The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, FRIDAY, NOVEMBER 8, 2013 BEA 13-51 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: SEPTEMBER 2013 Personal income increased $67.4 billion, or 0.5 percent, and disposable personal income (DPI) increased $64.8 billion, or 0.5 percent, in September, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $24.7 billion, or 0.2 percent. In August, personal income increased $65.6 billion, or 0.5 percent, DPI increased $66.3 billion, or 0.5 percent, and PCE increased $39.8 billion, or 0.3 percent, based on revised estimates. Real disposable personal income increased 0.4 percent in September, the same increase as in August. Real PCE increased 0.1 percent in September, compared with an increase of 0.2 percent in August. 2013 May June July Aug. Sept. (Percent change from preceding month) Personal income, current dollars 0.3 0.3 0.2 0.5 0.5 Current dollars 0.3 0.3 0.3 0.5 0.5 Chained (2009) dollars 0.2 -0.1 0.2 0.4 0.4 Current dollars 0.2 0.6 0.1 0.3 0.2 Chained (2009) dollars 0.1 0.2 0.0 0.2 0.1 Disposable personal income: Personal consumption expenditures: __________________ 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 $18.8 billion in September, compared with an increase of $34.8 billion in August. Goods producing industries' payrolls increased $4.4 billion, compared with an increase of $8.0 billion; manufacturing payrolls increased $1.3 billion, compared with an increase of $5.6 billion. Service-producing industries' payrolls increased $14.3 billion, compared with an increase of $27.0 billion. Government wages and salaries increased $8.8 billion in September, compared with an increase of $2.3 billion in August. Government wages were reduced by $7.3 billion in August and $7.7 billion in July due to furloughs that affected several federal government agencies. Other personal income Supplements to wages and salaries increased $4.0 billion in September, compared with an increase of $4.2 billion in August. Proprietors' income increased $25.3 billion in September, compared with an increase of $15.8 billion in August. Farm proprietors' income increased $19.7 billion, compared with an increase of $9.5 billion. In September, farm proprietors’ income was boosted $10.1 billion, at an annual rate, reflecting a settlement agreement for a class-action suit 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 $5.6 billion in September, compared with an increase of $6.2 billion in August. Rental income of persons increased $6.4 billion in September, compared with an increase of $5.1 billion in August. Personal income receipts on assets (personal interest income plus personal dividend income) increased $2.3 billion, in contrast to a decrease of $3.6 billion. Personal current transfer receipts increased $5.6 billion, compared with an increase of $11.6 billion. Contributions for government social insurance -- a subtraction in calculating personal income -increased $3.8 billion in September, compared with an increase of $4.7 billion in August. Personal current taxes and disposable personal income Personal current taxes increased $2.6 billion in September, in contrast to a decrease of $0.8 billion in August. Disposable personal income (DPI) -- personal income less personal current taxes -- increased $64.8 billion, or 0.5 percent, in September, compared with an increase of $66.3 billion, or 0.5 percent in August. - more - -3- Personal outlays and personal saving Personal outlays -- PCE, personal interest payments, and personal current transfer payments -increased $32.6 billion in September, compared with an increase of $47.7 billion in August. PCE increased $24.7 billion, compared with an increase of $39.8 billion. Personal saving -- DPI less personal outlays -- was $619.9 billion in September, compared with $587.6 billion in August. The personal saving rate -- personal saving as a percentage of disposable personal income -- was 4.9 percent in September, compared with 4.7 percent in August. 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 the 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 -- increased 0.4 percent in September, the same increase as in August. Real PCE -- PCE adjusted to remove price changes -- increased 0.1 percent in September, compared with an increase of 0.2 percent in August. Purchases of durable goods decreased 1.2 percent in September, in contrast to an increase of 1.7 percent in August. Purchases of motor vehicles and parts accounted for most of the decrease in September. Purchases of nondurable goods increased 0.6 percent in September, in contrast to a decrease of 0.3 percent in August. Purchases of services increased 0.2 percent, compared with an increase of 0.1 percent. The price index for PCE increased 0.1 percent in September, the same increase as in August. The PCE price index, excluding food and energy, increased 0.1 percent in September, the same increase as in August. - more - -4- Revisions Estimates have been revised for July and August. Changes in personal income, current-dollars and chained (2009) dollars DPI, and current-dollars and chained (2009) dollars PCE for July and August -- revised and as published in last month's release -- are shown below. Change from preceding month July Previous Revised (Billions of dollars) August Previous Revised (Percent) Previous Revised (Billions of dollars) Previous Revised (Percent) Personal income: Current dollars 21.2 21.7 0.2 0.2 57.2 65.6 0.4 0.5 Disposable personal income: Current dollars Chained (2009) dollars 32.7 19.9 38.5 25.6 0.3 0.2 0.3 0.2 56.2 36.4 66.3 47.5 0.5 0.3 0.5 0.4 Personal consumption expenditures: Current dollars 18.3 Chained (2009) dollars 7.2 14.6 4.1 0.2 0.1 0.1 0.0 34.5 17.5 39.8 23.9 0.3 0.2 0.3 0.2 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 6, 2013 at 8:30 A.M. EST for Personal Income and Outlays for October 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 Feb. 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...................................................... March April May Line June July r Aug. r Sept. p 13,969.3 14,016.8 14,018.7 14,066.4 14,109.8 14,131.5 14,197.1 14,264.5 1 8,762.6 8,776.4 8,788.1 8,805.4 8,840.2 8,820.8 8,862.2 8,893.7 2 7,053.7 7,065.9 7,074.6 7,089.5 7,120.9 7,101.5 7,138.7 7,166.2 3 5,857.5 5,872.5 5,880.1 5,894.9 5,927.8 5,915.6 5,950.4 5,969.2 4 1,178.4 1,179.4 1,179.7 1,184.3 1,192.1 1,187.6 1,195.6 1,200.0 5 745.2 745.1 745.4 747.4 752.4 747.7 753.3 754.6 6 4,679.2 4,693.1 4,700.4 4,710.6 4,735.7 4,727.9 4,754.9 4,769.2 7 1,116.1 1,122.5 1,120.7 1,124.6 1,128.1 1,126.6 1,135.0 1,136.2 8 3,563.1 3,570.6 3,579.7 3,585.9 3,607.6 3,601.3 3,619.9 3,633.0 9 1,196.1 1,193.3 1,194.4 1,194.6 1,193.1 1,185.9 1,188.2 1,197.0 10 1,708.9 1,710.6 1,713.5 1,715.9 1,719.3 1,719.3 1,723.5 1,727.5 11 1,182.2 526.7 1,183.4 527.2 1,185.9 527.6 1,187.6 528.2 1,189.2 530.0 1,190.8 528.6 1,192.9 530.6 1,195.2 12 532.3 13 1,339.4 1,370.6 1,355.7 1,342.9 1,325.8 1,339.2 1,355.0 1,380.3 14 137.0 168.9 148.9 129.0 109.0 118.6 128.1 147.8 15 1,202.3 1,201.7 1,206.8 1,213.9 1,216.8 1,220.7 1,226.9 1,232.5 16 574.9 584.2 585.1 587.7 590.2 594.7 599.8 606.2 17 1,960.0 1,951.5 1,971.5 1,995.2 2,015.2 2,029.7 2,026.1 2,028.4 18 1,215.8 1,204.1 1,214.9 1,225.6 1,236.3 1,234.0 1,231.7 1,229.5 19 744.2 747.4 756.6 769.6 779.0 795.7 794.3 798.9 20 2,427.8 2,430.9 2,416.1 2,434.9 2,441.8 2,448.0 2,459.6 2,465.2 21 2,383.9 2,386.7 2,371.9 2,390.4 2,397.2 2,403.3 2,414.7 2,420.2 22 789.0 795.4 785.8 797.3 801.4 799.1 803.9 804.8 23 591.1 590.1 583.4 586.0 589.4 593.0 596.6 599.8 24 423.6 424.0 423.7 427.7 426.9 434.2 439.7 439.7 25 73.8 72.3 70.4 68.5 66.6 64.7 62.4 59.5 26 78.2 76.1 78.0 80.3 81.6 80.5 81.1 83.4 27 428.1 429.0 430.5 430.7 431.3 431.8 431.0 433.0 28 44.0 44.1 44.3 44.4 44.5 44.7 44.9 45.0 29 1,095.4 1,096.8 1,097.9 1,099.6 1,103.4 1,100.9 1,105.6 1,109.4 30 1,632.6 1,641.5 1,653.8 1,664.8 1,675.9 1,659.2 1,658.4 1,661.0 31 12,336.7 12,375.2 12,364.9 12,401.7 12,433.9 12,472.4 12,538.7 12,603.5 32 11,812.8 11,837.5 11,806.4 11,822.9 11,881.6 11,903.4 11,951.1 11,983.7 33 11,397.1 11,419.0 11,392.4 11,413.0 11,476.0 11,490.6 11,530.4 11,555.1 34 3,872.2 3,856.4 3,825.0 3,840.2 3,880.3 3,900.6 3,917.1 3,915.4 35 1,246.3 1,244.7 1,250.2 1,254.8 1,267.4 1,267.4 1,285.3 1,269.0 36 2,625.9 2,611.7 2,574.8 2,585.4 2,612.9 2,633.2 2,631.8 2,646.3 37 7,524.9 7,562.6 7,567.3 7,572.9 7,595.7 7,590.0 7,613.3 7,639.7 38 250.4 253.1 248.7 244.3 239.8 247.5 255.1 262.7 39 165.3 165.4 165.4 165.6 165.8 165.3 165.6 165.9 40 89.4 89.5 89.7 89.9 90.1 90.4 90.7 91.0 41 75.9 75.9 75.7 75.7 75.7 74.9 74.9 74.9 42 523.9 537.7 558.5 578.8 552.2 569.0 587.6 619.9 43 4.2 4.3 4.5 4.7 4.4 4.6 4.7 4.9 44 10,778.3 10,830.2 10,875.7 10,894.0 10,886.9 10,891.6 10,928.5 10,976.5 45 11,520.9 11,568.0 11,590.3 11,615.3 11,601.4 11,627.0 11,674.5 11,724.7 46 39,081 36,497 315,668 39,182 36,626 315,838 39,127 36,676 316,019 39,221 36,734 316,202 39,299 36,668 316,395 39,395 36,725 316,599 39,578 36,850 316,808 39,756 47 36,984 48 317,024 49 p Preliminary r Revised 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 Line III 13,191.3 13,743.8 13,651.8 13,701.6 14,073.1 13,925.9 14,065.0 14,197.7 1 8,278.5 8,611.6 8,553.8 8,591.0 8,787.4 8,748.3 8,811.2 8,858.9 2 6,638.7 6,926.8 6,873.5 6,904.7 7,086.6 7,040.4 7,095.0 7,135.5 3 5,444.3 5,729.4 5,678.0 5,709.7 5,887.2 5,844.5 5,900.9 5,945.1 4 1,102.1 1,154.0 1,153.2 1,146.7 1,167.0 1,173.8 1,185.4 1,194.4 5 707.1 735.4 735.7 732.3 740.5 742.1 748.4 751.9 6 4,342.2 4,575.4 4,524.8 4,563.0 4,720.3 4,670.7 4,715.5 4,750.7 7 1,046.2 1,093.7 1,083.8 1,090.0 1,114.2 1,115.2 1,124.5 1,132.6 8 3,296.0 3,481.7 3,441.0 3,473.0 3,606.1 3,555.5 3,591.1 3,618.1 9 1,194.4 1,197.3 1,195.5 1,195.1 1,199.3 1,195.8 1,194.1 1,190.4 10 1,639.8 1,684.9 1,680.3 1,686.2 1,700.9 1,707.9 1,716.2 1,723.5 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 1,187.6 528.6 1,193.0 12 530.5 13 1,155.1 1,224.9 1,217.8 1,220.0 1,247.5 1,334.6 1,341.5 1,358.2 14 72.6 75.4 77.0 75.3 74.5 137.0 129.0 131.5 15 1,082.6 1,149.6 1,140.8 1,144.7 1,173.0 1,197.6 1,212.5 1,226.7 16 484.4 541.2 537.8 546.7 555.4 574.9 587.7 600.2 17 1,884.6 1,958.5 1,935.3 1,926.9 2,062.8 1,935.8 1,994.0 2,028.1 18 1,204.1 1,211.6 1,219.4 1,203.7 1,218.4 1,215.8 1,225.6 1,231.8 19 680.5 746.9 715.9 723.2 844.3 720.0 768.4 796.3 20 2,306.9 2,358.3 2,352.2 2,364.4 2,388.0 2,426.0 2,430.9 2,457.6 21 2,260.3 2,316.8 2,310.5 2,323.8 2,347.9 2,382.0 2,386.5 2,412.7 22 713.3 762.2 760.4 764.8 770.2 789.8 794.9 802.6 23 537.0 560.8 554.2 564.0 577.2 589.3 586.3 596.5 24 405.5 417.1 420.9 421.5 425.1 423.7 426.1 437.9 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 27 433.7 422.5 420.3 423.5 426.8 428.6 430.8 431.9 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 1,100.3 1,105.3 30 1,404.0 1,498.0 1,480.0 1,496.4 1,552.8 1,629.0 1,664.8 1,659.5 31 11,787.4 12,245.8 12,171.9 12,205.1 12,520.4 12,296.9 12,400.1 12,538.2 32 11,119.1 11,558.4 11,507.9 11,601.0 11,696.2 11,794.9 11,837.0 11,946.0 33 10,711.8 11,149.6 11,100.2 11,193.6 11,285.5 11,379.2 11,427.1 11,525.4 34 3,602.7 3,769.7 3,738.4 3,784.9 3,826.1 3,851.8 3,848.5 3,911.0 35 1,129.9 1,202.7 1,189.3 1,206.5 1,230.7 1,244.8 1,257.5 1,273.9 36 2,472.8 2,567.0 2,549.2 2,578.4 2,595.4 2,607.0 2,591.0 2,637.1 37 7,109.1 7,379.9 7,361.8 7,408.7 7,459.4 7,527.4 7,578.6 7,614.4 38 248.0 248.4 247.0 250.7 247.3 250.4 244.3 255.1 39 159.4 160.4 160.8 156.7 163.4 165.3 165.6 165.6 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 74.9 42 668.2 687.4 663.9 604.1 824.1 502.0 563.2 592.2 43 5.7 5.6 5.5 4.9 6.6 4.1 4.5 4.7 44 10,457.1 10,740.1 10,685.5 10,676.2 10,959.6 10,756.9 10,885.6 10,932.2 45 11,324.6 11,551.6 11,510.2 11,493.6 11,743.0 11,502.4 11,602.4 11,675.4 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 39,215 36,692 316,206 39,576 47 36,853 48 316,810 49 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 Feb. 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 .......... March April May Line June July r Aug. r Sept. p 177.6 56.8 52.2 54.0 14.7 9.1 39.4 9.1 30.3 –1.9 4.6 47.5 13.8 12.2 15.0 1.0 –0.1 13.9 6.4 7.5 –2.8 1.7 1.9 11.7 8.7 7.6 0.3 0.3 7.3 –1.8 9.1 1.1 2.9 47.7 17.3 14.9 14.8 4.6 2.0 10.2 3.9 6.2 0.2 2.4 43.4 34.8 31.4 32.9 7.8 5.0 25.1 3.5 21.7 –1.5 3.4 21.7 –19.4 –19.4 –12.2 –4.5 –4.7 –7.8 –1.5 –6.3 –7.2 0.0 65.6 41.4 37.2 34.8 8.0 5.6 27.0 8.4 18.6 2.3 4.2 67.4 1 31.5 2 27.5 3 18.8 4 4.4 5 1.3 6 14.3 7 1.2 8 13.1 9 8.8 10 4.0 11 1.4 3.2 1.2 0.5 2.5 0.4 1.7 0.6 1.6 1.8 1.6 –1.4 2.1 2.0 2.3 12 1.7 13 45.5 31.8 13.6 9.3 64.1 –11.6 75.7 8.4 8.4 4.0 4.3 0.1 –1.8 2.1 –0.5 0.2 6.5 19.7 158.0 78.4 75.7 45.4 2.8 42.7 30.2 2.6 0.1 0.1 0.0 79.5 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 1.1 12.3 –10.3 –31.1 –26.6 –31.4 5.5 –36.9 4.7 –4.4 0.0 0.2 –0.2 20.8 –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 1.7 11.0 36.8 16.5 20.6 15.2 4.6 10.6 5.6 –4.4 0.2 0.2 0.0 20.3 –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 3.8 11.1 32.2 58.7 63.0 40.1 12.6 27.5 22.8 –4.5 0.2 0.2 0.0 –26.6 13.4 9.6 3.9 4.5 14.5 –2.3 16.7 6.2 6.1 –2.3 3.6 7.3 –1.9 –1.1 0.5 0.2 –2.5 –16.7 38.5 21.8 14.6 20.3 0.0 20.3 –5.7 7.7 –0.5 0.3 –0.8 16.8 15.8 9.5 6.2 5.1 –3.6 –2.3 –1.4 11.6 11.4 4.8 3.6 5.5 –2.3 0.6 –0.8 0.2 4.7 –0.8 66.3 47.7 39.8 16.5 17.9 –1.4 23.3 7.6 0.3 0.3 0.0 18.6 116.3 102.8 51.9 47.1 45.5 22.3 18.3 25.0 –7.1 –13.9 4.7 25.6 36.9 47.5 25.3 19.7 5.6 6.4 2.3 –2.2 4.6 5.6 5.5 0.9 3.2 0.0 –2.9 2.3 2.0 0.1 3.8 2.6 64.8 32.6 24.7 –1.7 –16.3 14.5 26.4 7.6 0.3 0.3 0.0 32.3 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 48.0 44 50.2 45 p Preliminary r Revised 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 Line II III 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 7.0 139.1 62.9 54.6 56.4 11.6 6.3 44.8 9.3 35.6 –1.7 8.3 132.7 1 47.7 2 40.5 3 44.2 4 9.0 5 3.5 6 35.2 7 8.1 8 27.0 9 –3.7 10 7.3 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 2.8 5.4 12 1.9 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 6.6 35.8 103.2 42.1 47.9 –3.3 12.7 –16.0 51.2 –6.1 0.3 0.5 –0.2 61.2 464.1 263.8 283.0 227.0 47.1 51.0 –9.3 –16.6 283.4 249.4 –202.7 –240.6 128.7 100.0 16.7 2.5 14.2 12.5 34.1 6.2 27.9 26.7 26.2 7.7 10.2 11.8 –6.3 1.6 1.1 0.5 5.0 –5.3 138.1 109.0 98.3 62.5 16.4 46.1 35.8 10.8 0.0 0.8 –0.8 29.0 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 46.6 44 73.0 45 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 Feb. March April May Line June July r Aug. r p Sept. 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................................................................................. 1.3 0.7 0.7 0.3 0.3 0.2 0.2 0.1 0.0 0.1 0.1 0.2 0.3 0.2 0.2 0.1 0.3 0.4 0.4 0.2 0.2 –0.2 –0.3 0.0 0.5 0.5 0.5 0.2 0.5 0.4 0.4 0.2 1 2 3 4 3.5 1.7 3.4 –0.9 11.3 0.3 0.6 1.2 1.3 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 0.1 0.7 –0.1 –0.9 0.4 1.2 0.9 1.7 0.8 0.2 0.7 0.3 –1.3 0.4 1.0 0.9 1.2 0.3 0.4 0.7 0.3 1.0 0.8 0.7 –0.2 2.1 0.3 –0.2 –1.0 0.3 1.2 0.9 –0.2 –0.2 –0.2 0.5 0.4 0.0 0.5 1.9 1.1 0.1 –0.2 0.6 0.2 0.3 0.2 0.5 5 6 7 8 9 10 11 12 13 0.7 1.2 0.2 1.7 0.4 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 0.4 1.4 –0.1 0.3 0.2 0.0 –1.3 0.6 0.3 14 15 16 17 18 0.2 0.2 –0.1 –0.1 0.0 0.2 0.3 0.4 Based on chained (2009) dollar measures 19 20 Real personal income excluding current transfer receipts ........ Real disposable personal income ............................................. 1.1 0.9 0.5 0.4 0.4 0.2 0.4 19 0.4 20 p Preliminary r Revised 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 Line III 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 4.1 2.9 3.1 2.0 3.8 2.2 2.3 1.7 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 2.4 9.1 3.4 5.1 8.8 7.0 2.0 15.3 4.5 1.8 –1.3 4.5 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 3.5 6.7 5.3 7.3 1.9 14 15 16 17 18 –0.3 –0.6 11.0 9.0 –7.2 –7.9 4.9 3.5 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 1.7 19 2.5 20 Table 7. Real Personal Consumption Expenditures by Major Type of Product (Months) 2013 Line Feb. March April May June July r Aug. r Sept. p 10,711.8 3,669.3 1,338.8 2,346.7 7,042.0 10,735.7 3,683.3 1,361.8 2,340.5 7,052.0 10,749.4 3,682.6 1,344.8 2,354.1 7,066.3 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 .................................................................................... 10,643.5 3,614.6 1,304.6 2,323.8 7,028.0 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 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 .................................................................................... 29.2 13.5 4.3 9.2 15.7 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 4.1 15.7 4.6 11.1 –11.3 23.9 14.0 23.0 –6.2 10.0 13.7 6 –0.7 7 –17.0 8 13.6 9 14.3 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 0.4 0.3 0.4 0.2 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 0.4 1.7 –0.3 0.1 0.1 0.0 –1.2 0.6 0.2 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 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 10,732.3 3,678.4 1,348.5 2,347.1 7,053.4 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 40.4 6 38.8 7 25.3 8 15.4 9 1.9 10 Percent change from preceding period in chained (2009) dollars 11 Personal consumption expenditures ....................................... 12 Goods ....................................................................................... 13 Durable goods ....................................................................... 14 Nondurable goods ................................................................. 15 Services .................................................................................... 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 1.5 4.3 7.8 2.7 0.1 11 12 13 14 15 Table 9. Price Indexes for Personal Consumption Expenditures: Level and Percent Change From Preceding Period (Months) 2013 Line Feb. March April May June July r Aug. r Sept. 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 ...................... 107.083 107.129 95.516 113.006 107.073 106.980 106.526 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 94.980 111.873 107.691 107.273 106.305 94.658 112.213 107.783 107.404 106.349 94.367 112.449 107.961 107.497 106.321 94.350 112.415 108.116 1 2 3 4 5 105.550 107.547 133.493 107.001 105.225 105.619 107.613 129.970 106.879 105.295 105.575 107.730 124.254 106.503 105.194 105.674 107.467 124.583 106.610 105.318 105.884 107.744 128.863 107.050 105.540 105.965 107.859 129.255 107.177 105.656 106.111 108.084 128.994 107.254 105.740 106.174 6 107.964 7 130.044 8 107.342 9 105.793 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 ...................... 0.4 0.8 –0.1 1.2 0.2 –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 0.2 0.1 0.0 0.0 0.0 0.1 11 12 13 14 15 0.1 0.2 5.6 0.5 0.1 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 0.1 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 Feb. 1 Disposable personal income .................................................... 2 Personal consumption expenditures ....................................... 3 Goods ....................................................................................... 4 Durable goods ....................................................................... 5 Nondurable goods ................................................................. 6 Services .................................................................................... March 0.5 1.7 3.2 6.6 1.6 0.9 0.8 2.0 3.1 6.3 1.7 1.4 April May 0.8 1.7 3.0 7.1 1.1 1.1 July r June 0.9 1.8 3.6 7.7 1.8 0.9 0.7 2.0 4.1 8.3 2.1 1.0 1.0 1.7 3.9 8.0 2.0 0.6 Aug. r 1.7 2.0 4.0 8.9 1.7 1.0 Sept. p 2.0 1.7 3.3 5.9 2.0 1.0 Line 1 2 3 4 5 6 p Preliminary r Revised 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 ...................... Feb. March April May June July r Aug. r Sept. p Line 1 2 3 4 5 1.5 0.4 –1.7 1.4 2.1 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 1.9 1.5 1.2 2.4 1.5 1.4 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 6 1.2 7 –3.3 8 0.8 9 1.1 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.