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EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, FRIDAY, DECEMBER 6, 2013 BEA 13-59 James Rankin (202) 606-5301 (Personal Income) piniwd@bea.gov Harvey Davis (202) 606-5302 (Personal Consumption Expenditures) pce@bea.gov PERSONAL INCOME AND OUTLAYS: OCTOBER 2013 Personal income decreased $10.8 billion, or 0.1 percent, and disposable personal income (DPI) decreased $23.6 billion, or 0.2 percent, in October, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $32.7 billion, or 0.3 percent. In September, personal income increased $64.3 billion, or 0.5 percent, DPI increased $62.1 billion, or 0.5 percent, and PCE increased $23.8 billion, or 0.2 percent, based on revised estimates. Real disposable personal income decreased 0.2 percent in October, in contrast to an increase of 0.4 percent in September. Real PCE increased 0.3 percent, compared with an increase of 0.1 percent. 2013 June July Aug. Sept. Oct. (Percent Change from preceding month) Personal income, current dollars 0.4 0.2 0.5 0.5 -0.1 Current dollars 0.3 0.3 0.6 0.5 -0.2 Chained (2009) dollars -0.1 0.2 0.5 0.4 -0.2 Current dollars 0.6 0.1 0.3 0.2 0.3 Chained (2009) dollars 0.2 0.0 0.2 0.1 0.3 Disposable personal income: Personal consumption expenditures: This news release presents revised estimates of wages and salaries, personal taxes, and contributions for government social insurance for April through June 2013 (second quarter). These estimates reflect the incorporation of newly available second-quarter wage and salary tabulations from the quarterly census of employment and wages from the Bureau of Labor Statistics. __________________ NOTE. Monthly estimates are expressed at seasonally adjusted annual rates, unless otherwise specified. Monthto-month dollar changes are differences between these published estimates. Month-to-month percent changes are calculated from unrounded data and are not annualized. "Real" estimates are in chained (2009) dollars. This news release is available on BEA's Web site at www.bea.gov/newsreleases/rels.htm. -more- -2- Wages and salaries Private wages and salaries increased $8.9 billion in October, compared with an increase of $17.1 billion in September. Goods producing industries' payrolls increased $1.3 billion, compared with an increase of $4.5 billion; manufacturing payrolls increased $2.0 billion, compared with an increase of $1.5 billion. Service-producing industries' payrolls increased $7.6 billion, compared with an increase of $12.5 billion. Government wages and salaries increased $0.2 billion in October, compared with an increase of $8.5 billion in September. The September change in government wages and salaries reflected an end to government furloughs that had affected several federal government agencies in August and in July. Other personal income Supplements to wages and salaries increased $2.1 billion in October, compared with an increase of $3.8 billion in September. Proprietors' income decreased $19.7 billion in October, in contrast to an increase of $22.1 billion in September. Farm proprietors' income decreased $22.4 billion, in contrast to an increase of $19.5 billion. In September, farm proprietors’ income was boosted $10.1 billion, at an annual rate, reflecting a settlement agreement for a class-action lawsuit that alleged racial discrimination by the U.S. Department of Agriculture in its evaluation of farm loan applicants between 1981 and 1996. Nonfarm proprietors' income increased $2.7 billion in October, compared with an increase of $2.6 billion in September. Rental income of persons increased $2.4 billion in October, compared with an increase of $6.3 billion in September. Personal income receipts on assets (personal interest income plus personal dividend income) decreased $4.1 billion, in contrast to an increase of $3.3 billion. Personal current transfer receipts increased $0.6 billion, compared with an increase of $6.7 billion. Contributions for government social insurance -- a subtraction in calculating personal income -increased $1.1 billion in October, compared with an increase of $3.4 billion in September. Personal current taxes and disposable personal income Personal current taxes increased $12.8 billion in October, compared with an increase of $2.3 billion in September. Disposable personal income (DPI) -- personal income less personal current taxes -- decreased $23.6 billion, or 0.2 percent, in October, in contrast to an increase of $62.1 billion, or 0.5 percent in September. - more - -3- Personal outlays and personal saving Personal outlays -- PCE, personal interest payments, and personal current transfer payments -increased $32.1 billion in October, compared with an increase of $30.9 billion in September. PCE increased $32.7 billion, compared with an increase of $23.8 billion. Personal saving -- DPI less personal outlays -- was $604.9 billion in October, compared with $660.7 billion in September. The personal saving rate -- personal saving as a percentage of disposable personal income -- was 4.8 percent in October, compared with 5.2 percent in September. For a comparison of personal savings in BEA's national income and product accounts with personal saving in the Federal Reserve Board's financial accounts of the United States (formerly called flow of funds accounts) and data on changes in net worth, go to www.bea.gov/national/nipaweb/nipa-frb.asp. Real DPI, real PCE, and price index Real DPI -- DPI adjusted to remove price changes -- decreased 0.2 percent in October, in contrast to an increase of 0.4 percent in September. Real PCE -- PCE adjusted to remove price changes -- increased 0.3 percent in October, compared with an increase of 0.1 percent in September. Purchases of durable goods increased 0.8 percent, in contrast to a decrease of 1.4 percent. Purchases of non-durable goods increased 0.7 percent, compared with an increase of 0.6 percent. Purchases of services increased 0.1 percent, compared with an increase of 0.2 percent. The price index for PCE decreased less than 0.1 percent in October, in contrast to an increase of 0.1 percent in September. The PCE price index, excluding food and energy, increased 0.1 percent in October, the same increase as in September. Note on October shutdown of the federal government Due to a lapse in appropriations, some federal government agencies were partially closed from October 1 through October 16, and some employees were furloughed. Because Congress legislated back pay for workers furloughed during the shutdown, there was no impact on government wages and salaries. Any impacts of the shutdown on private wages or on personal consumption expenditures (PCE) cannot be separately identified in the data sources that underlie these estimates. - more - -4- Revisions Estimates for personal income and DPI have been revised for April through September; estimates for PCE have been revised for July through September. Changes in personal income, in current-dollar and chained (2009) dollar DPI, and in current-dollar and chained (2009) dollar PCE for August and September -- revised and as published in last month's release -- are shown below. Estimates of wages and salaries were revised from April through September. The revision to second-quarter wages and salaries reflect the incorporation of the most recently available BLS tabulations of the second-quarter wages and salaries from the quarterly census of employment and wages. Revised estimates for July, August, and September reflect extrapolations from the revised second-quarter level of wages. In addition, revisions to August and September reflect revised BLS employment, hours, and earnings data for those months. Change from preceding month August September Previous Revised Previous Revised Previous Revised Previous Revised (Billions of dollars) (Billions of dollars) (percent) (percent) Personal income: Current dollars 65.6 74.3 0.5 0.5 67.4 64.3 0.5 0.5 Current dollars 66.3 74.3 0.5 0.6 64.8 62.1 0.5 0.5 Chained (2009) dollars 47.5 56.9 0.4 0.5 50.2 44.7 0.4 0.4 Current dollars 39.8 34.7 0.3 0.3 24.7 23.8 0.2 0.2 Chained (2009) dollars 23.9 21.1 0.2 0.2 13.7 10.1 0.1 0.1 Disposable personal income: Personal consumption expenditures: BEA's national, international, regional, and industry estimates; the Survey of Current Business; and BEA news releases are available without charge on BEA's Web site at www.bea.gov. By visiting the site, you can also subscribe to free e-mail summaries of BEA releases and announcements. * * * Next release -- December 23, 2013 at 8:30 A.M. EST for Personal Income and Outlays for November Release Dates for 2014 December 2013.. January 31 January 2014….. March 3 February 2014… March 28 March 2014…… May 1 April 2014…May 30 May 2014… June 26 June 2014… August 1 July 2014…. August 29 - more - August 2014…… September 29 September 2014.. October 31 October 2014….. November 26 November 2014.. December 23 Table 1. Personal Income and Its Disposition (Months) [Billions of dollars] Seasonally adjusted at annual rates Line 2013 March 1 Personal income...................................................................................... 2 Compensation of employees .............................................................. 3 Wages and salaries .......................................................................... 4 Private industries............................................................................. 5 Goods-producing industries......................................................... 6 Manufacturing ........................................................................... 7 Services-producing industries...................................................... 8 Trade, transportation, and utilities............................................. 9 Other services-producing industries......................................... 10 Government..................................................................................... 11 Supplements to wages and salaries............................................... 12 Employer contributions for employee pension and insurance funds 1 ........................................................................................... 13 Employer contributions for government social insurance ................ 14 Proprietors’ income with inventory valuation and capital consumption adjustments............................................................... 15 Farm ................................................................................................... 16 Nonfarm.............................................................................................. 17 Rental income of persons with capital consumption adjustment... 18 Personal income receipts on assets.................................................. 19 Personal interest income .................................................................... 20 Personal dividend income................................................................... 21 Personal current transfer receipts ..................................................... 22 Government social benefits to persons .............................................. 23 Social security 2 .............................................................................. 24 Medicare 3 ....................................................................................... 25 Medicaid.......................................................................................... 26 Unemployment insurance................................................................ 27 Veterans’ benefits............................................................................ 28 Other ............................................................................................... 29 Other current transfer receipts, from business (net) ........................... 30 Less: Contributions for government social insurance, domestic... 31 Less: Personal current taxes ................................................................. 32 Equals: Disposable personal income ................................................... 33 Less: Personal outlays ........................................................................... 34 Personal consumption expenditures ...................................................... 35 Goods ................................................................................................. 36 Durable goods ................................................................................. 37 Nondurable goods ........................................................................... 38 Services.............................................................................................. 39 Personal interest payments 4 ................................................................. 40 Personal current transfer payments ....................................................... 41 To government .................................................................................... 42 To the rest of the world (net)............................................................... 43 Equals: Personal saving......................................................................... 44 Personal saving as a percentage of disposable personal income Addenda: 45 Personal income excluding current transfer receipts, billions of chained (2009) dollars 5 ................................................................... Disposable personal income: 46 Total, billions of chained (2009) dollars 5 ............................................ Per capita: 47 Current dollars................................................................................. 48 Chained (2009) dollars.................................................................... 49 Population (midperiod, thousands) 6...................................................... April r May r June r Line July r Aug. r Sept. r Oct. p 14,016.8 14,031.9 14,088.3 14,138.4 14,162.3 14,236.6 14,300.9 14,290.1 1 8,776.4 8,803.2 8,830.4 8,872.9 8,848.8 8,894.5 8,923.9 8,935.0 2 7,065.9 7,088.6 7,112.9 7,151.4 7,127.5 7,168.6 7,194.2 7,203.2 3 5,872.5 5,894.2 5,918.2 5,958.3 5,941.4 5,979.9 5,997.0 6,005.9 4 1,179.4 1,180.9 1,186.2 1,194.4 1,189.8 1,198.7 1,203.2 1,204.5 5 745.1 743.9 744.8 749.2 744.5 750.8 752.3 754.3 6 4,693.1 4,713.3 4,732.1 4,763.9 4,751.5 4,781.3 4,793.8 4,801.4 7 1,122.5 1,119.9 1,123.3 1,126.5 1,124.9 1,135.7 1,135.9 1,140.7 8 3,570.6 3,593.4 3,608.7 3,637.4 3,626.6 3,645.5 3,657.8 3,660.7 9 1,193.3 1,194.4 1,194.6 1,193.1 1,186.2 1,188.7 1,197.2 1,197.4 10 1,710.6 1,714.5 1,717.5 1,721.4 1,721.3 1,725.8 1,729.6 1,731.7 11 1,183.4 527.2 1,185.9 528.6 1,187.6 529.9 1,189.2 532.2 1,190.8 530.4 1,193.1 532.8 1,195.3 534.3 1,197.2 12 534.6 13 1,370.6 1,355.7 1,342.9 1,325.8 1,339.2 1,354.8 1,376.9 1,357.2 14 168.9 148.9 129.0 109.0 118.4 127.9 147.4 125.0 15 1,201.7 1,206.8 1,213.9 1,216.8 1,220.7 1,226.9 1,229.5 1,232.2 16 584.2 585.1 587.7 590.2 594.6 599.7 606.0 608.4 17 1,951.5 1,971.5 1,995.2 2,015.2 2,030.8 2,028.3 2,031.6 2,027.5 18 1,204.1 1,214.9 1,225.6 1,236.3 1,235.3 1,234.4 1,233.4 1,234.6 19 747.4 756.6 769.6 779.0 795.5 793.9 798.2 792.9 20 2,430.9 2,416.1 2,434.9 2,441.8 2,453.4 2,469.0 2,475.7 2,476.3 21 2,386.7 2,371.9 2,390.4 2,397.2 2,408.7 2,424.1 2,430.7 2,431.1 22 795.4 785.8 797.3 801.4 799.1 803.9 804.1 803.4 23 590.1 583.4 586.0 589.4 593.0 596.6 599.8 598.4 24 424.0 423.7 427.7 426.9 439.6 448.6 450.4 452.7 25 72.3 70.4 68.5 66.6 64.7 62.4 59.6 59.7 26 76.1 78.0 80.3 81.6 80.5 81.1 83.4 83.6 27 429.0 430.5 430.7 431.3 431.8 431.5 433.4 433.3 28 44.1 44.3 44.4 44.5 44.7 44.9 45.0 45.2 29 1,096.8 1,099.7 1,102.6 1,107.5 1,104.5 1,109.7 1,113.1 1,114.2 30 1,641.5 1,656.2 1,668.9 1,681.4 1,663.8 1,663.8 1,666.1 1,678.9 31 12,375.2 12,375.7 12,419.4 12,457.0 12,498.5 12,572.8 12,634.9 12,611.3 32 11,837.5 11,806.4 11,822.9 11,881.6 11,901.4 11,943.3 11,974.2 12,006.3 33 11,419.0 11,392.4 11,413.0 11,476.0 11,491.7 11,526.4 11,550.2 11,582.9 34 3,856.4 3,825.0 3,840.2 3,880.3 3,900.6 3,913.9 3,910.7 3,927.4 35 1,244.7 1,250.2 1,254.8 1,267.4 1,267.4 1,285.3 1,267.3 1,274.8 36 2,611.7 2,574.8 2,585.4 2,612.9 2,633.2 2,628.6 2,643.4 2,652.6 37 7,562.6 7,567.3 7,572.9 7,595.7 7,591.0 7,612.5 7,639.4 7,655.5 38 253.1 248.7 244.3 239.8 246.7 253.6 260.5 259.6 39 165.4 165.4 165.6 165.8 163.0 163.3 163.6 163.8 40 89.5 89.7 89.9 90.1 90.4 90.7 91.0 91.3 41 75.9 75.7 75.7 75.7 72.6 72.6 72.6 72.6 42 537.7 569.2 596.5 575.4 597.1 629.5 660.7 604.9 43 4.3 4.6 4.8 4.6 4.8 5.0 5.2 4.8 44 10,830.2 10,888.1 10,914.5 10,913.6 10,913.8 10,956.9 10,998.3 10,990.9 45 11,568.0 11,600.4 11,631.9 11,623.0 11,649.7 11,706.6 11,751.3 11,732.8 46 39,182 36,626 315,838 39,161 36,708 316,019 39,277 36,786 316,202 39,372 36,736 316,395 39,477 36,796 316,599 39,686 36,952 316,808 39,855 37,068 317,023 39,755 47 36,985 48 317,227 49 p Preliminary r Revised. Revisions include changes to series affected by the incorporation of revised wage and salary estimates for the second quarter of 2013. 1. Includes actual employer contributions and actuarially imputed employer contributions to reflect benefits accrued by defined benefit pension plan participants through service to employers in the current period. 2. Social security benefits include old-age, survivors, and disability insurance benefits that are distributed from the federal old-age and survivors insurance trust fund and the disability insurance trust fund. 3. Medicare benefits include hospital and supplementary medical insurance benefits that are distributed from the federal hospital insurance trust fund and the supplementary medical insurance trust fund. 4. Consists of nonmortgage interest paid by households. 5. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. 6. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized population. The monthly estimate is the average of estimates for the first of the month and the first of the following month; the annual and quarterly estimates are averages of the monthly estimates. Table 2. Personal Income and Its Disposition (Years and Quarters) [Billions of dollars] Seasonally adjusted at annual rates Line 2011 2012 2012 II 1 Personal income...................................................................................... 2 Compensation of employees .............................................................. 3 Wages and salaries .......................................................................... 4 Private industries............................................................................. 5 Goods-producing industries......................................................... 6 Manufacturing ........................................................................... 7 Services-producing industries...................................................... 8 Trade, transportation, and utilities............................................. 9 Other services-producing industries......................................... 10 Government..................................................................................... 11 Supplements to wages and salaries............................................... 12 Employer contributions for employee pension and insurance funds 1 ........................................................................................... 13 Employer contributions for government social insurance ................ 14 Proprietors’ income with inventory valuation and capital consumption adjustments............................................................... 15 Farm ................................................................................................... 16 Nonfarm.............................................................................................. 17 Rental income of persons with capital consumption adjustment... 18 Personal income receipts on assets.................................................. 19 Personal interest income .................................................................... 20 Personal dividend income................................................................... 21 Personal current transfer receipts ..................................................... 22 Government social benefits to persons .............................................. 23 Social security 2 .............................................................................. 24 Medicare 3 ....................................................................................... 25 Medicaid.......................................................................................... 26 Unemployment insurance................................................................ 27 Veterans’ benefits............................................................................ 28 Other ............................................................................................... 29 Other current transfer receipts, from business (net) ........................... 30 Less: Contributions for government social insurance, domestic... 31 Less: Personal current taxes ................................................................. 32 Equals: Disposable personal income ................................................... 33 Less: Personal outlays ........................................................................... 34 Personal consumption expenditures ...................................................... 35 Goods ................................................................................................. 36 Durable goods ................................................................................. 37 Nondurable goods ........................................................................... 38 Services.............................................................................................. 39 Personal interest payments 4 ................................................................. 40 Personal current transfer payments ....................................................... 41 To government .................................................................................... 42 To the rest of the world (net)............................................................... 43 Equals: Personal saving......................................................................... 44 Personal saving as a percentage of disposable personal income Addenda: 45 Personal income excluding current transfer receipts, billions of chained (2009) dollars 5 ................................................................... Disposable personal income: 46 Total, billions of chained (2009) dollars 5 ............................................ Per capita: 47 Current dollars................................................................................. 48 Chained (2009) dollars.................................................................... 49 Population (midperiod, thousands) 6 ..................................................... III 2013 IV I II r Line III r 13,191.3 13,743.8 13,651.8 13,701.6 14,073.1 13,925.9 14,086.2 14,233.3 1 8,278.5 8,611.6 8,553.8 8,591.0 8,787.4 8,748.3 8,835.5 8,889.1 2 6,638.7 6,926.8 6,873.5 6,904.7 7,086.6 7,040.4 7,117.6 7,163.5 3 5,444.3 5,729.4 5,678.0 5,709.7 5,887.2 5,844.5 5,923.6 5,972.8 4 1,102.1 1,154.0 1,153.2 1,146.7 1,167.0 1,173.8 1,187.1 1,197.2 5 707.1 735.4 735.7 732.3 740.5 742.1 745.9 749.2 6 4,342.2 4,575.4 4,524.8 4,563.0 4,720.3 4,670.7 4,736.4 4,775.5 7 1,046.2 1,093.7 1,083.8 1,090.0 1,114.2 1,115.2 1,123.2 1,132.2 8 3,296.0 3,481.7 3,441.0 3,473.0 3,606.1 3,555.5 3,613.2 3,643.3 9 1,194.4 1,197.3 1,195.5 1,195.1 1,199.3 1,195.8 1,194.1 1,190.7 10 1,639.8 1,684.9 1,680.3 1,686.2 1,700.9 1,707.9 1,717.8 1,725.6 11 1,145.4 494.4 1,170.6 514.3 1,169.1 511.2 1,174.1 512.2 1,176.8 524.0 1,182.1 525.8 1,187.6 530.2 1,193.1 12 532.5 13 1,155.1 1,224.9 1,217.8 1,220.0 1,247.5 1,334.6 1,341.5 1,357.0 14 72.6 75.4 77.0 75.3 74.5 137.0 129.0 131.3 15 1,082.6 1,149.6 1,140.8 1,144.7 1,173.0 1,197.6 1,212.5 1,225.7 16 484.4 541.2 537.8 546.7 555.4 574.9 587.7 600.1 17 1,884.6 1,958.5 1,935.3 1,926.9 2,062.8 1,935.8 1,994.0 2,030.2 18 1,204.1 1,211.6 1,219.4 1,203.7 1,218.4 1,215.8 1,225.6 1,234.4 19 680.5 746.9 715.9 723.2 844.3 720.0 768.4 795.9 20 2,306.9 2,358.3 2,352.2 2,364.4 2,388.0 2,426.0 2,430.9 2,466.0 21 2,260.3 2,316.8 2,310.5 2,323.8 2,347.9 2,382.0 2,386.5 2,421.1 22 713.3 762.2 760.4 764.8 770.2 789.8 794.9 802.4 23 537.0 560.8 554.2 564.0 577.2 589.3 586.3 596.5 24 405.5 417.1 420.9 421.5 425.1 423.7 426.1 446.2 25 107.6 84.2 85.9 78.7 75.3 73.9 68.5 62.2 26 63.3 70.2 68.9 71.3 73.3 76.8 80.0 81.6 27 433.7 422.5 420.3 423.5 426.8 428.6 430.8 432.2 28 46.7 41.4 41.7 40.6 40.1 44.0 44.4 44.9 29 918.2 950.7 945.1 947.4 967.9 1,093.7 1,103.3 1,109.1 30 1,404.0 1,498.0 1,480.0 1,496.4 1,552.8 1,629.0 1,668.8 1,664.6 31 11,787.4 12,245.8 12,171.9 12,205.1 12,520.4 12,296.9 12,417.4 12,568.7 32 11,119.1 11,558.4 11,507.9 11,601.0 11,696.2 11,794.9 11,837.0 11,939.6 33 10,711.8 11,149.6 11,100.2 11,193.6 11,285.5 11,379.2 11,427.1 11,522.8 34 3,602.7 3,769.7 3,738.4 3,784.9 3,826.1 3,851.8 3,848.5 3,908.4 35 1,129.9 1,202.7 1,189.3 1,206.5 1,230.7 1,244.8 1,257.5 1,273.4 36 2,472.8 2,567.0 2,549.2 2,578.4 2,595.4 2,607.0 2,591.0 2,635.1 37 7,109.1 7,379.9 7,361.8 7,408.7 7,459.4 7,527.4 7,578.6 7,614.3 38 248.0 248.4 247.0 250.7 247.3 250.4 244.3 253.6 39 159.4 160.4 160.8 156.7 163.4 165.3 165.6 163.3 40 85.3 88.5 88.4 88.8 89.0 89.4 89.9 90.7 41 74.1 71.9 72.4 67.9 74.4 75.9 75.7 72.6 42 668.2 687.4 663.9 604.1 824.1 502.0 580.4 629.1 43 5.7 5.6 5.5 4.9 6.6 4.1 4.7 5.0 44 10,457.1 10,740.1 10,685.5 10,676.2 10,959.6 10,756.9 10,905.4 10,956.4 45 11,324.6 11,551.6 11,510.2 11,493.6 11,743.0 11,502.4 11,618.5 11,702.6 46 37,776 36,293 312,036 38,965 36,756 314,278 38,769 36,661 313,960 38,800 36,538 314,564 39,727 37,260 315,162 38,955 36,438 315,671 39,270 36,743 316,206 39,673 47 36,939 48 316,810 49 r Revised. Revisions include changes to series affected by the incorporation of revised wage and salary estimates for the second quarter of 2013. 1. Includes actual employer contributions and actuarially imputed employer contributions to reflect benefits accrued by defined benefit pension plan participants through service to employers in the current period. 2. Social security benefits include old-age, survivors, and disability insurance benefits that are distributed from the federal old-age and survivors insurance trust fund and the disability insurance trust fund. 3. Medicare benefits include hospital and supplementary medical insurance benefits that are distributed from the federal hospital insurance trust fund and the supplementary medical insurance trust fund. 4. Consists of nonmortgage interest paid by households. 5. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. 6. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized population. The monthly estimate is the average of estimates for the first of the month and the first of the following month; the annual and quarterly estimates are averages of the monthly estimates. Table 3. Personal Income and Its Disposition, Change from Preceding Period (Months) [Billions of dollars] Seasonally adjusted at annual rates Line 2013 March 1 Personal income...................................................................................... 2 Compensation of employees .............................................................. 3 Wages and salaries .......................................................................... 4 Private industries............................................................................. 5 Goods-producing industries......................................................... 6 Manufacturing ........................................................................... 7 Services-producing industries...................................................... 8 Trade, transportation, and utilities............................................. 9 Other services-producing industries......................................... 10 Government..................................................................................... 11 Supplements to wages and salaries............................................... 12 Employer contributions for employee pension and insurance funds 1 ........................................................................................... 13 Employer contributions for government social insurance ................ 14 Proprietors’ income with inventory valuation and capital consumption adjustments............................................................... 15 Farm ................................................................................................... 16 Nonfarm.............................................................................................. 17 Rental income of persons with capital consumption adjustment... 18 Personal income receipts on assets.................................................. 19 Personal interest income .................................................................... 20 Personal dividend income................................................................... 21 Personal current transfer receipts ..................................................... 22 Government social benefits to persons .............................................. 23 Social security 2 .............................................................................. 24 Medicare 3 ....................................................................................... 25 Medicaid.......................................................................................... 26 Unemployment insurance................................................................ 27 Veterans’ benefits............................................................................ 28 Other ............................................................................................... 29 Other current transfer receipts, from business (net) ........................... 30 Less: Contributions for government social insurance, domestic... 31 Less: Personal current taxes ................................................................. 32 Equals: Disposable personal income ................................................... 33 Less: Personal outlays ........................................................................... 34 Personal consumption expenditures ...................................................... 35 Goods ................................................................................................. 36 Durable goods ................................................................................. 37 Nondurable goods ........................................................................... 38 Services.............................................................................................. 39 Personal interest payments 4 ................................................................. 40 Personal current transfer payments ....................................................... 41 To government .................................................................................... 42 To the rest of the world (net)............................................................... 43 Equals: Personal saving......................................................................... Addenda: 44 Personal income excluding current transfer receipts, billions of chained (2009) dollars 5 ................................................................................... 45 Disposable personal income, billions of chained (2009) dollars 5 .......... April r May r June r Line July r Aug. r Sept. r Oct. p 47.5 13.8 12.2 15.0 1.0 –0.1 13.9 6.4 7.5 –2.8 1.7 15.1 26.8 22.7 21.7 1.5 –1.2 20.2 –2.6 22.8 1.1 3.9 56.4 27.2 24.3 24.0 5.3 0.9 18.8 3.4 15.3 0.2 3.0 50.1 42.5 38.5 40.1 8.2 4.4 31.8 3.2 28.7 –1.5 3.9 23.9 –24.1 –23.9 –16.9 –4.6 –4.7 –12.4 –1.6 –10.8 –6.9 –0.1 74.3 45.7 41.1 38.5 8.9 6.3 29.8 10.8 18.9 2.5 4.5 64.3 29.4 25.6 17.1 4.5 1.5 12.5 0.2 12.3 8.5 3.8 –10.8 1 11.1 2 9.0 3 8.9 4 1.3 5 2.0 6 7.6 7 4.8 8 2.9 9 0.2 10 2.1 11 1.2 0.5 2.5 1.4 1.7 1.3 1.6 2.3 1.6 –1.8 2.3 2.4 2.2 1.5 1.9 12 0.3 13 31.2 31.9 –0.6 9.3 –8.5 –11.7 3.2 3.1 2.8 6.4 –1.0 0.4 –1.5 –2.1 0.9 0.1 1.4 8.9 38.5 24.7 21.9 –15.8 –1.6 –14.2 37.7 2.7 0.1 0.1 0.0 13.8 –14.9 –20.0 5.1 0.9 20.0 10.8 9.2 –14.8 –14.8 –9.6 –6.7 –0.3 –1.9 1.9 1.5 0.2 2.9 14.7 0.5 –31.1 –26.6 –31.4 5.5 –36.9 4.7 –4.4 0.0 0.2 –0.2 31.5 –12.8 –19.9 7.1 2.6 23.7 10.7 13.0 18.8 18.5 11.5 2.6 4.0 –1.9 2.3 0.2 0.1 2.9 12.7 43.7 16.5 20.6 15.2 4.6 10.6 5.6 –4.4 0.2 0.2 0.0 27.3 –17.1 –20.0 2.9 2.5 20.0 10.7 9.4 6.9 6.8 4.1 3.4 –0.8 –1.9 1.3 0.6 0.1 4.9 12.5 37.6 58.7 63.0 40.1 12.6 27.5 22.8 –4.5 0.2 0.2 0.0 –21.1 13.4 9.4 3.9 4.4 15.6 –1.0 16.5 11.6 11.5 –2.3 3.6 12.7 –1.9 –1.1 0.5 0.2 –3.0 –17.6 41.5 19.8 15.7 20.3 0.0 20.3 –4.7 6.9 –2.8 0.3 –3.1 21.7 15.6 9.5 6.2 5.1 –2.5 –0.9 –1.6 15.6 15.4 4.8 3.6 9.0 –2.3 0.6 –0.3 0.2 5.2 0.0 74.3 41.9 34.7 13.3 17.9 –4.6 21.5 6.9 0.3 0.3 0.0 32.4 22.1 19.5 2.6 6.3 3.3 –1.0 4.3 6.7 6.6 0.2 3.2 1.8 –2.8 2.3 1.9 0.1 3.4 2.3 62.1 30.9 23.8 –3.2 –18.0 14.8 26.9 6.9 0.3 0.3 0.0 31.2 51.9 47.1 57.9 32.4 26.4 31.5 –0.9 –8.9 0.2 26.7 43.1 56.9 41.4 44.7 –19.7 –22.4 2.7 2.4 –4.1 1.2 –5.3 0.6 0.4 –0.7 –1.4 2.3 0.1 0.2 –0.1 0.2 1.1 12.8 –23.6 32.1 32.7 16.7 7.5 9.2 16.1 –0.9 0.2 0.3 0.0 –55.8 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 –7.4 44 –18.5 45 p Preliminary r Revised. Revisions include changes to series affected by the incorporation of revised wage and salary estimates for the second quarter of 2013. 1. Includes actual employer contributions and actuarially imputed employer contributions to reflect benefits accrued by defined benefit pension plan participants through service to employers in the current period. 2. Social security benefits include old-age, survivors, and disability insurance benefits that are distributed from the federal old-age and survivors insurance trust fund and the disability insurance trust fund. 3. Medicare benefits include hospital and supplementary medical insurance benefits that are distributed from the federal hospital insurance trust fund and the supplementary medical insurance trust fund. 4. Consists of nonmortgage interest paid by households. 5. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. Table 4. Personal Income and Its Disposition, Change from Preceding Period (Years and Quarters) [Billions of dollars] Seasonally adjusted at annual rates Line 2011 2012 2012 II 1 Personal income...................................................................................... 2 Compensation of employees .............................................................. 3 Wages and salaries .......................................................................... 4 Private industries............................................................................. 5 Goods-producing industries......................................................... 6 Manufacturing ........................................................................... 7 Services-producing industries...................................................... 8 Trade, transportation, and utilities............................................. 9 Other services-producing industries......................................... 10 Government..................................................................................... 11 Supplements to wages and salaries............................................... 12 Employer contributions for employee pension and insurance funds 1 ........................................................................................... 13 Employer contributions for government social insurance ................ 14 Proprietors’ income with inventory valuation and capital consumption adjustments............................................................... 15 Farm ................................................................................................... 16 Nonfarm.............................................................................................. 17 Rental income of persons with capital consumption adjustment... 18 Personal income receipts on assets.................................................. 19 Personal interest income .................................................................... 20 Personal dividend income................................................................... 21 Personal current transfer receipts ..................................................... 22 Government social benefits to persons .............................................. 23 Social security 2 .............................................................................. 24 Medicare 3 ....................................................................................... 25 Medicaid.......................................................................................... 26 Unemployment insurance................................................................ 27 Veterans’ benefits............................................................................ 28 Other ............................................................................................... 29 Other current transfer receipts, from business (net) ........................... 30 Less: Contributions for government social insurance, domestic... 31 Less: Personal current taxes ................................................................. 32 Equals: Disposable personal income ................................................... 33 Less: Personal outlays ........................................................................... 34 Personal consumption expenditures ...................................................... 35 Goods ................................................................................................. 36 Durable goods ................................................................................. 37 Nondurable goods ........................................................................... 38 Services.............................................................................................. 39 Personal interest payments 4 ................................................................. 40 Personal current transfer payments ....................................................... 41 To government .................................................................................... 42 To the rest of the world (net)............................................................... 43 Equals: Personal saving......................................................................... Addenda: 44 Personal income excluding current transfer receipts, billions of chained (2009) dollars 5 ................................................................................... 45 Disposable personal income, billions of chained (2009) dollars 5.......... III 2013 IV I II r Line III r 756.1 311.2 261.2 257.9 48.8 33.0 209.1 47.3 161.8 3.3 50.0 552.5 333.1 288.1 285.1 51.9 28.3 233.2 47.5 185.7 2.9 45.1 103.2 39.5 31.3 35.2 4.0 2.5 31.2 –3.0 34.2 –3.9 8.2 49.8 37.2 31.2 31.7 –6.5 –3.4 38.2 6.2 32.0 –0.4 5.9 371.5 196.4 181.9 177.5 20.3 8.2 157.3 24.2 133.1 4.2 14.7 –147.2 –39.1 –46.2 –42.7 6.8 1.6 –49.6 1.0 –50.6 –3.5 7.0 160.3 87.2 77.2 79.1 13.3 3.8 65.7 8.0 57.7 –1.7 9.9 147.1 1 53.6 2 45.9 3 49.2 4 10.1 5 3.3 6 39.1 7 9.0 8 30.1 9 –3.4 10 7.8 11 25.0 25.0 25.2 19.9 6.9 1.3 5.0 1.0 2.7 11.8 5.3 1.8 5.5 4.4 5.5 12 2.3 13 122.4 26.6 95.9 81.6 145.0 9.1 135.9 30.0 26.3 23.1 23.2 8.9 –31.3 5.3 –2.8 3.7 –65.9 212.5 543.7 509.6 509.9 239.9 59.2 180.7 270.0 –2.8 2.5 1.4 1.1 34.0 69.8 2.8 67.0 56.8 73.9 7.5 66.4 51.4 56.5 48.9 23.8 11.6 –23.4 6.9 –11.2 –5.3 32.5 94.0 458.4 439.3 437.8 167.0 72.8 94.2 270.8 0.4 1.0 3.2 –2.2 19.2 3.4 2.4 1.1 13.0 26.2 14.5 11.7 23.7 25.3 7.1 6.5 20.1 –10.9 1.8 0.8 –1.6 2.6 17.2 86.2 79.5 81.1 9.1 5.0 4.2 72.1 –1.6 0.1 0.7 –0.6 6.6 2.2 –1.7 3.9 8.9 –8.4 –15.7 7.3 12.2 13.3 4.4 9.8 0.6 –7.2 2.4 3.2 –1.1 2.3 16.4 33.2 93.1 93.4 46.5 17.2 29.2 46.9 3.7 –4.1 0.4 –4.5 –59.8 27.5 –0.8 28.3 8.7 135.9 14.7 121.1 23.6 24.1 5.4 13.2 3.6 –3.4 2.0 3.3 –0.5 20.5 56.4 315.3 95.2 91.9 41.2 24.2 17.0 50.7 –3.4 6.7 0.2 6.5 220.0 87.1 62.5 24.6 19.5 –127.0 –2.6 –124.3 38.0 34.1 19.6 12.1 –1.4 –1.4 3.5 1.8 3.9 125.8 76.2 –223.5 98.7 93.7 25.7 14.1 11.6 68.0 3.1 1.9 0.4 1.5 –322.1 6.9 –8.0 14.9 12.8 58.2 9.8 48.4 4.9 4.5 5.1 –3.0 2.4 –5.4 3.2 2.2 0.4 9.6 39.8 120.5 42.1 47.9 –3.3 12.7 –16.0 51.2 –6.1 0.3 0.5 –0.2 78.4 464.1 263.8 283.0 227.0 47.1 51.0 –9.3 –16.6 283.4 249.4 –202.7 –240.6 148.5 116.1 15.5 2.3 13.2 12.4 36.2 8.8 27.5 35.1 34.6 7.5 10.2 20.1 –6.3 1.6 1.4 0.5 5.8 –4.2 151.3 102.6 95.7 59.9 15.9 44.1 35.7 9.3 –2.3 0.8 –3.1 48.7 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 51.0 44 84.1 45 r Revised. Revisions include changes to series affected by the incorporation of revised wage and salary estimates for the second quarter of 2013. 1. Includes actual employer contributions and actuarially imputed employer contributions to reflect benefits accrued by defined benefit pension plan participants through service to employers in the current period. 2. Social security benefits include old-age, survivors, and disability insurance benefits that are distributed from the federal old-age and survivors insurance trust fund and the disability insurance trust fund. 3. Medicare benefits include hospital and supplementary medical insurance benefits that are distributed from the federal hospital insurance trust fund and the supplementary medical insurance trust fund. 4. Consists of nonmortgage interest paid by households. 5. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. Table 5. Personal Income and Its Disposition, Percent Change from Preceding Period (Months) Seasonally adjusted at monthly rates Line 2013 March April r May r June r Line July r Aug. r r Sept. Oct. p Based on current-dollar measures 1 Personal income......................................................................... 2 Compensation of employees .................................................... 3 Wages and salaries ............................................................... 4 Supplements to wages and salaries...................................... 5 Proprietors’ income with inventory valuation and capital consumption adjustments...................................................... 6 Rental income of persons with capital consumption adjustment 7 Personal income receipts on assets ......................................... 8 Personal interest income ....................................................... 9 Personal dividend income...................................................... 10 Personal current transfer receipts ............................................. 11 Less: Contributions for government social insurance, domestic 12 Less: Personal current taxes .................................................... 13 Equals: Disposable personal income ...................................... Addenda: 14 Personal consumption expenditures ......................................... 15 Goods .................................................................................... 16 Durable goods .................................................................... 17 Nondurable goods .............................................................. 18 Services................................................................................. 0.3 0.2 0.2 0.1 0.1 0.3 0.3 0.2 0.4 0.3 0.3 0.2 0.4 0.5 0.5 0.2 0.2 –0.3 –0.3 0.0 0.5 0.5 0.6 0.3 0.5 0.3 0.4 0.2 –0.1 0.1 0.1 0.1 1 2 3 4 2.3 1.6 –0.4 –1.0 0.4 0.1 0.1 0.5 0.3 –1.1 0.2 1.0 0.9 1.2 –0.6 0.3 0.9 0.0 –0.9 0.4 1.2 0.9 1.7 0.8 0.3 0.8 0.4 –1.3 0.4 1.0 0.9 1.2 0.3 0.4 0.7 0.3 1.0 0.7 0.8 –0.1 2.1 0.5 –0.3 –1.0 0.3 1.2 0.9 –0.1 –0.1 –0.2 0.6 0.5 0.0 0.6 1.6 1.1 0.2 –0.1 0.5 0.3 0.3 0.1 0.5 –1.4 0.4 –0.2 0.1 –0.7 0.0 0.1 0.8 –0.2 5 6 7 8 9 10 11 12 13 0.2 –0.4 –0.1 –0.5 0.5 –0.2 –0.8 0.4 –1.4 0.1 0.2 0.4 0.4 0.4 0.1 0.6 1.0 1.0 1.1 0.3 0.1 0.5 0.0 0.8 –0.1 0.3 0.3 1.4 –0.2 0.3 0.2 –0.1 –1.4 0.6 0.4 0.3 0.4 0.6 0.3 0.2 14 15 16 17 18 0.0 –0.1 0.0 0.2 0.4 0.5 0.4 0.4 Based on chained (2009) dollar measures 19 20 Real personal income excluding current transfer receipts ........ Real disposable personal income ............................................. 0.5 0.4 0.5 0.3 0.2 0.3 –0.1 19 –0.2 20 p Preliminary r Revised. Revisions include changes to series affected by the incorporation of revised wage and salary estimates for the second quarter of 2013. Table 6. Personal Income and Its Disposition, Percent Change from Preceding Period (Years and Quarters) Seasonally adjusted at annual rates Line 2011 2012 2012 II III 2013 IV I II r Line III r Based on current-dollar measures 1 Personal income......................................................................... 2 Compensation of employees .................................................... 3 Wages and salaries ............................................................... 4 Supplements to wages and salaries...................................... Proprietors’ income with inventory valuation and capital 5 consumption adjustments...................................................... 6 Rental income of persons with capital consumption adjustment 7 Personal income receipts on assets ......................................... 8 Personal interest income ....................................................... 9 Personal dividend income...................................................... 10 Personal current transfer receipts ............................................. 11 Less: Contributions for government social insurance, domestic 12 Less: Personal current taxes .................................................... 13 Equals: Disposable personal income ...................................... Addenda: 14 Personal consumption expenditures ......................................... 15 Goods .................................................................................... 16 Durable goods .................................................................... 17 Nondurable goods .............................................................. 18 Services................................................................................. 6.1 3.9 4.1 3.1 4.2 4.0 4.3 2.7 3.1 1.9 1.8 2.0 1.5 1.7 1.8 1.4 11.3 9.5 11.0 3.5 –4.1 –1.8 –2.6 1.7 4.7 4.0 4.5 2.3 4.2 2.4 2.6 1.8 1 2 3 4 11.9 20.3 8.3 0.8 25.0 1.3 –6.7 17.8 4.8 6.0 11.7 3.9 0.6 9.8 2.2 3.5 6.7 3.9 1.2 10.3 5.6 4.9 6.8 4.1 1.1 4.8 2.9 0.7 6.8 –1.7 –5.1 4.1 2.1 1.0 4.5 1.1 9.3 6.5 31.3 5.0 85.8 4.0 8.9 15.9 10.7 31.0 14.8 –22.4 –0.9 –47.1 6.5 63.0 21.1 –7.0 2.1 9.2 12.6 3.3 29.7 0.8 3.5 10.1 4.0 4.7 8.7 7.5 2.9 15.1 5.9 2.1 –1.0 5.0 5 6 7 8 9 10 11 12 13 5.0 7.1 5.5 7.9 3.9 4.1 4.6 6.4 3.8 3.8 3.0 1.0 1.7 0.6 4.0 3.4 5.1 5.9 4.7 2.6 3.3 4.4 8.3 2.7 2.8 3.4 2.7 4.7 1.8 3.7 1.7 –0.3 4.1 –2.4 2.8 3.4 6.4 5.2 7.0 1.9 14 15 16 17 18 –0.3 –0.6 11.0 9.0 –7.2 –7.9 5.6 4.1 Based on chained (2009) dollar measures 19 20 Real personal income excluding current transfer receipts ........ Real disposable personal income ............................................. 4.6 2.4 2.7 2.0 1.8 1.8 r Revised. Revisions include changes to series affected by the incorporation of revised wage and salary estimates for the second quarter of 2013. 1.9 19 2.9 20 Table 7. Real Personal Consumption Expenditures by Major Type of Product (Months) 2013 Line March April May July r June Aug. r Sept. r Oct. p 10,732.4 3,680.3 1,361.9 2,337.7 7,051.6 10,742.5 3,678.4 1,343.1 2,351.6 7,063.6 10,776.0 3,705.4 1,353.5 2,368.4 7,070.5 Line Billions of chained (2009) dollars, seasonally adjusted at annual rates 1 Personal consumption expenditures ....................................... 2 Goods ....................................................................................... 3 Durable goods ....................................................................... 4 Nondurable goods ................................................................. 5 Services .................................................................................... 10,674.2 3,620.2 1,305.5 2,328.3 7,053.0 10,678.7 3,623.2 1,314.9 2,323.2 7,054.5 10,689.4 3,642.0 1,320.6 2,336.2 7,046.6 10,707.7 3,653.6 1,334.2 2,335.6 7,053.3 10,711.3 3,669.3 1,338.8 2,346.7 7,041.5 1 2 3 4 5 Change from preceding period in billions of chained (2009) dollars, seasonally adjusted at annual rates 6 Personal consumption expenditures ....................................... 7 Goods ....................................................................................... 8 Durable goods ....................................................................... 9 Nondurable goods ................................................................. 10 Services .................................................................................... 30.7 5.6 0.9 4.5 25.0 4.5 3.0 9.4 –5.1 1.5 10.7 18.8 5.7 13.0 –7.9 18.3 11.6 13.6 –0.6 6.7 3.6 15.7 4.6 11.1 –11.8 21.1 11.0 23.1 –9.0 10.1 10.1 –1.9 –18.8 13.9 12.0 33.5 6 27.0 7 10.4 8 16.8 9 6.9 10 Percent change from preceding period in chained (2009) dollars, seasonally adjusted at monthly rates 11 Personal consumption expenditures ....................................... 12 Goods ....................................................................................... 13 Durable goods ....................................................................... 14 Nondurable goods ................................................................. 15 Services .................................................................................... 0.3 0.2 0.1 0.2 0.4 0.0 0.1 0.7 –0.2 0.0 0.1 0.5 0.4 0.6 –0.1 0.2 0.3 1.0 0.0 0.1 0.0 0.4 0.3 0.5 –0.2 0.2 0.3 1.7 –0.4 0.1 0.1 –0.1 –1.4 0.6 0.2 0.3 0.7 0.8 0.7 0.1 11 12 13 14 15 p Preliminary r Revised Table 8. Real Personal Consumption Expenditures by Major Type of Product (Years and Quarters) Seasonally adjusted at annual rates Line 2011 2012 2012 II 2013 III IV I II Line III r Billions of chained (2009) dollars 1 Personal consumption expenditures ....................................... 2 Goods ....................................................................................... 3 Durable goods ....................................................................... 4 Nondurable goods ................................................................. 5 Services .................................................................................... 10,291.3 3,419.9 1,157.1 2,266.0 6,871.1 10,517.6 3,534.1 1,246.7 2,296.8 6,982.7 10,496.8 3,514.7 1,228.6 2,293.9 6,981.4 10,541.0 3,546.7 1,253.4 2,303.0 6,993.4 10,584.8 3,579.2 1,285.2 2,306.7 7,004.7 10,644.0 3,611.9 1,303.5 2,322.2 7,031.1 10,691.9 3,639.6 1,323.2 2,331.7 7,051.5 43.8 32.5 31.8 3.7 11.3 59.2 32.7 18.3 15.5 26.4 47.9 27.7 19.7 9.5 20.4 1.7 3.7 10.5 0.6 0.6 2.3 3.7 5.8 2.7 1.5 1.8 3.1 6.2 1.6 1.2 10,728.7 3,676.0 1,347.9 2,345.3 7,052.2 1 2 3 4 5 Change from preceding period in billions of chained (2009) dollars 6 Personal consumption expenditures ....................................... 7 Goods ....................................................................................... 8 Durable goods ....................................................................... 9 Nondurable goods ................................................................. 10 Services .................................................................................... 255.4 111.2 71.4 42.5 143.9 226.3 114.2 89.6 30.8 111.6 49.0 18.9 8.9 10.3 30.2 44.2 32.0 24.8 9.1 12.0 36.8 6 36.4 7 24.7 8 13.6 9 0.7 10 Percent change from preceding period in chained (2009) dollars 11 Personal consumption expenditures ....................................... 12 Goods ....................................................................................... 13 Durable goods ....................................................................... 14 Nondurable goods ................................................................. 15 Services .................................................................................... r Revised 2.5 3.4 6.6 1.9 2.1 2.2 3.3 7.7 1.4 1.6 1.9 2.2 2.9 1.8 1.7 1.7 3.7 8.3 1.6 0.7 1.4 4.1 7.7 2.4 0.0 11 12 13 14 15 Table 9. Price Indexes for Personal Consumption Expenditures: Level and Percent Change From Preceding Period (Months) 2013 Line March April May June July r Aug. r Sept. r Oct. p Line Chain-type price indexes (2009=100), seasonally adjusted 1 Personal consumption expenditures (PCE) ............................ 2 Goods ....................................................................................... 3 Durable goods ....................................................................... 4 Nondurable goods ................................................................. 5 Services .................................................................................... Addenda: 6 PCE excluding food and energy ............................................... 7 Food 1 ....................................................................................... 8 Energy goods and services 2 .................................................... 9 Market-based PCE 3 ................................................................. 10 Market-based PCE excluding food and energy 3 ...................... 106.980 106.526 95.328 112.174 107.227 106.685 105.573 95.070 110.834 107.271 106.772 105.442 94.999 110.670 107.470 107.177 106.205 94.980 111.873 107.691 107.287 106.304 94.658 112.212 107.806 107.401 106.347 94.366 112.448 107.956 107.521 106.318 94.345 112.413 108.153 107.489 105.993 94.174 112.003 108.276 1 2 3 4 5 105.619 107.613 129.970 106.879 105.295 105.575 107.730 124.254 106.503 105.194 105.674 107.467 124.583 106.610 105.318 105.884 107.744 128.863 107.050 105.540 105.982 107.860 129.255 107.176 105.655 106.107 108.084 128.994 107.249 105.735 106.200 107.965 130.044 107.336 105.786 106.277 6 108.030 7 127.774 8 107.236 9 105.799 10 Percent change from preceding period in price indexes, seasonally adjusted at monthly rates 11 Personal consumption expenditures (PCE) ............................ 12 Goods ....................................................................................... 13 Durable goods ....................................................................... 14 Nondurable goods ................................................................. 15 Services .................................................................................... Addenda: 16 PCE excluding food and energy ............................................... 17 Food 1 ....................................................................................... 18 Energy goods and services 2 .................................................... 19 Market-based PCE 3 ................................................................. 20 Market-based PCE excluding food and energy 3 ...................... –0.1 –0.6 –0.2 –0.7 0.1 –0.3 –0.9 –0.3 –1.2 0.0 0.1 –0.1 –0.1 –0.1 0.2 0.4 0.7 0.0 1.1 0.2 0.1 0.1 –0.3 0.3 0.1 0.1 0.0 –0.3 0.2 0.1 0.1 0.0 0.0 0.0 0.2 0.0 –0.3 –0.2 –0.4 0.1 11 12 13 14 15 0.1 0.1 –2.6 –0.1 0.1 0.0 0.1 –4.4 –0.4 –0.1 0.1 –0.2 0.3 0.1 0.1 0.2 0.3 3.4 0.4 0.2 0.1 0.1 0.3 0.1 0.1 0.1 0.2 –0.2 0.1 0.1 0.1 –0.1 0.8 0.1 0.0 0.1 0.1 –1.7 –0.1 0.0 16 17 18 19 20 p Preliminary r Revised 1. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 2. Consists of gasoline and other energy goods and of electricity and gas services. 3. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed transactions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. Table 10. Real Disposable Personal Income and Real Personal Consumption Expenditures: Percent Change From Month One Year Ago 2013 Line March 1 Disposable personal income .................................................... 2 Personal consumption expenditures ....................................... 3 Goods ....................................................................................... 4 Durable goods ....................................................................... 5 Nondurable goods ................................................................. 6 Services .................................................................................... 0.8 2.0 3.1 6.3 1.7 1.4 r April May 0.8 1.7 3.0 7.1 1.1 1.1 r 1.1 1.8 3.6 7.7 1.8 0.9 r June July r 0.9 2.0 4.1 8.3 2.1 1.0 1.2 1.7 3.9 8.0 2.0 0.6 Aug. r 2.0 2.0 3.9 8.9 1.6 1.0 Sept. r 2.2 1.7 3.1 5.7 1.9 0.9 Oct. p 1.8 2.1 4.1 7.1 2.7 1.0 Line 1 2 3 4 5 6 p Preliminary r Revised. Revisions include changes to series affected by the incorporation of revised wage and salary estimates for the second quarter of 2013. Table 11. Price Indexes for Personal Consumption Expenditures: Percent Change From Month One Year Ago 2013 Line 1 Personal consumption expenditures (PCE) ............................ 2 Goods ....................................................................................... 3 Durable goods ....................................................................... 4 Nondurable goods ................................................................. 5 Services .................................................................................... Addenda: 6 PCE excluding food and energy ............................................... 7 Food 1 ....................................................................................... 8 Energy goods and services 2 .................................................... 9 Market-based PCE 3 ................................................................. 10 Market-based PCE excluding food and energy 3 ...................... March April May June July r Aug. r Sept. r Oct. p Line 1 2 3 4 5 1.2 –0.5 –1.7 0.1 2.1 0.9 –1.1 –1.8 –0.7 1.9 1.0 –0.7 –1.9 –0.2 1.9 1.3 0.0 –1.8 0.9 1.9 1.3 0.3 –1.8 1.3 1.9 1.1 –0.4 –2.0 0.4 1.9 0.9 –1.0 –1.8 –0.6 2.0 0.7 –1.4 –1.8 –1.2 1.8 1.4 1.1 –1.6 1.1 1.3 1.2 1.2 –4.1 0.8 1.1 1.2 1.0 –0.9 1.0 1.1 1.2 1.0 3.2 1.2 1.1 1.1 1.2 4.8 1.4 1.1 1.2 1.2 –0.1 1.1 1.2 1.2 1.2 –3.3 0.8 1.1 1.1 6 1.0 7 –5.1 8 0.6 9 1.0 10 p Preliminary r Revised 1. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 2. Consists of gasoline and other energy goods and of electricity and gas services. 3. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed transactions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households.