, billions of chained (2000) dollars 2 ...........................................

75.1

1. C o n si st s o f n o n m o r t g a g e i n t e r e st p a i d b y h o u se h o l d s.
2. Eq u a l s d i sp o sa b l e p e r so n a l i n c o m e d e f l a t e d b y t h e i m p l i ci t p r i c e d e f l a t o r f o r p e r so n a l c o n su m p t i o n e x p e n d i t u r e s.

.6

-.1

-. 6

6 .6

154.9
29.2
58.4
67.3
8.7
-1.7
1.4
-3.0

1 0 .6

-27.1

67.7

-156.4

-83.3

46.4

54.5

145.5

-82.2

9.2

8 .2

1.1

2.1

1.2

1.5
-.4

1.5

1.4

-

1.0

- .2

1 .8

151.4
44.5
44.7
62.1
3.6
-.9
1.5
-2.4

1 0 1 .8

104.1

-88.5

-44.0

-11.7

109.2

34.1

20.1

6.1
1.2

1.4
-

1 .6
2.1

T a b le 5 .— P e r s o n a l In c o m e a n d Ils D is p o s itio n , P e r c e n t C h a n g e fr o m

P r e c e d in g

P e r io d (M o n th s )

Seasonally adjusted at monthly rates
2003
Jan.

Feb.

Apr.

Mar.

May

June

2004
Aug.

July

Sep.

Nov.

Oct.

Dec.

Jan.

Feb.

Based on current-dollar measures
Personal incom e ............................................................
Compensation of employees, received...........................
Wage and salary disbursem ents................................
Supplements to wages and salaries ..........................
Proprietors' Income with inventory valuation and capital
consumption adjustments .........................................
Rental income of persons with capital consumption
adjustment ...............................................................
Personal income receipts on assets ..............................
Personal interest income ..........................................
Personal dividend incom e.........................................
Personal current transfer receipts..................................

0.3
.3
.2

.7
-.1

0.3
.3
.3
.5

.6

0.7
.7
.7
.7

0.4
.4
.4
.5

0 .2
.1
.1

.4

0.3
.4
.4
.5

0.4
.3
.3
.5

0.5
.7
.7

0 .8

.7
.7
.5

.6

0.4

0 .6

-.1

.8

- .2

.8

.2

1 .0

0.5
.5
.5
.4

.7

.8

2 .0

1 .0

.6

.5

1.2

.1

.8

1.4

1.7

1.1

.7

-.5

-2.5

-2.3

-3.0

-5.2

-5.5

1.2

16.5

1 2 .8

4.5

-9.5

-.1

-.2

-.1

-1.9
.4

-.5
.9
.4

- .8

-.5
.9

-.2
0
- .6

.1

.1

.1

.2

.2

.1

.1

- .2

.1

.1

0

.5

.2

.7

.2

1.4
-

0.4
.4
.3

-.4

6.4

Less: Contributions for government social insurance.......
Less: Personal current t a x e s ..........................................

0.3
.5
.4
.7

.4

.4
0

1 .8

0

.4

0

1.6

2 .0

.3

.9

.8

-.4
3.1
.9

-.6

.6

.3

.7

.3

.6

.4

.1

.4

.3

.6

.6

- .2

1.9

.4

.7

.7

-9.3

-4.8

1 2 .8

.7

.7

0

-.7

.5

.7

.4

1.4

.9

-

.5

.8

.8

.6

.4

.7
.5

1 .0

.5

- .8

Equals: Disposable personal Income .............................

.5

.3

Addenda:
Personal consumption expenditures ...............................
Durable goods .........................................................
Nondurable goods ....................................................
S erv ic es ..................................................................

.3
-2.3
.9

.3

.1

.3

.7

.7

.1

1.6

.8

1.2

-3.0

.7

.4

-.7
.3

1.5

.6

1.3
.3

2.3
-1.4
.4

.2

1 .0

1.3
3.2
1.9

- .2

-3.0

.2

.6

.6

.2

-.5
-.5
.5

.7
1.7
.7
.5

.5

.8

.1

.6

-.1

.6

- .6

.4

.2
0

.7
.3

1 .0

.1

.4
.2

1 .2

-.2

.5
1.7

-h

2.3
.9

.4
1.1
-.1

.7

1 .0

.4

.2

.4

.2

Based on chained (2000) dollar measures
Real disposable personal inc om e ..................................

.3

-.1

.1

.7

.6

.3

.5

1 .2

-

1.2

Seasonally adjusted at monthly rates
2004
Mar.

Apr.

May

June

July

2005
Aug.

Sep.

Oct.

Nov.

Jan.

Dec.

Feb.

Mar.

Apr.

Based on current-dollar measures
Personal incom e ............................................................
Compensation of employees, received...........................
Wage and salary disbursem ents................................
Supplements to wages and salaries ..........................
Proprietors’ income with inventory valuation and capital
consumption adjustments .........................................
Rental income of persons with capital consumption
ad justm ent...............................................................
Personal income receipts on assets ..............................
Personal interest in c o m e ..........................................
Personal dividend incom e .........................................
Personal current transfer receipts..................................

0.5
.4
.4
.4

0.5
.5
.5
.5

0.7
.7
.7
.5

0 .2

1.9

1 .0

1.2

.7

- 2 .0
.4
-.5

- 2 .2
.6
0

-

1 .8

0
0

.3

-

1.6

.7

.7

.1

.1

1.8

1.8

.7

0.5
.4
.4
.5

0.1

0

-.2

- .6

-.7

-4.8
.5

0 .6

.9
.9
.6

.6

.5
.5
.5

-29.5
.4

0.9
.7
.7
.7

0.3
.1

3.5
.4
.4

.5

.6

2 .6

.7

1.0

44.7

-1.3

.1

-2.3

0.3

0 .2

.6

.2

.2

.5
1.3

.2

.1

.5

.5

0.5
.5
.5
.5

-.1

.2

.7

.1

.1

-2.4
.5
.7

-3.3

- 6 .8
.9

.6

.8

.6

1.2

.6

.6

-1.5
21.4

-16.7

.1

.4

.6

1.0

1 .6

1.0

-35.3
1.7

.2

.5

55.1
.3

.8

.2

.9

.1

.4

1.8

.3

.2

.4

0

-.1

- .2

1.7

1 .6

- .2

1.8

1.5
1.4

-1.5

.8

.4

.4

.7

.6

.2

1.7
.4

Less: Contributions for government social insurance.......

.3

.4

Less: Personal current t a x e s .........................................

.4

.6

.9

.3

1.4

.8

.9

1 .0

.5

.7

5.1

.6

.7

1 .6

Equals: D isposable personal Income .............................

.5

.5

.6

.2

.5

.5

.1

.9

.3

3.8

-3.2

.3

.2

.3

Addenda:
Personal consumption expenditures...............................
Durable g o o d s .........................................................
Nondurable g o o d s ....................................................
S ervice s..................................................................

.8

.2

-.4
-4.5

.2

2.3

2 .0

-.6

1.8

-.1

.9
3.6
.3
.7

.6

-1.3

1.4
3.3

.5

1.3

2.1

.1

.9

.3

.5

.8

0

.3

.1

.8

-1.5

3.2

.7
-.9

0

1 .0

1 .6

.2

.2

.5

1.1

.2

3.2
2 .1 -

.3

.6

.6

.4

.2

.4

.6

0

3.8

-3.4

-.2

0

.5

-

.1

.6

.6

1 .6

.4

1.3

1.0

Based on chained (2000) dollar measures
Real disposable personal incom e ..................................

.1

.3

.2

0

.4

.4

-.1

.4

.1

0

T a b le 5 .— P e r s o n a l In c o m e a n d Its D is p o s it io n , P e r c e n t C h a n g e f r o m

P r e c e d i n g P e r i o d ( M o n t h s ) — C o n tin u ed

Seasonally adjusted at monthly rates
2005
May

June

July

Aug.

2006
Sep.

Oct.

Nov.

Dec.

Jan.

Mar.

Feb.

Apr.

May

Junen

Based on current-dollar measures
Personal incom e ............................................................
Compensation of employees, received............................
Wage and salary disbursements ................................
Supplements to wages and salaries ...........................
Proprietors’ income with inventory valuation and capital
consumption adjustments ..........................................
Rental income of persons with capital consumption
adjustm ent...............................................................
Personal income receipts on assets ..............................
Personal interest income ...........................................
Personal dividend incom e..........................................
Personal current transfer receipts...................................

0.3
,2
.1

.4

0.5
.5
.5
.5

1 .8

2.9

.3
.3
.5

.6

.6

0

1.3
.9

.6

.6

0

.6

.4

-5.7

7.5

0 .8
1.2

-

.4

1.5

.5

-4 2
.9

-3.8
.9

-2.4
.6

.6

1 .0

1 .0

.4

.4

.8

.9

1.0

1.0

-.3

1 0 .0

.4
.9
-7.1

.3

0

.6

0.5

0 .2

.3

-.1

-? 7
1.3
1.4

0.5
.5
.5
.5

.2

.6

4*8

_4j)

0 .8
1.0
1.0
1.1

.5

0.3
.5
.5
.4

0.4
.4
.4
.4
.7

-.1

-3.1

0.7
.9
.9

0.4

.6

.3

.5

.7

.1

1.5
1.7

.1
0

0

1,2

.1

.1

.1

1.4

1.4

1.4

1.3

-.3

-.3

1 .8

1 .8

.8

-.3
.7

.8

.8

2 .0

.2

.5

.3

.9
.7

.4

2 .2

.5

.3

.8

1 .0

1.0

.3

-.6

- .1

0

.6
.6

.7

1 .2

1.0

0 .6

1.0

.4

Less: Contributions for government social insurance.......

.2

.4

1 .2

.3

.5

.6

Less: Personal current taxes ..........................................

.6

.7

.6

.5

.9

1 .0

.7

1.3

4.1

1.1

.9

1.9

.5

1.0

Equals: Disposable personal incom e .............................

.2

.5

.8

- 2.1

3.2

.5

.1

.4

.4

.2

.3

.6

.4

.6

Addenda:
Personal consumption expenditures ...............................
Durable g o o d s ..........................................................
Nondurable g o o d s ....................................................
Services ...................................................................

.9
4.6
.4
.5

1.3
5.3

.3

.1

-4.0
-.5
.9

.9
3.0
2.4
-.3

.5
-1.3

.6

2.7
- 2 .2
.7

.4
1.5

.6

1.8

- .2

-.7
.9

.4
.3
.4
.4

-.1

1.2

.5

-.1

-6.5
1.4
.5

.6

-2.7
2.3
.5

-

.6

.6

0

.4

0
1.1

.5
1.1

.4
.4

1.5
.4

0

.6

.5

Based on chained (2000) dollar measures
Real disposable personal inc om e...................................
p Pr e l i m i n a r y .

.2

.5

.4

-2.5

2 .2

.3

.5

.4

- .1

.1

0

.1

0

.4

T a b l e 6 — P e r s o n a l I n c o m e a n d It s D i s p o s i t i o n , P e r c e n t C h a n g e f r o m

P r e c e d in g P e r io d (Y e a r s a n d Q u a r te r s )

Seasonally adjusted at annual rates
2003

2002

2004

2005

2003
I

II

III

IV

Based on current-dollar measures
Personal In c o m e ...........................................................
Compensation ol employees, received ..........................................
Wage and salary disbursem ents..............................................................
Supplements to wages and sa la rie s ...........................................
Proprietors’ income with inventory valuation and capital consumption
adjustments ........................................................................
Rental income of persons with capital consumption adjustm ent.....................
Personal income receipts on assets ............................................................
Personal interest in c o m e .........................................................................
Personal dividend income ......................................................................
Personal current transfer receipts ................................................................
Less: Contributions for government social insurance.....................................

2.5

3.2
3.6

.8

2 .6

11.1

7.9

-.5
- 8 .6
-3.4
-7.4
7.7
7.7

5.6
-13.1
.3
-2.3
6.4
5.0

2 .6

3.8

1 .8

Less: Personal current t a x e s ............................................................

5.2
5.5
5.1
7.3

3.3
3.8
3.0
7.6

5.1
56
5.2
7.1

4.1
42
39
5.6

6.5
-42.7
6.4

.5
28.0

1 2 .0

-18.7
1 .8

11.4
-36.8
14

0

-2 2

6 .2

5.6
5.5
6.3
12.3
-4.5
6 .8

-2.5
27.1
5,6

7.0
7.0

6.1

6 .6

.2

.5
-.7

6.1

6 1
6 1

59
8 6

159.2
1 1

5*2
15 7

9.6

6 .2

5.9
5.2

6 .6

.6

8 .0

5.1

3.7

5.1

-15.0

-4.8

4.9

14.6

-7.8

.4

-28.1

34.6

Equals: Disposable personal income ...........................................................

4.6

4.2

6.4

4.1

4.8

5.7

8.9

3.2

Addenda:
Personal consumption expenditures.............................................................
Durable go ods ...........................................................................
Nondurable g o od s............................................................................
S ervices...................................................................

4.2
4.6
3.1
4.6

4.8

6 .6

4.6
7.1

6.5
4.7
8.3
5.9

5.2
-4.3
9.7
5.1

4.3
11.9
-.7
5.3

8.3

2 .0

11.9
5.9

38
-2 9
23
5.9

5.0

6.3

1.7

5.3
5.1

6 .8

12.1

Based on chained (2000) dollar measures
Real disposable personal inco m e ................................................................

3.1

3.6

2 .2

1.7

1.2

Seasonally adjusted at annual rates
2004
I

II

2005
III

IV

II

1

2006
III

IV

II

1

Based on current-dollar measures
Personal income ..........................................................
Compensation of employees, received .........................................
Wage and salary disbursem ents..............................................................
Supplements to wages and sa la ries .................................
Proprietors' income with inventory valuation and capital consumption
adjustments .....................................................................
Rental income of persons with capital consumption adjustm ent.....................
Personal income receipts on assets ................................
Personal interest in c o m e ..............................................................
Personal dividend income .................................................................
Personal current transfer receipts ..........................................

18.7
-18.9
7.0
-4.2
33.1
9.6

Less: Contributions for government social insurance.....................................
Less: Personal current t a x e s .........................................................
Equals: Disposable personal incom e ...........................................................
Addenda:
Personal consumption expenditures..........................................................
Djrabie go ods ..................................................................
Nonduraole g o od s ..................................... .. ..........................................
S ervices.....................................................................

6.9
5.8
5.4
7.3

5.4
5.4
5.4

5.4
6.4
6.4
6.3

10.7
5.8
5.5
7.1

15.7

2 .2

12.1

- 2 1 .2
7.1
-1.7
25.3
5.0

-46.9
7.7
22.3
7.3

43.9
39.9
1.5
128.5
1.9

9.9

4.5

6 .0

.3

7.0

7.7

6 .0

6 .2

5.6
-43.3
10.3

4.0
8.3
8.4
7.9

8.9
5.2
5.1
5.6

8 0

6.4
7.5
74

6 4
62
64
57

.6

12.7

4.7

36

13.0
13.5

5.7
3.0

-7.3

8 .2

12.4
137
104
5.1

1 1 .2

10.4
6.3

5.5

10.1

3.7

8 .0

4.8

12.4

5.9

11.4

10.4

28.2

1 2 .2

8 .0

1 1 .2

27.6

15.0

4.7

10.7

- 1 .8

3.6

3.5

8 .6

3.8

5.2

7.4
6.4

5.1
2.7
6.4
5.0

7.5

8 .2

12.1

5.9
12.7
6.5

3.7
-13.5
4.5
7.1

7.0
18.6
7.0
4.8

67
-1.3

5.5

1.7

1 .0

0

6 .6

5.9

6 .0

1.9
7.7
7.1

4.9
6.3

8 .2

4.8
-15.1
-18.2
9.3
-47.2

4.6
3.8
3.3
5.7

8.9
7.2
11.7
16.5

8.5
10.3

1 .2

4.8
3.7
9.6

6 .2

10.1

6.4

1 0.2

9.9
5.4

1 2 .2

102

10.1

6.7

Based on chained (2000) dollar measures
Real disposable personal income ................................................................

3.9

2.4

2 .8

7.5

-4.0

.5

- .6

T a b le 7 .— R e a l P e r s o n a l C o n s u m p t io n

E x p e n d itu r e s b y M a jo r T y p e o f P r o d u c t (M o n th s )

2003

2002

Jan.

Dec.

Feb.

Mar.

Apr.

May

June

2004
July

Aug.

Sep.

Oct.

Nov.

Dec.

7,413.5
1,061.3
2,143.2
4,220.2

7,411.4
1,052.1
2,131.9
4,236.4

Jan.

Feb.

Billions of chained (2000) dollars, seasonally adjusted at annual rates
Personal consumption e x p e n d itu re s ..............
Durable goods ............................................
Nondurable goods .......................................
S ervices......................................................

7,188.4
1,001.7
2,059.4
4,132.7

7,192.2
983.1
2,068.8
4,143.8

7,168.5
957.1
2,066.6
4,145.4

7,194.2
974.1
2,082.1
4,140.6

7,218.1
999.9
2,074.2
4,149.2

7,245.2
1,009.1
2,075.8
4,165.9

7,284.5
1,020.5
2,102.5
4,168.8

7,319.1
1,034.9
2 , 1 1 0 .0
4,182.8

7,388.0
1,070.6
2,134.6
4,195.9

7,351.4
1,043.3
2,124.3
4,193.2

7,358.0
1,040.7
2 , 1 2 2 .2
4,203.7

7,468.0
1,055.5
2,156.0
4,265.4

7,468.8
1,066.3
2,141.3
4,271.4

Change from preceding period in billions of chained (2000) dollars, seasonally adjusted at annual rates
Personal consumption e x p e n d itu re s ..............
Durable goods ............................................
Nondurable goods .......................................
S ervices......................................................

49.6
41.3
5.1

3.8
-18.6
9.4

-23.7
-26.0
- 2 .2

6 .6

11.1

1.6

25.7
17.0
15.5
-4.8

23.9
25.8
-7.9

27.1
9.2

8 .6

16.7

39.3
11.4
26.7
2.9

1 .6

34.6
14.4
7.5
14.0

68.9
35.7
24.6
13.1

-36.6
-27.3
-10.3
-2.7

6 .6

55.5

- 2 .6
- 2.1
10.5

2 0 .6

- 2.1
-9.2
-11.3
16.2

2 1 .0

16.5

56.6
3.4
24.1
29.0

.8
1 0 .8

-14.7
6 .0

Percent change from preceding period in chained (2000) dollars, seasonally adjusted at monthly rates
Personal consumption e x p e n d itu re s ..............
Durable goods ..........................................
Nondurable goods .......................................
S ervices......................................................

.7
4.3
.2
.2

.1

-1.9
.5
.3

.4

-.3
- 2 .6

1 .8

- .1

.7

.3
2.7
-.4

.4
.9

1.1

.1

.4

1.3

0

-.1

.2

May

June

July

.5

.5
1.4
.4
.3

.1

.9
3.4

-.5
-2.5
-.5

1.2

.3

.1

.8

-.3

2 .0

-.1

1 .0

.3

-.1

0

.4

2004
Apr.

Mar.

.8

-.9
-.5
.4

0

.3
1.1

1 .0

-.7

.7

.1

2005
Aug.

Sep.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

Billions of chained (2000) dollars, seasonally adjusted at annual rates
Personal consumption expenditures
Durable g o od s .............................
Nondurable g o od s ........................
S ervices......................................

7,502.8
1,079.2
2,168.6
4,267.7

7,505.5
1,064.4
2,156.8
4,293.5

7,574.7
1,099.6
2,172.5
4,316.6

7,522.9
1,050.3
2,163.6
4,315.2

7,587.0
1,090.8
2,176.2
4,332.0

7,590.6
1,078.6
2,177.4
4,344.2

7,643.7
1,112.4
2,198.3
4,348.2

7,658.6
1,099.9
2,205.7
4,365.4

7,678.0
1 , 1 0 2 .8
2,209.8
4,377.8

7,724.6
1,128.0
2,224.0
4,389.0

7,720.3
1,107.5
2,238.0
4,387.8

7,744.2
1,114.1
2,250.7
4,393.3

7,753.7
1,128.8
2,235.9
4,405.0

7,803.9
1,165.4
2,265.0
4,396.5

9.5
14.7
-14.8
11.7

50.2
36.6
29.1
-8.5

Change from preceding period In billions of chained (2000) dollars, seasonally adjusted at annual rates
Personal consumption e x p e n d itu re s ..............
Durable g o od s .............................................
Nondurable g o od s........................................
S ervices......................................................

34.0
12.9
27.3
-3.7

2.7
-14.8
- 11 .8
25.8

69.2
35.2
15.7
23.1

-51.8
-49.3
-8.9
-1.4

64.1
40.5

3.6
-

12 .2

1 2 .6

1.2

16.8

12 .2

53.1
33.8
20.9
4.0

14.9
-12.5
7.4
17.2

19.4
2.9
4.1
12.4

46.5
25.2
14.2
1 1 .2

-4.3
-20.5
14.0
- 1 .2

23.9
6 .6

12.7
5.5

Percent change from preceding period in chained (2000) dollars, seasonally adjusted at monthly rates
Personal consumption e x p e n d itu re s ..............
Durable g o on s .............................................
Nondurable g o o d s ........................................
S ervices......................................................

.5
1 .2

1.3

0

-1.4
-.5

-.1

.6

.9
3.3
.7
.5

-.7
-4.5
-.4

.9
3.9

0

1.1

.7
3.1

.6

.1

1 .0

.4

.3

.1

0

-

.3
.3

.2

-

1.1

.3
.4

.6

2.3

.2

.6

.3

.3

-

-.1

.3

.1

.6

1 .8

.6

1.3
-.7
.3

3.2
1.3

.6

2005
May

June

July

Aug.

.6

0

.1

- .2

2006
Sep.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

Junen

Billions of chained (2000) dollars, seasonally adjusted at annual rates
Personal consumption e x p e n d itu re s ..............
Durable g o od s .............................................
Nondurable g o od s........................................
S ervices......................................................

7,792.2
1,116.4
2,263.3
4,425.4

7,863.3
1,170.7
2,277.0
4,438.1

7,929.6
1,237.4
2,281.2
4,446.0

7,889.2
1,161.1
2,289.4
4,458.4

7,867.2
1,129.2
2,292.2
4,459.1

7,875.3
1,109.6
2,312.9
4,461.7

7,909.6
1,142.2
2,305.3
4,476.9

7,945.8
1,161.8
2,310.5
4,491.6

7,977.5
1,195.2
2,343.3
4,465.4

8,011.3
1,181.0
2,346.4
4,505.3

8 , 0 2 2 .6
1,195.2
2,338.6
4,512.8

8,037.4
1,192.0
2,347.5
4,520.8

8,052.4
1,184.3
2,351.3
4,537.2

8,069.3
1,190.8
2,358.4
4,541.7

15.0
-7.7
3.8
16.4

16.9
6.5
7.1
4.5

Change from preceding period In billions of chained (2000) dollars, seasonally adjusted at annual rates
Personal consum ption e x p e n d itu re s ..............
Durable g o o d s .............................................
Nondurable g o o d s ........................................
S ervices......................................................

-11.7
-49.0
-1.7
28.9

71.1
54.3
13.7
12.7

66.3
66.7
4.2
7.9

-40.4
-76.3

- 2 2 .0
-31.9

8 .2

2 .8

-19.6
20.7

12.4

.7

2 .6

8.1

34.3
32.6
-7.6
15.2

36.2
19.6
5.2
14.7

31.7
33.4
32.8
-26.2

33.8
-14.2
3.1
39.9

11.3
14.2
-7.8
7.5

14.8
-3.2
8.9
8 .0

Percent change from preceding period In chained (2000) dollars, seasonally adjusted at monthly rates
Personal consumption e x p e n d itu re s ..............
Durable g o o d s .............................................
Nondurable g o o d s ........................................
S ervices......................................................
p Pr e l i m i n a r y .

-4.2

.9
4.9

5.7

-.1

.6

.2

.3

.2

-.1

.7

.8

-.5
- 6 .2
.4
.3

-.3
-2.7
.1
0

.1

-1.7
.9
.1

.4
2.9
-.3
.3

.5
1.7
.2

.4
2.9
1.4

.3

- .6

-

.4

.1

.2

.2

.2

1.2

1.2

-.3

-.3
.4

- .6

.1

.2

.5
.3

.9

.2

.2

.4

.1

T a b le 8 .— R e a l P e r s o n a l C o n s u m p tio n

E x p e n d itu r e s b y M a jo r T y p e o f P r o d u c t (Y e a r s a n d Q u a r te r s )

Seasonally adjusted at annual rates
2003

2002

2004

2005

2003

2002

IV

I

II

III

IV

7,352.9
1,049.6
2,123.0
4,190.7

7,394.3
1,051.4
2,132.5
4,220.2

103.6
39.8
38.8
29.4

41.4

Billions of chained (2000) dollars
Personal consum ption expenditures ............................................................
Durable g o o d s ............................................................................................
Nondurable goods ......................................................................................
Services ....................................................................................................

7,099.3
964.8
2,037.1
4,100.4

7,295.3
1 ,0 2 0 .6
2,103.0
4,178.8

7,577.1
1,085.7
2,179.2
4,323.9

7,841.2
1,145.3
2,276.8
4,436.6

7,148.2
970.4
2,053.1
4,127.4

7,184.9
971.4
2,072.5
4,143.3

7,249.3
1,009.8
2,084.2
4,161.3

Change from preceding period In billions of chained (2000) dollars
Personal consum ption expenditures ............................................................
Durable goods ............................................................................................
Nondurable goods ......................................................................................
S ervice s.....................................................................................................

188.9
64.1
50.4
77.2

196.0
55.8
65.9
78.4

281.8
65.1
76.2
145.1

264.1
59.6
97.6
112.7

25.0
-13.0
18.1
18.4

36.7

64.4
38.4
11.7
18.0

1 .0

19.4
15.9

1 .8

9.5
29.5

Percent change from preceding period in chained (2000) dollars
Personal consum ption expenditures ............................................................
Durable g o o d s ............................................................................................
Nondurable goods ......................................................................................
Services ....................................................................................................

2.7
7.1
2.5
1.9

3.9
6.4
3.6
3.5

2 .8

5.8
3.2
1.9

3.5
5.5
4.5

1.4
-5.2
3.6

2 .6

1 .8

3.6
16.8
2.3

2.1

.4
3.8
1.5

5.8
16.7
7.7
2.9

1.8

2.3
.7
1 .8
2 .8

Seasonally adjusted at annual rates
2004
I

II

2005
III

IV

II

1

2006
III

IV

I

II

Billions of chained (2000) dollars
Personal consum ption expenditures ............................................................
Durable goods ............................................................................................
Nondurable goods ......................................................................................
Services .....................................................................................................

7,479.8
1,067.0
2,155.3
4,268.2

7,534.4
1,071.4
2,164.3
4,308.4

7,607.1
1,093.9
2,184.0
4,341.5

7,687.1
1,110.3
2,213.1
4,377.4

7,739.4
1,116.8
2,241.5
4,395.3

7,819.8
1,150.8
2,268.4
4,420.0

7,895.3
1,175.9
2,287.6
4,454.5

7,910.2
1,137.9
2,309.6
4,476.7

8,003.8
1,190.5
2,342.8
4,494.5

8,053.0
1,189.1
2,352.4
4,533.2

93.6
52.6
33.2
17.8

49.2
-1.4
9.6
38.7

-12.3
3.9

4.8
19.8
5.9

2 .0

1 .6

2.5
-.5
1.7
3.5

Change from preceding period in billions of chained (2000) dollars
Personal consum ption expenditures ............................................................
Durable goods ............................................................................................
Nondurable goods ......................................................................................
Services .....................................................................................................

85.5
15.6
2 2 .8

48.0

54.6
4.4
9.0
40.2

72.7
22.5
19.7
33.1

80.0
16.4
29.1
35.9

52.3
6.5
28.4
17.9

80.4
34.0
26.9
24.7

75.5
25.1
19.2
34.5

14.9
-38.0
2 2 .0
2 2 .2

Percent change from preceding period in chained (2000) dollars
Personal consum ption expenditures ............................................................
Durable goods ............................................................................................
Nondurable g o o d s ......................................................................................
Services ....................................................................................................

4.7
6.1

4.3
4.6

2.9
1.7
1.7
3.8

3.9
8.7
3.7
3.1

4.3
6.1

5.4
3.4

2.7
2.4
5.2
1 .6

4.2
12 .8

4.9
2.3

3.9
9.0
3.4
3.2

.8

T a b le 9 .— P r ic e In d e x e s f o r P e r s o n a l C o n s u m p t io n

E x p e n d itu r e s : L e v e l a n d

P e rc e n t C h a n g e F ro m

P r e c e d in g P e r io d (M o n t h s )

2004

2003

2002

Jan.

Dec.

Mar.

Feb.

Apr.

May

June

July

Sep.

Aug.

Oct.

Nov.

Dec.

Jan.

Feb.

106.144
91.047
104.321
110.574

106.401
90.806
104.707
110.890

106.833
90.987
105.352
111.275

107.199
91.049
105.980
111.593

Chain-type price indexes (2000=100), seasonally adjusted
Personal consum ption expenditures (PCE) ....
Durable goods .............................................
Nondurable goods .......................................
S ervices......................................................
Addenda:
PCE excluding food and e n e rg y ...................
Market-based PC E 1 .....................................
Market-based PCE excluding food and
energy 1 ..................................................

104.357
94.506
102.794
107.380

104.591
94.054
103.213
107.685

105.085
93.745
104.374
108.036

105.500
93.586
104,940
108.508

105.256
93.301
103.887
108.682

105.167
92.681
103.080
109.081

105.281
92.373
103.301
109.244

105.529
92.153
103.700
109.531

105.866
91.902
104.484
109.791

106.158
91.489
105.087
1 1 0 .1 0 2

106.180
91.259
104.645
110.421

104.378
103.870

104.474
104.106

104.582
104.615

104.710
105.036

104.808
104.740

104.943
104.587

105.014
104.633

105.251
104.927

105.394
105.256

105.508
105.532

105.704
105.496

105.777
105.365

105.938
105.593

106.218
105.992

106.436
106.329

103.766

103.837

103.885

103.962

104.064

104.164

104.205

104.436

104.530

104.587

104.745

104.721

104.826

105.033

105.184

Percent change from preceding period in price indexes, seasonally adjusted at monthly rates
PCE ...............................................................
Durable goods .............................................
Nondurable goods .......................................
S ervices......................................................
Addenda:
PCE excluding food and e n e rg y ...................
Market-based P C E 1 .....................................
Market-based PCE excluding food and
energy 1 ..................................................

.1

.2

-.5
.2

-.5
.4
.3

.1
.1

0

.4
-.2

-

- .2

-.1

.1

.2

-.3

-.7

-.3

- .2

1 .0

- .8

.2

.4
.3

.8

.6

.2

.3

.1

.1

.1

.2

.1

.1

-.3

-.1

.1

.2

.3

.3

.2

.1

.1

.1

.1

.1

.2

.5

.4
.1

.1

.1

0

.3
-.4

.1

.5
.4

1.1

.3
-.3

.4

.3

.1

0

.5
-.3

.2

0

0

.2

.4

.3

-.2

-.3
.4
.3

.2

.1

.6

.6

.3

.3

0

-.3
-.4
.3

-.3
.1

.1

.2
.2

.3
.4

.2

- .1
0

.1

.2

.1

.2
0
.2

2005

2004
Mar.

Apr.

June

May

July

.3

Aug.

Oct.

Sep.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

Chain-type price Indexes (2000=100), seasonally adjusted
Personal consum ption expenditures (P C E )....
Durable g o o d s .............................................
Nondurable g o od s ........................................
S ervices......................................................
Addenda:
PCE excluding food and e n e rg y ...................
Market-based P C E 1 .....................................
Market-based PCE excluding food and
energy 1 ...................................................

107.575
91.094
106.728
111.852

107.750
91.129
106.696
112.166

108.219
91.089
107.833
112.424

108.495
91.097
108.156
112.742

108.555
90.829
107.890
113.048

108.645
90.441
107.851
113.322

108.774
90.474
107.854
113.539

109.319
90.675
109.162
113.784

109.554
90.628
109.180
114.199

109.555
90.644
108.748
114.416

109.713
90.824
108.629
114.710

110.036
90.664
109.196
115.029

110.524
90.638
110.149
115.408

110.908
90.562

106.699
106.695

106.924
106.817

107.099
107.293

107.294
107.557

107.420
107.573

107.520
107.617

107.705
107.687

107.977
108.253

108.196
108.466

108.279
108.436

108.571
108.579

108.760
108.892

109.031
109.391

109.119
109.808

105.413

105.580

105.706

105.868

105.953

105.997

106.119

106.361

106.551

106.611

106.910

107.060

107.301

107.371

1 1 1 .0 0 2

115.671

Percent change from preceding period in price indexes, seasonally adjusted at monthly rates
PCE ...............................................................
Durable g o o d s .............................................
Nondurable g o od s ........................................
S ervices......................................................
Addenda:
PCE excluding food and energy ...................
Market-based PCE 1 ....................................
Market-based PCE excluding food and
energy 1 ...................................................
Se e f o o t n o t e s a t t h e e n d o f t h e t ab l e.

.4
0

.2

.4

0

0

0

1.1

.3
0

.2

.3

.2

.3
.3

.2

.2

.2

.2

.3

.1

.4

.2

.2

.2

.1

.2

.7

.1

-.4

0

.2

- .2

0

0

1 .2

.3
.1
0
.1

.2

.1

.5

.1

-.3

.2

.4

.3

.1

0

.2

0

-.4

-.1

.2

.3

.5
.3

.9
.3

.2

.2

.2

.4

.2
.1

.3
.5

.2

0
0

.1

.2

.2

.1

.3

0

-.1

.2

.1
0
.1

-.2

0

- .1
.8

.3

.2

.2

.1

.1

.3

.5

.4

.3

.1

.2

.1

T a b le 9 .— P r ic e In d e x e s f o r P e r s o n a l C o n s u m p tio n E x p e n d itu r e s : L e v e l a n d P e r c e n t C h a n g e F r o m

P r e c e d in g P e r io d ( M o n t h s } - C o n t in u e d

2005
May

June

Aug.

July

2006
Sep.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr,

May

June*’

Chain-type price Indexes (2000=100), seasonally adjusted
Personal consum ption expenditures (P C E )....
Durable g o o d s .............................................
Nondurable g o o d s ........................................
S ervice s......................................................
Addenda:
PCE excluding food and e n e rg y ...................
Market-based P C E 1 ....................................
Market-based PCE excluding food and
energy 1 ...................................................

110.948
90.708
110.530
115.945

110.964
90.439
110.280
116.169

111.412
90.085
111.389
116.489

111.875
89.790
112.594
116.770

112.912
89.850
115.064
117.317

113.167
89.805
114.689
117.966

112.737
89.579
112.548
118.371

112.715
89.432
112.294
118.505

113.258
89.501
113.351
118.900

113.340
89.389
113.150
119.180

113.737
89.264
113.953
119.502

114.253
89.292
115.209
119.759

114.678
89.280
116.014
1 2 0 .1 0 0

114.877
89.052
116.080
120.479

109.347
109.806

109.429
109.790

109.549
110.267

109.693
110.748

109.954
111.642

110.237
112.037

110.442
111.482

110.574
111.423

110.758
111.971

110.928
111.988

111.264
112.390

111.514
112.933

111.771
113.380

112.038
113.522

107.582

107.638

107.730

107.829

108.004

108.217

108.397

108.512

108.629

108.735

109.065

109.294

109.544

109.754

Percent change from preceding period In price Indexes, seasonally adjusted at monthly rates
PCE ...............................................................
Durable g o o d s .............................................
Nondurable g o o d s ........................................
S erv ices .......................................................
Addenda:
PCE excluding food and e n e rg y ....................
Market-based P C E 1 .....................................
Market-based PCE excluding food and
energy 1 ...................................................

.2

-.3

.4
-.4

.4
-.3

.1

-.4

-.1

-.2

1 .0

1.1

2 .2

-.3

.2

.2

.3

.2

.5

.6

.1

.1

.1

.2

.4

.3

.4

1 .0

.2

.1

.1

.2

.2

.2

0

0

.2
0
.2

0
.1

.9

.2

-.4
-.3
-1.9
.3

.5

.1

- .2

.1

- .1

- .2

-.2

.1

.9
.3

.2

.1

.2

-.5

-.1

.5

0

.1

pri ce

1. T h i s i n d e x i s a su p p l e m e n t a l m e a su r e t ha t i s b a se d o n h o u se h o l d e x p e n d i t u r e s f or w h i c h t h e r e a r e o b se r v a b l e

i n t e r m e d i a r i e s) a n d t h e e x p e n se s o f n o n p r o f i t i nst i t u t i on s.

It e x c l u d e s m o st

i m p l i ci t

.2
0

.1

p Pr e l i m i n a r y .

m e a su r e s.

.2

p r i c e s ( f or e x a m p l e ,

.1

.4
-.1

.5
0

.4
0

.2

-3

.7
.3

1.1
.2

.7
.3

.3

.3
.4

.2

.2

2

.5

4

1

.3

t h e se r v i c e s f u r n i sh e d

.2
w i t hou t

1

.2

.2

paym ent

b y f inancial

T a b le 1 0 — R e a l D is p o s a b le P e r s o n a l In c o m e a n d R e a l P e r s o n a l C o n s u m p t io n

E x p e n d itu r e s : P e r c e n t C h a n g e F r o m

2003

2002

Dec.
Disposable personal Income ..........................
Personal consum ption e x p en ditu re s ...............
Durable g o od s.......................................
Nondurable g o o d s ........................................
S ervices....................................................

M o n th O n e Y e a r A g o

Jan.

Feb.

Mar.

2.7

0.3

0.4

2 .6

2.4
4.8

9.4

Apr.

May

June

2004
July

Aug.

Sep.

Oct.

Nov.

Dec.

1.5

1 .6

3.1

4.0

2 .8

3.2

4.0

3.9

4.0

4.3

1 .6

2.1

1.8

2 .6

2 .6

2.3

2.5
4.8
3.4

3.5
6.7
5.0

3.6
4.5

1 .6

2 .2

2.1

3.4
9.6
3.7
1.9

3.8
10.5
4.3
2.3

3.1
5.0
3.5
2.5

3.8
74
4.2
2.9

4.2
11 4
36
3.0

- .2

1.6

2.1

1.9

2 .8

2.1

1.7

7.8
2.5

2.1

1 .8

1.6

1.5

1 .6

6 .6

2.9
1.7

8 .8

2004
Apr.

Feb.

0.9

2.7

Mar.

Jan.

0.4

May

June

July

2005
Aug.

Sep.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

Disposable personal Income ..........................

4.4

4.0

3.5

3.1

2.4

2 .2

3.4

3.4

2 .6

6.3

2.3

2.1

1 .8

1.4

Personal consum ption expenditures ...............
Durable g o o d s ..............................................
Nondurable g o o d s ........................................
S erv ices .......................................................

4.3

4.0
6.5
4.0
3.5

4.5
9.0
4.7
3.6

3.3
2.9
2.9
3.5

3.7
5.4
3.1
3.6

2.7
.7

4.0
3.5
3.7

3.6
3.9
3.1
3.7

4.2
7.2
4.3
3.6

3.4
49
3.8
2.9

3.7
45
5.1
2.9

3 ,3

2 .0

4.1
5.7
3.9
3.8

4.0
9.5
50
2.4

1 0 .8

4.2
3.1

6 .6

3.5

2005
May

June

July

Disposable personal incom e ..........................

1.4

2 .0

2 .0

Personal consum ption e x p en ditu re s ...............
Durable g o o d s ..............................................
Nondurable g o o d s ........................................
S ervices.......................................................

2.9
1.5
4.2
2.5

4.5
11.5
5.2
2 .8

2006

Aug.
-

46
3.1
Í 21

Sep.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

Junen

1 .0

1.3

1.1

1 .6

-1.7

1 .6

1.7

1.9

2 .0

1 .8

1.7

4.5
13.4
4.8

3.9
7.6
5.1

2 .8

2.9
3.0
3.9
2.3

3.4

3.5
5.9
4.6
2.4

3.0
2.3
3.6

13
6 1

2*6
1 7

2 .6

3.0
3.6
4.3
2.3

3.3
7.9
4.7

2 .6

2.9
1.5
4.3
2.5

3.9
2.5

36
2.3

.9
4.9
2 .2

6 .0

4.3
2.5

1 .8

2 .8

p Pr e l i m i n a r y .

Table 11.— Price I ndexes for Personal Consumption Expenditures: Percent Change From Month One Year Ago
2002

Dec.
Personal consum ption expenditures (PCE) ....
Durable g o o d s ........................................
Nondurable g o od s ........................................
S ervices..............................................
Addenda:
PCE excluding food and en ergy ....................
Market-based P C E 1 .....................................
Market-based PCE excluding food and energy 1

2003
Jan.

Feb.

2 .0

2.1

- 2 .8

-3.0
2.7
2.9

2 .6

2.7
1.6

1 .6

1.9
1.3

2 .0

1.4

Mar.

Apr.

May

June

2004
July

Aug.

Sep.

2.4
-2.7
3.6
2.9

2.5
-2.7
3.5
3.2

1 .8

1 .8

1 .8

1 .8

-3.0
1.3
3.1

-3.6

-3.6

1 .0

1.1

3.3

3.2

-3.7
1.4
3.2

1.5
2.4
1.3

1.5
2.5
1.3

1.3
1.7

1.4

1.4
1.7

1.4
1.7

1.3

1 .8

1.1

1 .2

1.1

1.2

1.1

May

June

1.9
-3.8
1.9
3.2

Oct.

2 .0

-4.2
2.4
3.2

Dec.

Personal consum ption expenditures (P C E ).....
Durable g o o d s ..............................................
Nondurable g o o d s .......................................
S ervices...................................................
Addenda:
_ PCE excluding food and energy ....................
Market-based P C E 1 .....................................
Market-based PCE excluding food and energy 1

2 .0

-2.7
1.7
3.1

Apr.
2.4
-2.3
2.7
3.2

July

2.9
-1.7
4.6
3.1

3.1
-1.4
4.7
3.2

2.9
-1.4
4.0
3.2

1 .8

2 .0

2.1

2 ,0

-3.9
1.9
3.3

-3 3

-2-9
15
3.3

1.4
17

1.4
1-5

15

17

1.1

1 .0

1 .0

Sep.

2 .6

-

1 .6

3.2
3.2

Oct.

2.5

3.0

1.1

- .6

2 .6

4.3
3.0

-

3.1

1.9

2 .0

2.1

2 .2

2.1

2 .0

2.1

2 .2

2 .0

2 .6

2.7

2 .0

2 .6

1.5

1.5

1.6

2.5
1.5

2 .2

1.4

1.4

1.5

1.5

Nov.
3.2
-.5
4.7
3.3
2.3
2.9
1.7

Dec.

Jan.

July

Aug.

3.3

t-fl
1 .6

1.3

1.2

Feb.

Mar.

3.0

2.7

2.6

- .2

-2

3.9
3.2

3.1
3.1

-4
3.1
3.1

2 .2

2 .2

2 .2

2.7
1.7

24

2^4

2-5

1 .8

1.8

1.8

2005
June

2 1

2005
Aug.

1.6

May

Feb.

-4.1
1.5
3.2

2004
Mar.

Jan.

1.9
-4.3
1.9
3.3

1.3
19
.9

1.8

Nov.

Apr.
2.9

2.7
-5
3.2
3.2

40
3.1

22

2J

1.7

2006
Sep.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June?

Personal consum ption expenditures (P C E ).....
Durable g o o d s ........................................
Nondurable g o o d s .......................................
S erv ices ................................................

2.5
-.4
2.5
3.1

Addenda:
PCE excluding food and en e rg y ....................
Market-based P C E 1 ....................................
Market-based PCE excluding food and energy 1

2.1

2 .0

2 .0

2 .0

2.1

2.1

2.3

2.1

2 .0

2 .0

3.5
1.7

2 .0

22

22

2 .8

3.1

2 .8

1.7

27

2-4

2 .8

2-8

3J3

1.7

2.9
1.7

3.9

1 .8

2.5
1.7

2.1

2.1

1.8

1 .6

1 .6

1 .6

1.8

1.8

2 .0

2.3
-.7

2 .6

2 .0

3.2
3.0

- .8

3.0

3.0
-.7
4.4
3.0

p Pr e l i m i n a r y .
1. T h i s i n d e x i s a su p p l e m e n t a l m e a su r e t hat i s b a se d o n h o u se h o l d e x p e n d i t u r e s f o r w h i c h t h e r e a r e o b se r v a b l e
pnce

m e a su r e s.

It e x c l u d e s m o st

i m p l i ci t p r i c e s ( f o r e x a m p l e ,

i n t e r m e d i a r i e s) a n d t h e e x p e n se s o f n o n p r o f i t i n st i t u t i o n s.

t h e se r v i c e s f u r n i sh e d w i t h o u t

paym ent

b y f ina nc ial

3.8
-.7
6.7
3.3

1 .8

3.5
-

1.0

5.1
3.7

2.9
-

1 .2

3.1
3.7

2.9
-1.3
3.3
3.6

3.2
-1.5
4.3
3.7

3.0
-1.4
3.6
3.6

2.9
-1.5
3.5
3.5

3.0
-1.4
3.8
3.5

3.4
-1 6

5.0
3.6

3.5
-1-5
53
3.7

Table 12.— Révisions to Personal I ncome and I ts Disposition
B illio n s

o f

d o lla r s

R e v is io n s

a s

a

p r e v io u s ly
R e v is e d

e s t im a t e s

2004

2003

R e v is io n s

2005

2003

to

p r e v io u s ly

2004

2003

2005

Personal in c o m e ........................................................................................

9,163.6

9,731.4

10,239.2

-5.5

18.1

1.5

Compensation ot employees, re c e iv e d ...................................................

6,310.4

6,665.3

7,030.3

-10.7

-22.3

-82.8

Wage and salary disbursem ents ........................................................

5,112.7
4,208.3
1,007.9
668.9
3,200.4
858.3
2,342.1
904.4

5,392.1
4,450.3
1,050.8

5,664.8
4,687.1
1,101.3
704.7
3,585.8
937.2
2,648.5
977.7

1 .6

2.7
.3
.9
.3

-47.5
-53.6
-16.1
-15.3
-37.5
-16.7
- 2 1 .0

P r iv a t e

in d u s t r ie s

. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . .

G o o d s - p r o d u c in g

in d u s t r ie s

M a n u f a c t u r in g

T ra d e ,

in d u s t r ie s

t r a n s p o r t a t io n ,

O th e r

. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . .

. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . .

S e r v ic e s - p r o d u c in g

an d

s e r v ic e s - p r o d u c in g

G o v e rn m e n t

. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . .
u t ilit ie s

. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .

i n d u s t r i e s . . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . .

. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . ..

6 8 8 .0

3,399.5
899.2
2,500.3
941.8

.5
.7
.2
- .2

- .6

-.3

-.5

.1

-.1

p e rce n ta g e

-

2004

2005

0.1

0 .2

- .2

-.3

0

0

0
0

0

-.1

0

0

-.8

.1

.1

1.1

2.3

6.1

.1

-12.3
-14.4

-24.9
-29.4
4.4

-35.3
-41.8
6.5

- 1 .0
-1.7

-1.9
-3.3

.6

1.1

1.1

21.5
.4

32.0
9.4

.1

2.4

5.4

1.1

.2

.6

-2.5
-4.3
1.5

407.1

N o n f a r m . . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . .

811.3
29.2
782.1

911.1
36.2
874.9

970.7
30.2
940.4

1.5
-.3

21.1

2 2 .6

0

Rental Income of persons w ith capital consum ption adjustment ...........

133.0

127.0

72.8

1.3

-7.2

-.1

1 .0

-5.4

Personal Income receipts on a s s e ts ......................................................

1,336.6
914.1
422.6

1,427.9
890.8
537.1

1,519.4
945.0
574.4

- 2.1
-3.5
1.5

31.4
-15.1
46.5

62.0
-.7
62.7

- .2

2 .2

-.4
.4

-1.7
9.5

1,426.5
1,398.4
791.4
36.0
571.0
28.1

1,526.6
1,480.9
844.9
31.3
604.6
45.7

7.0
3.2

- 1 .0
3.9

1.3

.5

2 .8

.2

2 .0

2.1

. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .

1,351.0
1,316.7
741.3
52.8
522.5
34.3

Less: C ontributions for governm ent social insurance ............................

778.6

826.4

880.6

1 , 0 0 1 .1

1,049.8

Equals: Disposable personal Income .........................................................

8,162.5

Less: Personal outlays ..............................................................................

7,987.7

c o n t r ib u t io n s

fo r

e m p lo y e e

c o n t r ib u t io n s

fo r

g o ve rn m en t

p e n s io n
s o c ia l

a n d

in s u r a n c e

in s u r a n c e

fu n d s

........

. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. .

P roprietors’ incom e w ith Inventory valuation and capital consum ption
adjustments .......................................................................................
Fa rm

. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . .

P e r s o n a l in t e r e s t
Pe rso n a l

in c o m

d iv id e n d

e . . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . .

in c o m e

. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . .

Personal current transfer re c e ip ts ..........................................................
G o v e rn m e n t
O ld - a g e ,

s o c ia l

s u r v iv o r s ,

G o v e rn m e n t
O th e r
O th e r

b e n e f it s

to

p e rso n s

d is a b ilit y ,

u n e m p lo y m e n t

an d

. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . .

h e a lt h

in s u r a n c e

in s u r a n c e

b e n e f it s

b e n e f it s

. . .. . .. . .. . .. . .. . .. . .. . .

. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .. . . .

. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . .

cu rre n t

tra n sfe r

r e c e ip t s ,

fro m

b u s in e s s

(n et)

Less: Personal current ta x e s .....................................................................

Pe rso n a l

c o n s u m p t io n

D u r a b le

e x p e n d i t u r e s . . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . .

g o o d s . . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. .

N o n d u r a b le

g o o d s . . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . .

S e r v i c e s . . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . .
P e rso n a l

in t e r e s t

Pe rso n a l

cu rre n t

p a y m e n ts 1
tran sfer

. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . .

p a y m e n ts

. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . .

T o

g o v e r n m e n t . . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . ..

T o

th e

re st

o f th e

w o r ld

(n et)

. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . .

8 6 6 .1

2.1

.3

.5

1.3

.7

-4.6

.1

.1

-.4

6 .2

-.1

1 .2

-.1

-3.3

-.1

6 .6

- .8

-25.1
15.1
3.5
- 1 .2
- 2 .8
1.5

.1

8,681.6

9,036.1

-6.7

17.4

8,507.2

9,070.9

-

8 .6

-5.3

7,703.6
942.7
2,190.2
4,570.8
182.5
101.5
61.3
40.2

8,211.5
986.3
2,345.2
4,880.1
186.0
109.7

-6.3
-7.4

- 2 .8
-1.5
-23.1
21.9
-.7
- 1 .8
- 1.8

42.9

8,742.4
1,033.1
2,539.3
5,170.0
209.4
119.2
72.0
47.1

174.9

174.3

-34.8

2.1

2 .0

-.4

7,729.9

8 ,0 1 0 .8

8,104.6

28,039
26,553
291,114

29,536
27,254
293,933

30,458
27,318
296,677

1 .8
-.8

0

12.5

1 .2

-

- .2

10.9

1,203.1

-

.1

.3
.3

4.2

2 .0

6 6 .8

12.3

-4.9

3.8

0

4.3
-.1

-.1

.3

.2

-.1

.3
-14.8

0
1 .8

-.7

2.5

3.4
45.2
2.5

2.4
-5.5
4.1

0
1.1

1.2

-

-.8

0

1,365.5
933.2
432.3

E m p lo y e r

1 .2

- 1.1
-1.4
- 2.1
- 1 .0
- 1.8

0

1,273.2

E m p lo y e r

0

-

.1

0

1,197.7
815.6
382.1

Supplements to wages and s a la r ie s ...................................................

of

p u b lis h e d

p u b lis h e d

-

0

8.3
-.9
9.9

0

.2

.2

.1

-.1

0

0

0

-.4
-1.7
-1.3
-2.4

0

- .2

-

1 .0

.6

-

1 .0

.5
-.4

.3
1.7

- 1 .6
- 2 .6

- 1.0
-3.7
3.3

1 .0

0

2.1

22.5

7.3

.2

.1

-11.9

6.5

-7.6

-.2

.1

-23
-41

59

21

-.1

.2

.1

22

-26

- .2

.1

-.1

0

0

0

0

Addenda:
D is p o s a b le
T o t a l,
P e r

p e rso n a l

b illio n s

of

in c o m e :

c h a in e d

(2000)

d o lla r s 2

. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . .

-.1

c a p it a :

Cu rre n t
C h a in e d
P o p u la t io n

d o lla r s

(2000)

. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . .
d o l l a r s . . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . .

( m id p e r io d ,

th o u sa n d s)3

. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . . .

1. C o n si st s o f n o n m o r t g a g e i n t e r e st p a i d b y h o u se h o l d s.
2 . Eq u a l s d i sp o sa b l e p e r so n a l i n c o m e d e f l a t e d b y t h e i m p l i ci t p r i c e d e f l a t o r f o r p e r so n a l c o n su m p t i o n e x p e n d i t u r e s,

3.

Po p u l a t i o n

0

0

i s t h e t ot al p o p u l a t i o n o f t h e U n i t e d St a t e s,

t i on al i ze d p op u l a t i on .

i n c l u d i n g t he A r m e d

0
Fo r c e s o v e r se a s a n d

0
t h e i n st i t u -

T a b l e 1 3 — C h a n g e s in P e r s o n a l I n c o m e a n d R e l a t e d

M e a s u r e s : C o m p a r is o n s w ith P r e v io u s ly P u b lis h e d E s tim a te s (M o n th s )

2003

2002

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

2004
July

Aug.

Sep.

Oct.

Nov.

Dec.

Jan.

Feb.

Seasonally adjusted at annual rates
Change from preceding period in billions of
dollars:
Personal Income ...........................................
Previously published..................................
Disposable personal Income ..........................
Previously published..................................
Personal consumption expenditures ...............
Previously published..................................

24.5
24.5
26.6
26.6
57.7
57.7

Personal saving as a percentage of disposable
personal Incom e............................................
Previously published.....................................

1.5
1.5

27.1
35.2
26.6
34.4
10.7
16.5

2 2 .8

31.0
42.1
49.0
2 0 .8
2 2 .1

36.1
41.7
35.9
41.2
56.7
62.3

27.2
14.7
33.4
19.2
7.7
3.6

1.8

2 .0

1.7

2 .0

1.9

2.1

1 .8

2 .0

59.3
56.6
52.6
50.0
15.7

39.8
38.9
32.6
32.6
49.6
57.3

2.3
2.3

2.1

2 .8

2.5

2 .0

3.1

2 .6

2 2 .0

17.5
24.8
113.5
123.6
54.5
35.7

25.5
26.0
70.6
72.7
97.6
105.3

34.6
29.5
-79.4
-82.8
-17.2
-7.0
1.7
1.7

46.3
28.0
39.6
24.8
- .2

72.0
67.7
64.6
61.3
56.2
57.8

35.5
35.4
35.1
35.2
16.8
46.4

59 6
61 1
66.4
67 7
92.4
80.3

51 fi
52 0
46 7
45 7
28.2
19.5

2.1

2 .2

2,3

2 .0

2.4
1.9

2 1

2 .0

1.7

2.1

8 .6

Percent change from preceding period for current-dollar measures, seasonally adjusted at monthly rates
Personal incom e ...............................................
Previously published.....................................

.3
.3

.3
.3

.3
.4

.4
.5

.3

.7

.2

.6

Disposable personal inc om e ..............................
Previously published .....................................

.3
.3

.5

.3
.4

.4
.5

.4

.7

.2

Personal consumption expenditures....................
Previously published .....................................

.8

.1

.8

.1

.2

.8

.8

.6

.3
.3

0

.4
.4

.2

.3

.3
.3

.6

.4
.4

1.4
1.5

.9
.9

.3

.7

.2

.8

.7
.5

1.3
1.4

-

.4
.3

.5
.3

.8

1 .0

.8

1 .0

.5
.3

- .2

.1

-.1

4
.4

.7

.4
.4

.7
.7
.7

0

6

.7

.6

8

£
.5

.B

.2

1 2

4

.6

1 .0

.2

Percent change from preceding period for chained (2000) dollar measures, seasonally adjusted at monthly rates
Real disposable personal Income ......................
Previously published.....................................

.3
.3

.3
.4

-.1

.1

.6

.5

.3
.3

.5

.1

.7
.7

1.2

0

1.3

.6

Real personal consumption expenditures ...........
Previously published .....................................

.7
.7

.1

-.3
-.2

.3
.3

.4
.3

.5
.7

.5
.3

.9

.1

.4
.4

May

June

- 1 .2
-1.3

.5
.3

8

2

.8

.2

-.5
-.4

.1

.8

1.1

0

.4

.8

Apr.

July

.2

8

o

.5

-.1

0

2004
Mar.

4
.3

2005
Aug.

Sep.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

Seasonally adjusted at annual rates
Change from preceding period In billions of
dollars:
Personal Income ..........................................
Previously published..................................
Disposable personal income ..........................
Previously published..................................
Personal consumption expenditures ...............
Previously published..................................
Personal saving as a percentage of disposable
personal Incom e ...........................................
Previously published ..................................

44.0
42.8
39.6
36.7
64.6
66.5

47.6
41.1
41.7
30.4
16.1
-6.5

62.5
56.5
53.6
46.6
109.9

2 .0

2 .2

1.7

2.1

1.5
1.3

110 .1

54.9
46.2
40.7
36.6
74.0
70.6

49.3
50.8
40.7
42.1

14.0
19.2
4.5

1 0.8

67.6
44.9

2.1

1.7

2 .0

1.5

1.1

1.5

2 1 .2

14.5
18.1
11.5
-35.2
-13.1

6 .0

91.4
99.4
80.1
57.9
75.9

29.1
66.5
23.9
52.5
39.2
38.8

344.7
366.1
336.8
351.2
51.2
57.8

-240.0
-265.8
-295.6
-319.8
7.4
15.5

32.5
47.7
25.7
39.1
51.3
58.5

1.2

1.4

1 .2

1.3

.9
.7

2

1.1

4.3
4.4

6

1 .0

.5

.4

8.1

88 .1

24.9
49.1
17.2
40.8
48.3
41.0

48 7
23.1
29.7
6 .8

85.4
64.0

- .2

Percent change from preceding period for current-dollar measures, seasonally adjusted at monthly rates
Personal incom e..............................................
Previously published .....................................

.5
.5

.5
.4

.7

.2

.6

.6

.2

.5

.5
.5

Disposable personal Inc o m e .............................
Previously published ...................................

.5
.4

.5
.4

.6

.2

.5

.1

.5
.4

.5
.5

Personal consumption expenditures..................
Previously published .....................................

1.4
1.4

-.4

.8

.9
.9

.8

.2
-.1

-.2

.1

.9

3.5
3.7

-2.3
- 2 .6

3
.5

5

1 .0

.3
.7

2

.2

.5

.2

.1

.9

.3
.6

-3.2
-3.5

3
.4

3

1 .0

3.8
4.0

2

.1

.5

.1

.1

.8

.5
.5

.1

.6

6

.5

.7
.9

.6

1 0

.1

.7

.2

...._ .7

.5

.7

Percent change from preceding period for chained (2000) dollar measures, seasonally adjusted at monthly rates
Real disposable personal Incom e.......................
Previously published .....................................

.1

.3

.2

0

.1

.2

.1

-.1

.4
.5

Real personal consumption expenditures ...........
Previously published ....................................

.5
.5

-.3

.9
.9

-.7
-.4

.9
.9

0

.4
.4
0
0

-.1
0

.7
.4

.4
.5

.1

.3

3.8
4.0

-3.4
-3.6

.2

.3

.6

-.1

.4

.2

.7

0

0

-.2
.2

.3
.4

0

o
-.3

.1

6

.1

.3

T a b le 1 3 . - C h a n g e s

in P e r s o n a l I n c o m e a n d R e l a t e d M e a s u r e s : C o m p a r i s o n s w i t h P r e v i o u s l y P u b l i s h e d E s t i m a t e s ( M o n t h s ) — C o n tin u ed

2005
May

June

July

Aug.

2006
Sep.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

Seasonally adjusted at annual rates
Change from preceding period in billions of dollars:
Personal income ...............................................................
Previously published.........................................
Disposable personal income .............................................. .
Previously published.......................................................
Personal consumption expenditures ....................................
Previously published...................................................... ]

27.8
35.5
20.7
25.6
-9.8

Personal saving as a percentage of disposable personal Income
Previously published...........................................................

53.8
50.9
45.5
40.8
80.2
90.1

81.7
52.4
74.3
51.3
109.1
120.7

-184.8
-205.6
-191.2
-207.5
-8.4
-38.9

- .1

-.5

0

- .6

-.9
-1.3

-3.0
-3.3

.6

292.6
310.8
281.9
305.1
57.0
35.7

56.5
19.9
44.4
15.2
29.1
22.5

20.3
4.8
41.8

-.5

-.3
-.3

-.3
- .6

- .2

19.8
2 2 .2
1 1 .0

53.7
51.9
37.3
44.9
39.1
63.0

86.3
63.1
35.0
19.2
78.9
71.2

31.8
33.5
17.9
22.7
44.8
20.4

41.6
39.2
29.9
29.4
44.6
44.3

77.1
76.2
51.5
52.4
58.4
65.3

41.7
38.3
34.6
31.6
51.4
40.3

-.3

- .8

- .8

-1.3

- 1.1
-1.3

-1.3
-1.5

-1.4
- 1 .6

- 1.6
-1.7

Percent change from preceding period for current-dollar measures, seasonally adjusted at m onthly rates
Personal Incom e..........................
Previously published............. .

.3
.4

.5
.5

.8

Disposable personal inc om e .........
Previously published................

.2

.5
.5

.8

.3

.9

1.3
1.4

Personal consumption expenditures
Previously published................

-.1
0

1 .0

.5
.6

- 1 .8
- 2 .0

2.9
3.1

.5

.2

.2

.2

- 2.1
-2.3

3.2
3.4

.5

.1

.2

.2

-.1

.6

.4

.3
.3

.1

-.4

.5

.5
.5

.8

.4
.5
.4
.7

.9

.5

.8

.2

.3
.3

.4
.4

.7
.7

4
.4

.4

.2
.2

.3
.3

.6

.2

4
.3

.5
.5

.6

6

.7

.4

.6

.6

Percer t change from preceding period for chained (2 0 0 0 ) dollar measures, seasonally adjusted at monthly
rates
Real disposable personal income ........
Previously published........................
Real personal consumption expenditures
Previously published........................

.5
.4

.4
.3

-2.5
-2.7

2 .2

.2

2.5

-.1

- .1

.9

.8
1.1

-.3
-.5

.1

1 .0

-.5
-.9

.2

0

.3

0

.5
.7

.4
.5

.4
.9

.5
.7

-.1

.1

0

.1

0

-.3

.2

- .1

.1

0

.4
.3

.4

.1

.2

.2

.2

.1

.2

.1

T a b l e 1 4 . — C h a n g e s in P e r s o n a l I n c o m e a n d R e l a t e d M e a s u r e s : C o m p a r i s o n s w i t h

P r e v io u s ly P u b lis h e d E s tim a t e s (Y e a r s a n d Q u a r te r s )

Seasonally adjusted at annual rates
2003

2002

2004

2005

2003

2002

IV
Change from preceding period in billions of dollars:
Personal incom e ....... ........................................
Previously published .............................
Disposable personal incom e............................................................
Previously published..........................................
Personal consumption expenditures.............................................................
Previously published ....................................................

157.8
157.8
343.3
343.3
295.7
295.7

Personal saving as a percentage of disposable personal incom e .......................
Previously published ...........................................

2.4
2.4

Personal Inc o m e..................................................................
Previously published ..................................................

1 .8

•1 .8

3.2
3.2

Disposable personal Inc o m e................................................
Previously published ........................................

4.6
4.6

4.2
4.3

Personal consumption expenditures ................................................
Previously published .........................................................

4.2
4.2

4.8
4.9

281.7
287.2
332.4
339.1
352.9
359.2

1

567.8
544.2
519.1
495.0
507.9
504.4

507.8
524.4
354.5
365.7
530.9
531.4

30.1
30.1
36.3
36.3
56.5
56.5

2.1

2 .0
1.8

-.4
-.5

1 .8

2.1

il

72.7

113.1
104.9

8 8 .2

93.8
107.7
95.0
1.9
1.9

1.8

92 3
96 8
1734

1 1 2 .1

102 .1

IV

in

137 7
113 3
RR n

102 3
80.3
80.1

154 2
147.1

2 2

2 R

2.1

2.5

2 .0

1R 2 Q

7? 7
84.2

Percent change from preceding period for current-dollar measures
6 .2

5.9
6.4
6.1
6 .6

6.5

5.2
5.4

1.4
1.4

33
4.0

5 1
4.7

4.3

5Í0

4.1
4.2

1.9
1.9

4.8
5.6

57
5.2

9.4

2.3

6.5
6.5

3.1
3.1

5.2
5.6

43
4.3

8J3
7.9

4.4

Percent change from preceding period for chained (2000) dollar measures
Real disposable personal Incom e..................... ..................
Previously published .......................................

3.1
3.1

2 .2

Real personal consumption expenditures......................
Previously published ................................................

2.7
2.7

2 .8

2.4
2.9

3.6
3.4

1 .2

.2

1.3

.2

3.9
3.9

3.5
3.5

1.4
1.4

17
2.5

50
4.5

6J3
7.2

10

2.1

36
3.6

5J
5.8

3.1

2.5

Seasonally adjusted at annual rates
2004
i
Change from preceding period in billions of dollars:
Personal inc om e ..........................................
Previously published...........................................
Disposable personal incom e...............................................
Previously published.................................
Personal consumption expenditures.......................
Previously published .............................
Personal saving as a percentage of disposable personal inc om e .......................
Previously published .............................

il

156.4
156.1
155.6
154.3
162.7
165.7

2005
III

142.8
129.5
125.5
105.0
130.1
113.3

IV

I

II

III

127.4
114.9
99.2
90.6
116.9
117.6

251.5
295.6
224.9
259.5
149.8
152.9

29.4
48.6
-40.3
-28.4
104.9
119.7

2.3
2.3

.6

-3

.5

- .2

2.1

2 .0

1.6

1 .8

1 .6

1.2

2006

112.7
112.3
78.8
77.7
154.9
141.2

IV

I

1 0 1 .2

2 2 1 .0

64.7
78 0
50 3
172.7
167.0

190.7
188 4
178 0
80 5
82.2

-1 5
- 1 .6

163 8
140 5
RR 4
Rn r

151 4
155.5

3
-5

-1 4

6

Percent change from preceding period for current-dollar measures
Personal Income .....................................
Previously published ....................................

6.9
6.9

5.6

Disposable personal income .......................................
Previously published ............................................

7.7
7.6

5.1

Personal consumption expenditures ..................
Previously published ..................................

8.5
8.7

Real disposable personal inco m e .........................................
Previously published ..............................

3.9
3.6

2.4

2 .8

1 .2

2 .8

7.5
9.1

-4 0
-3.4

.2

- 6
-1 .4

Real personal consumption expenditures.......................
Previously published .......................................

4.7
4.7

2.9
1.9

3.9
4.4

4.3
4.3

2.7
3.5

42
3.4

39
4.1

6 .2

6 .0

6 .6

5.8

5.4
4.9

10.7
12.7

2 .0

4.6
4.5

2 .6

9
7.6

4.7
4.3

10.7
12.5

- 1 .8
-1.3

3.6
3.5

35
2.3

8.1

3.6

5.9
5.9

7.4
7.6

5.1
5.8

7.5

82
7.9

37
3.8

70
7.2

5.1

15

1.2

6 .8

40

8

4
5.5

8-6

Percent change from preceding period for chained (2000) dollar measures
5

g
.9

5.1