The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
¡52B E A N EW S RELEASE B U R E A U O F E C O N O M IC A N A LY SIS U .S. D E P A R T M E N T O F C O M M E R C E E M B A R G O E D U N T I L R E L E A S E A T 8 :3 0 A .M . E S T , F R I D A Y , D E C E M B E R 2 2 , 2 0 0 6 J a m e s E . R a n k in : (2 0 2 ) 6 0 6 -5 3 0 1 (P e r so n a l In c o m e ) M ic h a e l A r m a h : (2 0 2 ) 6 0 6 -5 3 0 2 (P e r s o n a l O u tla y s ) B E A 0 6 -5 9 PERSONAL INCOM E AND OUTLAYS: NOVEMBER 2006 P e r s o n a l in c o m e in c r e a s e d $ 3 3 .8 b i ll io n , o r 0 .3 p e r c e n t, a n d d i s p o s a b le p e r s o n a l in c o m e (D P I ) in c r e a s e d $ 2 7 .0 b illio n , o r 0 .3 p e r c e n t , in N o v e m b e r , a c c o r d in g to t h e B u r e a u o f E c o n o m ic A n a ly s is 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 (P C E ) in c r e a s e d $ 5 0 .5 b illio n , o r 0 .5 p e r c e n t. In O cto b er, p e r s o n a l in c o m e in c r e a s e d $ 3 5 .7 b i ll io n , o r 0 .3 p e r c e n t, D P I in c r e a s e d $ 2 1 .2 b illio n , o r 0 .2 p e r c e n t, a n d P C E in c r e a s e d $ 2 6 .2 b illio n , o r 0 .3 p e r c e n t, b a s e d o n r e v is e d e s tim a t e s . 2006 J u ly A ug. S e p t. O ct. N ov. (P e r c e n t c h a n g e fr o m p r e c e d in g m o n th ) P e r s o n a l in c o m e , c u r r e n t d o lla r s 0 .6 0 .5 0 .5 0 .3 0 .3 D is p o s a b le p e r so n a l in c o m e : C u r r e n t d o lla r s 0 .7 0 .6 0 .5 0 .2 0 .3 C h a in e d ( 2 0 0 0 ) d o lla r s 0 .4 0 .3 0 .9 0 .4 0 .3 C u r r e n t d o lla r s 0 .7 0 .1 0 .0 0 .3 0 .5 C h a in e d ( 2 0 0 0 ) d o lla r s 0 .4 - 0 .1 0 .3 0 .5 0 .5 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 : N O T E .- M o n t h ly e s tim a t e s a re e x p r e s s e d a t s e a s o n a lly a d ju s te d a n n u a l r a te s , u n le s s o t h e r w is e s p e c ifie d . M o n t h -t o - m o n t h d o lla r c h a n g e s a r e 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 t im a t e s . p e r c e n t c h a n g e s a re c a lc u la t e d f r o m u n r o u n d e d d a ta a n d are n o t a n n u a liz e d . M o n th -to -m o n th “ R e a l” e s tim a t e s are in c h a in e d ( 2 0 0 0 ) d o lla r s . T h is n e w s r e le a s e is a v a ila b le o n B E A 's W e b s ite a t w w w .b e a .g o v /b e a /r e ls .h t m . -m o re- W a g e s a n d 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 $ 1 8 .2 b i l l i o n in N o v e m b e r , c o m p a r e d w it h an in c r e a s e o f $ 2 6 .6 b illio n in O c to b e r . G o o d s - p r o d u c in g in d u s t r ie s ' p a y r o lls in c r e a s e d $ 1 .3 b illio n , c o m p a r e d w i t h a n i n c r e a s e o f $ 5 . 6 b i l l i o n ; m a n u f a c t u r i n g p a y r o l l s d e c r e a s e d $ 0 . 3 b i l l i o n , in c o n t r a s t to a n in c r e a s e o f $ 3 .3 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 7 .0 b illio n , c o m p a r e d w ith an in c r e a s e o f $ 2 1 .0 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 .9 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 $ 2 .5 b illio n . D i s p o s a J b a l e n u P a e r y r s o n 2 0 0 a 2 l t I n h r c o o m u g e h a N n d o v P e m e r b s o e r n a 2 l 0 O 0 6 (B illio n s o f d o llars; se aso n ally ad justed at an n u al rates) -m o re- u t l a y s 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 a g e s a n d s a la r ie s in c r e a s e d $ 5 .6 b illio n in N o v e m b e r , c o m p a r e d w it h an in c r e a s e o f $ 7 .0 b illio n in O c to b e r . P r o p r ie to r s i n c o m e i n c r e a s e d $ 1 .1 b i l l i o n in N o v e m b e r , c o m p a r e d w it h a n in c r e a s e o f $ 5 .8 b illio n in O c to b e r . $ 2 .8 b illio n . F a r m p r o p r ie to r s ' i n c o m e in c r e a s e d $ 0 .9 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 N o n f a r m p r o p r ie to r s ' in c o m e in c r e a s e d $ 0 .3 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 $ 3 .0 b illio n . R e n ta l in c o m e o f p e r s o n s d e c r e a s e d $ 2 .2 b illio n in N o v e m b e r , c o m p a r e d w it h a d e c r e a s e o f $ 3 .9 b illio n in O c to b e r . P e r s o n a l in c o m e r e c e ip ts o n a s s e ts (p e r s o n a l in te r e s t in c o m e p lu s p e r so n a l d iv id e n d in c o m e ) in c r e a s e d $ 1 0 .9 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 0 .7 b illio n . P erson al c u r r e n t tr a n sfe r r e c e ip t s d e c r e a s e d $ 0 .1 b illio n in N o v e m b e r , c o m p a r e d w it h a d e c r e a s e o f $ 7 .9 b i ll io n in O c t o b e r . 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 - a s u b tr a c tio n in c a lc u la t in g p e r s o n a l in c o m e - in c r e a s e d $ 2 .7 b illio n in N o v e m b e r , c o m p a r e d w ith a n in c r e a s e o f $ 5 .0 b illio n in O c to b e r . P e r s o n a l c u r r e n t t a 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 r s o n a l c u r r e n t t a x e s in c r e a s e d $ 6 .9 b illio n in N o v e m b e r , c o m p a r e d w it h a n in c r e a s e o f $ 1 4 .4 b illio n in O c to b e r . - D is p o s a b le p e r s o n a l in c o m e (D P I ) — p e r s o n a l in c o m e le s s p e r s o n a l cu rren t ta x e s in c r e a s e d $ 2 7 .0 b i ll io n , o r 0 .3 p e r c e n t , in N o v e m b e r , c o m p a r e d w i t h a n in c r e a s e o f $ 2 1 .2 b illio n , o r 0 .2 p e r c e n t, in O c to b e r . -m o re- - 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 P e r s o n a l o u tla y s -- P C E , p e r s o n a l in te r e s t p a y m e n ts , a n d p e r s o n a l c u r r e n t tr a n sfe r p a y m e n ts in c r e a s e d $ 5 0 .5 b illio n in N o v e m b e r , c o m p a r e d w it h a n in c r e a s e o f $ 2 6 .2 b illio n in O c to b e r . PCE in c r e a s e d $ 5 0 .5 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 $ 2 6 .2 b illio n . P e r s o n a l s a v in g — D P I le s s p e r s o n a l o u tla y s — w a s a n e g a t iv e $ 9 5 .0 b illio n in N o v e m b e r , c o m p a r e d w it h a n e g a t iv e $ 7 1 .4 b illio n in O c to b e r . P e r s o n a l s a v in g a s a p e r c e n ta g e o f d is p o s a b le p e r s o n a l in c o m e w a s a n e g a t i v e 1 .0 p e r c e n t in N o v e m b e r , c o m p a r e d w i t h a n e g a t i v e 0 .7 p e r c e n t in O cto b e r . N e g a t iv e p e r s o n a l s a v in g r e f le c t s p e r s o n a l o u tla y s th a t e x c e e d d is p o s a b le p e r s o n a l in c o m e . S a v in g fr o m c u r r e n t in c o m e m a y b e n e a r z e r o o r n e g a t iv e w h e n o u tla y s a r e f in a n c e d b y b o r r o w in g ( in c lu d in g b o r r o w in g f in a n c e d t h r o u g h c r e d it c a r d s o r h o m e e q u ity lo a n s ) , b y s e llin g in v e s t m e n ts o r o th e r a s s e ts , o r b y u s in g s a v in g s fr o m p r e v io u s p e r io d s . “P e r s o n a l S a v in g ” o n B E A ’s W e b s ite . F o r m o r e in fo r m a tio n , s e e th e F A Q s o n F o r a c o m p a r is o n o f p e r s o n a l s a v in g in B E A ’s n a tio n a l i n c o m e a n d p r o d u c t a c c o u n t s w i t h p e r s o n a l s a v i n g in t h e F e d e r a l R e s e r v e B o a r d ’s f l o w o f f u n d s a c c o u n ts a n d d a ta o n c h a n g e s in n e t w o r t h ( w h ic h h e lp fin a n c e c o n s u m p tio n ) , g o to h t tp ://w w w .b e a .g o v /b e a /d n /n ip a w e b /N ip a - F r b .a s p . R ëal D P I and real PC E R e a l D P I — D P I a d j u s te d t o r e m o v e p r ic e c h a n g e s -- in c r e a s e d 0 .3 p e r c e n t in N o v e m b e r , c o m p a r e d w ith a n in c r e a s e o f 0 .4 p e r c e n t in O c to b e r . R e a l P C E — P C E a d ju s te d t o r e m o v e p r ic e c h a n g e s s a m e in c r e a s e a s in O c to b e r . in c r e a s e d 0 .5 p e r c e n t in N o v e m b e r , th e P u r c h a s e s o f d u r a b le g o o d s i n c r e a s e d 1 .6 p e r c e n t in N o v e m b e r , c o m p a r e d w it h a n in c r e a s e o f 0 .6 p e r c e n t in O c to b e r . p e r c e n t, c o m p a r e d w ith a n in c r e a s e o f 0 .7 p e r c e n t. P u r c h a s e s o f n o n d u r a b l e g o o d s i n c r e a s e d 1 .0 P u r c h a s e s o f s e r v i c e s in c r e a s e d 0 .1 p e r c e n t , c o m p a r e d w ith a n in c r e a s e o f 0 .4 p e r c e n t. P C E p r ic e s - T h e p r i c e i n d e x f o r P C E in c r e a s e d l e s s t h a n 0 .1 p e r c e n t in N o v e m b e r , in c o n tr a st to a d e c r e a s e o f 0 .2 p e r c e n t in O c to b e r . P r ic e s , e x c lu d in g f o o d a n d e n e r g y , in c r e a s e d le s s t h a n 0 .1 p e r c e n t , c o m p a r e d w i t h a n i n c r e a s e o f 0 . 2 p e r c e n t . -m o re- -5- R e v is io n s E stim ates h a v e b e e n re v is e d fo r Ju ly th ro u g h O cto b er. C h an g e s in p e rso n al in co m e, cu rren td o lla r an d ch ain ed (2 0 0 0 ) d o lla r D P I, an d cu rre n t-d o lla r an d c h a in e d (2 0 0 0 ) d o lla r P C E fo r S e p te m b e r and O c to b er - re v is e d a n d as p u b lish e d in la st m o n th ’s re le a se - are sh o w n b elo w . C hange from preced in g m onth O ctober Septem ber P r e v io u s R e v is e d P r e v io u s ( B i l l i o n s o f d o lla r s ) R e v is e d (P e r c e n t) P r e v io u s R e v is e d ( B i l l i o n s o f d o lla r s ) P r e v io u s R e v is e d (P e r c e n t) P erso n a l In com e: C u r r e n t d o l l a r s ...................... 5 4 .3 5 6 .4 0 .5 0 .5 4 9 .3 3 5 .7 0 .4 0 .3 C u r r e n t d o l l a r s ...................... 4 9 .4 5 1 .7 0 .5 0 .5 3 3 .1 21.2 0 .3 0.2 C h a i n e d ( 2 0 0 0 ) d o l l a r s .......... 6 9 .7 7 1 .4 0 .8 0 .9 4 7 .5 3 6 .5 0.6 0 .4 - 4 .1 - 0 .2 0 .0 1 6 .9 2 6 .2 0.2 0 .3 22.1 0 .2 0 .3 3 2 .9 4 0 .3 0 .4 0 .5 D is p o s a b le p e r s o n a l in c o m e : 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 : C u r r e n t d o l l a r s ...................... C h a i n e d ( 2 0 0 0 ) d o l l a r s ........ -1 4 2 1 3 .6 -more- - 6 - B E A ’s n atio n a l, in te rn a tio n a l, re g io n a l, a n d in d u stry estim ate 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 ; an d B E A n e w s re le a s e s a re a v a ila b le w ith o u t c h arg e o n B E A ’s W eb site a t w w w .b e a .g o v . B y v isitin g th e site, y o u c an also s u b sc rib e to re c eiv e free e -m a il su m m a rie s o f B E A re le a se s and a n n o u n ce m e n ts. * * * N e x t re le a se ~ P e rs o n a l In c o m e a n d O u tlay s fo r D e c e m b e r w ill b e re le a s e d on F e b ru a ry 1, 2 0 0 7 , at 8:30 A .M . E S T . R elea se dates in 2007 D e c e m b e r 2006.. Ja n u a ry 2 0 0 7 ...... F e b ru a ry 2 0 0 7 .... M a rc h 2 0 0 7 ........ F e b ru a ry 1 M a rc h 1 M a rc h 30 A p ril 30 A p ril 2 0 0 7 .... M a y 2 0 0 7 ..... Ju n e 2 0 0 7 ..... J u ly 2 0 0 7 ...... Ju n e 1 June 29 Ju ly 31 A u g u st 31 -more- A u g u st 2 0 0 7 ......... S e p te m b e r 2 0 0 7 ... O c to b e r 2 0 0 7 ....... N o v e m b e r 2 0 0 7 ... S ep tem b er 28 N ovem ber 1 N o v e m b e r 30 D e c e m b e r 21 T a b le 1 — P erso n al In c o m e an d Its D is p o s itio n (M o n th s) [Billions of dollars] Seasonally adjusted at annual rates 2006 May June J u ly ' A ug.' S ep.' O ct.' Nov.r> 10,795.3 10,842.2 10,906.7 10,965.3 11,021.7 11,057.4 11,091.2 7,406.8 7,434.7 7,484.2 7,512.4 7,557.7 7,593.7 7,620.5 5,993.6 5.963.5 5,985.7 6,026.7 6,049.1 4 ,9 9 0 .4 6,087.6 4 ,9 5 8 .1 6.116.7 4 ,9 7 6 .4 6.137.8 5 ,0 1 2 .1 5 .0 6 1 .1 1 .1 7 4 .3 5 .0 8 7 .7 1 .1 7 0 .4 5 .1 0 5 .9 1 .1 7 4 .2 1 .1 7 9 .3 5 .0 2 8 .6 1 .1 8 2 .7 1 ,1 8 4 .9 7 3 6 .2 1 ,1 9 0 .5 7 3 0 .9 1 .1 9 1 .8 7 3 1 .2 7 3 6 .4 7 3 6 .5 3 .8 1 6 .1 7 3 9 .8 3 ,7 8 7 .7 7 3 9 .5 3 .8 0 2 .2 7 3 4 .8 3 ,8 3 2 .9 3 ,8 4 5 .9 3 .8 7 6 .2 3 ,8 9 7 .2 3 .9 1 4 .2 1 .0 0 1 .5 2 .8 3 1 .4 1 ,0 0 1 .3 1 .0 0 6 .3 1 ,0 0 9 .4 1 .0 1 1 .9 2 ,8 4 4 .6 2 ,8 7 0 .0 2 .8 8 7 .8 2 .9 0 2 .2 Apr. P e r s o n a l in c o m e 10,784.3 ........ 7,434.9 ............... 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 an d s a la r y d is b u r s e m e n ts Private industries ............................... Goods-producing industries.............. Manufacturing............................. Services-producing industries ........... Trade, transportation, and utilities ... Other services-producing industries Government...................................... S u p p le m e n ts to w a g e s a n d s a la r ie s ............................................................ Employer contributions for employee pension and insurance fu n d s... . Employer contributions for government social insurance................... P ro p r ie to rs ’ in c o m e w it h in v e n to r y v a lu a t io 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 ............................................................................................................ Farm ............................................................ Z Z Z Z i Z Z Z Z Z Nonfarm ................................................... 9 9 2 .7 987. i 9 9 2 .6 2 .8 2 3 .4 2 .8 0 0 .6 2 ,8 0 9 .6 1 .0 0 3 .2 1 .0 0 5 .4 1 .0 0 9 .2 1 .0 1 4 .6 1 ,0 2 0 .5 1 ,0 2 6 .5 1 ,0 2 9 .0 1 .0 3 1 .9 1,441.3 1,443.3 1,449.0 1,457.4 1,470.1 1,477.1 1.482.7 1 ,0 0 4 .5 1 ,0 0 9 .5 1 .0 1 3 .8 4 6 5 .6 4 6 7 .5 4 6 8 .9 1,024.3 9 8 1 .4 9 8 5 .6 990.1 9 9 5 .6 4 6 0 .0 1,463.3 1, 000.2 4 5 7 .7 4 5 8 .9 4 6 1 .8 4 6 3.1 1,010.1 1,014.8 1,010.7 1,009.9 2 0 .5 1,017.2 1,017.4 1 7 .5 1,023.2 14.6 17.1 2 1 .5 2 6 .4 9 8 9 .6 2 9 .2 9 9 7 .3 30.1 996.1 9 9 2 .9 9 9 5 .7 9 9 1 .0 9 9 4 .0 9 9 4 .3 74.2 71.8 68.2 73.4 78.1 83.4 79.5 77.3 1,625.4 1,647.3 1,670.2 1.676.7 1 ,0 0 2 .7 1,683.5 1,690.6 1 ,0 1 9 .2 1,701.3 1 ,0 3 5 .6 1,712.2 1 .0 3 5 .7 1 ,0 3 5 .8 6 2 2 .7 1 ,0 3 5 .9 1 ,0 3 9 .7 6 2 8 .2 1 ,0 4 3 .4 6 3 4 .6 6 4 1 .0 6 4 7 .7 6 5 4 .6 6 6 1 .6 668.8 1,580.2 1.591.1 1,597.8 1,608.0 1,622.5 1 ,5 4 5 .4 1,625.5 1.556.1 1.617.6 1 ,5 6 2 .6 1,617.5 1 ,5 7 2 .6 1 ,5 8 7 .0 1 ,5 8 9 .8 9 2 0 .8 1 .5 8 1 .7 1 ,5 8 1 .4 9 2 7 .9 2 7 .0 9 3 5 .8 9 3 1 .4 9 3 8 .9 9 3 9 .7 2 7 .0 9 3 7 .2 93 7.1 2 7 .0 2 7 .3 2 7 .3 5 9 7 .6 2 7 .3 O the r curre nt tra nsfe r receipts, fro m bu s in es s (net) Z Z Z Z Z Z ! 5 9 9 .9 6 1 3 .8 6 2 0 .7 2 7 .3 6 2 2 .8 2 7 .0 6 0 1 .2 3 4 .8 6 1 7 .6 6 1 7 .0 3 5 .0 3 5 .2 3 5 .4 3 5 .5 3 5 .7 3 5 .9 36.1 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 ................... 940.5 936.6 939.4 945.5 948.4 952.9 957.9 960.6 R e n ta l in c o m e o f p e rs 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 . P e r s o n a l in c o m e re c e ip ts o n a s s e ts ..................................................... Personal interest income ....................................................... Personal dividend incom e.............................................. 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 ...................................................... G ove rnm ent social be nefits to p e r s o n s .............................................. O ld-age, survivors, disab ility, an d health insurance b e n e f it s ....... G ove rnm ent unem plo ym en t insu ra nc e benefits ........................... O th er ............................................................................................... L e s s : P e rs o n a l c u r r e n t ta x e s ................................................................... 1,357.5 1,358.1 1,367.5 1,363.1 1,365.4 1,370.1 1,384.5 1,391.4 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 9,426.8 9,437.2 9,474.6 9,543.5 9,599.9 9,651.6 9,672.8 9,699.8 L e s s : P e rs o n a l o u tla y s .............................................................................. 9,522.3 9,587.5 9,621.2 9,696.0 9,716.0 9,718.1 9,744.3 9,794.8 P ersonal consum ption e x p e n d itu r e s ....................................................... D urable g o o d s ...................................................................................... 9 ,1 7 5 .2 9 ,2 3 8 .6 9 .2 7 0 .5 9 .3 3 8 .9 9 .3 5 2 .6 1.0 64 .1 9 ,3 4 8 .5 9 ,3 7 4 .7 1 ,0 5 7 .9 9 .4 2 5 .2 N ond urable g o o d s ...................................................Z Z Z Z Z Z Z ! S e r v ic e s ............................................................................ Z Z Z Z Z P ersonal inte rest p a y m e n ts 1 ....................................... Z Z Z Z Z Z Z P ersonal current tra nsfe r p a y m e n t s ........................................................ T o g o v e r n m e n t............................................................................. Z Z T o th e re st of the w orld ( n e t ) ........................................................ 1 .0 6 3 .5 1 ,0 8 5 .2 1 ,0 6 8 .9 1 ,0 7 2 .3 2 ,7 0 3 .9 1,079.1 1 ,0 9 1 .8 2 .7 2 8 .3 2 .7 3 2 .0 2 .7 5 5 .9 2 ,7 6 1 .1 2 ,7 2 6 .2 5 .4 0 7 .2 2 ,7 1 1 .0 5 .4 5 2 .4 2 .7 2 9 .2 5 .5 2 2 .6 5 ,5 5 0 .0 5 ,5 8 4 .6 2 2 2 .9 5 .4 7 5 .0 2 2 4 .2 5 ,4 9 7 .8 221.6 5 .6 0 4 .2 2 2 9 .9 2 3 5 .5 2 4 1 .2 1 2 5 .5 2 4 0 .7 24 0.1 1 2 6 .0 12 6.5 1 2 7 .2 1 2 7 .8 1 2 8 .3 1 2 8 .9 7 6 .8 1 2 9 .5 7 7 .3 7 7 .9 7 8 .4 7 9 .0 7 9 .5 4 8 .7 80.1 4 8 .7 4 8 .7 4 8 .8 4 8 .8 4 8 .8 4 8 .8 8 0 .6 4 8 .8 E q u a ls : P e rs o n a l s a v in g ............................................................................ -95.5 -150.3 -146.6 -152.4 -116.1 -66.5 -71.4 -95.0 -1.0 -1.6 -1.5 -1.6 -1.2 -.7 -.7 -1.0 8 ,2 5 1 .4 8 ,2 3 2 .0 8 ,2 5 2 .8 8 ,2 8 7 .8 8 ,3 1 4 .8 8 ,3 8 6 .2 8 ,4 2 2 .7 8 ,4 4 5 .4 3 1 ,5 5 4 3 1 ,5 6 5 3 1 ,6 6 5 3 1 ,8 6 9 3 2 ,0 3 0 3 2 ,1 7 5 3 2 ,2 1 8 ..................................................... 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 rs o n a l in c o m e Addenda: D isposa ble personal incom e: T otal, billions of chained (2000) d o lla rs *1 2 .......................................... P er capita: C urrent dollars .................................................................................. C hained (2000) dollars ...............................................................Z ! ! P opulation (m idperiod, th o u s a n d s )3 ....................................................Z 3 2 ,2 8 0 2 7 ,6 2 0 2 7 ,5 3 4 2 7 ,5 8 2 2 7 ,6 7 6 2 7 ,7 4 2 2 7 ,9 5 7 2 8 ,0 5 4 2 9 8 ,7 5 3 2 8 ,1 0 6 2 9 8 ,9 7 9 2 9 9 ,2 1 3 2 9 9 ,4 5 9 2 9 9 ,7 1 6 2 9 9 ,9 7 2 3 0 0 ,2 3 3 3 0 0 ,4 8 5 p Pr e lim in a r y r Re v ise d 1. Co n s is t s o f n o n m o r t g ag e in t er 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 co m e d e f lat e d b y t h e im p licit p r ice d e flat o r f o r p e r s o n a l co n su m p t io n e x p e n d it u r e s. 3. Po p u la t io n is t h e t o t a l 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 ce 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 ir st 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 ar 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 2.— P e rs o n a l In c o m e an d Its D isp o sitio n (Y ears an d Q u a rte rs ) [Billions of dollars] Seasonally adjusted at annual rates 2004 2005 2005 II P e r s o n a l In c o m e ........................................................... IV I II III- 9 ,7 3 1 .4 1 0 ,2 3 9 .2 1 0 ,1 6 1 .5 1 0 ,2 6 2 .7 1 0 ,4 8 3 .7 1 0 ,7 2 1 .4 1 0 ,8 0 7 .3 1 0 ,9 6 4 .5 ............................................................... 6 ,6 6 5 .3 7 ,0 3 0 .3 6 ,9 5 3 .7 7 ,0 9 3 .6 7 ,1 8 4 .4 7 ,4 0 0 .3 7 ,4 2 5 .5 7 ,5 1 8 .1 ...................................................................... 5 ,3 9 2 .1 5 ,6 6 4 .8 5 ,6 0 1 .3 4,450.3 1,050.8 688.0 3,399.5 899.2 2,500.3 941.8 5 ,7 1 5 .2 4,687.1 1,101.3 704.7 3,585.8 937.2 2,648.5 977.7 5 ,7 8 7 .0 5 ,9 7 0 .1 4,627.6 1,087.5 697.3 3,540.0 930.4 2,609.7 973.7 5 ,9 8 0 .9 4,734.6 1,113.9 709.7 3,620.7 945.5 2,675.2 980.6 4,798.9 1,124.9 715.0 3,673.9 954.9 2,719.0 988.1 6 ,0 5 4 .5 4,972.0 1,177.3 742.8 3,794.7 983.6 2,811.0 998.1 4,975.0 1,173.0 732.8 3,802.0 990.8 2,811.2 1,005.9 5,033.9 1J 82.3 735.9 3,851.7 1,003.0 2,848.7 1,020.5 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 r y d is b u r s e m e n ts III 2006 Private industries ........................................................................ Goods-producing industries........................................................ Manufacturing ...................................................................... Services-producing industries .................................................... Trade, transportation, and u tilitie s ........................................... Other services-producing industries ......................................... Government................................................................................ S u p p le m e n ts to w a g e s a n d s a la r ie s ............................................................... 1 ,2 7 3 .2 Employer contributions for employee pension and insurance fu n d s.... Employer contributions for government social insurance.................... 1 ,3 6 5 .5 866.1 407.1 1 ,3 5 2 .4 933.2 432.3 1 ,3 7 8 .4 924.7 427.7 1 ,3 9 7 .4 1 ,4 3 0 .3 942.1 436.3 956.1 441.3 1 ,4 4 4 .5 1 ,4 6 3 .6 971.6 458.7 985.7 458.9 1,000.1 463.5 P ro p r ie to rs ’ in c o m e w it h 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 .............................................................................................................. 91 1.1 9 7 0 .7 36.2 874.9 9 6 5 .8 30.2 940.4 9 6 7 .3 28.7 937.1 29.7 937.7 9 9 6 .8 1 ,0 0 8 .3 1 ,0 1 1 .9 23.9 984.4 17.5 994.3 1 ,0 1 4 .8 Farm ............................................................................................ Nonfarm ........................................................................................ 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 .............. P e r s o n a l in c o m e r e c e ip ts o n a s s e ts .................................................................... Personal interest income .................................................................. Personal dividend incom e................................................................. P e r s o n a l c u rr e n t t r a n s fe 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) .............................. 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 28.7 968.1 21.7 993.2 1 2 7 .0 7 2 .8 102.8 -1 1 .5 8 1 .5 7 6 .8 7 1 .4 7 8 .3 1 ,4 2 7 .9 1 ,5 1 9 .4 890.8 537.1 1 ,5 0 0 .5 945.0 574.4 1 ,5 3 2 .7 1 ,5 8 0 .2 934.8 565.7 1 ,6 0 2 .3 1 ,6 4 7 .7 951.2 581.5 981.7 598.5 989.1 613.2 1 ,6 8 3 .6 1,019.2 628.5 1,035.8 647.8 1 ,4 2 6 .5 1 ,5 2 6 .6 1,398.4 791.4 36.0 571.0 28.1 1,5 10 .1 1,480.9 844.9 31.3 604.6 45.7 1 ,5 6 9 .0 1,477.2 844.4 30.7 602.1 33.0 1 ,5 3 9 .8 1 ,5 7 0 .4 1,489.2 848.5 30.2 610.4 79.8 1 ,5 8 9 .7 1 ,6 1 8 .6 1,500.8 854.6 31.6 614.5 39.0 1,536.0 909.9 27.8 598.3 34.5 1,554.7 928.1 27.0 599.6 35.0 1,583.1 936.7 27.3 619.1 35.5 .................................. 8 2 6 .4 8 8 0 .6 8 7 1 .5 8 8 8 .5 8 9 8 .9 9 3 6 .7 9 3 8 .8 9 4 8 .9 L e s s : P e rs o n a l c u r r e n t ta x e s ....................................................................................... 1 ,0 4 9 .8 1,2 03 .1 1 ,1 9 1 .8 1 ,2 1 5 .0 1 ,2 4 7 .6 1 ,3 3 2 .6 1 ,3 6 1 .0 1 ,3 6 6 .2 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 8 1 .6 9 ,0 3 6 .1 8 ,9 6 9 .7 9 ,0 4 7 .7 9 ,2 3 6 .1 9 ,3 8 8 .8 9 ,4 4 6 .2 9 ,5 9 8 .3 .................................................................................................. 8 ,5 0 7 .2 9 ,0 7 0 .9 9 ,0 0 0 .4 9 ,1 8 0 .3 9 ,2 6 4 .5 9 ,4 1 8 .5 9 ,5 7 7 .0 9 ,7 1 0 .0 Personal consumption expenditures ....................................................... Durable goods ................................................................................ Nondurable g o ods........................................................................... S ervices........................................................................................ Personal interest payments1 ................................................................ Personal current transfer paym ents........................................................ To government ............................................................................... To the rest of the world (n e t)............................................................ 8,211.5 986.3 2,345.2 4,880.1 186.0 109.7 66.8 42.9 8,742.4 1,033.1 2,539.3 5,170.0 209.4 119.2 72.0 47.1 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 5,294.7 214.9 121.8 74.2 47.6 9,079.2 1,064.1 2,658.2 5,356.8 218.5 120.9 75.7 45.2 9,228.1 1,061.8 2,721.4 5,444.9 222.9 126.0 77.3 48.7 9,346.7 1,075.5 2,747.7 5,523.5 235.5 127.8 79.0 48.8 -1 1 1 .7 L e s s : P e r s o n a l o u tla y s E q u a ls : P e r s o n a l s a v in g ................................................................................................ P e rs o n a l s a v in g a s a p e r c e n t a g e o f d is p o s a b le p e r s o n a l in c o m e ........... 1 7 4 .3 -3 4 .8 -3 0 .8 -1 3 2 .6 -2 8 .5 -2 9 .7 -1 3 0 .8 2.0 -.4 -.3 -1 .5 -.3 -.3 -1 .4 8,010.8 8,104.6 8,085.8 8,074.1 8,183.3 8,276.8 8,245.4 8,329.6 29,536 27,254 293,933 30,458 27,318 296,677 30,273 27,290 296,289 30,461 27,183 297,027 31,020 27,484 297,748 31,470 27,743 298,340 31,595 27,578 298,982 32,025 27,792 299,716 - 1.2 Addenda: Disposable personal income: Total, billions of chained (2000) dollars2 ............................................ Per capita: Current dollars ............................................................................ Chained (2000) dollars ................................................................. Population (midperiod, thousands)3 ....................................................... r ^ ,svls6cj 3 . Po p u la t io n I s t h e t ot a l 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 1. Co n s ist s o f n o n r r o r t g a g e in t e re st p a id b y h o u se h o ld s . t io n a lized 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 or t h e f ir st o f t h e m on t h a n d t h e f ir st of 2. Eq u a ls d i sp 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 su m p t io n e x p e n d it u r e s. t h e f ollow 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 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 ly e st im at es. T a b le 3 — P erso n al In c o m e an d Its D is p o s itio n , C h an g e fro m P re c e d in g P eriod (M o n th s ) [Billions of dollars] S eas on ally ad justed at ann ual rates 20 06 May A pr. June J u ly A u g .' O c t.' S e p .r No v . p Personal income ................................................................................ 6 .9 11.0 4 6 .9 6 4 .5 5 8 .6 5 6 .4 3 5 .7 3 3 .8 Compensation of employees, received ............................................. -1 6 .4 -2 8 .1 2 7 .9 4 9 .5 2 8 .2 4 5 .3 3 6 .0 2 6 .8 Wage and salary disbursements .................................................. Private Industries ...................................................................... Goods-producing Industries..................................................... Manufacturing................................................................... Services-produclng industries .................................................. Trade, transportation, and u tilitie s ........................................ Other services-produclng Industries ...................................... Government............................................................................. 20.2 -3 0 .1 22.2 4 1 .0 2 2 .4 3 8 .5 29.1 - 2 3 .0 -1 4.1 -1 3 .4 - 8 .9 1.9 - 1 0 .8 2.8 -3 2 .3 - 3 .9 - 5 .3 -2 8 .4 -5 .6 - 2 2 .8 2.2 21.1 18.3 3.8 .3 14.5 5.5 9.0 3.8 35.7 5.1 3.6 16.5 3.4 1.6 13.0 -.2 13.2 5.9 32.5 2.2 .1 30.3 5.0 25.4 6.0 26.6 5.6 3.3 21.0 3.1 17.8 2.5 18.2 1.3 Supplements to wages and salaries ............................................. Employer contributions for employee pension and insurance funds .... Employer contributions for government social insurance.................. 3 .9 2.0 5 .7 8 .4 5 .9 6.8 7 .0 5.7 - 1 .7 5.6 4.2 - 2 .3 4.5 1.2 5.5 2.9 4.6 1.3 4.3 2.5 5.0 1.9 4.3 1.4 - 30.7 8.9 21.8 5.4 -.3 17.0 2.5 14.4 2.9 Proprietors’ income with inventory valuation and capital consum ption adjustm ents................................................................................ Farm .......................................................................................... Nonfarm ............ .......................................................................... -2 .4 4 .7 -4 .1 -.8 7 .3 .2 5 .8 - 2 .7 .3 1.1 - 3 .0 7.7 - 2 .9 - 1 .2 2.5 -3 .2 4.4 2.8 4.9 - 4 .7 2.8 3.0 .9 .3 Rental income of persons w ith capital consumption a d ju stm e n t........ - Personal income receipts on assets ................................................ 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) ........................... . 2.2 -2 .4 -3 .6 5 .2 4 .7 5 .3 -3 .9 - 2 1 .5 2 1 .9 2 2 .9 6 .5 6.8 7.1 1 0 .7 1 0 .9 16.5 4.9 16.5 5.5 16.4 6.4 .1 6.4 .1 6.7 .1 6.9 3.8 7.0 2.2 3.7 72 3 .9 1 0 .9 6 .7 10.2 1 4 .5 3 .0 -7 .9 3.7 2.9 -.4 1.2 .2 10.7 7.1 0 3.6 .2 -.1 6.5 7.9 0 -1 .3 .2 10.0 -4 .4 .3 13.9 .2 14.4 7.5 0 6.9 .1 2.8 • -8 .1 .8 0 2.1 .2 -2 .5 -.3 - 5 .2 .2 -.3 -.1 .3 -.6 .2 -3 .9 2.8 Less: C ontributions fo r government social insurance ....................... - 2 .5 Less: Personal current ta x e s .............................................................. 11.3 .6 9 .4 Equals: Disposable personal income .................................................. . -4 .5 1 0 .4 3 7 .4 Less: Personal outlays ....................................................................... 5 6 .6 6 5 .2 3 3 .7 Personal consumption expenditures ..................................................... Durable g o ods.............................................................................. Nondurable goods ........................................................................ . Services...................................................................................... Personal interest payments1 .............................................................. Personal current transfer paym ents...................................................... To governm ent............................................................................. To the rest of the world (n e t).......................................................... 51.4 -2 .8 39.4 14.7 1.2 4.1 .5 3.5 63.4 - 6 .2 24.4 45.2 1.3 .5 .5 0 31.9 5.6 3.7 22.6 1.3 .5 .6 0 68 .4 2 1 .7 23 .9 22.8 5.7 .7 .5 6.1 2 .9 4 .5 5 .0 2 .7 2 .3 4 .7 1 4 .4 6 .9 6 8 .9 5 6 .4 5 1 .7 21.2 2 7 .0 7 4 .8 20.0 2.1 2 6 .2 5 0 .5 -4 .1 3.4 -3 4 .9 27.4 5.7 .5 .5 0 26.2 6.8 -1 5 .2 34.6 -.5 .6 .6 0 50.5 12.7 18.2 19.6 - .6 .6 .5 0 -4 .4 .1 13.7 - 1 6 .3 5.2 24.8 5.6 .6 .6 0 Equals: Personal saving ............................................... ...................... -6 1 .1 - 5 4 .8 3 .7 -5 .8 3 6 .3 4 9 .6 -4 .9 -2 3 .6 Addendum: Real disposable personal income, billions of chained (2000) dollars *1 2 ........ -4 1 .5 -1 9 .4 20.8 35.0 27.0 71.4 36.5 22.7 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 re st 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 lat ed b y t h e im p licit p r ice d e f lat o r f o r p e r s o n a l co n s u m p t i o n e x p e n d it u r e s. T a b le 4 — P e rso n al In c o m e an d Its D is p o s itio n , C h an g e fro m P rec ed 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 2005 II P e r s o n a l in c o m e .................................................................. II I' 507.8 112.7 101.2 221.0 237.7 85.9 64.1 139.9 90.8 215.9 25.2 92.6 ..................................... 279.4 272.7 45.6 113.9 71.8 183.1 2 4 2 .0 10.8 2 3 6 .8 73.6 4 0 .3 1 0 7 .0 6 4 .3 17 3.1 30 5R Q 4 2 .9 5 0 .5 8.6 2 6 .4 11.0 5 2 .4 -4 .3 9 3 19.1 1 6 .7 .4 12.4 5 .3 2 7 .8 10.0 3 1 1 8 6 .3 3 1 .6 8 0 .7 5 3 .2 120.8 7 .3 49 7 3 8 .0 12.2 15.1 9 .4 2 8 .7 7 .2 1 5 8 .2 122 1 4 8 .2 19.4 6 5 .5 4 3 .8 9 2 .0 3 7 .4 .2 3 7 .5 3 5 .9 5 .3 6 .9 7 .5 10.0 7 .8 1 4 .6 75.5 92.3 18.5 26.0 19.0 32.9 5 0 .5 14.2 67.1 19.1 14.9 17.4 1 4 .0 1 5 .5 14.1 1 4 .4 2 5 .0 2 5 .2 3 .6 8.6 5 .0 1 7 .4 59.6 6.0 13.0 29.5 1.0 2.9 -5 .2 - -4 .8 -6 .4 9 2 .8 4 .2 6 5 .5 18.2 1.5 1.0 .6 3.6 - 3 0 .4 1 6 .3 9 .9 -6.0 -54.2 -15.7 -114.3 93.0 -4.7 -5.4 6.9 45.4 35.9 16 6 ........................................ 99.8 Farm ..................................................... Nonfarm ....................................................................... 7 .0 R e n ta l in c o m e o f p e r s o n s w it h c a p ita l c o n s u m p tio n a d j u s t m e n t .............. .2 4 .6 - 1.1 91.3 91.5 36.2 32.2 47.5 22.1 5 4 .2 2 2 .5 16.4 3 0 .5 7 .4 30.1 1 1 4 .5 3 7 .3 13.7 1 5 .8 1 7 .0 1 4 .7 1 5 .3 1 9 .3 75.5 100.1 22.8 58.9 12.0 30.6 19.3 28.9 3 5 .2 1 8 .7 2 8 .4 4.1 -29.2 11.6 6.1 5 5 .3 1 8 .2 86 ...................... 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) .............................. 11.5 - -2 3 .3 P e r s o n a l in c o m e r e c e ip ts o n a s s e ts .................................. Personal interest income ................................................. Personal dividend incom e.................................. 157.2 199.1 4 0 .9 P ro p r ie to r s ’ in c o m e w it h 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 ........................................................... 8 1 .7 8 2 .5 2 0 .9 50.1 5 3 .5 -1 6 .8 -4 .7 -.5 1.4 -3 .8 -.8 .3 4 8 .5 3 3 .6 8.3 4 6 .8 4.1 -1 6 .2 1.3 195 -4 0 .8 -4 .5 .5 .5 17.0 10.4 37.8 2.1 10.1 6.2 1 7 .6 12.2 - 2.1 10.8 2.0 .................................. 47.8 54.2 7.9 48.7 153.3 33.9 23.2 32.6 85.0 28.4 5.2 ....................................................................... 519.1 354.5 78.8 78.0 188.4 152.7 57.4 152.1 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 - L e s s : P e r s o n a l c u r r e n t ta x e 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 ls : P e r s o n a l s a v in g II 365.0 Employer contributions for employee pension and insurance fu n d s ..... Employer contributions for government social insurance.................... L e s s : P e r s o n a l o u tla y s I 567.8 S u p p le m e n ts to w a g e s a n d s a la r ie s 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 IV 354.9 Private industries ..................................... Goods-producing industries.................................... Manufacturing ..................................... Services-producing industries ....................... Trade, transportation, and u tilitie s ..................................... Other services-producing industries ........................... Government............................................... P e r s o n a l c u r r e n t t r a n s fe r r e c e ip ts III .............................. 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 r y d is b u rs e m e n ts 2006 519.5 563.7 161.9 179.9 84.2 154.0 158.5 133.0 5 0 7 .9 5 3 0 .9 1 5 4 .9 1 7 2 .7 8 0 .5 1 5 1 .4 1 4 8 .9 1 1 8 .6 4 3 .6 4 6 .8 2 9 .2 1 5 .0 -3 7 .7 4 4 .5 -2 .3 1 3 .7 1 5 5 .0 194.1 5 8 .4 7 6 .3 2 8 .6 4 4 .7 6 3 .2 2 6 .3 3 0 9 .3 2 8 9 .9 8 9 .6 6 2 .1 88.1 7 8 .6 2 3 .4 6 7 .3 8 .7 8 1 .4 3 .5 .3 3 .6 4 .4 8.2 9 .5 -1 .7 6.1 1.2 3 .3 -.9 5.1 5 .5 5 .2 1.4 1.4 1.5 1 .5 2 .7 1.6 4 .2 -3 .0 -.2 1.8 -2 .4 3 .5 12 6 1.8 17 .1 -.6 -209.1 -83.3 -101.8 104.1 -1.2 -101.1 19.1 2 8 0 .9 9 3 .8 9.2 -1 1 .7 109.2 9 3 .5 -3 1 .4 8 4 .2 .................................................. A ddendum : Real disposable personal income, billions of chained (2000) dollars2 ......... 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 re st 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 in co m e d e f la t ed 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 i o n e x p e n d it u r e s. T ab le 5.— P e rso n al In c o m e an d Its D is p o s itio n , P erc en t C h a n g e from P rec ed in g P erio d (M o n th s ) S easonally adjusted at m onthly rates 2006 May Apr. June July ^ Aug.1- O c tr Sep.r Nov.? Based on current-dollar meas ures P e rs o n a l in c o m e ...................................................................................... 0.1 -.2 -.3 .3 0.1 -.4 -.5 .1 0.4 .4 .4 .4 0.6 .7 .7 .6 0 .5 0 .5 .4 .4 .4 0 .3 .6 .6 .5 .5 .5 .5 -.2 -2.9 1.3 1.7 .8 -.4 -5.0 1.4 1.6 1.0 .4 -.1 7.6 .4 0 1.0 .6 .7 6.4 .4 0 1.1 .9 0 6.8 .4 0 1.1 .2 .6 -4.7 .6 .4 1.1 -.5 C om pe nsa tion of em ployees, r e c e iv e d ................................................. W age and salary d is b u rs e m e n ts ...................................................... S u pplem ents to w ages and salaries ........................................... . P rop rietors ’ Incom e w ith inventory v alua tion and cap ital c on sum ption adju stm en ts ..................... ....................................... 2 .5 -3.2 1.3 1.6 .9 .7 Less: C ontrib utio ns fo r governm ent social in s u r a n c e .......................... -.3 -.4 .3 L e s s : P e rs o n a l c u r r e n t ta x e s .................. ............................................... .8 0 .7 R ental incom e of person s w ith capital cons um p tion ad ju s tm en t ....... P ersonal incom e receipts on a s s e t s ..................................................... P ersonal inte res t incom e ........................................... Z Z Z Z Z ™ P ersonal dividend in c o m e .................................................................. P erso nal curre nt tra ns fe r r e c e ip ts ................................... Z Z Z Z Z " 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 .................................................... 0 Addenda: P ersonal con sum ption e x p e n d itu r e s ..................................................... D ura ble g o o d s ......................................................................... .6 -.3 1.5 .3 . N ond urable g o o d s ....................................................... Z Z Z Z Z Z S e r v ic e s ................................................................ .6 -.3 0 .3 .4 .3 .4 .1 -2.8 .6 .4 1.1 0 .3 .5 .5 .3 .2 .3 1.1 .5 .1 .4 .7 .6 .5 .2 .3 .7 -.6 .9 .8 .3 .5 .1 .4 .7 2.0 .9 .4 .1 -1.5 .2 .5 0 .3 -1.3 .5 .3 .6 -.6 .6 .5 1.2 .7 .4 Based on chained (2000) dollar measures Real disposable personal incom e........................... -.5 -.2 .3 p Pr e lim in a r y r Re v ise d Table 6.—Personal Income and Its Disposition, Percent Change from Preceding Period (Years and Quarters) Seasonally adjusted at annual rates 2004 2005 2005 II 2006 III IV I Il I IN'- Based on current-dollar measures P e rs o n a l in c o m e ........................................................................................ 6.2 5.6 5.5 6.3 5 .2 4 .6 5.5 5.1 7.3 4 .0 3.8 3.3 5.7 8 .9 8.3 8.4 7.9 9 .4 5.2 5.1 5.6 3 .2 12.6 13.3 9.7 5 .9 1.4 .7 4.1 5.1 5.0 5.4 R ental incom e of person s w ith capital con sum ption a d ju s tm e n t ........ P ersonal incom e receipts on a s s e t s ...................................................... P ersonal interest incom e ........................................................ P ersonal dividend in c o m e .................................................. Z " Z ! . Z P ersonal curre nt tra nsfe r r e c e ip ts ................................. Z Z Z Z Z Z " 12.3 -4.5 6.8 -2.5 27.1 5.6 6.5 -42.7 6.4 6.1 7.0 7.0 5.6 -43.3 10.3 10.2 10.4 6.3 .6 12.7 8.9 7.2 11.7 16.5 13.0 13.5 12.2 -7.3 4.7 -21.2 5.7 3.0 10.2 8.2 1.4 -25 2 11.8 12.7 10.4 5.0 1.2 446 9.0 6.7 12.8 7.5 4.4 C om p ens atio n of em ployees, r e c e iv e d .................................................. W age and salary d is b u rs e m e n ts ........................... . . Z Z Z Z Z Z ” S u pplem ents to w age s and salaries .................................................. P rop rie tors’ incom e w ith Inventory v alua tion and cap ital c o n s um ptio n' adju stm en ts ......................................................................................... Less: C ontributions fo r governm ent social in s u r a n c e ........................... 6.1 6.6 3.7 8.0 4.8 17.9 .9 L e s s : P e rs o n a l c u r r e n t ta x e s .................................................................. 4 .9 1 4 .6 12.2 8.0 11.2 3 0 .2 8.8 1 .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 ................................... ................. 6 .4 4.1 3 .6 3 .5 8.6 6.8 2 .5 6.6 P ersonal consum ption expenditures ...................................................... 6.6 4.6 7.1 6.8 6.5 4.7 8.3 5.9 7.5 12.1 9.9 5.4 8.2 5.9 12.7 6.5 3.7 -13.5 4.5 7.1 7.0 18.6 7.0 4.8 6.7 -.9 9.9 6.7 5.2 5.3 3.9 5.9 -1.5 4.1 Addenda: D urab le g o o d s ........................................................... Z Z . Z Z Z Z Z N ondu rab le g o o d s ................................................!..... Z Z Z Z Z Z ' S e r v ic e s ............................................................ Based on chained (2000) dollar measures Real disposable personal income r Re v ise d 3.6 1.2 .5 -.6 5.5 4.6 Table 7 — Real Personal Consumption Expenditures by Major Type of Product (Months) 2006 May Apr. June July ^ A ug.' I Sep. ' I Oct. ' Nov.? Billions of chained (2000) dollars, seasonally adjusted at annual rates 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 . Durable goods ....................... Nondurable goods ................. Services ................................... 8 .0 3 1 .2 8 ,0 5 8 .7 1,191.7 2.347.3 4 n in n 1 184 9 2 352 1 8 ,0 7 5 .0 8, 110.1 1,218.0 2,360.9 4,558.1 8 ,1 0 0 .7 1,199.0 2.357.4 4.566.4 8, 122.8 1,209.5 2,362.1 4,575.4 8 ,1 6 3 .1 1,216.8 2,379.7 4,591.5 8 ,2 0 6 .4 1,235.7 2,404.1 4,595.8 Change frc)m preceding period in billions of chained (2000) dollars, seasonally adjusted at annual rates 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 .... 8.6 -3.5 8.7 2.5 Durable goods ........................... Nondurable goods ....................... Services ....................................... 2 7 .5 1 6 .3 4.8 Oü. 1 -9 .4 (.U -19.0 -3.5 8.3 9.2 22.1 10.5 4.7 9.0 4 0 .3 7.3 17.6 16.1 4 3 .3 18.9 24.4 4.3 Percent change from preceding period in chained (2000) dollars, seasonally adjusted at monthly rates 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 .1 -.3 .4 .1 Durable goods ........................... Nondurable goods .................. Services ................................ .3 fi .2 -.1 -1.6 -.1 .2 4.U 2 .6 .1 .2 .3 .5 .9 .2 .2 .6 .5 1.6 1.0 .1 .7 .4 p Pr e lim in a r y r Re v ise d Table 8 — Real Personal Consumption Expenditures by Major Type of Product (Years and Quarters) Seasonally adjusted at annual rates 2004 2005 2005 II 111 2006 I IV I II 111'- Billions of chained (2000) dol ars 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 ........... Durable goods ........................ Nondurable goods .................. Services ................................ 7 .5 7 7 .1 1,085.7 2.179.2 4,323.9 7 .8 4 1 .2 1.145.3 2,276.8 4,436.6 7 .8 1 9 .8 1.150.8 2,268.4 4,420.0 7 ,8 9 5 .3 1,175.9 2,287.6 4,454.5 7 ,9 1 0 .2 1,137.9 2.309.6 4.476.7 8 .0 0 3 .8 8 .0 5 5 .0 1.190.5 2.342.8 4.494.5 1.190.3 2.351.1 4.535.4 8, 111.2 1,208.8 2,360.1 4,566.6 Change from preceding period in billions of chained (2000) dollars 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 Durable goods ....................... Nondurable goods ............. Services .............................. .. 2 8 1 .8 65.1 76.2 145.1 2 6 4 .1 59.6 97.6 112.7 8 0 .4 34.0 26.9 24.7 7 5 .5 25.1 19.2 34.5 1 4 .9 -38.0 22.0 22.2 9 3 .6 5 1 .2 52.6 33.2 17.8 -.2 8.3 40.9 18.5 9.0 31.2 2.6 -.1 1.4 3.7 2.8 6.4 1.5 2.8 5 6 .2 Percent change from preceding period in chained (2000) dollars 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 Durable goods ....................... Nondurable goods ............ Services .................... Re v ise d .... 3 .9 6.4 3.6 3.5 3 .5 5.5 4.5 2.6 4 .2 12.8 4.9 2.3 3 .9 9.0 3.4 3.2 .8 -12.3 3.9 2.0 4 .8 19.8 5.9 1.6 T a b le 9.— P rice In d ex es fo r P e rso n al C o n su m p tio n E x p en d itu re s: L evel and P erc en t C h an g e F ro m P re c e d in g P erio d (M o n th s) 2006 May Apr. June July'- A u g .' S ep.' Nov. a O ct.' Chain-type price indexes (2000=100), seasonally adjusted Personal consumption expenditures (PCE) ........ Durable goods ........... !............... ...... ......... Nondurable goods ...................... Services ...................................... 1 1 4 .2 5 4 1 1 4 .6 5 0 89 289 115210 119.761 1 1 4 .8 1 5 89.279 116.015 120.049 1 1 5 .1 6 0 89.049 116.082 120.368 89.096 116.749 111.515 111.736 113.374 109.537 111.963 113.513 109.745 112.076 113.852 109.803 1 1 5 .4 6 5 1 1 5 .0 9 8 1 1 4 .8 5 2 114 .86 1 88.350 113.541 121.950 Ou.O0«7 Addenda: PCE excluding food and energy......................... Market-based PCE1 ............' ........................ Market-based PCE excluding food and energy1 ............. 11? 9? 9 109.290 112.369 114.131 110.062 I I O.UO<L 110.233 110.461 113.265 110.466 _______ . Percent change from preceding period in price indexes, seasonally adjusted at monthly rates PCE ............................................................................... .3 .5 Durable goods .................................................................. Nondurable goods ..................................................... Services ......................................... 0 1.1 .2 0 .1 .7 .2 -.3 .1 .3 .1 .2 .4 .2 .2 .1 .2 .1 .3 .1 o Addenda: PCE excluding food and energy .......................................................... Market-based PCE1 ........................................ Market-based PCE excluding food and energy1 ..................................... .2 .5 .2 .3 .2 .2 0 .2 .2 .2 0 p Pr e lim in a r y r Re v ise d 1. T h is in d e x is a su p p lem en 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 ld e x p e n d it u r e s f or w h ich t h er e a r e o b se r v a b le p r ice m e a s u 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 ed w it h o u t p a y m e n 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 on p r of it in st it u t io n s. Table 10.— Real Disposable Personal Income and Real Personal Consumption Expenditures: Percent Change From Month One Year Ago 2006 M ay A pr. June J u ly ' A u g .' S e p .' O c t.' N ov.p D is p o s a b le p e rs o n a l in c o m e ........................................ 2 .3 1.9 1.7 1 .7 4.6 3 .2 3 .4 P e r s 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 ..................................... 2 .9 3 .4 2 .7 2 .3 2 .7 3 .2 3 .7 3 .8 1.6 3 .3 7.1 9 .7 8.2 D urable goods ..................................................... N ondurable goods ..................................... S erv ices ........................................................................ 3 .2 2 .3 6.1 2.0 3 .6 2 .7 3 .9 3 .4 3 .5 3 .0 3 .0 2 .9 4 .3 2.6 2 .5 2 .5 2 .4 2.6 2 .9 2 .7 - p Pr e lim in a r y r Re v ise d Table 11.— Price Indexes for Personal Consumption Expenditures: Percent Change From Month One Year Ago 2006 M ay A pr. P e r s o n a l c o n s u m p tio n e x p e n d it u r e s (P C E ) ............... D urable goods ............................................. N ondu rab le goods .................................... S erv ic es ......................................................... 3 .0 -1 .4 - June J u ly ' 3 .3 3 .5 1.6 -1 .5 - A u g .' S e p .' N o v ./1 O c t.' 3 .4 3 .2 1 .9 1.5 1.9 1.1 -.7 -1 .3 -1 .3 3 .8 5 .0 5 .3 4 .8 4 .0 .3 -.7 -1 .4 .9 3 .5 3.5 3.6 3 .6 3 .6 3 .4 3.1 3 .0 2.2 2.8 1.8 2.2 2 .3 2 .3 2 .4 2 .4 2 .4 3 .2 3 .4 3 .3 3.1 1.8 1.9 2.1 1.1 2.1 2.2 16 2.0 1.6 2.1 A ddenda: P C E exc luding food and e n e r g y ........................... M a rket-based P C E 1 ........................................................ M a rket-based PC E excluding food and e n e r g y 1 ......... p Pr e lim in a r y r Re v ise d 1. T h is in d e x is a su p p le m e n t al m e a su r e t h at is b a se d o n h o u se h o ld e x p e n d it u r e s f or w h ich t h er e a r e o b se r v a b le D r ice m e a s u r e s. It e x clu d e s m ost im p licit p r i ce s ( f or e x a m p le , t h e s e r v ic e s f u r n ish ed w it h o u t p a y m en t b y f in a n cia l “ t e r m e d ia rie s) a n d t h e e x p e n se s o f n on p r of it in st it u t io n s. 1.9