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B U R E A U O F E C O N O M IC A N A L Y SIS U .S . D E P A R T M E N T O F C O M M E R C E NEWS RELEASE E M B A R G O E D U N T IL R E L E A S E A T 8 :3 0 A .M . E D T , M O N D A Y , M A Y 1, 2 0 0 6 Ja m e s E . R an k in : M ic h a e l A rm a h : (2 0 2 ) 6 0 6 -5 3 0 1 (2 0 2 ) 6 0 6 -5 3 0 2 (P e rso n a l In c o m e ) (P e rso n a l O u tlay s) B E A 0 6 -1 8 P E R S O N A L IN C O M E A N D O U T L A Y S : M A R C H 2006 P erso n al incom e in creased $88.8 b illio n , o r 0.8 percent, and disposable p erso n al incom e (D PI) in creased $78.4 b illion, or 0.8 p ercent, in M arch, acco rd in g to the B ureau o f E conom ic A nalysis. Personal consum ption expenditures (PC E ) in creased $51.8 b illio n , o r 0.6 percent. In February, p erso n al incom e increased $33.2 billion, o r 0.3 percent, D P I in creased $23.1 b illio n , o r 0.2 percent, and P C E in creased $20.0 billion, o r 0.2 percent, b ased on rev ised estim ates. 2005_______ N ov. P ersonal incom e, current dollars _____________ 2006___________ D ec. Jan. Feb. (P ercent change from p reced in g m onth) 0.3 M ar. 0.5 0.7 0.3 0.8 D isposable p erso n al incom e: C urrent dollars 0.3 0.5 0.5 0.2 0.8 C hained (2000) dollars 0.7 0.5 0.0 0.2 0.5 C urrent dollars 0.5 0.7 0.9 0.2 0.6 C hained (2000) dollars 0.9 0.7 0.4 0.2 0.2 Personal con su m p tio n expenditures: N O T E .-M o n th ly estim ates are ex p ressed at seasonally adjusted annual rates, un less otherw ise specified. M onth-to-m onth d o llar changes are differences b etw een these p u b lish ed estim ates. M onth-to-m onth percen t changes are calculated from u n ro u n d ed data and are n o t annualized. “R eal” estim ates are in chained (2000) dollars. This n ew s release is available on B E A 's W eb site at w w w .b ea.g o v /b ea/rels.h tm . -more- W a g e s and s a la r ie s P r iv a te w a g e a n d s a la r y d is b u r s e m e n t s in c r e a s e d $ 2 2 .2 b illio n in M a r c h , c o m p a r e d w it h a n in c r e a s e o f $ 1 9 .8 b illio n in F e b r u a r y . G o o d s -p r o d u c in g in d u s tr ie s ' p a y r o lls in c r e a s e d $ 2 .8 b illio n , c o m p a r e d w ith a n in c r e a s e o f $ 2 .9 b illio n ; m a n u fa c tu r in g p a y r o lls in c r e a s e d $ 2 .0 b illio n , c o m p a r e d w it h a n in c r e a s e o f $ 1 .6 b illio n . S e r v ic e s -p r o d u c in g in d u s tr ie s ' p a y r o lls in c r e a s e d $ 1 9 .4 b illio n , c o m p a r e d w ith a n in c r e a s e o f $ 1 6 .8 b illio n . G o v e r n m e n t w a g e a n d s a la r y d is b u r s e m e n ts in c r e a s e d $ 2 .6 b illio n , c o m p a r e d w ith a n in c r e a s e o f $ 4 .2 b illio n . D isp o s ab le P ers o n al Incom e and P erso nal O utlays J a n u a ry 2001 throu gh M arch 2006 (B illio n s o f d o lla rs ; s e a s o n a lly a d ju s te d at a n n u a l rate s) -more- O t h e r p e r s o n a l in c n m p S u p p le m e n ts to w a g e s a n d s a la rie s in c re a s e d $9.3 b illio n in M a rc h , c o m p a re d w ith an in c re a s e o f $ 9 .2 b illio n in F e b ru a ry . P ro p rie to rs ' in c o m e in c re a s e d $ 6 .7 b illio n in M arch , in c o n tra s t to a d e c re a se o f $ 1.4 b illio n in F e b ru a ry . F a rm p ro p rie to rs ' in c o m e d e c re a se d $0.5 b illio n , c o m p a re d w ith a d e c re a se o f $2 .8 b illio n . N o n fa rm p ro p rie to rs ' in c o m e in c re a s e d $ 7 .2 b illio n , c o m p a re d w ith a n in c re a s e o f $ 1 .4 b illio n . R e n ta l in c o m e o f p e rs o n s d e c re a s e d $3.3 b illio n in M a rc h , c o m p a re d w ith a d e c re a se o f $2.1 b illio n in F e b ru a ry . P e rs o n a l in c o m e re c e ip ts o n assets (p e rs o n a l in te re s t in c o m e p lu s p e rs o n a l d iv id e n d in c o m e ) in c re a s e d $ 2 .6 b illio n , c o m p a re d w ith a n in c re a s e o f $ 2 .0 b illio n . P e rs o n a l c u rre n t tra n s fe r re c e ip ts in c re a s e d $ 5 1 .6 b illio n in M a rc h , c o m p a re d w ith a n in c re a s e o f $5.1 b illio n in F e b ru a ry . T h e M a rc h in c re a se re fle c te d a n in c re a s e o f p a y m e n ts fo r th e n e w M e d ic a re P a rt D P re s c rip tio n D ru g P la n , w h ic h a d d e d $ 4 0 .9 b illio n . C o n trib u tio n s fo r g o v e rn m e n t s o c ia l in s u ra n c e - a s u b tra c tio n in c a lc u la tin g p e rs o n a l in c o m e - in c re a s e d $ 2 .9 b illio n in M a rc h , c o m p a re d w ith a n in c re a s e o f $ 3 .6 b illio n in F e b ru a ry . 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 e rs o n a l c u rre n t ta x e s in c re a s e d $ 1 0 .4 b illio n in M a rc h , c o m p a re d w ith an in c re a s e o f $ 1 0 .0 b illio n in F e b ru a ry . D is p o s a b le p e rs o n a l in c o m e (D P I) — p e rs o n a l in c o m e le ss p e rs o n a l c u rre n t ta x e s - in c re a s e d $ 7 8 .4 b illio n , o r 0 .8 p e rc e n t, in M a rc h , c o m p a re d w ith an in c re a se o f $23.1 b illio n , o r 0 .2 p e rc e n t, in F e b ru a ry . - 4 - 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 Personal outlays —PCE, personal interest payments, and personal current transfer payments increased $52.7 billion in March, compared with an increase o f $20.7 billion in February. PCE increased $51.8 billion, compared with an increase of $20.0 billion. Personal saving —DPI less personal outlays —was a negative $32.5 billion in March, compared with a negative $58.3 billion in February. Personal saving as a percentage of disposable personal income was a negative 0.3 percent in March, compared with a negative 0.6 percent in February. Negative personal saving reflects personal outlays that exceed disposable personal income. Saving from current income may be near zero or negative when outlays are financed by borrowing (including borrowing financed through credit cards or home equity loans), by selling investments or other assets, or by using savings from previous periods. For more information, see the FAQs on “Personal Saving” on BEA ’s Web site. R eal D P I an d real P C E Real DPI —DPI adjusted to remove price changes —increased 0.5 percent in March, compared with an increase o f 0.2 percent in February. Real PCE —PCE adjusted to remove price changes —increased 0.2 percent in March, the same increase as in February. Purchases of durable goods increased 0.6 percent in March, in contrast to a decrease o f 1.7 percent in February. Purchases o f nondurable goods decreased 0.4 percent, compared with a decrease o f 0.2 percent. Purchases o f services increased 0.4 percent, compared with an increase o f 0.7 percent. -more- -5 - R e v is io n s E stim a te s h a v e b e e n re v is e d fo r J a n u a ry a n d F e b ru a ry . C h a n g e s in p e rs o n a l in c o m e , c u rre n td o lla r a n d c h a in e d (2 0 0 0 ) d o lla r D P I, a n d c u rre n t-d o lla r a n d c h a in e d (2 0 0 0 ) d o lla r P C E fo r Ja n u a ry a n d F e b ru a ry ~ re v is e d a n d as p u b lis h e d in la st m o n th 's re le a s e — a re sh o w n b e lo w . C hange from p reced in g m o n th Jan u ary __________ P r e v io u s R e v is e d P r e v io u s ( B illio n s o f d o lla r s ) R e v is e d (P e r c e n t) February P r e v io u s R e v is e d P r e v io u s ( B il li o n s o f d o lla r s ) R e v is e d (P e r c e n t) Personal Income: Current dollars........... 77.1 71.8 0.7 0.7 31.5 33.2 0.3 0.3 53.5 76 49.7 0.6 0.5 21.7 23.1 0.2 0.2 3.9 0.1 0.0 15.5 16.1 0.2 0.2 72.1 78.5 0.8 0.9 13.1 20.0 0.1 0.2 25.2 30.7 0.3 0.4 8.1 13.4 0.1 0.2 Disposable personal income: Current dollars................... Chained (2000) dollars........ Personal consumption expenditures: Current dollars............ Chained (2000) dollars......... B E A ’s n a tio n a l, in te rn a tio n a l, re g io n a l, a n d in d u stry e stim a te s; 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 ' , a n d B E A n e w s re le a s e s are a v a ila b le w ith o u t c h a rg e o n B E A ’s W e b site a t A vw w .bea.gov. B y v isitin g th e site, y o u c a n a lso su b sc rib e to re c e iv e free e -m a il su m m a rie s o f B E A re le a se s an d a n n o u n ce m e n ts. * * * N e x t re le a s e — P e rs o n a l In c o m e a n d O u tla y s fo r A p ril w ill b e re le a s e d on M a y 2 6 , 2 0 0 6 a t 8 :3 0 A .M . E D T . -more- T a b le 1 .— P e r s o n a l In c o m e a n d Its D is p o s itio n (M o n th s ) [Billions o f dollars] Seasonally adjusted at annual rates 2005 Aug. Personal income ...................................... Compensation of employees, received . Wage and salary disbursements ................ Private industries .............................. Goods-producing industries.................................... Manufacturing............................. Services-producing Industries ..................... Trade, transportation, and u tilitie s .............. Other services-producing industries ......................................... Government............................................. Supplements to wages and salaries .............. Employer contributions for employee pension and Insurance fu n d s ..... Employer contributions for government social insurance.................... Proprietors’ income with inventory valuation and capital consumption adjustments............................................... Farm .................................................. Nonfarm ...................................................... Sep. 2006 Oct. Nov. Jan.'- Feb.'- Mar.p 10,530.9 10,602.7 10,635.9 10,724.7 7,285.7 7,347.4 7,380.6 7,414.6 5,822.1 5,850.8 5,891.3 5,915.3 5,940.0 4,837.4 1,145.6 735.6 3,691.8 967.7 2,724.1 980.0 4,839.4 1,144.4 730.6 3,695.0 971.0 2,724.0 982.6 4,866.6 1,148.9 731.6 3,717.7 974.9 2,742.8 984.2 4,901.9 1,153.4 732.9 3,748.6 979.9 2,768.6 989.4 4,921.7 1,156.3 734.5 3,765.4 984.0 2,781.3 993.6 4,943.9 1,159.1 736.5 3,784.8 988.2 2,796.6 996.2 1,428.9 1,431.0 1,434.9 1,456.1 1,001.2 433.8 1,014.8 441.3 1,465.3 1,474.6 974.0 976.6 975.2 18.1 958.5 15.3 959.9 10,078.3 10,389.1 10,444.5 10,475.7 7,170.1 7,212.4 7,246.3 7,253.1 5,755.1 5,787.7 5,817.4 4,780.5 1,131.6 725.9 3,648.9 961.1 2,687.8 974.6 4,808.8 1,134.5 726.3 3,674.3 963.7 2,710.6 978.9 1,415.0 1,424.7 987.0 428.0 994.8 429.8 891.4 958.4 17.4 874.1 17.7 940.7 996.8 432.1 961.3 19.1 942.2 998.9 432.2 967.9 21.0 946.9 Dec. 22.9 951.1 1,022.8 442.5 1,030.8 443.8 981.9 14.8 967.1 Rental income of persons with capital consumption adjustm ent........... -213.4 83.6 79.3 82.7 78.9 72.6 70.5 67.2 Personal income receipts on assets ......... 1,468.8 1,476.9 951.2 517.6 954.4 522.5 1,494.9 1,512.9 967.2 527.7 1,531.0 1,533.6 980.1 532.9 1,535.6 992.9 538.0 991.3 542.3 1,538.2 989.6 546.1 987.9 550.3 1,545.0 1,541.6 1,547.4 1,576.7 1,581.8 1,517.9 865.5 28.7 623.6 29.5 1,547.4 908.4 27.3 611.7 29.3 1,552.5 920.1 26.0 606.3 29.3 1,633.4 Personal interest income ........................... Personal dividend incom e.............................. 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) .. Less: Contributions for government social insurance ........................... 1,635.9 1,536.0 1,478.1 851.2 27.6 599.3 157.8 1,498.5 851.9 30.0 616.5 37.5 1,504.6 854.8 30.7 619.1 40.4 1,512.1 855.3 29.6 627.2 29.5 1,604.1 968.5 26.0 609.5 29.4 874.5 878.1 882.2 882.6 886.0 904.2 907.8 910.7 1,219.2 1,224.8 1,236.1 1,239.7 1,247.2 1,269.4 1,279.4 1,289.8 Equals: Disposable personal income .................. 8,859.2 9,164.3 9,208.5 9,236.0 9,283.7 9,333.4 9,356.5 9,434.9 Less: Personal outlays ................................. 9,149.1 9,185.9 9,209.3 9,251.5 9,314.8 9,394.0 9,414.7 9,467.4 8,819.1 1,031.7 2,603.6 5,183.8 210.1 119.8 75.4 44.4 8,854.8 990.9 2,644.1 5,219.8 210.7 120.4 76.0 44.4 8,877.3 965.3 2,658.7 5,253.4 210.5 121.5 76.7 44.8 8,919.1 1,000.7 2,632.7 5,285.7 210.2 122.1 77.4 44.8 8,982.1 1,040.4 2,636.0 5,305.8 210.0 122.7 78.0 44.8 9,060.6 1,059.4 2,688.2 5,313.0 210.2 123.2 78.6 44.5 9,080.6 1,039.8 2,679.3 5,361.5 210.4 123.8 79.3 44.5 9,132.4 1,044.9 2,686.8 5,400.7 210.6 124.4 79.9 44.5 -289.9 -21.7 -.8 -15.5 -31.1 -60.6 -58.3 -32.5 -3.3 -.2 -.2 -.3 -.6 -.6 -.3 7,935.0 8,131.4 8,152.2 8,212.0 8,254.9 8,258.8 8,274.9 8,314.0 29,826 26,715 297,027 30,827 27,352 297,285 30,949 27,399 297,534 31,019 27,580 297,756 31,158 27,705 297,954 31,305 27,701 298,144 31,362 27,737 298,337 31,604 27,850 298,533 Less: Personal current ta x e s ................................... Personal consumption expenditures ................ Durable goods......................................... Nondurable goods ................................ S ervices.................................................... Personal interest payments1 ................................ Personal current transfer paym ents....................... To governm ent........................................ To the rest of the world (n e t)......................... Equals: Personal saving ........................... Personal saving as a percentage of disposable personal in co m e......... 0 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 ............. p Pr e lim in a r y r Re v ise d # 1. Co n s is t s o f n on m o r t g ag e in t e r est p a id b y h o u se h o ld s . 3 . Po p u la t io n is t h e t ot al p o p u la t io n o f t h e U n it e d St a t e s, in clu d in g t h e A r m e d Fo r c e s o v e r s e a s a n d t h e inst it u t io n a lize d p o p u la t io n . T h e m on t h ly e st im a t e is t h e a v e r a g e o f e st im a t e s f or t h e f ir st o f t h e m o n t h a n d t h e f irst o f t h e f o llo w in g m on t h ; t h e a n n u a l a n d q u a r t e r ly e st im a t e s a r e a v e r a g e s o f t h e m on t h ly e st im a t e s. 2 . Eq u a ls d is p o sa b le p e r so n a l in co m e d e f lat e d b y t h e im p licit p r ice d e f la t o r f o r p e r s o n a l co n su m p t io n e x p en d it u r e s. T a b le 2.— P e rs o n a l In c o m e an d Its D isp o sitio n (Y e a rs an d Q u a rte rs ) [Billions of dollars] Seasonally adjusted at annual rates 2004 2005 2004 IV I II 2006 III IV I P e rs o n a l in c o m e ................................................................................................. 9 ,7 1 3 .3 1 0 ,2 4 8 .3 1 0 ,0 2 4 .8 1 0 ,0 7 3 .4 1 0 ,1 8 5 .7 1 0 ,2 5 0 .4 1 0 ,4 8 3 .7 1 0 ,6 5 4 .4 C o m p e n s a tio n o f e m p lo y e e s , r e c e iv e d ...................................................... 6 ,6 8 7 .6 7 ,1 2 5 .3 6 ,8 9 5 .8 7 ,0 0 1 .7 7 ,0 6 0 .2 7 ,1 7 7 .6 7 ,2 6 1 .7 7 ,3 8 0 .9 ............................................................. 5 ,3 8 9 .4 5 ,7 2 3 .7 5 ,5 6 2 .9 5 ,6 2 9 .9 5 ,6 7 2 .3 5 ,7 6 2 .3 P rivate Industries .................................................. Z ...!!!.!!!!!!!!..!!!!!!!!!!!!!!! G o od s-produclng in d u s tr ie s ............................ ZZZZZZZZZZZZZZZZZ!! M a n u fa c tu rin g ...................................................... Z Z Z Z Z Z Z S ervices-produclng ind us tries .............................. Z Z Z Z Z Z . ..... T rade, tra nsp orta tion , and u t ilit ie s ........................ . Z Z Z Z Z Z O ther se rv ices -produ cing ind us tries .............................................. G o v e rn m e n t............................................................................................... 5 ,8 3 0.1 5 ,9 1 5 .5 4,450.0 1,049.9 687.7 3,400.1 899.7 2,500.4 939.5 4,752.1 1,120.7 722.0 3,631.4 955.7 2,675.7 971.6 4,612.9 1,083.0 707.8 3,529.9 931.1 2,598.8 950.0 4,668.1 1,099.2 715.3 3,568.8 937.8 2,631.0 961.8 4,705.0 1,107.2 715.5 3,597.9 951.1 2,646.8 967.3 4,787.3 1,130.0 724.7 3,657.4 962.8 2,694.5 975.0 4,847.8 1,146.3 732.6 3,701.5 971.2 2,730.3 982.3 4,922.5 1,156.3 734.6 3,766.2 984.1 2,782.2 993.0 S u p p le m e n ts t o w a g e s a n d s a la r ie s ....................................................... 1,2 98.1 1 ,4 0 1 .6 1 ,3 3 2 .9 E m ployer co ntribu tio ns fo r em plo ye e pe nsio n an d insu ra nce fund s .... E m ployer con trib utions fo r go v e rn m e n t so c ia l in s u r a n c e ...................... 1 ,3 7 1 .8 1 ,3 8 7 .9 1 ,4 1 5 .3 1 ,4 3 1 .6 1 ,4 6 5 .3 895.5 402.7 975.0 426.6 919.6 413.4 950.0 421.9 964.4 423.5 986.8 428.5 998.9 432.7 1 ,0 2 2 .8 P ro p rie to r s ’ in c o m e w ith in v e n to r y v a lu a tio n a n d c a p ita l c o n s u m p tio n a d ju s t m e n t s .................................................................................................. 8 8 9 .6 9 3 8 .7 9 0 0 .9 9 1 7 .9 9 3 6 .6 9 3 2 .4 9 6 7 .7 9 7 7 .9 35.8 853.8 2 0 .8 24.6 876.3 24.7 893.2 19.6 917.1 18.0 914.3 2 1 .0 917.8 16.1 961.8 W age a n d s a la ry d is b u r s e m e n ts Farm .......................................................................... Z Z Z Z Z Z Z Z Z N o n f a r m ..................................................................... . . Z Z Z Z Z Z Z Z Z k 2005 946.7 442.5 R en ta l in c o m e o f p e r s o n s w ith c a p it a l c o n s u m p t io n a d ju s t m e n t ......... 1 3 4 .2 7 2 .9 1 2 8 .7 1 1 8 .0 1 0 4 .4 -1 1 .1 8 0 .3 70 .1 P e rs o n a l in c o m e re c e ip ts o n a s s e ts ........................................................... 1 ,3 9 6 .5 1 ,4 5 7 .4 1 ,4 9 3 .6 1 ,4 0 7 .9 1 ,4 6 8 .9 P ersonal inte res t Incom e .....................................Z Z Z Z Z Z Z Z Z Z Z Z Z Z Z Z Z P ersonal dividend in c o m e ........................................ZZZZZZZZZZZZZZZZZ!!! 1 ,4 3 9 .8 1 ,5 1 2 .9 1 ,5 3 5 .8 905.9 490.6 945.7 511.7 907.4 586.2 915.4 492.5 936.0 503.8 951.2 517.6 980.1 532.9 989.6 546.2 P e rs o n a l c u r r e n t tr a n s fe r re c e ip ts ............................................................... . 1 ,4 2 7 .5 1 ,5 2 5 .3 1 ,4 4 9 .2 1 ,4 8 8 .8 G overnm ent social be nefits to p e r s o n s .......................... . Z Z Z Z Z Z Z Z Z Z . O ld-age, survivors, disab ility, an d health insura nce b e n e f it s ................ G ove rnm ent un em plo ym en t insu ra nce be ne fits ..................................... 1 ,5 0 9 .6 1 ,5 5 8.1 1 ,5 4 4 .7 1 ,5 9 7 .3 1,394.5 789.3 36.0 569.2 33.0 1,483.7 844.7 28.9 610.1 41.6 1,419.5 805.5 32.4 581.5 29.8 1,459.7 828.0 29.4 602.2 29.1 1,480.4 842.2 28.0 610.2 29.2 1,483.2 850.1 28.5 604.6 74.8 1,511.5 858.6 29.7 623.3 33.1 1,568.0 932.3 26.5 609.2 29.3 O ther current tra nsfer rece ipts, fro m bu sin ess (net) Z Z Z Z Z Z Z Z Z Z Z Z Z Z L e s s: C o n tr ib u tio n s f o r g o v e r n m e n t s o c ia l in s u r a n c e ............................. 8 2 2 .2 8 7 1 .2 8 4 3 .5 8 6 1 .0 8 6 4 .9 8 7 5 .4 8 8 3 .6 9 0 7 .5 L e s s : P e rs o n a l c u r r e n t t a x e s ............................................................................. 1,0 4 9.1 1 ,2 0 9 .7 1 ,0 9 4 .3 1 ,1 7 1 .4 1 ,2 0 6 .0 1 ,2 2 0 .4 1 ,2 4 1 .0 1 ,2 7 9 .5 E q u a ls : D is p o s a b le p e rs o n a l in c o m e ............................................................... 8 ,6 6 4 .2 9 ,0 3 8 .6 8 ,9 3 0 .4 8 ,9 0 2 .0 8 ,9 7 9 .7 9 ,0 3 0 .0 9 ,2 4 2 .7 9 ,3 7 4 .9 L e s s : P e rs o n a l o u tla y s ....................................................................................... 8 ,5 1 2 .5 9 ,0 7 2 .1 8 ,7 2 5 .0 8 ,8 5 4 .6 9 ,0 0 1 .2 9 ,1 7 3 .9 9 ,2 5 8 .5 9 ,4 2 5 .4 P ersonal consum ption e x p e n d itu r e s ................................................................. 8,214.3 987.8 2,368.3 4,858.2 186.7 111.5 8,416.1 1,008.6 2,437.1 4,970.4 196.2 112.7 71.0 41.7 8,535.8 1,017.3 2,476.6 5,041.8 198.1 8,844.0 1,050.9 2,604.9 5,188.3 8,926.2 1 ,0 0 2 .1 2,642.5 5,281.6 72.5 48.3 8,677.0 1,035.5 2,533.7 5,107.8 205.3 118.8 73.9 44.9 77.3 44.8 9,091.2 1,048.0 2,684.8 5,358.4 210.4 123.8 79.2 44.5 T o the re st o f the w o rld ( n e t ) ........................... ZZZZZZZZZZZZZZZZZ!!!!!!!! 42.9 8,745.7 1,026.5 2,564.4 5,154.9 205.9 120.4 74.8 45.6 E q u a ls : P e rs o n a l s a v i n g ...................................................................................... 1 5 1 .8 -3 3 .5 2 0 5 .4 4 7 .4 -2 1 .5 -1 4 3 .9 -1 5 .8 -5 0 .5 P e rs o n a l s a v in g a s a p e rc e n ta g e o f d is p o s a b le p e r s o n a l i n c o m e ........ 1 .8 -.4 2 .3 .5 -.2 -1 .6 -.2 -.5 8,004.3 8 , 1 2 0 .0 8,169.2 8,098.1 8 , 1 0 2 .6 8,074.2 8,206.4 8,282.7 29,477 27,232 293,933 30,466 27,370 296,677 30,269 27,689 295,037 30,111 27,391 295,643 30,307 27,347 296,289 30,401 27,183 297,027 31,042 27,562 297,748 31,424 27,763 298,338 D urable g o o d s ...................................................... Z Z Z Z Z Z Z Z Z Z Z Z Z Z ! N ondurable g o o d s .............................................. Z Z Z Z Z Z Z Z Z Z Z Z Z Z Z ! S e r v ic e s ................................................................. Z Z Z Z Z Z Z Z Z Z Z Z Z Z Z P ersonal inte res t p a y m e n ts 1 ................................ ..Z Z Z Z Z Z Z Z Z Z Z Z Z Z Z Z P ersonal curre nt tra n sfe r p a y m e n t s ............................................Z ....Z .Z Z ..Z .Z T o g o v e r n m e n t............................................................................................... 6 8 .6 1 2 0 .8 2 1 0 .1 119.9 75.4 44.4 2 1 0 .2 122.1 Addenda: D isposable personal inc om e: T otal, billions o f cha ined (2000) d o lla rs 1 2 .................................................... P er capita: C urrent dollars ........................................................................................... . C hained (2000) do lla rs ........................................... ZZZZZZZZZZZZZZZZ! Population (m idperiod, th o u s a n d s )3 ....................................... Z !!!!..!!!!....!........ 1. Co n sist s o f n on m o r t g ag e in t e r est p a id b y h o u se h o ld s . 2 . Eq u a ls d isp o sa b le p e r so n a l in c o m e d e f la t e d b y t h e im p licit p r ice d e fla t o r f or p e r s o n a l co n su m p t io n e x p en d it u r e s. 3 . Po p u la t io n is t h e t ot al p o p u lat io n o f t h e U n it e d St a t e s, in clu d in g t h e A r m e d Fo r c e s o v e r se a s a n d t h e in st it u t io n a lize d p o p u lat io n . T h e m on t h ly e st im a t e is t h e a v e r a g e o f e st im a t e s f o r t h e f ir st o f t h e m on t h a n d t h e f irst of t h e f o llo w in g m on t h ; t h e a n n u a l a n d q u a r t e r ly e st im 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 ly e st im at es. T a b le 3.— P e rs o n a l In c o m e a n d Its D is p o s itio n , C h a n g e fro m P re c e d in g P e rio d (M o n th s ) [Billions of dollars] Seasonally adjusted at annual rates 2005 Sep. Aug. P e rs o n a l in c o m e ........................................................................... C o m p e n s a tio n o f e m p lo y e e s , r e c e iv e d W a g e a n d s a la ry d is b u r s e m e n ts 5 5 .4 3 1 .2 5 5 .2 7 1 .8 3 3 .2 8 8 .8 3 3 .9 6 .8 3 2 .6 6 1 .7 3 3 .2 3 4 .0 4 .7 2 8 .7 4 0 .5 2 4 .0 2 4 .7 28.6 2 .0 - 1 .2 27.2 4.5 19.8 2.9 2 2 .2 2 .8 2 .0 16.8 4.1 12.7 4.2 • 19.4 4.2 15.3 2 .6 2 .6 2 2 .8 9.3 17.5 4.0 13.5 3.0 4.3 1.1 - .1 2 .6 1.6 35.3 4.5 1.3 30.9 5.0 25.8 5.2 8 .8 9 .7 4 .2 2.1 3 .9 2 1 .2 9 .2 8.5 .3 7.8 9 .3 2 .0 13.6 7.5 8 .0 1.2 8 .0 2.3 2.1 .1 2.3 1 .8 11.1 - 5 .0 3.2 3.3 1 .0 22.7 3.9 18.8 1 .6 1 .6 2 .6 1.3 -5 5 .9 6 7 .0 2 .9 6 .6 6.1 2 .6 - 1 .4 6 .7 .3 6 6 .6 1.4 1.5 1.9 4.7 1.9 4.2 -4 .8 7.4 - 2 .8 1.4 - .5 7.2 -3 0 9 .9 2 9 7 .0 - 4 .3 3 .4 - 3 .8 -6 .3 - 2 .1 7 .9 8.1 1 8 .0 1 8 .0 18.1 2 .6 2 .0 3.1 4.8 3.2 4.9 2 .6 1 2 .8 1 2 .8 5.2 12.9 5.2 5.1 - 1 .6 4.3 -1 .7 3.8 - 1 .7 4.2 1 3 3 .5 -9 9 .9 9 .0 - 3 .4 5 .8 2 9 .3 5.1 5.0 3.9 -.3 1.4 128.5 20.4 .7 2.4 17.2 -12 0 .3 5 1 .6 6.1 7.5 .5 5.8 29.5 42.9 -1 .4 -1 1 .9 5.1 11.7 -1 .3 -5 .4 51.6 48.4 1 .0 3 .6 .................................. L e s s : P e rs o n a l c u r r e n t t a x e s ......................................... 2.9 .7 - 1.1 2 .6 8.1 2.9 -1 0 .9 4.1 .4 1 0 .2 -.9 -3 .6 0 -.2 0 3 .4 1 8 .2 3 .6 -3 .3 0 3.2 .1 2 .9 2 .0 5 .6 1 1 .3 3 .6 7 .5 2 2 .2 1 0 .0 1 0 .4 .................. -2 0 7 .5 3 05.1 4 4 .2 2 7 .5 4 7 .7 4 9 .7 23.1 7 8 .4 .............................................. E q u a ls : D is p o s a b le p e r s o n a l in c o m e L e s s : P e rs o n a l o u tla y s 2 9 .7 28.3 2.9 .4 25.4 - 1.6 -54.1 Personal interest income ......................................... Personal dividend in c o m e .............................. L e s s : C o n tr ib u tio n s f o r g o v e r n m e n t s o c ia l in s u r a n c e 3 2 .6 7.9 7.8 4.1 0 .......... Government social benefits to p e rs o n s .................. Old-age, survivors, disability, and health insurance b e n e fits .................. Government unemployment insurance benefits .... Other ................................................... Other current transfer receipts, from business (net) .................................. 10 .9 -2 .5 Employer contributions for employee pension and insurance f u n d s ...... Employer contributions for governm ent social in s u ra n c e ........................ P e rs o n a l c u r r e n t t r a n s fe r r e c e i p t s .......................... M ar.? 4 2 .3 S u p p le m e n ts to w a g e s a n d s a la rie s ..................... P e rs o n a l in c o m e re c e ip ts o n a s s e ts F eb.r 3 1 0 .8 ..................... R e n ta l in c o m e o f p e r s o n s w ith c a p ita l c o n s u m p tio n a d j u s t m e n t .............. J a n .r Dec. 1 9 .7 Private industries ................................................ Goods-produclng in d u s trie s .................... M anu fa ctu rin g .................................... Servlces-produclng industries .................. Trade, transportation, and u tilitie s ....................... Other services-producing industries ..................... G o ve rn m e nt................................................ Farm .............................................................. Nonfarm ............................................................ Nov. -2 0 5 .6 ...................... P r o p r ie to r s ’ in c o m e w ith in v e n to r y v a lu a tio n a n d c a p ita l c o n s u m p tio n a d j u s t m e n t s .......................................................... 2006 Oct. -3 7 .7 3 6 .8 2 3 .4 4 2 .2 6 3 .3 7 9 .2 2 0 .7 5 2 .7 Personal consumption expenditures .................. Durable g o o d s .......................................... Nondurable goods ......................................... S e rv ic e s ............................................... Personal interest pa ym ents 1 ................................. Personal current transfer p a y m e n ts ................... To government ......................................... To the rest of the world ( n e t ) ....................... -3 8 .9 -9 8 .3 36.7 35.7 -40 .8 40.5 36.0 22.5 -2 5 .6 14.6 33.6 63.0 39.7 3.3 78.5 19.0 52.2 7.2 2 0 .0 51.8 5.1 7.5 39.2 .6 .6 .6 0 -.2 1.1 41.8 35.4 -2 6 .0 32.3 - .3 E q u a ls : P e rs o n a l s a v i n g ................................................ -1 6 9 .7 2 6 8 .2 2 0 .9 -1 4 .7 -1 5 .6 - 2 2 0 .2 196.4 2 0 .8 59.8 42.9 2 2 .6 .6 .4 .4 0 .7 .4 .6 .7 0 2 0 .1 -.2 .6 .6 0 -1 9 .6 -8 .9 48.5 .2 2 .5 .6 .6 - .3 .7 .2 .6 6 0 0 -2 9 .5 2 .3 2 5 .8 3.9 16.1 39.1 Addendum : Real disposable personal income, billions of chained (2000) d o lla rs 2 ........... p Pr e lim in ar y r Re v ise d 1 . Co n s is t s o f n o n m o r t g a g e in t e r est p a id b y h o u se h o ld s. 2 . Eq u a ls d is p o s a b le p e r s o n a l in co m e d e f la t e d b y t h e im p licit p r ice d e fla t o r f o r p e r s o n a l co n s u m p t io n e x p en d it u r e s. T a b le 4.— P erso n al In c o m e a n d Its D is p o s itio n , C h an g e fro m P re c e d in g P erio d (Y e a rs an d Q u a rte rs ) [Billions of dollars] Seasonally adjusted at annual rates 2004 2005 2004 IV 2005 I II 2006 III IV i Personal income ..................................................................................... 5 4 4 .2 5 3 5 .0 2 9 5 .6 4 8 .6 1 1 2 .3 6 4 .7 2 3 3 .3 1 7 0 .7 Compensation of employees, received ................................................ 3 6 6 .5 4 3 7 .7 1 7 1 .6 1 0 5 .9 5 8 .5 1 1 7 .4 84 .1 1 1 9 .2 2 7 8 .3 3 3 4 .3 1 4 0 .9 6 7 .0 4 2 .4 9 0 .0 6 7 .8 8 5 .4 242.2 42.7 19.0 199.5 41.1 158.4 36.2 302.1 70.8 34.3 231.3 56.0 175.3 32.1 133.7 20.7 11.7 113.1 24.8 88.3 7.2 55.2 16.2 7.5 38.9 6.7 32.2 36.9 82.3 74.7 8 .0 .2 2 2 .8 1 1 .8 29.1 13.3 15.8 5.5 9.2 59.5 11.7 47.7 7.7 60.5 16.3 7.9 44.1 8.4 35.8 7.3 88.1 1 0 3 .5 3 0 .6 3 8 .9 16.1 2 7 .4 1 6 .3 3 3 .7 65.5 22.7 79.5 23.9 21.7 9.0 30.4 8.5 14.4 22.4 5.0 12.1 23.9 9.8 Wage and salary disbursements ..................................................... Private industries ....... ................................................ ”” .... Z"...... Goods-producing industries................... ...................................... Manufacturing........................................................................ Services-producing industries ................ ZZZZZZZZZZZZZ" Trade, transportation, and utilities............. Z Z Z Z Z Z Z Z Z Z Other services-producing industries......................................... Government................................................................................... Supplements to wages and sa laries ................................................ Employer contributions for employee pension and insurance funds .... Employer contributions for government social insurance................... Proprietors’ income with inventory valuation and capital consumption adjustments..................................................................................... Farm ................................................. ZZZZZZZZZZZZZZZZZ Nonfarm..................................................... ZZZZZZZZZZZZZZI Rental income of persons with capital consumption ad justm ent......... Personal income receipts on a s s e ts .................................................... Personal interest income .......................................... ZZZZZZZZZ" Personal dividend income.......................... Z ! Z Z Z 1.6 4.2 1 0 .0 2 .0 64.7 12.9 51.9 10.7 7 9 .4 49.1 1 1 .8 1 7 .0 18 .7 -4 .2 3 5 .3 1 0 .2 8.1 -5.1 16.9 .1 71.4 -1 5 .0 64.0 16.9 -5.1 23.9 - 1 .6 - 2 .8 3.0 32.4 -4 .9 15.1 2 .5 -6 1 .3 6 .6 -1 0 .7 -1 3 .6 -1 1 5 .5 9 1 .4 -1 0 .2 5 7 .8 6 0 .9 1 1 5 .4 -8 5 .7 3 1 .9 29 .1 4 4 .0 2 2 .9 -1 1 .7 69.5 39.8 2.7 112.7 8 .0 2 0 .6 -9 3 .7 11.3 15.2 13.8 28.9 15.3 9.5 13.3 2 1 .1 P e rs o n a l c u r r e n t t r a n s fe r r e c e i p t s ................................................... 8 3 .5 9 7 .8 7 .7 3 9 .6 2 0 .8 4 8 .5 -1 3 .4 5 2 .6 89.2 55.4 -7.1 40.9 22.4 40.2 22.5 -3 .0 20.7 - .7 20.7 14.2 -1 .4 2 .8 28.3 8.5 ZZZZZI 81.0 50.0 -16.8 47.8 2.5 18.7 -4 1 .7 56.5 73.7 -3 .2 -14.1 -3 .8 4 5 .6 4 9 .0 1 7 .6 2 3 .9 4 9 .2 1 6 0 .6 3 5 .9 4 9 5 .0 3 7 4 .4 2 5 9 .5 5 1 6 .2 5 5 9 .6 504.4 37.7 179.3 287.4 3.5 531.4 38.7 196.1 296.7 19.2 8.9 Government social benefits to p e rs o n s ..................... Z Z Z Z , Old-age, survivors, disability, and health insurance benefits Government unemployment insurance benefits ................... Other .................................................................................... Other current transfer receipts, from business (net) L e s s : C o n tr ib u tio n s fo r g o v e r n m e n t s o c ia l in s u r a n c e ............. L e s s : P e rs o n a l c u r r e n t t a x e s ........................... E q u a ls : D is p o s a b le p e r s o n a l in c o m e L e s s : P e rs o n a l o u tla y s ........................................................ ................................................................................... Personal consumption e x p e n d itu re s ................................................... Durable g o o d s ................................................................................ Nondurable g o o d s ................................................ ZZZZZZZZZ S e rv ic e s ............................................................. Z Z Z Z Z Z Z ! Personal interest paym ents 1 ........................ Z Z Z Z Z Z Z .™ Personal current transfer p a y m e n ts ........................... Z Z Z Z Z Z Z To g o v e rn m e n t............................................................... Z.ZZZZ To the rest of the world ( n e t ) ................... Z.ZZZZZZZZZZZ! E q u a ls : P e rs o n a l s a v in g ................................................................................. 8 .6 1 1 .8 8 .0 .1 7.9 .5 -5 .6 45.6 1 7 .5 3 .9 1 0 .5 8 .2 77 .1 3 4 .6 1 4 .4 2 0 .6 3 8 .5 -2 8 .4 7 7 .7 5 0 .3 2 1 2 .7 1 3 2 .2 1 5 8 .7 1 2 9 .6 1 4 6 .6 1 7 2 .7 8 4 .6 1 6 6 .9 152.9 14.8 58.7 79.4 5.9 119.7 8.7 39.5 71.4 1.9 141.2 18.2 57.1 167.0 15.4 71.2 80.5 4.8 82.2 -4 8 .8 37.6 93.3 165.0 45.9 42.3 76.8 - .9 11.4 -1 4 .6 6 6 .0 1 .2 1.1 .1 2 .2 1.5 - .5 1.9 .4 6 .2 - .1 1.6 8.1 6.5 1.7 2.7 -1 .7 6 .6 7.2 - 2 .0 1.4 -3 .4 -2 1 .0 -1 8 5 .3 1 0 0 .8 -1 5 8 .0 -6 8 .9 -1 2 2 .4 128.1 -3 4 .7 262.5 115.7 175.9 -71.1 4.5 -28 .4 132.2 76.3 8 .2 1.5 .2 1.7 1.9 - .3 Addendum : Real disposable personal income, billions of chained (2000) d o lla rs 2 1. Co n s is t s o f n o n m o r t g a g e in t e rest p a id b y h o u se h o ld s. 2 . Eq u a ls d is p o sa b le p e r s o n a l I n co m e d e f la t e d b y t h e im p licit p r ice d e fla t o r f o r p e r s o n a l co n su m p t io n e x p en d it u r e s. T a b le 5.— P e rs o n a l In c o m e a n d Its D is p o s itio n , P e rc e n t C h a n g e fro m P rec ed in g P e rio d (M o n th s ) Seasonally adjusted at m onthly rates 2005 Sep. Aug. 2006 Oct. Nov. J a n .r Dec. Uiar.p Feb.»' Based on current-dollar measures P e r s o n a l In c o m e ......................................................... Compensation of employees, re c e iv e d ....................... Wage and salary disbursements ................... Supplements to wages and salaries ........................................................... Proprietors’ Income with inventory valuation and capital consum ption adjustments ....................................................... Rental income of persons with capital consumption adjustment .................... Personal income receipts on a s s e ts ...............'............ ‘ .... Personal interest income ............................ Personal dividend in c o m e ....................................... Personal current transfer re c e ip ts .......................... - 2 .0 3.1 0 .5 0.3 0 .5 0 .7 .3 0 .3 .6 .6 .5 .1 .1 .4 .5 .3 .8 .5 5 .7 1.5 .4 4 .6 .6 - .1 .7 _4 7 .1 .2 -.2 .2 .6 Less: Contributions for government social insurance ....... ................ 7.5 .3 -5 1 .7 .6 43 -4 7 .5 .3 .9 - 8 .1 1.2 1 .2 1.2 1.3 1.3 1.3 1 .0 .6 -,2 1 .0 1 .0 .3 -& Q _2.9 .2 -.2 .8 -.2 .7 1.9 4 .8 *k 'k J3 .1 .4 .5 .4 2 .0 .4 2 .3 .5 .9 .3 .6 1 .8 .8 .8 - 2 .3 3 .4 .5 .3 .5 .5 .2 .8 - .4 -8 .7 1.4 .4 .4 -4 .0 .3 - 2 .6 .5 .7 4.0 .9 3.7 .6 .5 1 .6 .6 .6 .2 -1 .9 - .3 .9 .2 .5 L e s s : P e r s o n a l c u r r e n t t a x e s .............................................. E q u a ls : D is p o s a b le p e r s o n a l in c o m e .2 .7 -5 .9 .5 .3 .9 8.9 .5 .3 0 .8 0 A ddenda: Personal consumption expenditures ...................... Durable g o o d s .............................................. Nondurable goods ........................................ Services ..................................................... .7 - 1 .0 .1 .6 .4 1 .8 2 .0 .1 .3 .7 Based on chained (2000) dollar measures Real disposable personal in c o m e ................................. -2 .7 2.5 .3 .7 .5 0 p Pr e lim in a r y r Re v ise d T a b le 6.— P ers o n a l In c o m e a n d Its D is p o s itio n , P e rc e n t C h a n g e fro m P re c e d in g P erio d (Y e a rs an d Q u a rte rs ) Seasonally adjusted at annual rates 2004 2005 2004 2005 IV I II 2006 III IV I Based on current-dollar measures P e rs o n a l in c o m e .......................................... Compensation of employees, re c e iv e d ......................... Wage and salary d is b u rs e m e n ts ................ 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 a s s e ts ................ Personal Interest income ............................. Personal dividend in c o m e ..................... Personal current transfer re c e ip ts .................... Less: Contributions for government social Insurance ....... L e s s : P e rs o n a l c u r r e n t t a x e s ............................. E q u a ls : D is p o s a b le p e r s o n a l in c o m e ............... 5 .9 5 .5 1 2 .7 2 .0 4 .5 2 .6 9 .4 5.8 5.4 7.3 6.5 6 .7 1 0 .6 1 0 .8 6.3 4.9 6 .8 1 2 .2 8.1 4.8 4.8 4.7 6.7 9.8 3.4 3.0 4.8 9.8 1.9 4.3 -1 .3 16.5 5.5 -4 5 .7 4.4 4.4 4.3 5.4 23.6 37.9 16.0 4.3 -42LO 8.3 6.7 11.4 13.5 1 2 .6 6 .2 2 .2 8.4 -3 8 .6 9.4 9.3 9.5 5.7 - 1 .8 134.9 7.8 -2 9 .5 - 2 1 .0 3.6 -5 0 .2 11.4 12.7 12.3 - 3 .4 3.9 10.4 14.3 6 .2 8 .0 1.2 6.5 6 .0 9.8 6 .2 6 .8 5.9 6 .0 8 .8 8.5 1 .8 4.9 3.8 11.3 4 .9 1 5 .3 1 4 .3 3 1 .3 1 2 .4 4 .8 6 .9 1 3 .0 6.1 4 .3 1 2 .5 - 1 .3 3 .5 2 .3 9 .8 5 .8 6.5 4.0 7.6 5.8 3.5 6 .8 7.9 6.1 6.1 10.3 6.7 5.9 3.8 -1 7 .3 5.9 7.4 7.6 19.6 6.3 7.3 9.5 5.3 6 .1 8 .2 6.5 3.9 8.3 6.7 3.8 A ddenda: Personal consumption e x p e n d itu re s ................ Durable g o o d s ............................................ Nondurable g o o d s .......................................... Services ..................................................... 6 .6 11.7 6.5 6 .6 5.9 Based on chained (2000) dollar measures Real disposable personal In c o m e .................... 3.4 1.4 9.1 -3 .4 .2 - 1 .4 T a b le 7.— R eal P e rs o n a l C o n s u m p tio n E xp e n d itu res b y M a jo r T yp e o f P ro d u c t (M o n th s ) W--------------------------------------------------------------- 2005 Sep. Aug. 2006 Oct. Nov. J a n .r Dec. F eb.'- M ar.^ Billions of chained (2000) dollars, seasonally adjusted at annual rates P e rs o n a l c o n s u m p tio n e x p e n d itu re s .......... Durable goods .............................. Nondurable goods ........................ Services .......................................... 7 ,8 9 9 .2 7 ,8 5 6 .9 7 ,8 5 9 .1 7 ,9 3 0 .2 7 ,9 8 6 .8 8 ,0 1 7 .5 8 ,0 3 0 .9 8 ,0 4 7 .5 1,149.8 2,314.5 4,452.2 1,103.6 2,296.7 4,464.5 1,074.9 2,316.7 4,468.7 1,116.4 2,338.8 4,483.8 1,161.9 2,347.2 4,495.1 1,182.3 2,371.2 4,486.2 1,161.9 2,367.6 4,517.9 1,169.5 2,357.2 4,537.9 Change from preceding period in billions of chained (2000) dollars, seasonally adjusted at annual rates P e rs o n a l c o n s u m p tio n e x p e n d itu re s ........... Durable goods ............................... Nondurable goods .......................... Services .................................................... -6 8 .3 -4 2 .3 2 .2 71.1 5 6 .6 3 0 .7 1 3 .4 1 6 .6 -106.1 8.4 8.5 -46 .2 -17 .8 12.3 -2 8 .7 41.5 2 0 .0 2 2 .1 4.2 20.4 24.0 -8 .9 -2 0 .4 -3 .6 31.7 7.6 -1 0 .4 15.1 45.5 8.4 11.3 2 0 .0 Percent change from preceding period In chained (2000) dollars, seasonally adjusted at monthly rates P e rs o n a l c o n s u m p tio n e x p e n d itu re s ....... Durable goods ................................ Nondurable goods ........................ Services ..................................................... -.9 -.5 0 .9 .7 .4 .2 -8 .5 .4 -4 .0 3.9 -.2 .2 .3 .1 .3 .3 1 .8 1 .0 -.2 6 1 .0 4.1 .4 -1 .7 -.8 - 2 .6 .9 -4 .4 ,2 .7 p Pr e lim in a r y r Re v ise d T a b le 8.— R eal P ers o n a l C o n s u m p tio n E xp e n d itu res b y M a jo r T y p e o f P ro d u c t (Y e a rs an d Q u arters ) Seasonally adjusted at annual rates 2004 2005 2004 2005 IV 1 II 2006 III IV I Billions of chained (2000) dollars P e rs o n a l c o n s u m p tio n e x p e n d itu re s Durable goods ............................... Nondurable goods ......................... . Services ......................................... 7 ,5 8 8 .6 7 ,8 5 6 .9 7 ,6 9 8 .8 7 ,7 6 4 .9 7 ,8 2 9 .5 7 ,9 0 7 .9 7 ,9 2 5 .4 1,089.9 2,200.4 4,310.9 1,138.4 2,297.9 4,436.4 1,115.1 2,236.5 4,362.1 8 ,0 3 2 .0 1,122.3 2,265.6 4,392.0 1,143.9 2,285.9 4,417.6 1,169.7 2,305.8 4,453.5 1,117.7 2,334.2 4,482.6 1,171.2 2,365.3 4,514.0 Change from preceding period In billions of chained (2000) dollars P e rs o n a l c o n s u m p tio n e x p e n d itu re s Durable goods ............................... Nondurable goods ......................... . Services ......................................... 2 8 2 .0 2 6 8 .3 8 1 .3 66.1 6 4 .6 7 8 .4 17 .5 61.4 98.6 127.0 48.5 97.5 125.5 1 0 6 .6 14.7 29.6 38.1 7.2 29.1 29.9 2 1 .6 25.8 19.9 35.9 -52 .0 28.4 29.1 53.5 31.1 31.4 20.3 25.6 Percent change from preceding period In chained (2000) dollars P e rs o n a l c o n s u m p tio n e x p e n d itu r e s Durable goods ............................... . Nondurable goods ......... ................ . Services ......................................... 3 .9 3 .5 4 .3 3 .5 3 .4 4.1 .9 4.5 4.4 2.9 5 .5 6 .0 5.5 5.5 3.6 2 .6 7.9 3.6 2.3 9.3 3.5 3.3 -16.6 5.0 2 0 .6 2 .6 2 .8 4.7 3.0 5.3 2 .8 5.4 T a b le 9.— P rice In d ex es fo r P e rs o n a l C o n s u m p tio n E x p en d itu re s : L e ve l an d P e rc e n t C h a n g e F ro m P rec ed in g P e rio d (M o n th s ) 2005 Sep. Aug. 2006 Oct. Nov. J a n .1- Dec. F e b .' M ar.* Chain-type price indexes (2000=100), seasonally adjusted P e rs o n a l c o n s u m p tio n e x p e n d itu re s ( P C E ) .................. Durable goods ................................'........ . Nondurable goods ....................................... Services ............................................................... 1 11 .6 5 1 1 1 2 .7 0 7 1 1 2 .9 6 4 1 1 2 .4 7 7 1 1 2 .4 7 0 1 1 3 .0 2 0 89.742 112.499 116.442 89.795 115.138 116.929 89.804 114.769 117.568 89.637 112.574 117.892 RQ R R 7 RQ RHR 112.310 1 1 R RR1 109.428 110.704 107.787 109 658 111.834 107.946 109.936 112.034 108.156 1 1 0 .1 0 1 110.249 110.436 111.430 108.304 1 1 1 RQ 4 m 108.447 108.557 1 1 3 .0 7 9 1 1 3 .4 9 0 i lo . y y o ■i o .* + o y A ddenda: PCE excluding food and e n e rg y ............................ Market-based P C E 1 ......................................... Market-based PCE excluding food and e n e rg y 1 .. 110.586 QAn 108.675 109.027 Percent change from preceding period in price indexes, seasonally adjusted at m onthly rates PCE ...................................................................................... Durable goods ................................................ Nondurable goods ............................................ Services ........................................................... .4 .9 -.3 .1 1.1 .2 _ 2.3 .4 - .3 .5 -1 .9 .2 2 .3 .2 .4 1 .0 .1 .2 .2 - .5 2 n -.4 o p - .1 .3 .1 A ddenda: PCE excluding food and e n e rg y ....................... Market-based P C E 1 ..................................... Market-based PCE excluding food and e n e rg y 1 .............. .1 .1 .2 o .1 .1 o .5 .1 .1 .3 .1 p Pr e lim in ar y r Re v ise d 1. T h is in d e x is a su p p le m e n t a l m e a su r e t h at is b a se d o n h o u se h o l d e x p e n d it u r e s f or w h ich t h e r e a r e o b se r v a b le p r ice m e a su r e s. It e x cl u d e s m o st im p licit p r ice s ( f or e x a m p le , t h e s e r v ic e s f u r n ish e d w it h o u t p a y m en t b y f in a n cia l in t e r m e d ia r ies) an d t h e e x p e n se s o f n on p r of it in st it u t ion s. T a b le 10.— R eal D is p o s ab le P e rs o n a l In c o m e an d R e a l P erso n al C o n s u m p tio n E x p e n d itu re s : P e rc e n t C h a n g e F ro m M on th O n e Y ea r Ago 2005 Sep. Aug. D is p o s a b le p e rs o n a l I n c o m e ............................... 2006 Oct. Nov. J a n .'’ Dec. F eb .r M ar.* - 0 .9 1 .6 1 .4 1 .7 - 1 .6 2 .1 2.1 2 .6 3 .8 2 .9 2 .5 3 .2 3 .2 3 .6 3 .3 3 .4 5 .0 .7 -2 .3 .9 2 .1 6 .9 3 .5 2 .8 5 .2 3 .3 3 .6 4 .8 4 .8 4 .7 4 .0 4 .5 3 .0 3 .0 2 .8 2 .8 2 .7 2 .4 2 .9 3 .0 P e rs o n a l c o n s u m p tio n e x p e n d i t u r e s .................... Durable goods ............................................................. Nondurable goods ............................................ Services ....................................................... p Pr e lim in ar y r Re v ise d T a b le 1 1 — P rice In d e x e s fo r P e rs o n a l C o n s u m p tio n E x p e n d itu re s : P e rc e n t C h a n g e F ro m M o n th O n e Y e a r A g o 2005 Sep. Aug. P e rs o n a l c o n s u m p tio n e x p e n d itu re s (P C E ) Durable goods ............................................ Nondurable goods ....................................... Services ......................................................... 2006 Oct. Nov. J a n .' Dec. F e b .' M a r.* 2 .9 3 .8 3 .5 2 .8 2 .8 3.1 2 .9 2 .9 - .5 4.4 2.9 - .5 3.2 - .7 5.2 3.5 - .9 3.1 3.4 - 1.1 3.3 3.3 -1 .3 4.3 3.4 - 1 .2 3.7 3.4 -1 .4 3.4 3.4 2 .0 2 .0 2 .0 3.8 1.7 3.5 1.7 1.9 2.7 2 .0 2.9 1.7 1.9 3.1 1.5 1.8 2 .8 2 .0 2 .8 1.5 1.6 6 .8 A ddenda: PCE excluding food and e n e rg y ...................... Market-based P C E 1 ................................... Market-based PCE excluding food and e n e rg y 1 ........ p Pr e lim in ar y r Re v ise d 1. T h is in d e x is a su p p le m e n t a l m e a s u r e t h at is b a se d o n h o u se h o l d e x p e n d it u r e s f o r w h ich t h e r e ar e o b se r v a b le p r ice m e a su r e s. It e x clu d e s m ost im p licit p r ice s ( f or e x a m p le , t h e s e r v ic e s f u r n ish e d w it h o u t p a y m en t b y f in a n cia l in t e r m e d ia r ies) a n d t h e e x p e n se s o f n o n p r of it in st it u t io n s. 1.6 2.7 1.7
@FedFRASER