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IssBEA B U R E A U O F E C O N O M I C A N A L Y S IS U .S . D E P A R T M E N T O F C O M M E R C E NEWS RELEASE E M B A R G O E D U N T IL R E L E A S E A T 8:30 A .M . E S T , O C T O B E R 30, 2006 Jam es E. R an k in : M ich ael A rm ah : (2 0 2 ) 6 0 6 -5 3 0 1 (2 0 2 ) 6 0 6 -5 3 0 2 (P erso n al In co m e) (P erso n al O u tlay s) B E A 06-49 PERSONAL INCOM E AND OUTLAYS: SEPTEM BER 2006 P erso n al in c o m e in c re a se d $ 5 3 .0 b illio n , o r 0.5 p ercen t, an d d isp o sa b le p e rso n al in co m e (D PI) in c re ase d $49.3 b illio n , o r 0.5 p e rc e n t, in S ep tem b er, acc o rd in g to th e B u re a u o f E c o n o m ic A n aly sis. P e rso n a l c o n su m p tio n e x p e n d itu re s (P C E ) in creased $ 1 1 .6 b illio n , o r 0.1 p ercen t. In A u g u st, p e rso n al in c o m e in c re a se d $ 4 7 .2 b illio n , o r 0.4 p ercen t, D P I in c re ase d $46.4 b illio n , or 0.5 p ercen t, an d P C E in c re a se d $ 1 5.3 b illio n , o r 0.2 p ercen t, b ased on re v ise d estim ates. ______________________ 2006______________ M ay Personal incom e, current dollars June July Aug. (Percent change from preceding m onth) 0.4 0.6 0.4 0.4 0.5 C urrent dollars 0.4 0.5 0.6 0.5 0.5 C hained (2000) dollars 0.0 0.4 0.2 0.2 0.8 0.7 0.3 0.8 0.2 0.1 0.3 0.2 0.4 -0.1 0.4 D isposable personal incom e: Personal consum ption expenditures: C urrent dollars C hained (2000) dollars N O T E .-M o n th ly estim ates are ex p ressed at seasonally adjusted annual rates, unless otherw ise specified. M onth-to-m onth do llar changes are differences betw een these p ublished estim ates. M onth-to-m onth percent changes are calcu lated from u nrounded data and are no t annualized. “R ea l” estim ates are in chained (2000) dollars. This new s release is available on B EA 's W eb site at w w w .b ea.g o v /b ea/rels.h tm . -more- - 2 - W a g e s a n d sa la ries P riv ate w ag e an d sa la ry d isb u rse m e n ts in creased $31.0 b illio n in S e p te m b e r, co m p ared w ith an in crease o f $10.1 b illio n in A u g u st. G o o d s-p ro d u c in g in d u strie s' p a y ro lls in c re ase d $1.3 billion, c o m p a re d w ith an in c re a se o f $ 3 .0 b illio n ; m a n u fa ctu rin g p ay ro lls d e c re a se d $ 0 .4 b illio n , in c o n trast to an in crease o f $ 0 .7 b illio n . S e rv ic e s-p ro d u c in g in d u stries' p a y ro lls in c re a se d $29.7 billion, co m p ared w ith an in c re a se o f $ 7 .0 b illio n . G o v ern m en t w ag e an d sala ry d isb u rsem e n ts in creased $1.8 b illio n , c o m p a re d w ith an in c re a se o f $3.3 billion. D is p o s a b le P e rs o n a l In c o m e J a n u a ry 2 0 0 2 th ro u g h -more- a n d P e r s o n a l O u tla y s S e p te m b e r 2 0 0 6 -3 - O th e r p e r s o n a l in c o m e S u p p le m e n ts to w a g e s an d sala rie s in creased $6.4 b illio n in S e p te m b e r, co m p ared w ith an in crease o f $5.3 b illio n in A u g u st. P ro p rie to rs' in c o m e in c re a s e d $ 3 .2 b illio n in S ep tem b er, c o m p a re d w ith an in crease o f $5.3 b illio n in A u g u st. F a rm p ro p rie to rs' in co m e in creased $3.7 b illio n , c o m p ared w ith an in crease o f $3 .4 b illio n . N o n fa rm p ro p rie to rs' in c o m e d ecrea se d $0.5 b illio n , in c o n tra st to an in crease o f $1.9 b illio n . R en tal in co m e o f p e rso n s in c re a se d $3.5 b illio n in S e p tem b er, c o m p a re d w ith an in crease o f $2 .7 b illio n in A u g u st. P e rs o n a l in c o m e receip ts on assets (p e rso n a l in te re st in c o m e p lu s p erso n al d iv id en d in co m e) in c re a s e d $7.8 b illio n , co m p ared w ith an in c re ase o f $7.5 b illio n . P e rso n a l cu rren t tra n sfe r receip ts in c re a se d $3 .4 b illio n , co m p ared w ith an in c re ase $ 1 4 .5 b illio n . C o n trib u tio n s fo r g o v e rn m e n t so cial in su ran ce — a su b tra ctio n in calc u la tin g p e rso n al inco m e — in c re ase d $3.9 b illio n in S e p te m b e r, c o m p ared w ith an in crease o f $ 1 .7 b illio n in A ugust. P e r s o n a l c u r r e n t ta x e s a n d d is p o s a b le p e r s o n a l in c o m e P e rso n a l c u rre n t ta x e s in c re a se d $3.7 b illio n in S ep tem b er, c o m p a re d w ith an in crease o f $0.8 b illio n in A u g u st. D isp o sa b le p e rs o n a l in co m e (D P I) - p e rso n al in co m e less p e rso n al cu rren t tax es — in creased $49.3 b illio n , o r 0.5 p e rc e n t, in S ep tem b er, co m p ared w ith an in c re ase o f $46.4 b illio n , o r 0.5 p ercen t, in A u g u st. -mores -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 rs o n a l o u tla y s — P C E , p e rs o n a l in te re st p ay m en ts, an d p e rs o n a l c u rre n t tra n s fe r p ay m en ts in c re a se d $15.3 b illio n in S e p te m b e r, c o m p a re d w ith an in c re ase o f $19.1 b illio n in A u g u st. P C E in c re a se d $ 1 1 .6 b illio n , c o m p a re d w ith an in crease o f $15.3 b illio n . P e rso n a l sa v in g - D P I less p e rs o n a l o u tlay s - w as a n e g a tiv e $ 1 5 .0 b illio n in S ep tem b er, c o m p a re d w ith a n e g a tiv e $ 4 9 .0 b illio n in A u g u st. P erso n al sa v in g as a p e rc e n ta g e o f d isp o sab le p e rso n a l in co m e w as a n e g a tiv e 0 .2 p e rc e n t in S ep tem b er, c o m p a re d w ith a n e g a tiv e 0.5 p e rc en t in A u g u st. N e g a tiv e p e rs o n a l s a v in g re fle c ts p e rso n al o utlays th a t e x c e e d d isp o sa b le p e rso n al incom e. S a v in g fro m c u rre n t in c o m e m a y b e n e a r z ero or n e g ativ e w h e n o u tla y s are fin a n c e d b y b o rro w in g (in c lu d in g b o rro w in g fin a n c e d th ro u g h c re d it cards or h o m e eq u ity lo an s), by sellin g in v estm en ts or o th e r assets, o r b y u s in g sa v in g s fro m p re v io u s p erio d s. F o r m o re in fo rm atio n , see th e F A Q s on “P e rso n a l S a v in g ” o n B E A ’s W e b site. F o r a co m p ariso n o f p e rs o n a l sa v in g in B E A ’s n atio n al in c o m e and p ro d u c t a c c o u n ts w ith p e rs o n a l sav in g in th e F e d e ra l R e se rv e B o a r d ’s flo w o f funds 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 rth (w h ic h h elp fin an ce c o n su m p tio n ), g o to h ttp ://w w w .b e a .g o v /b e a /d n /n ip a w e b /N ip a -F rb .a s p . R eal D P I an d real P C E R eal D P I - D P I a d ju ste d to re m o v e p ric e ch an g es - in c re a se d 0.8 p e rc e n t in S ep tem b er, c o m p a re d w ith an in c re a se o f 0.2 p e rc e n t in A u g u st. In S e p tem b er, th e la rg e r in c re ase in real D P I th a n in c u rre n t-d o lla r D P I re fle c te d a d e c re a se in the P C E im p lic it p ric e d e fla to r, w h ic h is u sed to d e fla te D P I. T h e d e c re a se in th e P C E p ric e in d e x p rim arily re fle c te d d e crea se s in en erg y prices. T h e P C E p ric e in d e x d e c re a se d 0.3 p e rc e n t in S ep tem b er, in c o n tra st to an in c re ase o f 0.3 p e rc e n t in A u g u st. T h e P C E p ric e in d e x , e x c lu d in g fo o d an d energy, in c re a se d 0.2 p e rc e n t, c o m p ared w ith an in c re ase o f 0.3 p e rc en t. R eal P C E — P C E a d ju ste d to re m o v e p ric e ch an g es - in c re a se d 0.4 p e rc e n t in S ep tem b er, in c o n tra st to a d e crea se o f 0.1 p e rc e n t in A u g u st. P u rch a ses o f d u ra b le g o o d s in c re a se d 2.1 p ercen t, in c o n tra st to a d e crea se o f 1.5 p e rc e n t. M o to r v e h icles a cco u n ted fo r a b o u t o n e -th ird o f the in crease in S e p te m b e r an d a c c o u n te d fo r th e d e c re a se in A u g u st. P u rch a ses o f n o n d u ra b le g o o d s in c re ase d 0.3 p e rc e n t in S e p te m b e r, in c o n tra st to a d e c re a se o f 0.2 p e rc en t in A u g u st. P u rc h a se s o f serv ices in c re a se d 0.2 p e rc e n t in S e p te m b e r a n d in A u g u st. -more- R e v is io n s E stim a te s h a v e b e e n re v is e d fo r Ju ly and A ugust. C h an g es in p e rso n al in co m e, c u rre n t-d o lla r an d ch ain ed (2 0 0 0 ) d o lla r D P I, a n d c u rre n t-d o lla r and ch ain ed (2 0 0 0 ) d o lla r P C E for Ju ly and A u g u st — re v ised an d as p u b lis h e d in last m o n th 's release — are sh o w n below . Change from preceding m onth July Previous Revised A ugust Previous Revised Previous Revised Previous Revised (Percent) (Billions of dollars) (Percent) (Billions of dollars) Personal Income: Current dollars..................... 57.2 47.1 0.5 0.4 38.4 47.2 0.3 0.4 Current dollars..................... 62.0 53.7 0.6 0.6 38.8 46.4 0.4 0.5 Chained (2000) dollars........ 26.0 19.2 0.3 0.2 13.5 17.8 0.2 0.2 Current dollars..................... 75.9 70.9 0.8 0.8 10.5 15.3 0.1 0.2 Chained (2000) dollars........ 38.9 35.0 0.5 0.4 -10.4 -8.5 -0.1 -0.1 Disposable personal income: Personal consumption expenditures: B E A ’s n a tio n a l, in te rn a tio n a l, re g io n al, and in d u stry e stim 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 ; and B E A n ew s re le a se s are av ailab le w ith o u t ch arg e on B E A ’s W eb site at w w w .b e a .g o v . B y v isitin g th e site, y o u c an also su b sc rib e to re c eiv e free e-m ail su m m a rie s o f B E A releases and a n n o u n cem en ts. * * * N e x t re le a se — P e rso n a l In c o m e an d O u tlay s fo r O c to b e r w ill be re le a se d on N o v e m b e r 30, 2 0 06, at 8:30 A .M . E S T . -more- T a b le 1 .— P e rs o n a l In c o m e a n d Its D is p o s itio n (M o n th s ) ¡Billions of dollars] Seasonally adjusted at annual rates 2006 Feb. Mar. May Apr. June J u ly ' A u g .' Sep.r’ P erso nal inc om e ................................................................................................ 10,721.9 10,777.4 10,852.4 10,894.2 10,956.3 11,003.4 11,050.6 11,103.6 C om pen sa tion o f em ployees, rece ive d ....................................................... 7,407.2 7,451.3 7,513.2 7,520.5 7,565.9 7,598.1 7,616.8 7,656.0 Wage and salary d is b u rs e m e n ts ............................................................. Private industries ..................................................................................... Goods-producing in d u s trie s ................................................................. Manufacturing .................................................................................. Services-producing industries ............................................................. Trade, transportation, and u tilitie s .................................................. Other servlces-producing industries ............................................... G o ve rn m e nt............................................................................................. 5,976.6 4,977.9 1,179.5 744.3 3,798.4 984.8 2,813.7 998.7 6,013.8 5,013.4 1,188.4 749.6 3,825.0 990.8 2,834.2 1,000.4 6,066.5 5,063.3 1,197.0 754.7 3,866.3 1 ,0 0 1 .0 2,865.3 1,003.2 6,069.4 5,064.0 1,199.6 754.5 3,864.4 998.7 2,865.7 1,005.4 6,107.8 5,098.6 1,207.3 757.5 3,891.3 1,005.8 2,885.5 1,009.2 6,132.8 5,119.9 1,207.7 757.2 3,912.3 1 ,0 1 0 .1 2,902.2 1,012.9 6,146.3 5,130.0 1,210.7 757.9 3,919.3 1 ,0 1 0 .8 2,908.5 1,016.2 6,179.0 5,161.0 1 ,2 1 2 .0 757.5 3,949.0 1,017.9 2,931.1 1,018.0 S up plem ents to w ages and s a la ries ....................................................... Employer contributions for employee pension and insurance f u n d s ...... Employer contributions for governm ent social In s u ra n c e ....................... 1,430.7 971.6 459.1 1,437.4 975.7 461.7 1,446.8 981.4 465.4 1,451.1 985.6 465.5 1,458.0 990.1 468.0 1,465.3 995.6 469.7 1,470.6 1 ,0 0 0 .2 470.4 1,477.0 1,004,4 472.6 P ro p rie to rs ’ inc om e w ith in v e n to ry v a lu a tio n and ca pita l c o n s u m p tio n a d ju s tm e n ts ................................................................................................ Farm ......................................................................................................... Nonfarm ....................................................................................................... 1,005.7 23.9 981.8 1,012.5 23.2 989.3 1 ,0 1 0 .1 1,014.8 17.5 997.3 1,010.7 14.6 996.1 1,008.8 16.1 992.7 1,014.1 19.5 994.6 1,017.3 23.2 994.1 20.5 989.6 R ental inc om e o f pe rs o n s w ith c a p ita l c o n s u m p tio n a d ju s tm e n t ............ 75.9 76.4 74.2 71.8 6 8 .2 71.5 74.2 77.7 P ersonal inc om e rece ip ts on a ss e ts ........................................................... Personal Interest income ............................................................................. Personal dividend In c o m e ............................................................................ 1,602.1 989.1 613.0 1,603.9 986.2 617.8 1,625.4 1,002.7 622.7 1,647.3 1,019.2 628.2 1,670.2 1,035.6 634.6 1,677.4 1,036.4 641.0 1,684.9 1,037.2 647.7 1,692.7 1,038.0 654.6 P ersonal cu rre n t tra n s fe r re c e ip ts ............................................................... Government social benefits to p e rs o n s ....................................................... Old-age, survivors, disability, and health Insurance b e n e fits .................. Government unemployment Insurance benefits ..................................... Other ....................................................................................................... Other current transfer receipts, from business (net) .................................. 1,568.7 1,534.3 910.3 27.4 596.6 34.5 1,576.3 1,541.7 917.9 27.4 596.4 34.6 1,580.2 1,545.4 920.8 27.0 597.6 34.8 1,591.1 1,556.1 927.9 27.0 601.2 35.0 1,597.8 1,562.6 935.8 27.0 599.9 35.2 1,608.0 1,572.6 931.4 27.3 613.9 35.4 1,622.5 1,587.0 938.9 27.3 620.7 35.5 1,625.9 1,590.2 939.7 27.3 623.2 35.7 Less: C o n trib u tio n s fo r g o ve rn m e n t s o c ia l in s u ra n c e ............................. 937.8 943.0 950.7 951.4 956.5 960.4 962.1 966.0 L es s: P ersonal cu rre n t taxes ............................................................................ 1,333.9 1,346.2 1,370.2 1,376.6 1,388.9 1,382.3 1,383.1 1,386.8 E quals: D is posable perso na l in co m e .............................................................. 9,388.1 9,431.3 9,482.2 9,517.6 9,567.4 9,621.1 9,667.5 9,716.8 Less: P ersonal o u tla ys ...................................................................................... 9,418.6 9,465.7 9,522.3 9,587.5 9,621.2 9,697.4 9,716.5 9,731.8 Personal consumption expenditures ................................................................ Durable g o o d s ............................................................................................. Nondurable goods ....................................................................................... Services ....................................................................................................... Personal Interest pa ym ents 1 ........................................................................... Personal current transfer p a y m e n ts ................................................................. To government ............................................................................................ To the rest of the world (net) ...................................................................... 9,079.2 1,055.7 2,654.5 5,369.0 218.5 120.9 75.7 45.2 9,123.8 1,066.9 2,664.5 5,392.5 220.4 121.4 76.3 45.2 9,175.2 1,064.1 2,703.9 5,407.2 125.5 76.8 48.7 9,238.6 1,057.9 2,728.3 5,452.4 222.9 126.0 77.3 48.7 9,270.5 1,063.5 2,732.0 5,475.0 224.2 126.5 77.9 48.7 9,341.4 1,085.1 2,756.1 5,500.2 227.4 128.6 78.4 50.2 9,356.7 1,069.9 2,760.2 5,526.6 230.6 129.2 79.0 50.2 9,368.3 1,086.6 2,728.3 5,553.4 233.8 129.7 79.5 50.2 E qua ls: P ersonal savin g ................................................................................... -3 0 .6 -3 4 .4 -40.1 -69 .8 -5 3 .8 -7 6 .3 -4 9 .0 -15 .0 P ersonal savin g as a pe rcentag e o f d is p o s a b le pe rso n a l inc o m e .......... - .3 - .4 -.4 - .7 -.6 -.8 - .5 -.2 8,283.8 8,292.9 8,299.9 8,302.2 8,333.6 8,352.8 8,370.6 8,439.8 31,468 27,767 298,337 31,591 27,778 298,539 31,739 27,782 298,753 31,834 27,768 298,979 31,975 27,852 299,213 32,128 27,893 299,459 32,256 27,928 299,716 32,392 28,135 299,972 A ddenda: Disposable personal income: Total, billions of chained (2000) d o lla rs 2 ................................................... Per capita: Current dollars ........................................................................................ Chained (2000) dollars ............................................................................ Population (midperiod, thousands ) 3 ................................................................ p P relim inary r Revised 1. C onsists of nonm orlgage interest paid by households. 2. Equals disposable personal incom e deflated by the im plicit price deflator for personal co nsum ption expenditures. 2 2 1 .6 3. P opulation is the total population o f the U nited S tates, including the A rm ed Forces overseas and the in stitu tionalized population. T he m onthly estim ate is the average of estim ates for the first of the m onth and the first of the follow ing m onth; the annual and quarterly estim ates are averages of the m onthly estim ates. T a b le 2 .— P e r s o n a l In c o m e a n d Its D is p o s itio n (Y e a r s a n d Q u a rte rs ) [Billions of dollars] Seasonally adjusted at annual rates 2004 2005 2005 II Personal inc om e .............................. C o m pensation o f em ployees, received ............................................ W age and sa lary d is b u rs e m e n ts ........................................................ Private Industries ............................................................... Goods-producing in d u s trie s ....................................................... M anu fa ctu rin g ............................................................................ Services-produclng Industries ............................................................ Trade, transportation, and u tilitie s ............................................... Other services-produclng Industries ............................................... G o ve rn m e nt.............................................................................. S upp lem ents to w ages and s ala ries .................................................. Employer contributions for employee pension and Insurance fu n d s ...... Employer contributions for government social In s u ra n c e ....................... P ro p rie to rs ’ in co m e w ith In v e n to ry v a lu a tio n and cap ita l c o n s u m p tio n a d ju s tm e n ts ........................................................... Farm ................................................................ Nonfarm ........................................................................ Rental incom e o f pe rso n s w ith cap ita l co n su m p tio n a d ju s tm e n t............ | III 2006 IV I II III 9,731.4 10,239.2 10,161.5 10,262.7 10,483.7 10,721.4 10,901.0 11,052.5 6,665.3 7,030.3 6,953.7 7,093.6 7,184.4 7,400.3 7,533.2 7,623.7 5,392.1 4,450.3 1,050.8 5,664.8 4,687.1 1,101.3 704.7 3,585.8 937.2 2,648.5 977.7 5,601.3 4,627.6 1,087.5 697.3 3,540.0 930.4 2,609.7 973.7 5,715.2 4,734.6 1,113.9 709.7 3,620.7 945.5 2,675.2 980.6 5,787.0 4,798.9 1,124.9 715.0 3,673.9 954.9 2,719.0 988.1 5,970.1 4,972.0 1,177.3 742.8 3,794.7 983.6 2,811.0 998.1 6,081.2 5,075 3 1801.3 755 6 3 874 0 1801.8 287 2.2 1,005.9 6,152.7 5137 0 T2 1 0 1 757 5 3,926.9 1 ,012 9 29139 1815.7 407.1 1,365.5 933.2 432.3 1,352.4 924.7 427.7 1,378.4 942.1 436.3 1,397.4 956.1 441.3 1,430.3 971.6 458.7 1,452.0 985 7 466.3 1,471.0 1 ono 1 470.9 911.1 36.2 874.9 970.7 30.2 940.4 965.8 28.7 937.1 967.3 29.7 937.7 996.8 28.7 968.1 1,008.3 23.9 984.4 1,011.9 17.5 994.3 1,013.4 ’ 196 993.8 6 8 8 .0 3,399.5 899.2 2,500.3 941.8 1,273.2 8 6 6 .1 127.0 72.8 1 0 2 .8 -11.5 81.5 76.8 71.4 74.5 P ersonal inc o m e rec e ip ts on asse ts ....................................... Personal interest income .................................................... Personal dividend income ................................................... 1,427.9 890.8 537.1 1,519.4 945.0 • 574.4 1,500.5 934.8 565.7 1,532.7 951.2 581.5 1,580.2 981.7 598.5 1,602.3 989.1 613.2 1,647.7 1,019.2 628.5 1,685.0 1 037 2 647.8 P ersonal cu rre n t tra n s fe r rece ip ts ................................................. Government social benefits to p e rs o n s ............................................... Old-age, survivors, disability, and health Insurance b e n e fits .................. Government unemployment Insurance benefits .................................... Other ....................................................................... Other current transfer receipts, from business (net) ................................ 1,426.5 1,398.4 791.4 36.0 571.0 28.1 1,526.6 ' 1,480.9 844.9 31.3 604.6 45.7 1,510.1 1,477.2 844.4 30.7 602.1 33.0 1,569.0 1,489.2 848.5 30.2 610.4 79.8 1,539.8 1,500.8 854.6 31.6 614.5 39.0 1,570.4 1,536.0 909.9 27.8 598.3 34.5 1,589.7 1854.7 928 1 27.0 599 6 35.0 1 618 8 Less: C o n trib u tio n s fo r g o v e rn m e n t so cia l Insurance ............................. T e s s : P ersonal cu rre n t taxes ..........I............................................ 1,583.3 Q3R 7 27.3 619 3 35.5 826.4 880.6 871.5 888.5 898.9 936.7 952.9 962.8 1,049.8 1,203.1 1,191.8 1,215.0 1,247.6 1,332.6 1,378.6 1,384.1 9,668.5 E quals: D isp os ab le pers on al inc om e ......................................................... 8,681.6 9,036.1 8,969.7 9,047.7 9,236.1 9,388.8 9,522.4 Less: P ersonal o u tla ys 8,507.2 9,070.9 9,000.4 9,180.3 9,264.5 9,418.5 9,577.0 9,715.2 8,211.5 986.3 2,345.2 4,880.1 186.0 109.7 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 42.9 8,742.4 1,033.1 2,539.3 5,170.0 209.4 119.2 72.0 47.1 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 9,355.5 1880.6 284 8.2 5,526.7 230 6 129.2 79 0 50.2 174.3 -34.8 -3 0 .8 -132.6 -2 8 .5 -29 .7 -54 .6 -4 6 .8 2.0 -.4 -.3 -1 .5 -.3 -.3 -.6 - .5 8 ,0 1 0 .8 8,104.6 8,085.8 8,074.1 8,183.3 8,276.8 8,311.9 8,387.7 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 31,849 27,801 298,982 32,259 27,986 2 9 981 6 ................................................ Personal consumption expenditures ........................................................ Durable goods .......................................................... Nondurable goods ................................................. Services ...................................................... Personal Interest pa ym e nts 1 .................................................... Personal current transfer p a y m e n ts ................................................. To government ...................................................................... To the rest of the world ( n e t ) ........................................................... E quals: P ersonal sa vin g .......................................................... 6 6 .8 P ersonal savin g as a percen tag e o f d isp os able p e rso na l inc o m e .......... A ddenda: Disposable personal Income: Total, billions of chained (2000) do lla rs 2 ............................................... Per capita: Current dollars ............................................................................ Chained (2000) dollars .......................................................... Population (midperiod, thousands ) 3 .................................................. 1. C onsists of nonm ortgage interest paid by households. 2. Equals disposable personal incom e deflated by the im plicit price deflator for personal co nsum ption expenditures. 3. P opulation is the tota l population o f the United S tates, including the A rm ed Forces ov erseas and the in stitu 1 2 1 .8 tionalized population. T he m onthly estim ate is the average of estim ates for the first o f the m onth and the first of the following month; the annual and quarterly estim ates are av erages o f the m onthly estim ates. T a b le 3 — P e rs o n a l In c o m e and Its D isp o sitio n , C h an g e fro m P re c e d in g P e rio d (M o n th s) [Billions of dollars] Seasonally adjusted at annual rates 2006 Feb. P e r s o n a l in c o m e ............................................................................................................... C o m p e n s a tio n o f e m p lo y e e s , r e c e iv e d W a g e a n d s a la r y d i s b u r s e m e n ts ................................................................ Mar. May Apr. June J u ly A u g .' Sep.p 5 7 .0 5 5 .5 7 5 .0 4 1 .8 62.1 47.1 4 7 .2 5 3 .0 6 4 .7 44.1 6 1 .9 7 .3 4 5 .4 3 2 .2 1 8 .7 3 9 .2 ...................................................................... 5 6 .8 3 7 .2 5 2 .7 2 .9 3 8 .4 Private industries ..................................................................................... G oods-producing in d u s trie s ................................................................. Manufacturing ................................................................................. Services-produclng industries ............................................................. Trade, transportation, and u tilitie s .................................................. Other services-producing Industries ............................................... G o v e rn m e n t............................................................................................. 2 5 .0 53.4 15.5 9.6 37.9 9.5 28.4 3.4 1 3 .5 35.5 8.9 5.3 26.6 49.9 .7 3 2 .7 2 .6 -.2 21.3 .4 -.3 10.1 8 .6 6 .0 1 0 .2 20.5 1.7 31.1 -1 .9 -2 .3 .4 31 0 1.3 - .4 29.7 7.1 2 .8 2 .2 34.6 7.7 3.0 26.9 7.1 19.8 3.8 S u p p le m e n ts to w a g e s a n d s a la r ie s 5.1 41.3 2 1 .0 4.3 16.7 3.7 3.0 .7 7.0 .7 6.3 3.3 2 2 .6 1.8 ................................................................ 8 .0 6 .7 9 .4 4 .3 6 .9 7 .3 Employer contributions for employee pension and insurance f u n d s ...... Employer contributions for government social in s u ra n c e ........................ 4.2 3.8 5 .3 4.1 5.7 . 3.7 4.2 6 .4 4.5 2.5 5.5 1.7 4.6 4.2 .7 2 .2 -1 .9 5 .3 3 .2 1.5 -3 .4 3.4 1.9 3.7 - .5 2 .6 .1 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 t io n a n d c a p ita l c o n s u m p tio n a d ju s tm e n ts ................................................................................................ Farm ............................................................................................................ Nonfarm ....................................................................................................... -.2 Rental incom e o f p e rs o n s w ith capital co n s u m p tio n a d ju s tm e n t............ -.9 6 .8 -2 .4 4 .7 - .7 - .7 7.5 - 2 .7 .3 -3 .0 7.7 -4.1 -2 .9 - 1.2 - 2.1 .5 - 2 .2 -2 .4 -3 .6 3.3 2.7 3 .5 P ersonal inc o m e rec e ip ts on assets ........................................................... Personal interest income ............................................................................ Personal dividend in c o m e ........................................................................... 1.3 -2 .9 4.2 1 .8 2 1 .5 2 1 .9 2 2 .9 7 .2 7 .5 -2 .9 4.8 16.5 4.9 16.5 5.5 16.4 6.4 7 .8 .8 .8 6.4 .8 6.7 6.9 P ersonal cu rre n t tra n s fe r rec e ip ts ............................................................... Government social benefits to p e rs o n s ....................................................... Old-age, survivors, disability, and health Insurance b e n e fits .................. G overnm ent unemploym ent insurance benefits ...................................... Other ....................................................................................................... Other current transfer receipts, from business (net) ................................... 2.4 2.4 8.9 7.6 7.4 7.6 1 0 .2 14.5 14.4 7.5 3.4 3.2 - 1 .2 -5 .3 .1 0 -.2 .1 Less: C o n trib u tio n s fo r g o ve rn m e nt s o c ia l in s u ra n ce .............................. 8 .5 5 .2 Less: P ersonal c u rre n t tax es ........................................................................... 16.1 1 2 .3 2 4 .0 ....................................................................... 4 1 .0 4 3 .2 5 0 .9 E q u a ls : D is p o s a b le p e r s o n a l in c o m e Less: P ersonal o u tla y s 3 .9 1 0 .9 3.7 2.9 - .4 10.7 7.1 6.7 6.5 7.9 0 0 1 .2 .2 3.6 -1 .3 . 1 0 .0 ■-4 .4 .3 14.0 .2 .2 7 .7 .7 .8 0 2.5 .2 0 6 .8 .1 5.1 3 .9 1 .7 3 .9 6 .4 1 2 .3 -6 .6 .8 3 .7 3 5 .4 4 9 .8 5 3 .7 4 6 .4 4 9 .3 .2 ..................................................................................... 4 7 .3 47.1 5 6 .6 6 5 .2 3 3 .7 7 6 .2 19.1 1 5 .3 Personal consumption expenditures ................................................................ Durable goods ............................................................................................. Nondurable goods ..................................................................................... Services ............................................................................................... Personal interest p a ym e n ts 1 .......................................................................... Personal current transfer p a y m e n ts ................................................................. To g o v e rn m e n t............................................................................................ To the rest of the world ( n e t ) ...................................................................... 44.8 -14.1 - 1.2 60.1 1.9 .5 .5 44.6 51.4 - 2 .8 39.4 14.7 63.4 - 6 .2 24.4 45.2 1.3 .5 .5 31.9 5.6 3.7 70.9 15.3 -1 5 .2 4.1 26.4 3.2 1 1 .6 E quals: P ersonal sa vin g ................................................................................... A d de nd um : Real disposable personal income, billions of chained (2000) d o lla rs 2 ........... p Pr e lim in a r y r R evised 1. C onsists of nonm ortgage interest paid by households. 2. E quals disposable personal incom e deflated by the im plicit price d eflator fo r person al co nsum ption expenditures. 1 1 .2 1 0 .0 23.5 1.9 .5 1.2 .6 0 4.1 .5 3.5 -6 .4 -3 .8 -5 .7 30.2 9.1 7.0 0 2 2 .6 1.3 .5 2 1 .6 24.1 25.2 3.2 2.1 16.7 -3 1 .9 26.8 3.2 .5 .5 .6 0 .5 1.5 .6 .6 0 -2 9 .7 1 6 .0 - 2 2 .5 2 7 .3 3 4 .0 2.3 31.4 19.2 17.8 69.2 0 0 T ab le 4.— P e rs o n a l In c o m e a n d Its D isp o sitio n , C h an g e fro m P re c e d in g P erio d (Y ears an d Q u arte 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 III 507.8 112.7 1 0 1 .2 2 2 1 .0 237.7 179.6 365.0 64.1 139.9 90.8 215.9 132.9 90.5 ...................................................................... 279.4 242,0 42.9 19.1 199.1 40.9 158.2 37.4 272.7 236.8 50.5 16.7 186.3 38.0 148.2 35.9 45.6 40.3 113.9 107.0 26.4 12.4 80.7 15.1 65.5 6.9 71.8 64.3 183.1 173.1 52.4 27.8 1 1 1 .1 71.5 61 7 1 2 0 .8 41.7 9.8 75.5 50.5 25.0 92.3 67.1 25.2 18.5 14.9 3.6 99.8 7.0 92.8 59.6 - 6 .0 65.5 13.0 -5 .2 18.2 - 6 .0 -54 .2 91.3 -23 .3 114.5 91.5 54.2 37.3 75.5 81.7 50.1 -1 6 .8 48.5 - 6 .2 ............................................................... Employer contributions for employee pension and insurance fu n d s ...... Employer contributions for government social in s u ra n c e ....................... P ro p r ie to r s ’ in c o m e w ith in v e n to r y v a lu a tio n a n d c a p ita l c o n s u m p tio n a d j u s t m e n t s .......................................................................................... Farm ................................................................................................... Nonfarm .............................................................................................. 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 .............. .................................................................... Personal interest income ........................................................................ Personal dividend in c o m e ........................................................................... ........................................................................ G overnm ent social benefits to p e rs o n s ....................................................... Old-age, survivors, disability, and health insurance b e n e fits .................. Government unemployment insurance benefits ..................................... Other ................................................................................................ Other current transfer receipts, from business (net) .................................. | 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 P e r s o n a l c u r r e n t t r a n s fe r re c e ip ts IV 354.9 Private Industries ................................................................................... Goods-producing In d us trie s................................................................. M a n u fa ctu rin g ................................................................................ Services-producing industries ............................................................. Trade, transportation, and u tilitie s .................................................. Other services-producing industries ............................................... G o v e rn 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 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 r s e m e n ts 2006 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 8 .6 .4 31.6 1 1 .0 5.3 53.2 9.4 43.8 7.5 103.3 24.0 12 .8 151.5 8 .8 19 52.9 1 0 .0 79.3 18.2 61.2 7.8 19.0 14.0 5.0 32.9 15.5 17.4 21.7 14.1 7.6 19.0 144 4.6 1 .0 .6 29.5 - 1.0 30.4 11.5 -4 .8 16.3 3.6 -6 .4 9.9 2.1 -1 5 .7 -114.3 93.0 -4 .7 -5 .4 3.1 36.2 22.5 13.7 32.2 16.4 15.8 47.5 30.5 17.0 2 2 .1 45.4 30.1 15.3 37.3 18.0 19.3 1 0 0 .1 2 2 .8 58.9 -29 .2 82.5 53.5 -4 .7 33.6 17.6 20.9 12 .0 4.1 -.5 8.3 46.8 30.6 35.2 55.3 -3 .8 -16 .2 -4 .5 19.3 18.7 18.2 29.1 28.6 1 2 .2 1 1 .6 6.1 -.8 1.3 .5 .3 19.7 .5 9.9 1 2 .2 19.4 5.3 - 2.1 1 0 .8 2 .0 26.0 17.4 8 .6 1.5 1.4 4.1 -4 0 .8 28.7 92.0 7.4 14.7 11.1 1.5 -.5 8 6 .................................. 47.8 54.2 7.9 17.0 10.4 37.8 16.2 L e s s : P e r s o n a l c u r r e n t t a x e s ...................................................................................... 48.7 153.3 33.9 23.2 32.6 ■85.0 46.0 5.5 519.1 354.5 78.8 78.0 188.4 152.7 133.6 146.1 519.5 563.7 161.9 179.9 84.2 154.0 158.5 138.2 507.9 43.6 155.0 309.3 3.5 154.9 29.2 58.4 67.3 8.7 -1 .7 1.4 -3 .0 172.7 15.0 76.3 81.4 80.5 -37 .7 28.6 89.6 .3 3.3 1.5 - .2 1.8 151.4 44.5 44.7 62.1 3.6 - .9 1.5 -2 .4 148.9 -2 .3 63.2 5.5 2.7 530.9 46.8 194.1 289.9 23.4 9.5 5.2 4.2 3.5 127.4 18.8 26.8 81.8 7.7 3.2 1.7 1.5 -.6 -209.1 -83 .3 -1 0 1 .8 104.1 - 1 .2 -24.9 7.8 280.9 93.8 9.2 -1 1 .7 109.2 93.5 35.1 75.8 E q u a ls : D is p o s a b le p e r s o n a l in c o m e L e s s : P e r s o n a l o u tla y s ....................................................................... ............................................................................................. Personal consumption expenditures ............................................................... Durable goods .................................................................................... Nondurable goods ................................................................. Services ............................................................................. Personal interest pa ym ents 1 .......................................................................... Personal current transfer p a y m e n ts ................................................................ To government .............................................................................. To the rest of the world ( n e t ) ..................................................................... E q u a ls : P e r s o n a l s a v in g 8 .2 .................................................................................... 6.1 1.2 1.4 88.1 4.4 5.1 1.6 A ddendum : Real disposable personal Income, billions of chained (2000) dollars 2 ........... 1. C onsists of nonm ortgage interest paid by households. 2. E quals disposable personal incom e deflated by the im plicit price d eflator fo r personal consum ption expenditures. 4? T a b le 5 — P e rs o n a l In c o m e a n d Its D is p o s itio n , P e rc en t C h an g e fro m P rec ed in g P erio d (M o n th s ) Se a so n a l l y a d j u st e d at m ont hly rates 2006 Fe b . Mar. Apr. M ay B a se d P e r s o n a l in c o m e C o m p e n sa t i o n W age and ........................................................................................................... o f e m p l o y e e s, sa l a r y Su p p l e m e n t s P r o p r i e t o r s’ In c o m e a d j u st m e n t s Re n t a l .............................................................. to w age s w it h and sa l a r ie s in ve n t o ry v a lu a t io n and cap it al of p e r so n s w it h cap it al c o n su m p t i o n 0.7 0.4 0.6 0.4 0.4 0.5 .6 .8 .1 .6 .4 1.0 .6 .9 .6 .4 5 .6 .5 .6 .5 .5 .2 .2 .4 a d j u st m e n t ..................... - .2 .5 -. 4 - .2 .5 .3 .7 -2.9 -3.2 -5.0 4.8 3.9 4.6 1.3 1. 3 1.4 .4 .5 5 1.7 1.6 1.6 .1 .1 1 .8 .9 1.0 1.0 1 1 1 1 .5 .2 .7 .4 .6 .9 .2 .6 .8 .1 .5 .4 .2 .4 1 .2 .9 1.8 .5 .9 - .5 .1 .3 .4 .5 .5 .4 .5 .6 .5 .5 .1 ................................................................................ .7 .8 .2 .9 L e s s : P e r s o n a l c u rr e n t ta x e s ................................................................................ ....................................................................... P e r so n a l d ivid e n d P e r so n a l L e ss: current in c o m e t r a n sf e r r e c e i p t s ....................................................................... Co n t rib u t io n s for go v e r n m e n t so c i a l 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 in su r a n c e 4 .7 -. 3 in c o m e .3 5 -.1 .1 i n t e r e st 0 -2.6 -. 3 P e r so n a l m e a su r e s 0.5 ................................................................................. receip t s o n Se p . ? .9 a s s e t s ................................................................... in com e A u g . 7’ c o n su m p t i o n ...................................................................................................... in c o m e P e r so n a l cu rre n t -d ollar r J u ly 0.5 r e c e i v e d ................................................................ d i s b u r s e m e n t s .................................................................... on Ju n e ....................................... Addenda: P e r so n a l c o n su m p t i o n Du rab le good s N o n d u rab le Se r v i c e s e x p e n d it u re s ................................................................... ................................................................................... .5 .6 .7 .3 .8 .2 1 1. 1 -.3 -.6 .5 2 .0 -1 .4 1 6 0 .4 1.5 .9 .1 .9 .2 1. 1 .4 .3 .8 .4 .5 .5 .5 .2 .2 .8 .5 -1.3 g o o d s ........................................................................................... ............................................................................................. B a se d R e a l d i sp o sa b l e p e r so n a l i n c o m e ........................................................................ .4 .1 on ch ain e d .1 (2000) d ollar 0 -1 2 m e a su r e s .4 . p P relim inary r R evised T a b le 6 .— P e r s o n a l In c o m e a n d Its D is p o s it io n , P e r c e n t C h a n g e fr o m P r e c e d in g P e r io d ( Y e a rs a n d Q u a r te r s ) Seasonally adjusted at annual rates 2004 2005 2005 II 2006 III IV I II III Based on current-dollar measures ........................................................................................... Compensation of employees, re c e iv e d ............................................................ Wage and salary disbursements ................................................................. Supplements to wages and salaries ........................................................... Proprietors’ income with Inventory valuation and capital consumption adjustments ............................................................................................ Rental income of persons with capital consumption adjustment ................... Personal income receipts on a s s e ts ............................’. .................................. Personal Interest Income ............’................................................................ Personal dividend In c o m e ............................................................................ Personal current transfer r e c e ip ts .................................................................... P e r s o n a l in c o m e Less: Contributions for government social insurance ..................................... ........................................................................... 6.2 5.2 4.6 4.0 5.6 5.5 6.3 5.5 5.1 7.3 3.8 3.3 5.7 8.3 8.4 7.9 8.9 5.2 5.1 5.6 12.3 -4 .5 6.5 -4 2 .7 6.4 5.6 -4 3 .3 10.3 .6 12.7 -2 .5 27.1 5.6 6.1 1 0 .2 7.0 7.0 6.1 6 .8 9.4 6.9 5.7 1 2 .6 7.4 7.7 4.9 4.8 5.3 13.3 9.7 4.7 -2 1 2 10.4 6.3 8.9 7.2 11.7 16.5 6 .6 3.7 6 .2 1.4 25 2 13.0 13.5 5.7 3.0 1 2 .2 -7 .3 1 0 .2 8 .2 12.7 10.4 5.0 8 .0 4.8 17.9 7.1 1 1 .8 .6 18 3 9.4 7.3 1 2 .8 7.5 4.2 4.9 14.6 1 2 .2 8 .0 1 1 .2 30.2 1 4 .5 1 .6 ....................................................................... 6.4 4.1 3 .6 3 .5 8 .6 6 .8 5 .8 6.3 Personal consumption expenditures ................................................................ Durable g o o d s ............................................................................ Nondurable goods ........................................................................ 6 .6 6.5 4.7 8.3 5.9 7.5 8.2 6.7 12.1 5.9 12.7 6.5 3.7 -1 3 .5 4.5 7.1 7 .0 4.6 7.1 18.6 7.0 4.8 -.9 L e s s : P e r s o n a l c u rr e n t ta x e 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 A ddenda: S e rv ice s .................................................................... 6 .8 9 .9 5.4 9 .9 5.6 7.2 4.0 6.7 6 .2 1.7 3.7 Based on chained (2000) dollar measures Real disposable personal in c o m e .................................................................... 3.6 1 .2 .5 -.6 5 .5 4.6 T a b le 7 .— R e a l P e r s o n a l C o n s u m p t io n E x p e n d itu r e s b y M a jo r T y p e o f P r o d u c t ( M o n th s ) 2006 > Feb. Mar. May Apr. June July ^ A u g .' Sep.p 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 it u r e s ........................................ Durable goods .................................. Nondurable goods ....................................... Services .................... 8 .0 1 1 .3 8 ,0 2 2 .6 8 .0 3 1 .2 8 ,0 5 8 .7 8 ,0 7 5 .0 1,181.0 2.346.4 4,505.3 8 ,1 1 0 .0 1,195.2 2,338.6 4,512.8 1,191.7 2.347.3 4.515.3 1,184.9 2.352.1 4.542.1 8 ,1 0 1 .5 1,194.2 2.353.9 4.548.9 8 ,1 3 7 .1 1.217.9 2,361.0 4.557.9 1 ,2 0 0 .1 1.225.5 2,363.8 4.575.6 2,356.7 4,567.2 Change from preceding period In billions of chained (2 0 0 0 ) 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 it u r e s ............................................ Durable goods ............................ Nondurable goods .................................... Services ...................................... 3 3 .8 1 1 .3 8 .6 2 7 .5 1 6 .3 3 5 .0 -14.2 3.1 39.9 14.2 -7 .8 7.5 -3 .5 8.7 2.5 - 6 .8 4.8 26.8 -8 .5 9.3 23.7 7.1 9.0 3 5 .6 -1 7 .8 -4 .3 9.3 25.4 7.1 8.4 1.8 6 .8 Percent change from preceding period in chained (2 0 0 0 ) 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 it u r e s ...................................................... Durable goods ........................................... Nondurable goods ............................ Services ................... .4 - 1.2 .1 1.2 .1 -.3 - .3 .4 .9 .2 .1 .1 .3 .2 .8 .1 .1 -.6 .2 .6 .4 - .1 .4 2 .0 -1 .5 .3 2.1 - .2 .2 .2 .2 .3 p P relim inary r Revised T a b le 8 .— R e a l P e r s o n a l C o n s u m p t io n E x p e n d itu r e s b y M a jo r T y p e o f P r o d u c t (Y e a rs a n d Q u a r te r s ) Seasonally adjusted at annual rates 2004 2005 2005 1 II 2006 III IV I II III 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 .................... 7 ,5 7 7 .1 7 ,8 4 1 .2 7 ,8 1 9 .8 7 ,8 9 5 .3 7 ,9 1 0 .2 1,085.7 2,179.2 4,323.9 8 ,0 0 3 .8 1,145.3 2,276.8 4,436.6 1,150.8 2,268.4 4,420.0 1,175.9 2,287.6 4,454.5 8 ,0 5 5 .0 1,137.9 2,309.6 4,476.7 8 ,1 1 6 .2 1,190.5 2,342.8 4,494.5 1,190.3 2,351.1 4,535.4 1^214.5 2360.5 4,566.9 Change from preceding period in billions of chained (2 0 0 0 ) 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 26 4.1 8 0 .4 7 5 .5 1 4 .9 65.1 76.2 145.1 9 3 .6 59.6 97.6 112.7 5 1 .2 34.0 26.9 24.7 25.1 19.2 34.5 -3 8 .0 6 1 .2 52.6 33.2 17.8 -2 24? 9.4 31.5 2 2 .0 2 2 .2 8.3 40.9 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 ................. 3 .9 3 .5 4 .2 3 .9 .8 4 .8 6.4 3.6 3.5 5.5 4.5 1 2 .8 9.0 3.4 3.2 -1 2 .3 3.9 19.8 5.9 2 .0 1 .6 2 .6 4.9 2.3 2 .6 -1 14 3.7 3 1 8 4 1 6 2 .8 T ab le 9.— P rice In d ex e s fo r P e rs o n a l C o n s u m p tio n E xp en d itu res : L evel and P e rc en t C h an g e F ro m P re c e d in g P e rio d (M o n th s ) 2006 Feb. Mar. May Apr. June July'- Aug. ' | Sep.p Chain-type price indexes (2000=100), seasonally adjusted 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 ) ................................ Durable goods .............................. Nondurable goods ..................... Services ..................................... 1 1 3 .3 4 0 1 1 3 .7 3 7 1 1 4 .2 5 4 89.389 113.150 119.180 89.264 113.953 119.502 89.289 115.210 119.761 110.928 111.988 108.735 111.264 112.390 109.065 111.515 112.929 109.290 1 1 4 .6 5 0 1 1 4 .8 1 5 1 10 . 1t/J 1 1 5 .5 0 2 1 1 5 .1 4 0 89.144 117.142 121.017 88.665 115.439 121.378 112.415 114.172 110.113 112.614 113.687 110.275 A ddenda: PCE excluding food and e n e rg y ................................ Market-based PCE 1 ....................................... Market-based PCE excluding food and e n e rg y 1 ..................... 111.736 111.963 1 10 .0 10 109.537 109.745 i uy.üoo Percent change from preceding period in price Indexes, seasonally adjusted at monthly rates PCE ..................................... 4 « ] .1 Durable goods ................... Nondurable goods ...................... ........... Services ........................... - .1 -.2 .2 .3 n .7 0 .0 .1 .0 .3 .3 1.1 .3 p .3 .4 .3 .2 .2 .5 .4 .1 .2 .2 .2 - .3 - .5 - 1 .5 .3 A ddenda: PCE excluding food and e n e rg y .......................................... Market-based P C E 1 ............................ Market-based PCE excluding food and e n e rg y 1 ................................. .2 o .1 .2 .1 .3 .2 .2 .2 - .4 .1 i ' Pr e lim in ar y r Re v ise d 1. T his index is a supplem ental m easure that is based on household expenditures (or w hich there are observable price m easures It excludes most im plicit prices (for exam ple, the se rvices furnished w ithout paym ent by financial interm ediaries) and the expenses o f nonprofit institutions. T a b le 1 0 — R e a l D is p o s a b le P e r s o n a l In c o m e a n d R e a l P e r s o n a l C o n s u m p t io n E x p e n d itu r e s : P e r c e n t C h a n g e F r o m M o n th O n e Y e a r Ago 2006 Fe b . Mar. Apr. M ay June J u ly ' A u g . ' Se p . p D is p o s a b le p e rs o n a l i n c o m e ............................................................. 2 .5 2 .8 3 .0 2 .8 2 .7 2 .5 5.3 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 .................................................... 3 .4 3 .5 2 .9 3 .4 2 .7 2 .3 2 .7 3 4 2.3 6.1 2 .0 -1 .6 3 4 8 5 Du rab le good s N on d u rab le Se r v i c e s ............................ ..... good s ...................... 3 .9 6 .0 5.9 4.3 4.6 3.6 3.9 3.4 3.5 2.9 3 1 2.5 2.4 2.7 2 .6 2.5 2.5 2.4 2 .6 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 Feb . 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 ) ........................................... Du rab le good s N o n d u rab le Se r v i c e s ............................ good s ............................ ................... Mar. Apr. M ay June 3 .0 2 .9 3 .0 3 .3 -1.4 -1.5 -1.4 -1 .6 3.6 3.5 3.8 5.0 3.6 3 5 a a J u ly ' 3 .5 A u g . ' 3 .2 Se p . p 2 .0 -1 .3 5.3 .3 3.6 3.5 2.5 2.4 2. 1 2.1 Addenda: P C E e xclu d in g food and M a r k e t - b a se d P C E 1 M a r k e t - b a se d P C E e n e r g y .............................. ............ exclud ing food and e n e r gy 1 .............................. p P relim inary r Revised 1. T h is index is a supplem ental m easure that is based on household expenditures for w hic h the re are observable price m easures. It excludes most im plicit prices (for exam ple, the services furnished w ithout paym ent by financial interm ediaries) and the expenses o f nonprofit institutions. 2.0 2.0 2.2 2.2 2.3 2.8 2.7 2.8 3.2 3.4 0.0 1.6 1.6 1.8 1.8 2.0 2.0 1.6