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News Release: Personal Income and Outlays

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Table Headers and Stubs for the August 1, 2006 Personal Income and Outlays Annual Revision News Release

	  EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, FRIDAY, MAY 26, 2006

James E. Rankin:    (202) 606-5301      (Personal Income)BEA 06-21
Michael Armah:      (202) 606-5302      (Personal Outlays)



               PERSONAL INCOME AND OUTLAYS:  APRIL 2006

 Personal income increased $57.9 billion, or 0.5 percent, and disposable personal income (DPI)
increased $36.6 billion, or 0.4 percent, in April, according to the Bureau of Economic Analysis.
Personal consumption expenditures (PCE) increased $55.0 billion, or 0.6 percent.  In March,
personal income increased $48.3 billion, or 0.5 percent, DPI increased $37.2 billion, or 0.4 percent,
and PCE increased $46.4 billion, or 0.5 percent, based on revised estimates.

                                      2005              2006
                                       Dec.     Jan.     Feb.     Mar.     Apr.
(Percent change from preceding month)
Personal income, current dollars        0.5      0.7      0.4      0.5      0.5
Disposable personal income:
Current dollars                         0.5      0.3      0.3      0.4      0.4
Chained (2000) dollars                  0.5     -0.2      0.2      0.0     -0.1
Personal consumption expenditures:
Current dollars                         0.7      0.8      0.3      0.5      0.6
Chained (2000) dollars                  0.7      0.3      0.2      0.1      0.1







               This news release presents revised estimates of wages and salaries, personal taxes, and
contributions for government social insurance for October through December 2005 (fourth quarter).
These estimates reflect newly available fourth-quarter wage and salary tabulations from the quarterly
 census of employment and wages from the Bureau of Labor Statistics.

                         Wages and salaries

 Private wage and salary disbursements increased $50.4 billion in April, compared with an
increase of $27.3 billion in March.  Goods-producing industries' payrolls increased $7.6 billion,
compared with an increase of $3.4 billion; manufacturing payrolls increased $5.2 billion, compared
with an increase of $2.2 billion.  Services-producing industries' payrolls increased $42.6 billion,
compared with an increase of $24.0 billion.  Government wage and salary disbursements increased
$1.5 billion in April, the same increase as in March.


                        Other personal income

 Supplements to wages and salaries increased $8.2 billion in April, compared with an increase
of $9.6 billion in March.

 Proprietors' income increased $1.6 billion in April, compared with an increase of $6.1 billion in
March.  Farm proprietors' income decreased $0.6 billion, compared with a decrease of $2.3 billion.
Nonfarm proprietors' income increased $2.3 billion, compared with an increase of $8.3 billion.

 Rental income of persons decreased $7.1 billion in April, compared with a decrease of $3.8
billion in March.  Personal income receipts of assets (personal interest income plus personal
dividend income) increased $10.2 billion, compared with an increase of $2.6 billion.  Personal
current transfer receipts increased $0.1 billion, compared with an increase of $8.6 billion.

 Contributions for government social insurance -- a subtraction in calculating personal income --
increased $6.9 billion in April, after increasing $3.6 billion in March.

        Personal current taxes and disposable personal income

 Personal current taxes increased $21.4 billion in April, compared with an increase of $11.0
billion in March.  Disposable personal income (DPI) -- personal income less personal current taxes
-- increased $36.6 billion, or 0.4 percent, in April, compared with an increase of $37.2 billion, or 0.4
percent, in March.

                Personal outlays and personal saving

 Personal outlays -- PCE, personal interest payments, and personal current transfer payments
increased $55.1 billion in April, compared with an increase of $48.7 billion in March.  PCE
increased $55.0 billion, compared with an increase of $46.4 billion.

 Personal saving -- DPI less personal outlays -- was a negative $146.8 billion in April, compared
with a negative $128.2 billion in March.  Personal saving as a percentage of disposable personal
income was a negative 1.6 percent in April, compared with a negative 1.4 percent in March.
Negative personal saving reflects personal outlays that exceed disposable personal income.  Saving
from current income may be near zero or negative when outlays are financed by borrowing
(including borrowing financed through credit cards or home equity loans), by selling investments or
other assets, or by using savings from previous periods.  For more information, see the FAQs on
"Personal Saving" on BEA's Web site.


                        Real DPI and real PCE

 Real DPI -- DPI adjusted to remove price changes -- decreased 0.1 percent in April, in contrast
to an increase of less than 0.1 percent in March.

 Real PCE -- PCE adjusted to remove price changes -- increased 0.1 percent in April, the same
increase as in March.  Purchases of durable goods increased 0.3 percent in April, compared with an
increase of 0.5 percent in March.  Purchases of nondurable goods increased 0.2 percent, in contrast
to a decrease of 0.3 percent.  Purchases of services increased 0.1 percent, compared with an increase
of 0.3 percent.

                              Revisions

 Estimates for personal income and DPI have been revised for October through March;
estimates for PCE have been revised for January through March.  Changes in personal income,
current-dollar and chained (2000) dollar DPI, and current-dollar and chained (2000) dollar PCE for
February and March are shown below.

 For October through December, the revisions to wages and salaries reflected the incorporation
of newly available BLS tabulations of fourth-quarter private wages and salaries from the census of
employment and wages.  Wages and salaries were revised down for all three months.  Revisions to
personal current taxes and to contributions for government social insurance reflected the revisions to
wages and salaries.





                                                   Change from preceding month
                                         February                                March
                              Previous  Revised   Previous  Revised   Previous  Revised   Previous  Revised
                            (Billions of dollars)     (Percent)     (Billions of dollars)    (Percent)
Personal Income:
Current dollars................   33.2     37.1        0.3      0.4       49.9     48.3        0.5      0.5
Disposable personal income:
Current dollars................   23.1     26.1        0.2      0.3       39.5     37.2        0.4      0.4
Chained (2000) dollars.........   16.1     18.0        0.2      0.2        4.9      1.9        0.1      0.0
Personal consumption expenditures:
Current dollars................   20.0     26.2        0.2      0.3       51.8     46.4        0.6      0.5
Chained (2000) dollars.........   13.4     18.2        0.2      0.2       16.6     10.7        0.2      0.1




 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 receive free e-mail summaries of BEA releases and
announcements.




                                   Annual Revision of the National Income and Product Accounts

         As part of the annual revision of the national income and product accounts, revised estimates of
personal income and outlays covering January 2003 through May 2006 will be released along with
preliminary estimates for June 2006 on August 1.  An article describing the revision will appear in the
August 2006 issue of the Survey of Current Business.





Next release -- Personal Income and Outlays for May will be released on
June 30, 2006, at 8:30 A.M. EDT.

                                      Table 1.--Personal Income and Its Disposition (Months)
                                 [Billions of dollars; months seasonally adjusted at annual rates]
-----------------------------------------------------------------------------------------------------------------------------------
                                                Sep 05  Oct 05\r\  Nov 05\r\  Dec 05\r\  Jan 06\r\  Feb 06\r\  Mar 06\r\  Apr 06\p\
-----------------------------------------------------------------------------------------------------------------------------------
Personal income............................   10,389.1   10,409.0   10,431.2   10,483.1   10,552.9   10,590.0   10,638.3   10,696.2

  Compensation of employees, received......    7,212.4    7,205.6    7,202.2    7,231.0    7,291.1    7,329.4    7,368.0    7,428.0

    Wage and salary disbursements..........    5,787.7    5,779.4    5,774.6    5,799.7    5,838.5    5,867.4    5,896.4    5,948.2
      Private industries...................    4,808.8    4,799.5    4,791.9    4,815.5    4,850.0    4,875.7    4,903.0    4,953.4
        Goods-producing industries.........    1,134.5    1,134.9    1,130.5    1,133.8    1,138.3    1,142.3    1,145.7    1,153.3
          Manufacturing....................      726.3      729.0      721.7      722.7      724.0      726.4      728.6      733.8
        Services-producing industries......    3,674.3    3,664.6    3,661.4    3,681.7    3,711.7    3,733.4    3,757.4    3,800.0
          Trade, transportation, and
           utilities.......................      963.7      961.4      963.5      966.4      971.4      974.7      980.2      991.8
          Other services-producing
           industries......................    2,710.6    2,703.2    2,698.0    2,715.3    2,740.3    2,758.7    2,777.2    2,808.3
      Government...........................      978.9      980.0      982.6      984.2      988.5      991.8      993.3      994.8

    Supplements to wages and salaries......    1,424.7    1,426.1    1,427.6    1,431.3    1,452.6    1,462.0    1,471.6    1,479.8
      Employer contributions for employee
       pension and insurance funds.........      994.8      996.8      998.9    1,001.2    1,015.0    1,022.9    1,030.8    1,035.7
      Employer contributions for government
       social insurance....................      429.8      429.4      428.7      430.1      437.5      439.1      440.8      444.1

  Proprietors' income with inventory
   valuation and capital consumption
   adjustments.............................      958.4      961.3      967.9      974.0      976.4      975.6      981.7      983.3
    Farm...................................       17.7       19.1       21.0       22.9       17.5       15.1       12.8       12.2
    Nonfarm................................      940.7      942.2      946.9      951.1      959.0      960.6      968.9      971.2

  Rental income of persons with capital
   consumption adjustment..................       83.6       79.3       82.7       78.9       72.1       69.5       65.7       58.6

  Personal income receipts on assets.......    1,476.9    1,494.9    1,512.9    1,531.0    1,533.6    1,535.6    1,538.2    1,548.4
    Personal interest income...............      954.4      967.2      980.1      992.9      991.3      989.6      987.9      993.6
    Personal dividend income...............      522.5      527.7      532.9      538.0      542.3      546.1      550.3      554.7

  Personal current transfer receipts.......    1,536.0    1,545.0    1,541.6    1,547.4    1,576.7    1,581.0    1,589.6    1,589.7
    Government social benefits to persons..    1,498.5    1,504.6    1,512.1    1,517.9    1,547.4    1,551.7    1,560.2    1,560.3
      Old-age, survivors, disability, and
       health insurance benefits...........      851.9      854.8      855.3      865.5      908.3      920.0      929.5      934.8
      Government unemployment insurance
       benefits............................       30.0       30.7       29.6       28.7       27.3       26.1       26.1       25.8
      Other................................      616.5      619.1      627.2      623.6      611.8      605.7      604.6      599.7
    Other current transfer receipts, from
     business (net)........................       37.5       40.4       29.5       29.5       29.3       29.3       29.4       29.4

  Less: Contributions for government social
   insurance...............................      878.1      877.1      876.1      879.1      897.0      901.3      904.9      911.8

Less: Personal current taxes...............    1,224.8    1,229.5    1,231.4    1,238.4    1,281.1    1,292.1    1,303.1    1,324.5

Equals: Disposable personal income.........    9,164.3    9,179.5    9,199.8    9,244.7    9,271.8    9,297.9    9,335.1    9,371.7

Less: Personal outlays.....................    9,185.9    9,209.3    9,251.5    9,314.8    9,386.2    9,414.7    9,463.4    9,518.5

  Personal consumption expenditures........    8,854.8    8,877.3    8,919.1    8,982.1    9,051.5    9,077.7    9,124.1    9,179.1
    Durable goods..........................      990.9      965.3    1,000.7    1,040.4    1,059.2    1,040.3    1,044.3    1,047.4
    Nondurable goods.......................    2,644.1    2,658.7    2,632.7    2,636.0    2,687.9    2,680.5    2,691.9    2,726.9
    Services...............................    5,219.8    5,253.4    5,285.7    5,305.8    5,304.5    5,356.9    5,387.8    5,404.8
  Personal interest payments\1\............      210.7      210.5      210.2      210.0      211.7      213.4      215.1      214.5
  Personal current transfer payments.......      120.4      121.5      122.1      122.7      123.0      123.6      124.2      124.9
    To government..........................       76.0       76.7       77.4       78.0       78.6       79.3       79.9       80.5
    To the rest of the world (net).........       44.4       44.8       44.8       44.8       44.4       44.4       44.4       44.4

Equals: Personal saving....................      -21.7      -29.8      -51.7      -70.1     -114.4     -116.8     -128.2     -146.8

  Personal saving as a percentage of
   disposable personal income..............        -.2        -.3        -.6        -.8       -1.2       -1.3       -1.4       -1.6

Addenda:
  Disposable personal income:
    Total, billions of chained (2000)
     dollars\2\............................    8,131.4    8,126.6    8,179.8    8,220.3    8,206.0    8,224.0    8,225.9    8,218.8
    Per capita:
      Current dollars......................     30,827     30,852     30,897     31,027     31,098     31,166     31,269     31,369
      Chained (2000) dollars...............     27,352     27,313     27,471     27,589     27,523     27,566     27,554     27,510
  Population (midperiod, thousands)\3\.....    297,285    297,534    297,756    297,954    298,144    298,337    298,539    298,751
-----------------------------------------------------------------------------------------------------------------------------------
p Preliminary
r Revised.  Revisions include changes to series affected by the introduction
   of revised wage and salary estimates for the fourth quarter of 2005.
1. Consists of nonmortgage interest paid by households.
2. Equals disposable personal income 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]
-----------------------------------------------------------------------------------------------------------------------------------
                                                  2004    2005\r\      IV 04       I 05      II 05     III 05   IV 05\r\    I 06\r\
-----------------------------------------------------------------------------------------------------------------------------------
Personal income............................    9,713.3   10,237.7   10,024.8   10,073.4   10,185.7   10,250.4   10,441.1   10,593.7

  Compensation of employees, received......    6,687.6    7,113.1    6,895.8    7,001.7    7,060.2    7,177.6    7,212.9    7,329.5

    Wage and salary disbursements..........    5,389.4    5,712.3    5,562.9    5,629.9    5,672.3    5,762.3    5,784.6    5,867.4
      Private industries...................    4,450.0    4,740.7    4,612.9    4,668.1    4,705.0    4,787.3    4,802.3    4,876.2
        Goods-producing industries.........    1,049.9    1,117.4    1,083.0    1,099.2    1,107.2    1,130.0    1,133.0    1,142.1
          Manufacturing....................      687.7      720.0      707.8      715.3      715.5      724.7      724.5      726.3
        Services-producing industries......    3,400.1    3,623.3    3,529.9    3,568.8    3,597.9    3,657.4    3,669.3    3,734.2
          Trade, transportation, and
           utilities.......................      899.7      953.9      931.1      937.8      951.1      962.8      963.8      975.4
          Other services-producing
           industries......................    2,500.4    2,669.5    2,598.8    2,631.0    2,646.8    2,694.5    2,705.5    2,758.7
      Government...........................      939.5      971.6      950.0      961.8      967.3      975.0      982.3      991.2

    Supplements to wages and salaries......    1,298.1    1,400.8    1,332.9    1,371.8    1,387.9    1,415.3    1,428.3    1,462.1
      Employer contributions for employee
       pension and insurance funds.........      895.5      975.0      919.6      950.0      964.4      986.8      998.9    1,022.9
      Employer contributions for government
       social insurance....................      402.7      425.8      413.4      421.9      423.5      428.5      429.4      439.1

  Proprietors' income with inventory
   valuation and capital consumption
   adjustments.............................      889.6      938.7      900.9      917.9      936.6      932.4      967.7      977.9
    Farm...................................       35.8       20.8       24.6       24.7       19.6       18.0       21.0       15.1
    Nonfarm................................      853.8      917.8      876.3      893.2      917.1      914.3      946.7      962.8

  Rental income of persons with capital
   consumption adjustment..................      134.2       72.9      128.7      118.0      104.4      -11.1       80.3       69.1

  Personal income receipts on assets.......    1,396.5    1,457.4    1,493.6    1,407.9    1,439.8    1,468.9    1,512.9    1,535.8
    Personal interest income...............      905.9      945.7      907.4      915.4      936.0      951.2      980.1      989.6
    Personal dividend income...............      490.6      511.7      586.2      492.5      503.8      517.6      532.9      546.2

  Personal current transfer receipts.......    1,427.5    1,525.3    1,449.2    1,488.8    1,509.6    1,558.1    1,544.7    1,582.4
    Government social benefits to persons..    1,394.5    1,483.7    1,419.5    1,459.7    1,480.4    1,483.2    1,511.5    1,553.1
      Old-age, survivors, disability, and
       health insurance benefits...........      789.3      844.7      805.5      828.0      842.2      850.1      858.6      919.2
      Government unemployment insurance
       benefits............................       36.0       28.9       32.4       29.4       28.0       28.5       29.7       26.5
      Other................................      569.2      610.1      581.5      602.2      610.2      604.6      623.3      607.3
    Other current transfer receipts, from
     business (net)........................       33.0       41.6       29.8       29.1       29.2       74.8       33.1       29.3

  Less: Contributions for government social
   insurance...............................      822.2      869.7      843.5      861.0      864.9      875.4      877.4      901.0

Less: Personal current taxes...............    1,049.1    1,207.7    1,094.3    1,171.4    1,206.0    1,220.4    1,233.1    1,292.1

Equals: Disposable personal income.........    8,664.2    9,029.9    8,930.4    8,902.0    8,979.7    9,030.0    9,208.0    9,301.6

Less: Personal outlays.....................    8,512.5    9,072.1    8,725.0    8,854.6    9,001.2    9,173.9    9,258.5    9,421.4

  Personal consumption expenditures........    8,214.3    8,745.7    8,416.1    8,535.8    8,677.0    8,844.0    8,926.2    9,084.4
    Durable goods..........................      987.8    1,026.5    1,008.6    1,017.3    1,035.5    1,050.9    1,002.1    1,047.9
    Nondurable goods.......................    2,368.3    2,564.4    2,437.1    2,476.6    2,533.7    2,604.9    2,642.5    2,686.7
    Services...............................    4,858.2    5,154.9    4,970.4    5,041.8    5,107.8    5,188.3    5,281.6    5,349.7
  Personal interest payments\1\............      186.7      205.9      196.2      198.1      205.3      210.1      210.2      213.4
  Personal current transfer payments.......      111.5      120.4      112.7      120.8      118.8      119.9      122.1      123.6
    To government..........................       68.6       74.8       71.0       72.5       73.9       75.4       77.3       79.2
    To the rest of the world (net).........       42.9       45.6       41.7       48.3       44.9       44.4       44.8       44.4

Equals: Personal saving....................      151.8      -42.1      205.4       47.4      -21.5     -143.9      -50.5     -119.8

  Personal saving as a percentage of
   disposable personal income..............        1.8        -.5        2.3         .5        -.2       -1.6        -.5       -1.3

Addenda:
  Disposable personal income:
    Total, billions of chained (2000)
     dollars\2\............................    8,004.3    8,112.2    8,169.2    8,098.1    8,102.6    8,074.2    8,175.6    8,218.6
    Per capita:
      Current dollars......................     29,477     30,437     30,269     30,111     30,307     30,401     30,926     31,178
      Chained (2000) dollars...............     27,232     27,344     27,689     27,391     27,347     27,183     27,458     27,548
  Population (midperiod, thousands)\3\.....    293,933    296,677    295,037    295,643    296,289    297,027    297,748    298,340
-----------------------------------------------------------------------------------------------------------------------------------
r Revised.  Revisions include changes to series affected by the introduction
   of revised wage and salary estimates for the fourth quarter of 2005.
1. Consists of nonmortgage interest paid by households.
2. Equals disposable personal income 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]
-----------------------------------------------------------------------------------------------------------------------------------
                                                Sep 05  Oct 05\r\  Nov 05\r\  Dec 05\r\  Jan 06\r\  Feb 06\r\  Mar 06\r\  Apr 06\p\
-----------------------------------------------------------------------------------------------------------------------------------
Personal income............................      310.8       19.9       22.2       51.9       69.8       37.1       48.3       57.9

  Compensation of employees, received......       42.3       -6.8       -3.4       28.8       60.1       38.3       38.6       60.0

    Wage and salary disbursements..........       32.6       -8.3       -4.8       25.1       38.8       28.9       29.0       51.8
      Private industries...................       28.3       -9.3       -7.6       23.6       34.5       25.7       27.3       50.4
        Goods-producing industries.........        2.9         .4       -4.4        3.3        4.5        4.0        3.4        7.6
          Manufacturing....................         .4        2.7       -7.3        1.0        1.3        2.4        2.2        5.2
        Services-producing industries......       25.4       -9.7       -3.2       20.3       30.0       21.7       24.0       42.6
          Trade, transportation, and
           utilities.......................        2.6       -2.3        2.1        2.9        5.0        3.3        5.5       11.6
          Other services-producing
           industries......................       22.8       -7.4       -5.2       17.3       25.0       18.4       18.5       31.1
      Government...........................        4.3        1.1        2.6        1.6        4.3        3.3        1.5        1.5

    Supplements to wages and salaries......        9.7        1.4        1.5        3.7       21.3        9.4        9.6        8.2
      Employer contributions for employee
       pension and insurance funds.........        7.8        2.0        2.1        2.3       13.8        7.9        7.9        4.9
      Employer contributions for government
       social insurance....................        1.8        -.4        -.7        1.4        7.4        1.6        1.7        3.3

  Proprietors' income with inventory
   valuation and capital consumption
   adjustments.............................       67.0        2.9        6.6        6.1        2.4        -.8        6.1        1.6
    Farm...................................         .3        1.4        1.9        1.9       -5.4       -2.4       -2.3        -.6
    Nonfarm................................       66.6        1.5        4.7        4.2        7.9        1.6        8.3        2.3

  Rental income of persons with capital
   consumption adjustment..................      297.0       -4.3        3.4       -3.8       -6.8       -2.6       -3.8       -7.1

  Personal income receipts on assets.......        8.1       18.0       18.0       18.1        2.6        2.0        2.6       10.2
    Personal interest income...............        3.2       12.8       12.9       12.8       -1.6       -1.7       -1.7        5.7
    Personal dividend income...............        4.9        5.2        5.2        5.1        4.3        3.8        4.2        4.4

  Personal current transfer receipts.......      -99.9        9.0       -3.4        5.8       29.3        4.3        8.6         .1
    Government social benefits to persons..       20.4        6.1        7.5        5.8       29.5        4.3        8.5         .1
      Old-age, survivors, disability, and
       health insurance benefits...........         .7        2.9         .5       10.2       42.8       11.7        9.5        5.3
      Government unemployment insurance
       benefits............................        2.4         .7       -1.1        -.9       -1.4       -1.2         .0        -.3
      Other................................       17.2        2.6        8.1       -3.6      -11.8       -6.1       -1.1       -4.9
    Other current transfer receipts, from
     business (net)........................     -120.3        2.9      -10.9         .0        -.2         .0         .1         .0

  Less: Contributions for government social
   insurance...............................        3.6       -1.0       -1.0        3.0       17.9        4.3        3.6        6.9

Less: Personal current taxes...............        5.6        4.7        1.9        7.0       42.7       11.0       11.0       21.4

Equals: Disposable personal income.........      305.1       15.2       20.3       44.9       27.1       26.1       37.2       36.6

Less: Personal outlays.....................       36.8       23.4       42.2       63.3       71.4       28.5       48.7       55.1

  Personal consumption expenditures........       35.7       22.5       41.8       63.0       69.4       26.2       46.4       55.0
    Durable goods..........................      -40.8      -25.6       35.4       39.7       18.8      -18.9        4.0        3.1
    Nondurable goods.......................       40.5       14.6      -26.0        3.3       51.9       -7.4       11.4       35.0
    Services...............................       36.0       33.6       32.3       20.1       -1.3       52.4       30.9       17.0
  Personal interest payments\1\............         .6        -.2        -.3        -.2        1.7        1.7        1.7        -.6
  Personal current transfer payments.......         .6        1.1         .6         .6         .3         .6         .6         .7
    To government..........................         .6         .7         .7         .6         .6         .7         .6         .6
    To the rest of the world (net).........         .0         .4         .0         .0        -.4         .0         .0         .0

Equals: Personal saving....................      268.2       -8.1      -21.9      -18.4      -44.3       -2.4      -11.4      -18.6

Addendum:
  Real disposable personal income, billions
   of chained (2000) dollars\2\............      196.4       -4.8       53.2       40.5      -14.3       18.0        1.9       -7.1
-----------------------------------------------------------------------------------------------------------------------------------
p Preliminary
r Revised.  Revisions include changes to series affected by the introduction
   of revised wage and salary estimates for the fourth quarter of 2005.
1. Consists of nonmortgage interest paid by households.
2. Equals disposable personal income 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]
-----------------------------------------------------------------------------------------------------------------------------------
                                                  2004    2005\r\      IV 04       I 05      II 05     III 05   IV 05\r\    I 06\r\
-----------------------------------------------------------------------------------------------------------------------------------
Personal income............................      544.2      524.4      295.6       48.6      112.3       64.7      190.7      152.6

  Compensation of employees, received......      366.5      425.5      171.6      105.9       58.5      117.4       35.3      116.6

    Wage and salary disbursements..........      278.3      322.9      140.9       67.0       42.4       90.0       22.3       82.8
      Private industries...................      242.2      290.7      133.7       55.2       36.9       82.3       15.0       73.9
        Goods-producing industries.........       42.7       67.5       20.7       16.2        8.0       22.8        3.0        9.1
          Manufacturing....................       19.0       32.3       11.7        7.5         .2        9.2        -.2        1.8
        Services-producing industries......      199.5      223.2      113.1       38.9       29.1       59.5       11.9       64.9
          Trade, transportation, and
           utilities.......................       41.1       54.2       24.8        6.7       13.3       11.7        1.0       11.6
          Other services-producing
           industries......................      158.4      169.1       88.3       32.2       15.8       47.7       11.0       53.2
      Government...........................       36.2       32.1        7.2       11.8        5.5        7.7        7.3        8.9

    Supplements to wages and salaries......       88.1      102.7       30.6       38.9       16.1       27.4       13.0       33.8
      Employer contributions for employee
       pension and insurance funds.........       65.5       79.5       21.7       30.4       14.4       22.4       12.1       24.0
      Employer contributions for government
       social insurance....................       22.7       23.1        9.0        8.5        1.6        5.0         .9        9.7

  Proprietors' income with inventory
   valuation and capital consumption
   adjustments.............................       79.4       49.1       11.8       17.0       18.7       -4.2       35.3       10.2
    Farm...................................        8.1      -15.0       -5.1         .1       -5.1       -1.6        3.0       -5.9
    Nonfarm................................       71.4       64.0       16.9       16.9       23.9       -2.8       32.4       16.1

  Rental income of persons with capital
   consumption adjustment..................        2.5      -61.3        6.6      -10.7      -13.6     -115.5       91.4      -11.2

  Personal income receipts on assets.......       57.8       60.9      115.4      -85.7       31.9       29.1       44.0       22.9
    Personal interest income...............      -11.7       39.8        2.7        8.0       20.6       15.2       28.9        9.5
    Personal dividend income...............       69.5       21.1      112.7      -93.7       11.3       13.8       15.3       13.3

  Personal current transfer receipts.......       83.5       97.8        7.7       39.6       20.8       48.5      -13.4       37.7
    Government social benefits to persons..       81.0       89.2       22.4       40.2       20.7        2.8       28.3       41.6
      Old-age, survivors, disability, and
       health insurance benefits...........       50.0       55.4       11.8       22.5       14.2        7.9        8.5       60.6
      Government unemployment insurance
       benefits............................      -16.8       -7.1        -.9       -3.0       -1.4         .5        1.2       -3.2
      Other................................       47.8       40.9       11.4       20.7        8.0       -5.6       18.7      -16.0
    Other current transfer receipts, from
     business (net)........................        2.5        8.6      -14.6        -.7         .1       45.6      -41.7       -3.8

  Less: Contributions for government social
   insurance...............................       45.6       47.5       17.6       17.5        3.9       10.5        2.0       23.6

Less: Personal current taxes...............       49.2      158.6       35.9       77.1       34.6       14.4       12.7       59.0

Equals: Disposable personal income.........      495.0      365.7      259.5      -28.4       77.7       50.3      178.0       93.6

Less: Personal outlays.....................      516.2      559.6      158.7      129.6      146.6      172.7       84.6      162.9

  Personal consumption expenditures........      504.4      531.4      152.9      119.7      141.2      167.0       82.2      158.2
    Durable goods..........................       37.7       38.7       14.8        8.7       18.2       15.4      -48.8       45.8
    Nondurable goods.......................      179.3      196.1       58.7       39.5       57.1       71.2       37.6       44.2
    Services...............................      287.4      296.7       79.4       71.4       66.0       80.5       93.3       68.1
  Personal interest payments\1\............        3.5       19.2        5.9        1.9        7.2        4.8         .1        3.2
  Personal current transfer payments.......        8.2        8.9        -.1        8.1       -2.0        1.1        2.2        1.5
    To government..........................        6.5        6.2        1.6        1.5        1.4        1.5        1.9        1.9
    To the rest of the world (net).........        1.7        2.7       -1.7        6.6       -3.4        -.5         .4        -.4

Equals: Personal saving....................      -21.0     -193.9      100.8     -158.0      -68.9     -122.4       93.4      -69.3

Addendum:
  Real disposable personal income, billions
   of chained (2000) dollars\2\............      262.5      107.9      175.9      -71.1        4.5      -28.4      101.4       43.0
-----------------------------------------------------------------------------------------------------------------------------------
r Revised.  Revisions include changes to series affected by the introduction
   of revised wage and salary estimates for the fourth quarter of 2005.
1. Consists of nonmortgage interest paid by households.
2. Equals disposable personal income 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]
-----------------------------------------------------------------------------------------------------------------------------------
                                                Sep 05  Oct 05\r\  Nov 05\r\  Dec 05\r\  Jan 06\r\  Feb 06\r\  Mar 06\r\  Apr 06\p\
-----------------------------------------------------------------------------------------------------------------------------------
                                           ----------------------------------------------------------------------------------------
                                                                       Based on current-dollar measures
                                           ----------------------------------------------------------------------------------------
Personal income............................        3.1         .2         .2         .5         .7         .4         .5         .5
  Compensation of employees, received......         .6        -.1         .0         .4         .8         .5         .5         .8
    Wage and salary disbursements..........         .6        -.1        -.1         .4         .7         .5         .5         .9
    Supplements to wages and salaries......         .7         .1         .1         .3        1.5         .6         .7         .6
  Proprietors' income with inventory
   valuation and capital consumption
   adjustments.............................        7.5         .3         .7         .6         .3        -.1         .6         .2
  Rental income of persons with capital
   consumption adjustment..................      .....       -5.1        4.3       -4.7       -8.6       -3.6       -5.5      -10.8
  Personal income receipts on assets.......         .5        1.2        1.2        1.2         .2         .1         .2         .7
    Personal interest income...............         .3        1.3        1.3        1.3        -.2        -.2        -.2         .6
    Personal dividend income...............         .9        1.0        1.0        1.0         .8         .7         .8         .8
  Personal current transfer receipts.......       -6.1         .6        -.2         .4        1.9         .3         .5         .0

  Less: Contributions for government social
   insurance...............................         .4        -.1        -.1         .3        2.0         .5         .4         .8

Less: Personal current taxes...............         .5         .4         .2         .6        3.5         .9         .9        1.6

Equals: Disposable personal income.........        3.4         .2         .2         .5         .3         .3         .4         .4

Addenda:
  Personal consumption expenditures........         .4         .3         .5         .7         .8         .3         .5         .6
    Durable goods..........................       -4.0       -2.6        3.7        4.0        1.8       -1.8         .4         .3
    Nondurable goods.......................        1.6         .6       -1.0         .1        2.0        -.3         .4        1.3
    Services...............................         .7         .6         .6         .4         .0        1.0         .6         .3
                                           ----------------------------------------------------------------------------------------
                                                                   Based on chained (2000) dollar measures
                                           ----------------------------------------------------------------------------------------
  Real disposable personal income..........        2.5        -.1         .7         .5        -.2         .2         .0        -.1
-----------------------------------------------------------------------------------------------------------------------------------
p Preliminary
r Revised.  Revisions include changes to series affected by the introduction
   of revised wage and salary estimates for the fourth quarter of 2005.

             Table 6.--Personal Income and Its Disposition, Percent Change from Preceding Period (Years and Quarters)
                                          [Quarters seasonally adjusted at annual rates]
-----------------------------------------------------------------------------------------------------------------------------------
                                                  2004    2005\r\      IV 04       I 05      II 05     III 05   IV 05\r\    I 06\r\
-----------------------------------------------------------------------------------------------------------------------------------
                                           ----------------------------------------------------------------------------------------
                                                                       Based on current-dollar measures
                                           ----------------------------------------------------------------------------------------
Personal income............................        5.9        5.4       12.7        2.0        4.5        2.6        7.6        6.0
  Compensation of employees, received......        5.8        6.4       10.6        6.3        3.4        6.8        2.0        6.6
    Wage and salary disbursements..........        5.4        6.0       10.8        4.9        3.0        6.5        1.6        5.9
    Supplements to wages and salaries......        7.3        7.9        9.8       12.2        4.8        8.1        3.7        9.8
  Proprietors' income with inventory
   valuation and capital consumption
   adjustments.............................        9.8        5.5        5.4        7.8        8.4       -1.8       16.0        4.3
  Rental income of persons with capital
   consumption adjustment..................        1.9      -45.7       23.6      -29.5      -38.6      .....      .....      -45.2
  Personal income receipts on assets.......        4.3        4.4       37.9      -21.0        9.4        8.3       12.6        6.2
    Personal interest income...............       -1.3        4.4        1.2        3.6        9.3        6.7       12.7        3.9
    Personal dividend income...............       16.5        4.3      134.9      -50.2        9.5       11.4       12.3       10.4
  Personal current transfer receipts.......        6.2        6.8        2.2       11.4        5.7       13.5       -3.4       10.1

  Less: Contributions for government social
   insurance...............................        5.9        5.8        8.8        8.5        1.8        4.9         .9       11.2

Less: Personal current taxes...............        4.9       15.1       14.3       31.3       12.4        4.8        4.2       20.6

Equals: Disposable personal income.........        6.1        4.2       12.5       -1.3        3.5        2.3        8.1        4.1

Addenda:
  Personal consumption expenditures........        6.5        6.5        7.6        5.8        6.8        7.9        3.8        7.3
    Durable goods..........................        4.0        3.9        6.1        3.5        7.3        6.1      -17.3       19.6
    Nondurable goods.......................        8.2        8.3       10.3        6.6        9.5       11.7        5.9        6.9
    Services...............................        6.3        6.1        6.7        5.9        5.3        6.5        7.4        5.3
                                           ----------------------------------------------------------------------------------------
                                                                   Based on chained (2000) dollar measures
                                           ----------------------------------------------------------------------------------------
  Real disposable personal income..........        3.4        1.3        9.1       -3.4         .2       -1.4        5.1        2.1
-----------------------------------------------------------------------------------------------------------------------------------
r Revised.  Revisions include changes to series affected by the introduction
   of revised wage and salary estimates for the fourth quarter of 2005.

                        Table 7.--Real Personal Consumption Expenditures by Major Type of Product (Months)
-----------------------------------------------------------------------------------------------------------------------------------
                                                Sep 05     Oct 05     Nov 05     Dec 05  Jan 06\r\  Feb 06\r\  Mar 06\r\  Apr 06\p\
-----------------------------------------------------------------------------------------------------------------------------------
                                           ----------------------------------------------------------------------------------------
                                                                     Billions of chained (2000) dollars,
                                                                     seasonally adjusted at annual rates
                                           ----------------------------------------------------------------------------------------
Personal consumption expenditures..........    7,856.9    7,859.1    7,930.2    7,986.8    8,011.0    8,029.2    8,039.9    8,049.9
  Durable goods............................    1,103.6    1,074.9    1,116.4    1,161.9    1,182.1    1,162.4    1,168.7    1,171.9
  Nondurable goods.........................    2,296.7    2,316.7    2,338.8    2,347.2    2,370.8    2,368.5    2,361.6    2,365.7
  Services.................................    4,464.5    4,468.7    4,483.8    4,495.1    4,480.6    4,514.9    4,527.1    4,530.2
                                           ----------------------------------------------------------------------------------------
                                                     Change from preceding period in billions of chained (2000) dollars,
                                                                     seasonally adjusted at annual rates
                                           ----------------------------------------------------------------------------------------
Personal consumption expenditures..........      -42.3        2.2       71.1       56.6       24.2       18.2       10.7       10.0
  Durable goods............................      -46.2      -28.7       41.5       45.5       20.2      -19.7        6.3        3.2
  Nondurable goods.........................      -17.8       20.0       22.1        8.4       23.6       -2.3       -6.9        4.1
  Services.................................       12.3        4.2       15.1       11.3      -14.5       34.3       12.2        3.1
                                           ----------------------------------------------------------------------------------------
                                                       Percent change from preceding period in chained (2000) dollars,
                                                                     seasonally adjusted at monthly rates
                                           ----------------------------------------------------------------------------------------
Personal consumption expenditures..........        -.5         .0         .9         .7         .3         .2         .1         .1
  Durable goods............................       -4.0       -2.6        3.9        4.1        1.7       -1.7         .5         .3
  Nondurable goods.........................        -.8         .9        1.0         .4        1.0        -.1        -.3         .2
  Services.................................         .3         .1         .3         .3        -.3         .8         .3         .1
-----------------------------------------------------------------------------------------------------------------------------------
p Preliminary
r Revised

                  Table 8.--Real Personal Consumption Expenditures by Major Type of Product (Years and Quarters)
                                          [Quarters seasonally adjusted at annual rates]
-----------------------------------------------------------------------------------------------------------------------------------
                                                  2004       2005      IV 04       I 05      II 05     III 05      IV 05    I 06\r\
-----------------------------------------------------------------------------------------------------------------------------------
                                           ----------------------------------------------------------------------------------------
                                                                      Billions of chained (2000) dollars
                                           ----------------------------------------------------------------------------------------
Personal consumption expenditures..........    7,588.6    7,856.9    7,698.8    7,764.9    7,829.5    7,907.9    7,925.4    8,026.7
  Durable goods............................    1,089.9    1,138.4    1,115.1    1,122.3    1,143.9    1,169.7    1,117.7    1,171.1
  Nondurable goods.........................    2,200.4    2,297.9    2,236.5    2,265.6    2,285.9    2,305.8    2,334.2    2,367.0
  Services.................................    4,310.9    4,436.4    4,362.1    4,392.0    4,417.6    4,453.5    4,482.6    4,507.6
                                           ----------------------------------------------------------------------------------------
                                                                       Change from preceding period in
                                                                      billions of chained (2000) dollars
                                           ----------------------------------------------------------------------------------------
Personal consumption expenditures..........      282.0      268.3       81.3       66.1       64.6       78.4       17.5      101.3
  Durable goods............................       61.4       48.5       14.7        7.2       21.6       25.8      -52.0       53.4
  Nondurable goods.........................       98.6       97.5       29.6       29.1       20.3       19.9       28.4       32.8
  Services.................................      127.0      125.5       38.1       29.9       25.6       35.9       29.1       25.0
                                           ----------------------------------------------------------------------------------------
                                                                     Percent change from preceding period
                                                                          in chained (2000) dollars
                                           ----------------------------------------------------------------------------------------
Personal consumption expenditures..........        3.9        3.5        4.3        3.5        3.4        4.1         .9        5.2
  Durable goods............................        6.0        4.5        5.5        2.6        7.9        9.3      -16.6       20.5
  Nondurable goods.........................        4.7        4.4        5.5        5.3        3.6        3.5        5.0        5.7
  Services.................................        3.0        2.9        3.6        2.8        2.3        3.3        2.6        2.2
-----------------------------------------------------------------------------------------------------------------------------------
r Revised

      Table 9.--Price Indexes for Personal Consumption Expenditures: Level and Percent Change From Preceding Period (Months)
-----------------------------------------------------------------------------------------------------------------------------------
                                                Sep 05     Oct 05     Nov 05     Dec 05  Jan 06\r\  Feb 06\r\  Mar 06\r\  Apr 06\p\
-----------------------------------------------------------------------------------------------------------------------------------
                                           ----------------------------------------------------------------------------------------
                                                                     Chain-type price indexes (2000=100),
                                                                             seasonally adjusted
                                           ----------------------------------------------------------------------------------------
Personal consumption expenditures (PCE)....    112.707    112.964    112.477    112.470    112.997    113.068    113.493    114.037
  Durable goods............................     89.795     89.804     89.637     89.537     89.609     89.496     89.362     89.381
  Nondurable goods.........................    115.138    114.769    112.574    112.310    113.384    113.184    113.996    115.279
  Services.................................    116.929    117.568    117.892    118.042    118.396    118.658    119.023    119.315
Addenda:
  PCE excluding food and energy............    109.658    109.936    110.101    110.249    110.409    110.571    110.942    111.219
  Market-based PCE\1\......................    111.834    112.034    111.430    111.394    111.933    111.954    112.375    112.923
  Market-based PCE excluding food
   and energy\1\...........................    107.946    108.156    108.304    108.447    108.549    108.667    109.019    109.249
                                           ----------------------------------------------------------------------------------------
                                                            Percent change from preceding period in price indexes,
                                                                     seasonally adjusted at monthly rates
                                           ----------------------------------------------------------------------------------------
PCE........................................         .9         .2        -.4         .0         .5         .1         .4         .5
  Durable goods............................         .1         .0        -.2        -.1         .1        -.1        -.1         .0
  Nondurable goods.........................        2.3        -.3       -1.9        -.2        1.0        -.2         .7        1.1
  Services.................................         .4         .5         .3         .1         .3         .2         .3         .2
Addenda:
  PCE excluding food and energy............         .2         .3         .2         .1         .1         .1         .3         .2
  Market-based PCE\1\......................        1.0         .2        -.5         .0         .5         .0         .4         .5
  Market-based PCE excluding food
   and energy\1\...........................         .1         .2         .1         .1         .1         .1         .3         .2
-----------------------------------------------------------------------------------------------------------------------------------
p Preliminary
r Revised
1. 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, the services furnished
   without payment by financial intermediaries) and the expenses of
   nonprofit institutions.

   Table 10.--Real Disposable Personal Income and Real Personal Consumption Expenditures: Percent Change From Month One Year Ago
-----------------------------------------------------------------------------------------------------------------------------------
                                                Sep 05  Oct 05\r\  Nov 05\r\  Dec 05\r\  Jan 06\r\  Feb 06\r\  Mar 06\r\  Apr 06\p\
-----------------------------------------------------------------------------------------------------------------------------------
Disposable personal income.................        1.6        1.0        1.3       -2.1        1.5        1.5        1.5        1.7

Personal consumption expenditures..........        2.9        2.5        3.2        3.2        3.5        3.3        3.3        3.1
  Durable goods............................         .7       -2.3         .9        2.1        6.9        3.5        2.7        1.4
  Nondurable goods.........................        3.3        3.6        4.8        4.8        4.7        4.0        4.7        4.1
  Services.................................        3.0        2.8        2.8        2.7        2.3        2.8        2.8        3.0
-----------------------------------------------------------------------------------------------------------------------------------
p Preliminary
r Revised.  Revisions include changes to series affected by the introduction
   of revised wage and salary estimates for the fourth quarter of 2005.

              Table 11.--Price Indexes for Personal Consumption Expenditures: Percent Change From Month One Year Ago
-----------------------------------------------------------------------------------------------------------------------------------
                                                Sep 05     Oct 05     Nov 05     Dec 05  Jan 06\r\  Feb 06\r\  Mar 06\r\  Apr 06\p\
-----------------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures (PCE)....        3.8        3.5        2.8        2.8        3.1        2.9        2.9        2.9
  Durable goods............................        -.5        -.7        -.9       -1.1       -1.2       -1.2       -1.3       -1.2
  Nondurable goods.........................        6.8        5.2        3.1        3.3        4.3        3.7        3.4        3.6
  Services.................................        3.2        3.5        3.4        3.3        3.4        3.3        3.4        3.4
Addenda:
  PCE excluding food and energy............        2.0        2.0        1.9        2.0        1.8        1.8        2.0        2.1
  Market-based PCE\1\......................        3.8        3.5        2.7        2.7        3.1        2.8        2.8        2.8
  Market-based PCE excluding food
   and energy\1\...........................        1.7        1.7        1.6        1.7        1.5        1.5        1.6        1.8
-----------------------------------------------------------------------------------------------------------------------------------
p Preliminary
r Revised
1. 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, the services furnished
   without payment by financial intermediaries) and the expenses of
   nonprofit institutions.