Table 1. Personal Income and Its Disposition (Months) [Billions of dollars; months seasonally adjusted at annual rates] ----------------------------------------------------------------------------------------------------------------------------------- Dec 08 Jan 09\r\ Feb 09\r\ Mar 09\r\ Apr 09\r\ May 09\r\ Jun 09\r\ Jul 09\p\ ----------------------------------------------------------------------------------------------------------------------------------- Personal income............................ Compensation of employees, received...... Wage and salary disbursements.......... Private industries................... Goods-producing industries......... Manufacturing.................... Services-producing industries...... Trade, transportation, and utilities....................... Other services-producing industries...................... Government........................... Supplements to wages and salaries...... Employer contributions for employee pension and insurance funds......... Employer contributions for government social insurance.................... Proprietors' income with inventory valuation and capital consumption adjustments............................. Farm................................... Nonfarm................................ Rental income of persons with capital consumption adjustment.................. Personal income receipts on assets....... Personal interest income............... Personal dividend income............... Personal current transfer receipts....... Government social benefits to persons.. Old-age, survivors, disability, and health insurance benefits........... Government unemployment insurance benefits............................ Other................................ Other current transfer receipts, from business (net)........................ Less: Contributions for government social insurance, domestic..................... Less: Personal current taxes............... Equals: Disposable personal income......... Less: Personal outlays..................... Personal consumption expenditures........ Goods.................................. Durable goods........................ Nondurable goods..................... Services............................... Personal interest payments\1\............ Personal current transfer payments....... To government.......................... To the rest of the world (net)......... Equals: Personal saving.................... Personal saving as a percentage of disposable personal income.............. Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars\2\............... Disposable personal income: Total, billions of chained (2005) dollars\2\............................ Per capita: Current dollars...................... Chained (2005) dollars............... Population (midperiod, thousands)\3\..... ----------------------------------------------------------------------------------------------------------------------------------- p Preliminary r Revised. Revisions include changes to series affected by the incorporation of revised wage and salary estimates for the first quarter of 2009. 1. Consists of nonmortgage interest paid by households. 2. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. 3. 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; quarters seasonally adjusted at annual rates] ----------------------------------------------------------------------------------------------------------------------------------- 2007 2008 I 08 II 08 III 08 IV 08 I 09\r\ II 09\r\ ----------------------------------------------------------------------------------------------------------------------------------- Personal income............................ Compensation of employees, received...... Wage and salary disbursements.......... Private industries................... Goods-producing industries......... Manufacturing.................... Services-producing industries...... Trade, transportation, and utilities....................... Other services-producing industries...................... Government........................... Supplements to wages and salaries...... Employer contributions for employee pension and insurance funds......... Employer contributions for government social insurance.................... Proprietors' income with inventory valuation and capital consumption adjustments............................. Farm................................... Nonfarm................................ Rental income of persons with capital consumption adjustment.................. Personal income receipts on assets....... Personal interest income............... Personal dividend income............... Personal current transfer receipts....... Government social benefits to persons.. Old-age, survivors, disability, and health insurance benefits........... Government unemployment insurance benefits............................ Other................................ Other current transfer receipts, from business (net)........................ Less: Contributions for government social insurance, domestic..................... Less: Personal current taxes............... Equals: Disposable personal income......... Less: Personal outlays..................... Personal consumption expenditures........ Goods.................................. Durable goods........................ Nondurable goods..................... Services............................... Personal interest payments\1\............ Personal current transfer payments....... To government.......................... To the rest of the world (net)......... Equals: Personal saving.................... Personal saving as a percentage of disposable personal income.............. Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars\2\............... Disposable personal income: Total, billions of chained (2005) dollars\2\............................ Per capita: Current dollars...................... Chained (2005) dollars............... Population (midperiod, thousands)\3\..... ----------------------------------------------------------------------------------------------------------------------------------- r Revised. Revisions include changes to series affected by the incorporation of revised wage and salary estimates for the first quarter of 2009. 1. Consists of nonmortgage interest paid by households. 2. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. 3. 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; months seasonally adjusted at annual rates] ----------------------------------------------------------------------------------------------------------------------------------- Dec 08 Jan 09\r\ Feb 09\r\ Mar 09\r\ Apr 09\r\ May 09\r\ Jun 09\r\ Jul 09\p\ ----------------------------------------------------------------------------------------------------------------------------------- Personal income............................ Compensation of employees, received...... Wage and salary disbursements.......... Private industries................... Goods-producing industries......... Manufacturing.................... Services-producing industries...... Trade, transportation, and utilities....................... Other services-producing industries...................... Government........................... Supplements to wages and salaries...... Employer contributions for employee pension and insurance funds......... Employer contributions for government social insurance.................... Proprietors' income with inventory valuation and capital consumption adjustments............................. Farm................................... Nonfarm................................ Rental income of persons with capital consumption adjustment.................. Personal income receipts on assets....... Personal interest income............... Personal dividend income............... Personal current transfer receipts....... Government social benefits to persons.. Old-age, survivors, disability, and health insurance benefits........... Government unemployment insurance benefits............................ Other................................ Other current transfer receipts, from business (net)........................ Less: Contributions for government social insurance, domestic..................... Less: Personal current taxes............... Equals: Disposable personal income......... Less: Personal outlays..................... Personal consumption expenditures........ Goods.................................. Durable goods........................ Nondurable goods..................... Services............................... Personal interest payments\1\............ Personal current transfer payments....... To government.......................... To the rest of the world (net)......... Equals: Personal saving.................... Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars\2\....................... Disposable personal income, billions of chained (2005) dollars\2\............ ----------------------------------------------------------------------------------------------------------------------------------- p Preliminary r Revised. Revisions include changes to series affected by the incorporation of revised wage and salary estimates for the first quarter of 2009. 1. Consists of nonmortgage interest paid by households. 2. 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; quarters seasonally adjusted at annual rates] ----------------------------------------------------------------------------------------------------------------------------------- 2007 2008 I 08 II 08 III 08 IV 08 I 09\r\ II 09\r\ ----------------------------------------------------------------------------------------------------------------------------------- Personal income............................ Compensation of employees, received...... Wage and salary disbursements.......... Private industries................... Goods-producing industries......... Manufacturing.................... Services-producing industries...... Trade, transportation, and utilities....................... Other services-producing industries...................... Government........................... Supplements to wages and salaries...... Employer contributions for employee pension and insurance funds......... Employer contributions for government social insurance.................... Proprietors' income with inventory valuation and capital consumption adjustments............................. Farm................................... Nonfarm................................ Rental income of persons with capital consumption adjustment.................. Personal income receipts on assets....... Personal interest income............... Personal dividend income............... Personal current transfer receipts....... Government social benefits to persons.. Old-age, survivors, disability, and health insurance benefits........... Government unemployment insurance benefits............................ Other................................ Other current transfer receipts, from business (net)........................ Less: Contributions for government social insurance, domestic..................... Less: Personal current taxes............... Equals: Disposable personal income......... Less: Personal outlays..................... Personal consumption expenditures........ Goods.................................. Durable goods........................ Nondurable goods..................... Services............................... Personal interest payments\1\............ Personal current transfer payments....... To government.......................... To the rest of the world (net)......... Equals: Personal saving.................... Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars\2\....................... Disposable personal income, billions of chained (2005) dollars\2\............ ----------------------------------------------------------------------------------------------------------------------------------- r Revised. Revisions include changes to series affected by the incorporation of revised wage and salary estimates for the first quarter of 2009. 1. Consists of nonmortgage interest paid by households. 2. 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) [Months seasonally adjusted at monthly rates] ----------------------------------------------------------------------------------------------------------------------------------- Dec 08 Jan 09\r\ Feb 09\r\ Mar 09\r\ Apr 09\r\ May 09\r\ Jun 09\r\ Jul 09\p\ ----------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------- Based on current-dollar measures ---------------------------------------------------------------------------------------- Personal income............................ Compensation of employees, received...... 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 assets....... Personal interest income............... Personal dividend income............... Personal current transfer receipts....... Less: Contributions for government social insurance, domestic..................... Less: Personal current taxes............... Equals: Disposable personal income......... Addenda: Personal consumption expenditures........ Goods.................................. Durable goods........................ Nondurable goods..................... Services............................... ---------------------------------------------------------------------------------------- Based on chained (2005) dollar measures ---------------------------------------------------------------------------------------- Real personal income excluding current transfer receipts....................... Real disposable personal income.......... ----------------------------------------------------------------------------------------------------------------------------------- p Preliminary r Revised. Revisions include changes to series affected by the incorporation of revised wage and salary estimates for the first quarter of 2009. Table 6. Personal Income and Its Disposition, Percent Change From Preceding Period (Years and Quarters) [Quarters seasonally adjusted at annual rates] ----------------------------------------------------------------------------------------------------------------------------------- 2007 2008 I 08 II 08 III 08 IV 08 I 09\r\ II 09\r\ ----------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------- Based on current-dollar measures ---------------------------------------------------------------------------------------- Personal income............................ Compensation of employees, received...... 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 assets....... Personal interest income............... Personal dividend income............... Personal current transfer receipts....... Less: Contributions for government social insurance, domestic..................... Less: Personal current taxes............... Equals: Disposable personal income......... Addenda: Personal consumption expenditures........ Goods.................................. Durable goods........................ Nondurable goods..................... Services............................... ---------------------------------------------------------------------------------------- Based on chained (2005) dollar measures ---------------------------------------------------------------------------------------- Real personal income excluding current transfer receipts....................... Real disposable personal income.......... ----------------------------------------------------------------------------------------------------------------------------------- r Revised. Revisions include changes to series affected by the incorporation of revised wage and salary estimates for the first quarter of 2009. Table 7. Real Personal Consumption Expenditures by Major Type of Product (Months) ----------------------------------------------------------------------------------------------------------------------------------- Dec 08 Jan 09 Feb 09 Mar 09 Apr 09\r\ May 09\r\ Jun 09\r\ Jul 09\p\ ----------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------- Billions of chained (2005) dollars, seasonally adjusted at annual rates ---------------------------------------------------------------------------------------- Personal consumption expenditures.......... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. ---------------------------------------------------------------------------------------- Change from preceding period in billions of chained (2005) dollars, seasonally adjusted at annual rates ---------------------------------------------------------------------------------------- Personal consumption expenditures.......... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. ---------------------------------------------------------------------------------------- Percent change from preceding period in chained (2005) dollars, seasonally adjusted at monthly rates ---------------------------------------------------------------------------------------- Personal consumption expenditures.......... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. ----------------------------------------------------------------------------------------------------------------------------------- p Preliminary r Revised Table 8. Real Personal Consumption Expenditures by Major Type of Product (Years and Quarters) [Quarters seasonally adjusted at annual rates] ----------------------------------------------------------------------------------------------------------------------------------- 2007 2008 I 08 II 08 III 08 IV 08 I 09 II 09\r\ ----------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------- Billions of chained (2005) dollars ---------------------------------------------------------------------------------------- Personal consumption expenditures.......... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. ---------------------------------------------------------------------------------------- Change from preceding period in billions of chained (2005) dollars ---------------------------------------------------------------------------------------- Personal consumption expenditures.......... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. ---------------------------------------------------------------------------------------- Percent change from preceding period in chained (2005) dollars ---------------------------------------------------------------------------------------- Personal consumption expenditures.......... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. ----------------------------------------------------------------------------------------------------------------------------------- r Revised Table 9. Price Indexes for Personal Consumption Expenditures: Level and Percent Change From Preceding Period (Months) ----------------------------------------------------------------------------------------------------------------------------------- Dec 08 Jan 09 Feb 09 Mar 09 Apr 09\r\ May 09\r\ Jun 09\r\ Jul 09\p\ ----------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------- Chain-type price indexes (2005=100), seasonally adjusted ---------------------------------------------------------------------------------------- Personal consumption expenditures (PCE).... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. Addenda: Energy goods and services\1\............. PCE excluding food and energy\2\......... Market-based PCE\3\...................... Market-based PCE excluding food and energy\3\........................... ---------------------------------------------------------------------------------------- Percent change from preceding period, seasonally adjusted at monthly rates ---------------------------------------------------------------------------------------- PCE........................................ Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. Addenda: Energy goods and services\1\............. PCE excluding food and energy\2\......... Market-based PCE\3\...................... Market-based PCE excluding food and energy\3\........................... ----------------------------------------------------------------------------------------------------------------------------------- p Preliminary r Revised 1. Consists of gasoline and other energy goods and of electricity and gas. 2. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 3. This index is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most implicit prices (for example, financial services furnished without payment) and the final consumption expenses of nonprofit institutions serving households. p Preliminary r Revised Table 10. Real Disposable Personal Income and Real Personal Consumption Expenditures: Percent Change From Month One Year Ago ----------------------------------------------------------------------------------------------------------------------------------- Dec 08 Jan 09\r\ Feb 09\r\ Mar 09\r\ Apr 09\r\ May 09\r\ Jun 09\r\ Jul 09\p\ ----------------------------------------------------------------------------------------------------------------------------------- Disposable personal income................. Personal consumption expenditures.......... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. ----------------------------------------------------------------------------------------------------------------------------------- p Preliminary r Revised. Revisions include changes to series affected by the incorporation of revised wage and salary estimates for the first quarter of 2009. Table 11. Price Indexes for Personal Consumption Expenditures: Percent Change From Month One Year Ago ----------------------------------------------------------------------------------------------------------------------------------- Dec 08 Jan 09 Feb 09 Mar 09 Apr 09\r\ May 09\r\ Jun 09\r\ Jul 09\p\ ----------------------------------------------------------------------------------------------------------------------------------- Personal consumption expenditures (PCE).... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. Addenda: Energy goods and services\1\............. PCE excluding food and energy\2\......... Market-based PCE\3\...................... Market-based PCE excluding food and energy\3\........................... ----------------------------------------------------------------------------------------------------------------------------------- p Preliminary r Revised 1. Consists of gasoline and other energy goods and of electricity and gas. 2. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 3. This index is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most implicit prices (for example, financial services furnished without payment) and the final consumption expenses of nonprofit institutions serving households.