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James E. Rankin: (202) 606-5301 (Personal Income) BEA 01-24 Greg Key: 606-5302 (Personal Outlays) Recorded message: 606-5303
Kurt Kunze: 606-9748 (Annual Revision)
PERSONAL INCOME AND OUTLAYS: JUNE 2001
REVISED ESTIMATES: 1998-MAY 2001
Personal income increased $27.6 billion, or 0.3 percent, and disposable personal income (DPI)
increased $21.0 billion, or 0.3 percent, in June, according to the Bureau of Economic Analysis.
Personal consumption expenditures (PCE) increased $25.7 billion, or 0.4 percent. In May, personal
income increased $16.7 billion, or 0.2 percent, DPI increased $16.6 billion, or 0.2 percent, and PCE
increased $20.4 billion, or 0.3 percent, based on revised estimates.
2001
Feb. Mar. Apr. May June
(Percent change from preceding month)
Personal income, current dollars 0.4 0.4 0.3 0.2 0.3
Disposable personal income:
Current dollars .4 .4 .4 .2 .3
Chained (1996) dollars .2 .5 .1 .1 .1
Personal consumption expenditures:
Current dollars .3 .2 .4 .3 .4
Chained (1996) dollars .0 .3 .2 .2 .2
The estimates released today reflect revisions in the national income and product accounts
beginning with January 1998. Revisions are usually made each July to incorporate source data that are
more complete, more detailed, and otherwise more appropriate than previously available. This release
includes revised monthly personal income, disposable personal income, and outlays and provides an
overview of the effects of the revision. The August 2001 Survey of Current Business will contain
national income and product accounts tables and an article describing the revisions. The revised
estimates will be available from BEA's Web site and from STAT-USA's Web site (see page 6).
Wages and salaries
Private wage and salary disbursements increased $17.0 billion in June, in contrast to a decrease
of $2.7 billion in May. Goods-producing industries' payrolls decreased $1.0 billion, compared with
a decrease of $3.8 billion; manufacturing payrolls decreased $2.4 billion, compared with a decrease
of $8.0 billion. Distributive industries' payrolls increased $5.5 billion, in contrast to a decrease of
$1.1 billion. Service industries' payrolls increased $12.4 billion, compared with an increase of $2.2
billion. Government wage and salary disbursements increased $3.1 billion, compared with an
increase of $2.8 billion.
Other personal income
Proprietors' income increased $5.0 billion in June, compared with an increase of $6.6 billion in
May. Farm proprietors' income decreased $0.8 billion, in contrast to an increase of $0.5 billion.
Nonfarm proprietors' income increased $5.8 billion, compared with an increase of $6.1 billion.
Transfer payments increased $1.1 billion in June, compared with an increase of $6.0 billion in
May. Personal interest income decreased $1.7 billion in June, the same decrease as in May.
Personal dividend income increased $2.4 billion in June, compared with an increase of $2.3 billion
in May. Rental income of persons increased $0.6 billion, compared with an increase of $2.4 billion.
In June, rental income of persons was reduced $2.0 billion at an annual rate to reflect uninsured
losses to nonfarm residential property caused by Tropical Storm Allison.
Personal contributions for social insurance -- a subtraction in calculating personal income --
increased $0.9 billion in June, in contrast to a decrease of $0.5 billion in May.
Personal taxes and disposable personal income
Personal tax and nontax payments increased $6.5 billion in June, compared with an increase of
$0.3 billion in May. Disposable personal income (DPI) -- personal income less personal tax and
nontax payments -- increased $21.0 billion, or 0.3 percent, in June, compared with an increase of
$16.6 billion, or 0.2 percent, in May.
Personal outlays and personal saving
Personal outlays -- PCE, interest paid by persons, and personal transfer payments to the rest of
the world (net) -- increased $26.6 billion in June, compared with an increase of $21.3 billion in May.
PCE increased $25.7 billion, compared with an increase of $20.4 billion.
Personal saving -- DPI less personal outlays -- was $82.2 billion in June, compared with $87.8
billion in May. Personal saving as a percentage of disposable personal income was 1.1 percent in
June, compared with 1.2 percent in May.
Real DPI and real PCE
Real DPI -- DPI adjusted to remove price changes -- increased 0.1 percent in June, the same
increase as in May.
Real PCE -- PCE adjusted to remove price changes -- increased 0.2 percent in June, the same
increase as in May. Purchases of durable goods increased 1.6 percent in June, compared with an
increase of 0.2 percent in May. Purchases of motor vehicles and parts accounted for most of the
increase in June. Purchases of nondurable goods decreased 0.2 percent in June, in contrast to an
increase of 0.3 percent in May. Purchases of services increased 0.1 percent in June, the same
increase as in May.
Revision of the National Income and Product Account Estimates
Personal income, personal outlays, DPI, and personal saving as a percentage of DPI are revised
beginning with January 1998 to reflect the results of the annual revision to the national income and
product accounts (NIPA's) released last week. The NIPA's usually are revised each July to
incorporate newly available and more comprehensive source data, as well as improved estimating
methodologies.
Revisions to the estimates of personal income and outlays for 1998 forward are shown in
table 6. Revised and previously published estimates of personal income, DPI, PCE, and personal
saving as a percentage of DPI are shown in table 7. Revised and previously published estimates of
real DPI, real PCE, and the PCE implicit price deflator are shown in table 8.
Personal income was revised up $35.0 billion for 1998, was revised down $12.3 billion for
1999, and was revised up $37.5 billion for 2000. For 1998, a large upward revision to personal
interest income and a smaller upward revision to other labor income accounted for most of the
increase. For 1999, downward revisions to personal dividend income and to personal interest
income were partly offset by upward revisions to other labor income, to proprietors' income, and to
rental income of persons. For 2000, upward revisions to wage and salary disbursements, to other
labor income, and to proprietors' income were partly offset by downward revisions to personal
interest income and to personal dividend income. The large upward revision to wage and salary
disbursements for 2000 reflected the incorporation of newly available BLS tabulations of wages and
salaries of employees covered by state unemployment insurance. Revisions to farm proprietors'
income and rental income of persons reflect a change in methodology for the treatment of irregular
payments. Emergency agricultural subsidies are smoothed across the months of the year (rather than
recorded in the month when paid), reflecting the accrual of these payments
over time. Previously, emergency agricultural subsidies were recorded on a
disbursements basis, a treatment generally reserved in the NIPA's for one-time
or unusual transactions.
Personal tax and nontax payments was revised down $0.5 billion for 1998, was revised up $7.2
billion for 1999, and was revised down $3.7 billion for 2000. DPI was revised up $35.6 billion for
1998, was revised down $19.7 billion for 1999, and was revised up $41.2 billion for 2000. The
percent change from the preceding year in real DPI was revised up from 4.8 percent to 5.4 percent
for 1998, was revised down from 3.2 percent to 2.5 percent for 1999, and was revised up from 2.8
percent to 3.5 percent for 2000.
Personal outlays was revised down $0.6 billion for 1998, was revised down $32.9 billion for
1999, and was revised down $35.0 billion for 2000. For 1998, a downward revision to interest paid
by persons was mostly offset by an upward revision to PCE. For 1999, the revision reflected
downward revisions to PCE and to interest paid by persons. For 2000, the revision reflected a large
downward revision to PCE and a smaller downward revision to interest paid by persons.
Personal saving as a percentage of DPI was revised up from 4.2 percent to 4.7 percent for 1998,
was revised up from 2.2 percent to 2.4 percent for 1999, and was revised up from -0.1 percent to 1.0
percent for 2000.
BEA's major national, international, regional, and industry estimates; the Survey of Current
Business; and BEA news releases are available without charge on BEA's Web site:
<www.bea.doc.gov>
STAT-USA maintains an Internet site that contains BEA estimates, the Survey of Current
Business, and BEA news releases. For information about STAT-USA, go to <www.stat-usa.gov>,
or call (202) 482-1986. Subscriptions for single-user unlimited access to STAT-USA's Internet
information are $75.00 for 3 months or $175.00 for 1 year.
Summary BEA estimates are available on recorded messages at the time of public release at the
following telephone numbers:
(202) 606-5306 Gross domestic product
606-5303 Personal income and outlays
606-5362 U.S. international transactions
Most of BEA's estimates and analyses appear in the Survey of Current Business, BEA's
monthly journal. Subscriptions and single copies of the printed Survey are for sale by the
Superintendent of Documents, U.S. Government Printing Office. Internet: <bookstore.gpo.gov>;
phone: 202-512-1800; fax: 202-512-2250; mail: Stop SSOP, Washington, DC 20402-0001.
* * *
Next release -- Personal Income and Outlays for July will be released on
August 30, 2001, at 8:30 A.M. EDT.
>
Table 1.-Personal Income
[Billions of dollars; months seasonally adjusted at annual rates]
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1996 1997 1998 Jan 98 Feb 98 Mar 98 Apr 98 May 98 Jun 98 Jul 98 Aug 98 Sep 98 Oct 98 Nov 98 Dec 98
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Personal income................... 6,547.4 6,937.0 7,426.0 7,199.8 7,256.2 7,308.4 7,340.8 7,385.7 7,421.9 7,456.7 7,497.0 7,518.3 7,548.7 7,581.5 7,597.2
Wage and salary disbursements... 3,626.5 3,888.9 4,192.8 4,061.0 4,087.7 4,108.7 4,130.4 4,161.3 4,177.8 4,198.1 4,236.2 4,250.8 4,274.7 4,305.3 4,321.5
Private industries............ 2,985.5 3,224.7 3,500.1 3,382.2 3,406.5 3,426.0 3,444.9 3,472.4 3,486.4 3,505.0 3,539.0 3,550.9 3,572.3 3,600.7 3,615.0
Goods-producing industries.. 908.2 975.1 1,038.5 1,017.3 1,021.6 1,025.0 1,029.0 1,034.3 1,034.9 1,032.3 1,045.5 1,049.8 1,052.9 1,056.5 1,062.6
Manufacturing............. 673.7 718.4 756.6 746.5 749.2 752.6 753.1 756.4 755.2 749.4 759.7 763.8 763.1 763.9 765.7
Distributive industries..... 822.4 879.6 948.9 919.0 926.0 928.0 932.1 941.3 943.8 951.0 959.4 963.0 967.3 977.5 978.7
Service industries.......... 1,254.9 1,369.9 1,512.7 1,445.9 1,458.9 1,472.9 1,483.9 1,496.8 1,507.6 1,521.7 1,534.1 1,538.0 1,552.1 1,566.6 1,573.7
Government.................... 641.0 664.3 692.7 678.8 681.2 682.7 685.5 689.0 691.5 693.1 697.3 699.9 702.4 704.7 706.6
Other labor income.............. 490.0 475.4 490.6 481.6 483.5 484.7 486.7 488.2 489.9 491.5 493.1 494.9 496.2 497.7 499.3
Proprietors' income with
inventory valuation and capital
consumption adjustments........ 544.7 581.2 623.8 602.8 605.6 612.3 613.7 615.9 623.2 627.7 625.5 627.8 638.4 643.3 649.6
Farm.......................... 34.3 29.7 25.6 25.7 23.6 22.9 24.2 25.0 25.7 25.0 25.4 26.0 27.6 28.0 28.2
Nonfarm....................... 510.5 551.5 598.2 577.1 582.1 589.4 589.5 590.9 597.5 602.8 600.1 601.9 610.8 615.2 621.4
Rental income of persons with
capital consumption adjustment. 129.7 128.3 138.6 126.2 127.4 129.4 133.4 136.2 138.9 142.4 144.4 145.8 145.8 146.6 147.2
Personal dividend income........ 297.4 334.9 348.3 347.7 349.2 350.2 350.4 350.2 349.7 348.7 347.8 347.3 347.1 346.4 345.5
Personal interest income........ 810.6 864.0 964.4 918.1 934.1 948.2 958.9 968.2 975.3 981.1 983.5 983.3 980.5 975.4 966.8
Transfer payments to persons.... 928.8 962.2 983.7 971.3 979.2 986.6 980.2 980.4 982.5 983.8 985.2 987.9 986.9 989.6 990.9
Old-age, survivors, disability,
and health insurance benefits 537.6 565.8 578.1 575.8 577.5 579.3 577.8 578.1 577.9 578.9 578.6 580.0 577.7 577.6 578.2
Government unemployment
insurance benefits........... 22.1 19.9 19.5 18.8 19.1 19.5 18.9 18.7 19.3 19.9 20.4 19.7 19.0 20.4 20.0
Other....................... 369.1 376.5 386.1 376.7 382.7 387.7 383.4 383.6 385.3 385.0 386.2 388.2 390.2 391.6 392.8
Less: Personal contributions for
social insurance............... 280.4 297.9 316.3 308.9 310.5 311.7 312.8 314.5 315.4 316.6 318.8 319.6 320.8 322.7 323.7
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
p Preliminary.
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
>
Table 1.-Personal Income
[Billions of dollars; months seasonally adjusted at annual rates]
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1997 1998 1999 Jan 99 Feb 99 Mar 99 Apr 99 May 99 Jun 99 Jul 99 Aug 99 Sep 99 Oct 99 Nov 99 Dec 99
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Personal income................... 6,937.0 7,426.0 7,777.3 7,612.6 7,631.9 7,649.7 7,683.8 7,717.6 7,757.5 7,789.2 7,831.1 7,835.8 7,898.9 7,934.6 7,984.4
Wage and salary disbursements... 3,888.9 4,192.8 4,472.2 4,335.8 4,362.2 4,374.7 4,402.0 4,430.7 4,453.5 4,487.2 4,513.4 4,535.0 4,565.8 4,586.2 4,620.1
Private industries............ 3,224.7 3,500.1 3,747.9 3,626.1 3,649.4 3,659.7 3,685.6 3,712.0 3,731.9 3,762.5 3,784.7 3,803.5 3,831.5 3,848.8 3,879.6
Goods-producing industries.. 975.1 1,038.5 1,088.7 1,059.3 1,065.2 1,067.6 1,073.8 1,080.9 1,085.9 1,094.3 1,095.7 1,104.7 1,107.5 1,111.8 1,117.5
Manufacturing............. 718.4 756.6 782.0 764.5 766.9 769.4 772.0 777.1 779.8 786.2 787.3 793.2 793.5 795.2 799.1
Distributive industries..... 879.6 948.9 1,021.0 985.9 996.8 998.2 1,006.2 1,011.9 1,017.5 1,025.0 1,032.4 1,033.2 1,042.2 1,045.8 1,057.2
Service industries.......... 1,369.9 1,512.7 1,638.2 1,580.8 1,587.4 1,593.9 1,605.6 1,619.3 1,628.6 1,643.2 1,656.6 1,665.6 1,681.7 1,691.3 1,705.0
Government.................... 664.3 692.7 724.3 709.8 712.8 715.1 716.4 718.7 721.6 724.6 728.7 731.5 734.3 737.3 740.4
Other labor income.............. 475.4 490.6 509.7 501.3 502.9 504.6 505.9 507.5 509.0 510.5 512.0 513.5 515.1 516.6 518.0
Proprietors' income with
inventory valuation and capital
consumption adjustments........ 581.2 623.8 672.0 650.4 651.7 657.1 664.5 663.8 675.6 675.2 682.4 673.9 682.7 691.1 695.4
Farm.......................... 29.7 25.6 26.6 27.5 27.4 27.3 27.8 27.6 27.1 26.0 25.6 24.0 26.0 26.2 26.4
Nonfarm....................... 551.5 598.2 645.4 622.9 624.4 629.8 636.7 636.2 648.5 649.2 656.8 649.9 656.7 664.9 669.0
Rental income of persons with
capital consumption adjustment. 128.3 138.6 147.7 147.8 148.3 148.7 148.9 149.1 149.2 149.1 149.2 134.9 149.2 149.4 148.5
Personal dividend income........ 334.9 348.3 343.1 344.0 341.8 340.3 339.5 339.2 339.4 340.2 341.7 343.6 346.0 349.0 352.6
Personal interest income........ 864.0 964.4 950.0 956.7 948.1 942.0 943.1 945.1 947.7 946.8 947.5 949.1 952.9 957.6 963.7
Transfer payments to persons.... 962.2 983.7 1,019.6 1,005.4 1,007.3 1,013.6 1,012.9 1,017.1 1,019.3 1,018.3 1,024.6 1,026.6 1,029.8 1,028.3 1,031.6
Old-age, survivors, disability,
and health insurance benefits 565.8 578.1 588.0 584.1 584.5 586.3 587.0 587.1 587.4 587.7 589.1 589.8 591.7 589.2 592.2
Government unemployment
insurance benefits........... 19.9 19.5 20.3 20.4 20.2 20.7 19.5 21.4 20.9 19.1 20.9 20.2 20.6 20.4 19.4
Other....................... 376.5 386.1 411.2 400.9 402.6 406.5 406.3 408.6 411.0 411.6 414.6 416.6 417.5 418.7 420.0
Less: Personal contributions for
social insurance............... 297.9 316.3 337.1 328.8 330.6 331.3 333.0 334.8 336.2 338.2 339.7 340.8 342.7 343.6 345.5
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
p Preliminary.
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
>
Table 1.-Personal Income
[Billions of dollars; months seasonally adjusted at annual rates]
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1998 1999 2000 Jan 00 Feb 00 Mar 00 Apr 00 May 00 Jun 00 Jul 00 Aug 00 Sep 00 Oct 00 Nov 00 Dec 00
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Personal income................... 7,426.0 7,777.3 8,319.2 8,053.6 8,097.3 8,162.3 8,223.1 8,272.2 8,317.9 8,344.2 8,377.4 8,423.0 8,478.7 8,513.5 8,566.7
Wage and salary disbursements... 4,192.8 4,472.2 4,837.2 4,675.0 4,696.5 4,734.0 4,779.1 4,787.0 4,827.7 4,858.4 4,866.4 4,902.6 4,946.1 4,974.0 4,999.4
Private industries............ 3,500.1 3,747.9 4,068.8 3,922.4 3,941.0 3,973.2 4,015.0 4,015.6 4,058.4 4,086.5 4,094.2 4,128.9 4,170.4 4,197.2 4,222.2
Goods-producing industries.. 1,038.5 1,088.7 1,163.7 1,126.9 1,132.4 1,143.0 1,150.5 1,146.6 1,158.5 1,170.1 1,172.0 1,177.5 1,189.9 1,197.9 1,198.6
Manufacturing............. 756.6 782.0 830.1 804.2 808.4 812.4 820.7 817.6 827.7 837.1 836.6 840.2 849.3 853.9 853.3
Distributive industries..... 948.9 1,021.0 1,095.6 1,065.2 1,065.6 1,073.2 1,085.2 1,081.1 1,092.0 1,100.6 1,097.0 1,109.5 1,120.1 1,124.7 1,133.0
Service industries.......... 1,512.7 1,638.2 1,809.5 1,730.3 1,743.0 1,757.0 1,779.3 1,787.9 1,807.9 1,815.8 1,825.2 1,841.9 1,860.4 1,874.6 1,890.6
Government.................... 692.7 724.3 768.4 752.6 755.5 760.8 764.2 771.4 769.3 771.9 772.3 773.7 775.7 776.8 777.1
Other labor income.............. 490.6 509.7 534.2 521.5 523.9 525.8 528.1 529.8 532.5 535.4 537.9 540.5 542.9 544.9 547.0
Proprietors' income with
inventory valuation and capital
consumption adjustments........ 623.8 672.0 715.0 688.4 694.4 709.9 710.4 717.6 725.7 713.8 723.7 720.3 721.7 725.4 728.5
Farm.......................... 25.6 26.6 30.6 25.6 26.3 27.7 31.0 32.7 33.7 31.8 31.6 31.5 31.6 31.7 31.9
Nonfarm....................... 598.2 645.4 684.4 662.9 668.0 682.2 679.5 684.9 692.0 682.0 692.1 688.8 690.1 693.7 696.6
Rental income of persons with
capital consumption adjustment. 138.6 147.7 141.6 146.2 144.9 143.6 142.5 141.4 140.3 138.4 138.1 138.5 139.4 141.4 144.4
Personal dividend income........ 348.3 343.1 379.2 356.9 361.2 365.4 369.3 373.2 377.5 381.7 385.9 389.8 393.5 396.7 399.7
Personal interest income........ 964.4 950.0 1,000.6 973.2 980.3 987.2 994.9 1,000.3 1,004.5 1,006.9 1,009.4 1,011.3 1,011.8 1,013.1 1,014.4
Transfer payments to persons.... 983.7 1,019.6 1,069.1 1,042.5 1,047.1 1,049.2 1,054.1 1,078.0 1,066.8 1,068.4 1,074.8 1,080.6 1,086.2 1,082.1 1,098.6
Old-age, survivors, disability,
and health insurance benefits 578.1 588.0 617.3 600.7 603.1 606.0 608.2 629.1 618.4 616.6 620.9 625.2 623.6 622.3 633.5
Government unemployment
insurance benefits........... 19.5 20.3 20.3 20.1 20.3 18.3 19.7 19.9 18.5 20.2 19.6 20.4 22.7 20.9 22.7
Other....................... 386.1 411.2 431.5 421.7 423.7 424.9 426.3 428.9 429.9 431.6 434.3 435.1 440.0 438.9 442.5
Less: Personal contributions for
social insurance............... 316.3 337.1 357.7 350.2 351.0 352.8 355.2 355.1 357.2 358.8 358.8 360.7 362.9 364.2 365.3
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
p Preliminary.
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
>
Table 1.-Personal Income
[Billions of dollars; months seasonally adjusted at annual rates]
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1999 2000 Jan 01 Feb 01 Mar 01 Apr 01 May 01 Jun 01/p/
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Personal income................... 7,777.3 8,319.2 8,604.0 8,640.2 8,676.2 8,701.0 8,717.7 8,745.3
Wage and salary disbursements... 4,472.2 4,837.2 5,022.7 5,051.8 5,073.8 5,092.6 5,092.6 5,112.6
Private industries............ 3,747.9 4,068.8 4,238.4 4,262.3 4,281.1 4,296.5 4,293.8 4,310.8
Goods-producing industries.. 1,088.7 1,163.7 1,202.1 1,206.2 1,210.6 1,208.1 1,204.3 1,203.3
Manufacturing............. 782.0 830.1 852.6 853.5 853.7 856.8 848.8 846.4
Distributive industries..... 1,021.0 1,095.6 1,137.7 1,141.0 1,142.2 1,146.9 1,145.8 1,151.3
Service industries.......... 1,638.2 1,809.5 1,898.6 1,915.0 1,928.3 1,941.6 1,943.8 1,956.2
Government.................... 724.3 768.4 784.3 789.6 792.7 796.0 798.8 801.9
Other labor income.............. 509.7 534.2 548.2 549.3 550.3 551.3 552.0 552.9
Proprietors' income with
inventory valuation and capital
consumption adjustments........ 672.0 715.0 731.7 733.7 740.2 741.1 747.7 752.7
Farm.......................... 26.6 30.6 30.9 30.2 28.4 29.2 29.7 28.9
Nonfarm....................... 645.4 684.4 700.8 703.5 711.8 711.9 718.0 723.8
Rental income of persons with
capital consumption adjustment. 147.7 141.6 141.5 139.6 137.9 139.1 141.5 142.1
Personal dividend income........ 343.1 379.2 402.3 404.8 407.2 409.6 411.9 414.3
Personal interest income........ 950.0 1,000.6 1,012.7 1,010.8 1,009.1 1,007.4 1,005.7 1,004.0
Transfer payments to persons.... 1,019.6 1,069.1 1,115.8 1,122.4 1,131.0 1,133.9 1,139.9 1,141.0
Old-age, survivors, disability,
and health insurance benefits 588.0 617.3 646.4 651.7 656.0 658.7 660.9 661.0
Government unemployment
insurance benefits........... 20.3 20.3 22.7 22.7 22.8 22.9 22.9 23.0
Other....................... 411.2 431.5 446.7 448.0 452.2 452.3 456.1 457.0
Less: Personal contributions for
social insurance............... 337.1 357.7 370.7 372.2 373.2 374.0 373.5 374.4
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
p Preliminary.
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
>
Table 2.-The Disposition of Personal Income
[Billions of dollars; months seasonally adjusted at annual rates]
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1996 1997 1998 Jan 98 Feb 98 Mar 98 Apr 98 May 98 Jun 98 Jul 98 Aug 98 Sep 98 Oct 98 Nov 98 Dec 98
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Personal income................... 6,547.4 6,937.0 7,426.0 7,199.8 7,256.2 7,308.4 7,340.8 7,385.7 7,421.9 7,456.7 7,497.0 7,518.3 7,548.7 7,581.5 7,597.2
Less: Personal tax and nontax
payments......................... 869.7 968.8 1,070.4 1,027.3 1,035.9 1,038.9 1,044.2 1,056.4 1,065.7 1,072.9 1,086.4 1,091.8 1,097.7 1,109.4 1,118.5
Equals: Disposable personal income 5,677.7 5,968.2 6,355.6 6,172.5 6,220.4 6,269.5 6,296.6 6,329.3 6,356.2 6,383.8 6,410.6 6,426.6 6,451.0 6,472.1 6,478.7
Less: Personal outlays............ 5,405.6 5,715.3 6,054.1 5,871.2 5,919.1 5,948.3 5,967.7 6,032.3 6,054.7 6,064.7 6,096.4 6,125.6 6,160.7 6,181.6 6,226.7
Personal consumption expenditure 5,237.5 5,529.3 5,856.0 5,678.7 5,726.5 5,754.6 5,770.4 5,834.3 5,855.2 5,864.5 5,895.9 5,924.9 5,959.2 5,981.0 6,027.1
Interest paid by persons........ 149.9 164.8 173.7 169.6 169.7 170.8 173.0 173.6 175.1 176.0 176.3 176.5 175.7 174.8 173.7
Personal transfer payments to the
rest of the world (net)........ 18.2 21.2 24.3 22.9 22.9 22.9 24.3 24.3 24.3 24.2 24.2 24.2 25.8 25.8 25.8
Equals: Personal saving........... 272.1 252.9 301.5 301.3 301.3 321.2 328.9 297.0 301.5 319.1 314.2 301.0 290.3 290.5 252.1
Addenda:
Disposable personal income:
Chained (1996) dollars\1\..... 5,677.7 5,854.5 6,168.6 6,019.1 6,063.7 6,110.8 6,128.1 6,152.7 6,180.1 6,193.2 6,210.5 6,226.0 6,235.2 6,251.6 6,252.9
Per capita:
Current dollars............. 21,385 22,262 23,491 22,907 23,071 23,238 23,322 23,426 23,507 23,588 23,665 23,703 23,774 23,834 23,841
Chained (1996) dollars...... 21,385 21,838 22,800 22,338 22,490 22,650 22,698 22,772 22,855 22,884 22,927 22,964 22,978 23,022 23,010
Population (thousands) \2\.... 265,504 268,087 270,560 269,458 269,618 269,793 269,982 270,183 270,398 270,636 270,885 271,124 271,350 271,552 271,743
Personal saving as a percentage
of disposable personal income.. 4.8 4.2 4.7 4.9 4.8 5.1 5.2 4.7 4.7 5.0 4.9 4.7 4.5 4.5 3.9
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1. Equals disposable personal income deflated by the implicit price
deflator for personal consumption expenditures.
2. 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 estimate is the average of the monthly estimates.
Prior to January 2001, first-of-the-month estimates are from Census Bureau
surveys and are consistent with the 1990 Census of Population. Beginning with
January 2001, first-of-the-month estimates are derived by BEA based on
extrapolations of the Census Bureau estimates.
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
>
Table 2.-The Disposition of Personal Income
[Billions of dollars; months seasonally adjusted at annual rates]
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1997 1998 1999 Jan 99 Feb 99 Mar 99 Apr 99 May 99 Jun 99 Jul 99 Aug 99 Sep 99 Oct 99 Nov 99 Dec 99
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Personal income................... 6,937.0 7,426.0 7,777.3 7,612.6 7,631.9 7,649.7 7,683.8 7,717.6 7,757.5 7,789.2 7,831.1 7,835.8 7,898.9 7,934.6 7,984.4
Less: Personal tax and nontax
payments......................... 968.8 1,070.4 1,159.2 1,113.2 1,123.6 1,124.4 1,130.1 1,143.1 1,154.8 1,167.0 1,162.2 1,184.9 1,193.1 1,201.1 1,213.3
Equals: Disposable personal income 5,968.2 6,355.6 6,618.0 6,499.4 6,508.3 6,525.3 6,553.7 6,574.5 6,602.7 6,622.2 6,668.9 6,650.9 6,705.8 6,733.5 6,771.2
Less: Personal outlays............ 5,715.3 6,054.1 6,457.2 6,232.5 6,279.9 6,329.6 6,388.0 6,384.3 6,433.0 6,472.0 6,508.9 6,538.8 6,584.5 6,619.8 6,714.7
Personal consumption expenditure 5,529.3 5,856.0 6,250.2 6,033.0 6,080.1 6,129.0 6,184.7 6,179.4 6,227.2 6,265.2 6,300.6 6,329.5 6,372.2 6,404.8 6,497.0
Interest paid by persons........ 164.8 173.7 179.7 173.4 173.7 174.5 176.4 178.0 178.9 179.2 180.7 181.7 184.1 186.8 189.4
Personal transfer payments to the
rest of the world (net)........ 21.2 24.3 27.2 26.1 26.1 26.1 26.9 26.9 26.9 27.6 27.6 27.6 28.2 28.2 28.2
Equals: Personal saving........... 252.9 301.5 160.9 266.9 228.4 195.7 165.7 190.2 169.7 150.2 160.0 112.1 121.3 113.7 56.5
Addenda:
Disposable personal income:
Chained (1996) dollars\1\..... 5,854.5 6,168.6 6,320.0 6,258.2 6,265.7 6,280.9 6,278.0 6,298.7 6,323.3 6,324.4 6,356.2 6,316.7 6,357.9 6,379.2 6,400.6
Per capita:
Current dollars............. 22,262 23,491 24,242 23,902 23,922 23,970 24,058 24,117 24,201 24,251 24,400 24,313 24,493 24,576 24,697
Chained (1996) dollars...... 21,838 22,800 23,150 23,016 23,030 23,072 23,046 23,105 23,176 23,160 23,256 23,091 23,223 23,283 23,345
Population (thousands) \2\.... 268,087 270,560 272,996 271,914 272,065 272,230 272,413 272,613 272,832 273,071 273,318 273,556 273,782 273,984 274,174
Personal saving as a percentage
of disposable personal income.. 4.2 4.7 2.4 4.1 3.5 3.0 2.5 2.9 2.6 2.3 2.4 1.7 1.8 1.7 .8
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1. Equals disposable personal income deflated by the implicit price
deflator for personal consumption expenditures.
2. 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 estimate is the average of the monthly estimates.
Prior to January 2001, first-of-the-month estimates are from Census Bureau
surveys and are consistent with the 1990 Census of Population. Beginning with
January 2001, first-of-the-month estimates are derived by BEA based on
extrapolations of the Census Bureau estimates.
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
>
Table 2.-The Disposition of Personal Income
[Billions of dollars; months seasonally adjusted at annual rates]
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1998 1999 2000 Jan 00 Feb 00 Mar 00 Apr 00 May 00 Jun 00 Jul 00 Aug 00 Sep 00 Oct 00 Nov 00 Dec 00
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Personal income................... 7,426.0 7,777.3 8,319.2 8,053.6 8,097.3 8,162.3 8,223.1 8,272.2 8,317.9 8,344.2 8,377.4 8,423.0 8,478.7 8,513.5 8,566.7
Less: Personal tax and nontax
payments......................... 1,070.4 1,159.2 1,288.2 1,233.2 1,246.4 1,256.3 1,269.6 1,274.2 1,288.3 1,289.3 1,300.7 1,310.7 1,321.8 1,329.9 1,337.8
Equals: Disposable personal income 6,355.6 6,618.0 7,031.0 6,820.4 6,850.9 6,906.0 6,953.5 6,998.0 7,029.6 7,055.0 7,076.7 7,112.3 7,156.9 7,183.6 7,228.9
Less: Personal outlays............ 6,054.1 6,457.2 6,963.3 6,734.0 6,809.2 6,873.7 6,877.4 6,902.7 6,936.7 6,985.3 7,012.7 7,082.6 7,089.9 7,114.2 7,141.3
Personal consumption expenditure 5,856.0 6,250.2 6,728.4 6,512.7 6,585.5 6,647.6 6,649.6 6,672.2 6,702.8 6,745.9 6,770.8 6,839.8 6,846.1 6,869.9 6,898.1
Interest paid by persons........ 173.7 179.7 205.3 193.0 195.4 197.8 198.9 201.5 205.0 209.3 211.8 212.7 212.9 213.5 212.3
Personal transfer payments to the
rest of the world (net)........ 24.3 27.2 29.6 28.4 28.4 28.4 29.0 29.0 29.0 30.1 30.1 30.1 30.8 30.8 30.8
Equals: Personal saving........... 301.5 160.9 67.7 86.4 41.7 32.3 76.1 95.3 92.9 69.7 64.0 29.7 67.0 69.4 87.7
Addenda:
Disposable personal income:
Chained (1996) dollars\1\..... 6,168.6 6,320.0 6,539.2 6,422.7 6,424.9 6,447.5 6,494.0 6,534.7 6,542.5 6,549.7 6,571.0 6,578.7 6,611.3 6,628.8 6,664.7
Per capita:
Current dollars............. 23,491 24,242 25,528 24,860 24,958 25,143 25,299 25,442 25,538 25,608 25,665 25,772 25,913 25,991 26,136
Chained (1996) dollars...... 22,800 23,150 23,742 23,411 23,406 23,473 23,626 23,758 23,768 23,774 23,830 23,839 23,937 23,984 24,096
Population (thousands) \2\.... 270,560 272,996 275,423 274,347 274,503 274,674 274,859 275,054 275,264 275,496 275,738 275,970 276,191 276,389 276,585
Personal saving as a percentage
of disposable personal income.. 4.7 2.4 1.0 1.3 .6 .5 1.1 1.4 1.3 1.0 .9 .4 .9 1.0 1.2
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1. Equals disposable personal income deflated by the implicit price
deflator for personal consumption expenditures.
2. 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 estimate is the average of the monthly estimates.
Prior to January 2001, first-of-the-month estimates are from Census Bureau
surveys and are consistent with the 1990 Census of Population. Beginning with
January 2001, first-of-the-month estimates are derived by BEA based on
extrapolations of the Census Bureau estimates.
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
>
Table 2.-The Disposition of Personal Income
[Billions of dollars; months seasonally adjusted at annual rates]
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1999 2000 Jan 01 Feb 01 Mar 01 Apr 01 May 01 Jun 01/p/
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Personal income................... 7,777.3 8,319.2 8,604.0 8,640.2 8,676.2 8,701.0 8,717.7 8,745.3
Less: Personal tax and nontax
payments......................... 1,159.2 1,288.2 1,341.2 1,345.0 1,349.4 1,348.0 1,348.3 1,354.8
Equals: Disposable personal income 6,618.0 7,031.0 7,262.9 7,295.2 7,326.9 7,352.9 7,369.5 7,390.5
Less: Personal outlays............ 6,457.2 6,963.3 7,200.8 7,217.0 7,230.8 7,260.4 7,281.7 7,308.3
Personal consumption expenditure 6,250.2 6,728.4 6,960.4 6,978.5 6,994.0 7,022.7 7,043.1 7,068.8
Interest paid by persons........ 179.7 205.3 210.3 208.4 206.7 207.5 208.3 209.2
Personal transfer payments to the
rest of the world (net)........ 27.2 29.6 30.1 30.1 30.1 30.2 30.2 30.2
Equals: Personal saving........... 160.9 67.7 62.0 78.2 96.0 92.5 87.8 82.2
Addenda:
Disposable personal income:
Chained (1996) dollars\1\..... 6,320.0 6,539.2 6,658.8 6,673.4 6,704.9 6,713.7 6,719.5 6,726.2
Per capita:
Current dollars............. 24,242 25,528 26,239 26,335 26,429 26,503 26,542 26,598
Chained (1996) dollars...... 23,150 23,742 24,057 24,091 24,186 24,199 24,202 24,207
Population (thousands) \2\.... 272,996 275,423 276,798 277,011 277,223 277,436 277,649 277,864
Personal saving as a percentage
of disposable personal income.. 2.4 1.0 .9 1.1 1.3 1.3 1.2 1.1
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1. Equals disposable personal income deflated by the implicit price
deflator for personal consumption expenditures.
2. 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 estimate is the average of the monthly estimates.
Prior to January 2001, first-of-the-month estimates are from Census Bureau
surveys and are consistent with the 1990 Census of Population. Beginning with
January 2001, first-of-the-month estimates are derived by BEA based on
extrapolations of the Census Bureau estimates.
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
>
Table 3.-Personal Income and Its Disposition, Change from Preceding Period
[Billions of dollars]
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1996 1997 1998 Jan 98 Feb 98 Mar 98 Apr 98 May 98 Jun 98 Jul 98 Aug 98 Sep 98 Oct 98 Nov 98 Dec 98
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Personal income................... 346.5 389.6 489.0 67.1 56.4 52.2 32.4 44.9 36.2 34.8 40.3 21.3 30.4 32.8 15.7
Wage and salary disbursements... 201.8 262.4 303.9 34.2 26.7 21.0 21.7 30.9 16.5 20.3 38.1 14.6 23.9 30.6 16.2
Private industries............ 183.5 239.2 275.4 29.4 24.3 19.5 18.9 27.5 14.0 18.6 34.0 11.9 21.4 28.4 14.3
Goods-producing industries.. 44.6 66.9 63.4 4.9 4.3 3.4 4.0 5.3 .6 -2.6 13.2 4.3 3.1 3.6 6.1
Manufacturing............. 26.2 44.7 38.2 1.5 2.7 3.4 .5 3.3 -1.2 -5.8 10.3 4.1 -.7 .8 1.8
Distributive industries..... 40.3 57.2 69.3 9.5 7.0 2.0 4.1 9.2 2.5 7.2 8.4 3.6 4.3 10.2 1.2
Service industries.......... 98.6 115.0 142.8 14.9 13.0 14.0 11.0 12.9 10.8 14.1 12.4 3.9 14.1 14.5 7.1
Government.................... 18.3 23.3 28.4 4.8 2.4 1.5 2.8 3.5 2.5 1.6 4.2 2.6 2.5 2.3 1.9
Other labor income.............. -7.0 -14.6 15.2 8.1 1.9 1.2 2.0 1.5 1.7 1.6 1.6 1.8 1.3 1.5 1.6
Proprietors' income with
inventory valuation and capital
consumption adjustments........ 47.0 36.5 42.6 8.8 2.8 6.7 1.4 2.2 7.3 4.5 -2.2 2.3 10.6 4.9 6.3
Farm.......................... 12.1 -4.6 -4.1 -2.4 -2.1 -.7 1.3 .8 .7 -.7 .4 .6 1.6 .4 .2
Nonfarm....................... 35.0 41.0 46.7 11.2 5.0 7.3 .1 1.4 6.6 5.3 -2.7 1.8 8.9 4.4 6.2
Rental income of persons with
capital consumption adjustment. 11.8 -1.4 10.3 -.4 1.2 2.0 4.0 2.8 2.7 3.5 2.0 1.4 .0 .8 .6
Personal dividend income........ 43.4 37.5 13.4 -.4 1.5 1.0 .2 -.2 -.5 -1.0 -.9 -.5 -.2 -.7 -.9
Personal interest income........ 18.1 53.4 100.4 15.4 16.0 14.1 10.7 9.3 7.1 5.8 2.4 -.2 -2.8 -5.1 -8.6
Transfer payments to persons.... 42.9 33.4 21.5 4.3 7.9 7.4 -6.4 .2 2.1 1.3 1.4 2.7 -1.0 2.7 1.3
Old-age, survivors, disability,
and health insurance benefits 29.6 28.2 12.3 6.7 1.7 1.8 -1.5 .3 -.2 1.0 -.3 1.4 -2.3 -.1 .6
Government unemployment
insurance benefits........... .6 -2.2 -.4 -1.0 .3 .4 -.6 -.2 .6 .6 .5 -.7 -.7 1.4 -.4
Other........................ 12.6 7.4 9.6 -1.4 6.0 5.0 -4.3 .2 1.7 -.3 1.2 2.0 2.0 1.4 1.2
Less: Personal contributions for
social insurance............... 11.6 17.5 18.4 3.0 1.6 1.2 1.1 1.7 .9 1.2 2.2 .8 1.2 1.9 1.0
Less: Personal tax and nontax
payments......................... 91.4 99.1 101.6 12.5 8.6 3.0 5.3 12.2 9.3 7.2 13.5 5.4 5.9 11.7 9.1
Equals: Disposable personal income 255.1 290.5 387.4 54.6 47.9 49.1 27.1 32.7 26.9 27.6 26.8 16.0 24.4 21.1 6.6
Less: Personal outlays............ 285.4 309.7 338.8 11.3 47.9 29.2 19.4 64.6 22.4 10.0 31.7 29.2 35.1 20.9 45.1
Personal consumption expenditure 268.5 291.8 326.7 13.7 47.8 28.1 15.8 63.9 20.9 9.3 31.4 29.0 34.3 21.8 46.1
Interest paid by persons........ 15.2 14.9 8.9 -2.4 .1 1.1 2.2 .6 1.5 .9 .3 .2 -.8 -.9 -1.1
Personal transfer payments to the
rest of the world (net)........ 1.7 3.0 3.1 .0 .0 .0 1.4 .0 .0 -.1 .0 .0 1.6 .0 .0
Equals: Personal saving........... -30.3 -19.2 48.6 43.2 .0 19.9 7.7 -31.9 4.5 17.6 -4.9 -13.2 -10.7 .2 -38.4
Addendum:
Disposable personal income:
chained (1996) dollars\1\...... 138.6 176.8 314.1 46.9 44.6 47.1 17.3 24.6 27.4 13.1 17.3 15.5 9.2 16.4 1.3
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1. Equals disposable personal income deflated by the implicit price
deflator for personal consumption expenditures.
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
>
Table 3.-Personal Income and Its Disposition, Change from Preceding Period
[Billions of dollars]
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1997 1998 1999 Jan 99 Feb 99 Mar 99 Apr 99 May 99 Jun 99 Jul 99 Aug 99 Sep 99 Oct 99 Nov 99 Dec 99
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Personal income................... 389.6 489.0 351.3 15.4 19.3 17.8 34.1 33.8 39.9 31.7 41.9 4.7 63.1 35.7 49.8
Wage and salary disbursements... 262.4 303.9 279.4 14.3 26.4 12.5 27.3 28.7 22.8 33.7 26.2 21.6 30.8 20.4 33.9
Private industries............ 239.1 275.4 247.8 11.1 23.3 10.3 25.9 26.4 19.9 30.6 22.2 18.8 28.0 17.3 30.8
Goods-producing industries.. 66.9 63.4 50.2 -3.3 5.9 2.4 6.2 7.1 5.0 8.4 1.4 9.0 2.8 4.3 5.7
Manufacturing............. 44.7 38.2 25.4 -1.2 2.4 2.5 2.6 5.1 2.7 6.4 1.1 5.9 .3 1.7 3.9
Distributive industries..... 57.2 69.3 72.1 7.2 10.9 1.4 8.0 5.7 5.6 7.5 7.4 .8 9.0 3.6 11.4
Service industries.......... 115.0 142.8 125.5 7.1 6.6 6.5 11.7 13.7 9.3 14.6 13.4 9.0 16.1 9.6 13.7
Government.................... 23.3 28.4 31.6 3.2 3.0 2.3 1.3 2.3 2.9 3.0 4.1 2.8 2.8 3.0 3.1
Other labor income.............. -14.6 15.2 19.1 2.0 1.6 1.7 1.3 1.6 1.5 1.5 1.5 1.5 1.6 1.5 1.4
Proprietors' income with
inventory valuation and capital
consumption adjustments........ 36.5 42.6 48.2 .8 1.3 5.4 7.4 -.7 11.8 -.4 7.2 -8.5 8.8 8.4 4.3
Farm.......................... -4.6 -4.1 1.0 -.7 -.1 -.1 .5 -.2 -.5 -1.1 -.4 -1.6 2.0 .2 .2
Nonfarm....................... 41.0 46.7 47.2 1.5 1.5 5.4 6.9 -.5 12.3 .7 7.6 -6.9 6.8 8.2 4.1
Rental income of persons with
capital consumption adjustment. -1.4 10.3 9.1 .6 .5 .4 .2 .2 .1 -.1 .1 -14.3 14.3 .2 -.9
Personal dividend income........ 37.5 13.4 -5.2 -1.5 -2.2 -1.5 -.8 -.3 .2 .8 1.5 1.9 2.4 3.0 3.6
Personal interest income........ 53.4 100.4 -14.4 -10.1 -8.6 -6.1 1.1 2.0 2.6 -.9 .7 1.6 3.8 4.7 6.1
Transfer payments to persons.... 33.4 21.5 35.9 14.5 1.9 6.3 -.7 4.2 2.2 -1.0 6.3 2.0 3.2 -1.5 3.3
Old-age, survivors, disability,
and health insurance benefits 28.2 12.3 9.9 5.9 .4 1.8 .7 .1 .3 .3 1.4 .7 1.9 -2.5 3.0
Government unemployment
insurance benefits........... -2.2 -.4 .8 .4 -.2 .5 -1.2 1.9 -.5 -1.8 1.8 -.7 .4 -.2 -1.0
Other........................ 7.4 9.6 25.1 8.1 1.7 3.9 -.2 2.3 2.4 .6 3.0 2.0 .9 1.2 1.3
Less: Personal contributions for
social insurance............... 17.5 18.4 20.8 5.1 1.8 .7 1.7 1.8 1.4 2.0 1.5 1.1 1.9 .9 1.9
Less: Personal tax and nontax
payments......................... 99.1 101.6 88.8 -5.3 10.4 .8 5.7 13.0 11.7 12.2 -4.8 22.7 8.2 8.0 12.2
Equals: Disposable personal income 290.5 387.4 262.4 20.7 8.9 17.0 28.4 20.8 28.2 19.5 46.7 -18.0 54.9 27.7 37.7
Less: Personal outlays............ 309.7 338.8 403.1 5.8 47.4 49.7 58.4 -3.7 48.7 39.0 36.9 29.9 45.7 35.3 94.9
Personal consumption expenditure 291.8 326.7 394.2 5.9 47.1 48.9 55.7 -5.3 47.8 38.0 35.4 28.9 42.7 32.6 92.2
Interest paid by persons........ 14.9 8.9 6.0 -.3 .3 .8 1.9 1.6 .9 .3 1.5 1.0 2.4 2.7 2.6
Personal transfer payments to the
rest of the world (net)........ 3.0 3.1 2.9 .3 .0 .0 .8 .0 .0 .7 .0 .0 .6 .0 .0
Equals: Personal saving........... -19.2 48.6 -140.6 14.8 -38.5 -32.7 -30.0 24.5 -20.5 -19.5 9.8 -47.9 9.2 -7.6 -57.2
Addendum:
Disposable personal income:
chained (1996) dollars\1\...... 176.8 314.1 151.4 5.3 7.5 15.2 -2.9 20.7 24.6 1.1 31.8 -39.5 41.2 21.3 21.4
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1. Equals disposable personal income deflated by the implicit price
deflator for personal consumption expenditures.
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
>
Table 3.-Personal Income and Its Disposition, Change from Preceding Period
[Billions of dollars]
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1998 1999 2000 Jan 00 Feb 00 Mar 00 Apr 00 May 00 Jun 00 Jul 00 Aug 00 Sep 00 Oct 00 Nov 00 Dec 00
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Personal income................... 489.0 351.3 541.9 69.2 43.7 65.0 60.8 49.1 45.7 26.3 33.2 45.6 55.7 34.8 53.2
Wage and salary disbursements... 303.9 279.4 365.0 54.9 21.5 37.5 45.1 7.9 40.7 30.7 8.0 36.2 43.5 27.9 25.4
Private industries............ 275.4 247.8 320.9 42.8 18.6 32.2 41.8 .6 42.8 28.1 7.7 34.7 41.5 26.8 25.0
Goods-producing industries.. 63.4 50.2 75.0 9.4 5.5 10.6 7.5 -3.9 11.9 11.6 1.9 5.5 12.4 8.0 .7
Manufacturing............. 38.2 25.4 48.1 5.1 4.2 4.0 8.3 -3.1 10.1 9.4 -.5 3.6 9.1 4.6 -.6
Distributive industries..... 69.3 72.1 74.6 8.0 .4 7.6 12.0 -4.1 10.9 8.6 -3.6 12.5 10.6 4.6 8.3
Service industries.......... 142.8 125.5 171.3 25.3 12.7 14.0 22.3 8.6 20.0 7.9 9.4 16.7 18.5 14.2 16.0
Government.................... 28.4 31.6 44.1 12.2 2.9 5.3 3.4 7.2 -2.1 2.6 .4 1.4 2.0 1.1 .3
Other labor income.............. 15.2 19.1 24.5 3.5 2.4 1.9 2.3 1.7 2.7 2.9 2.5 2.6 2.4 2.0 2.1
Proprietors' income with
inventory valuation and capital
consumption adjustments........ 42.6 48.2 43.0 -7.0 6.0 15.5 .5 7.2 8.1 -11.9 9.9 -3.4 1.4 3.7 3.1
Farm.......................... -4.1 1.0 4.0 -.8 .7 1.4 3.3 1.7 1.0 -1.9 -.2 -.1 .1 .1 .2
Nonfarm....................... 46.7 47.2 39.0 -6.1 5.1 14.2 -2.7 5.4 7.1 -10.0 10.1 -3.3 1.3 3.6 2.9
Rental income of persons with
capital consumption adjustment. 10.3 9.1 -6.1 -2.3 -1.3 -1.3 -1.1 -1.1 -1.1 -1.9 -.3 .4 .9 2.0 3.0
Personal dividend income........ 13.4 -5.2 36.1 4.3 4.3 4.2 3.9 3.9 4.3 4.2 4.2 3.9 3.7 3.2 3.0
Personal interest income........ 100.4 -14.4 50.6 9.5 7.1 6.9 7.7 5.4 4.2 2.4 2.5 1.9 .5 1.3 1.3
Transfer payments to persons.... 21.5 35.9 49.5 10.9 4.6 2.1 4.9 23.9 -11.2 1.6 6.4 5.8 5.6 -4.1 16.5
Old-age, survivors, disability,
and health insurance benefits 12.3 9.9 29.3 8.5 2.4 2.9 2.2 20.9 -10.7 -1.8 4.3 4.3 -1.6 -1.3 11.2
Government unemployment
insurance benefits........... -.4 .8 0.0 .7 .2 -2.0 1.4 .2 -1.4 1.7 -.6 .8 2.3 -1.8 1.8
Other........................ 9.6 25.1 20.3 1.7 2.0 1.2 1.4 2.6 1.0 1.7 2.7 .8 4.9 -1.1 3.6
Less: Personal contributions for
social insurance............... 18.4 20.8 20.6 4.7 .8 1.8 2.4 -.1 2.1 1.6 .0 1.9 2.2 1.3 1.1
Less: Personal tax and nontax
payments......................... 101.6 88.8 129.0 19.9 13.2 9.9 13.3 4.6 14.1 1.0 11.4 10.0 11.1 8.1 7.9
Equals: Disposable personal income 387.4 262.4 413.0 49.2 30.5 55.1 47.5 44.5 31.6 25.4 21.7 35.6 44.6 26.7 45.3
Less: Personal outlays............ 338.8 403.1 506.1 19.3 75.2 64.5 3.7 25.3 34.0 48.6 27.4 69.9 7.3 24.3 27.1
Personal consumption expenditure 326.7 394.2 478.2 15.7 72.8 62.1 2.0 22.6 30.6 43.1 24.9 69.0 6.3 23.8 28.2
Interest paid by persons........ 8.9 6.0 25.6 3.6 2.4 2.4 1.1 2.6 3.5 4.3 2.5 .9 .2 .6 -1.2
Personal transfer payments to the
rest of the world (net)........ 3.1 2.9 2.4 .2 .0 .0 .6 .0 .0 1.1 .0 .0 .7 .0 .0
Equals: Personal saving........... 48.6 -140.6 -93.2 29.9 -44.7 -9.4 43.8 19.2 -2.4 -23.2 -5.7 -34.3 37.3 2.4 18.3
Addendum:
Disposable personal income:
chained (1996) dollars\1\...... 314.1 151.4 219.2 22.1 2.2 22.6 46.5 40.7 7.8 7.2 21.3 7.7 32.6 17.5 35.9
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1. Equals disposable personal income deflated by the implicit price
deflator for personal consumption expenditures.
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
>
Table 3.-Personal Income and Its Disposition, Change from Preceding Period
[Billions of dollars]
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1999 2000 Jan 01 Feb 01 Mar 01 Apr 01 May 01 Jun 01/p/
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Personal income................... 351.3 541.9 37.3 36.2 36.0 24.8 16.7 27.6
Wage and salary disbursements... 279.4 365.0 23.3 29.1 22.0 18.8 .0 20.0
Private industries............ 247.8 320.9 16.2 23.9 18.8 15.4 -2.7 17.0
Goods-producing industries.. 50.2 75.0 3.5 4.1 4.4 -2.5 -3.8 -1.0
Manufacturing............. 25.4 48.1 -.7 .9 .2 3.1 -8.0 -2.4
Distributive industries..... 72.1 74.6 4.7 3.3 1.2 4.7 -1.1 5.5
Service industries.......... 125.5 171.3 8.0 16.4 13.3 13.3 2.2 12.4
Government.................... 31.6 44.1 7.2 5.3 3.1 3.3 2.8 3.1
Other labor income.............. 19.1 24.5 1.2 1.1 1.0 1.0 .7 .9
Proprietors' income with
inventory valuation and capital
consumption adjustments........ 48.2 43.0 3.2 2.0 6.5 .9 6.6 5.0
Farm.......................... 1.0 4.0 -1.0 -.7 -1.8 .8 .5 -.8
Nonfarm....................... 47.2 39.0 4.2 2.7 8.3 .1 6.1 5.8
Rental income of persons with
capital consumption adjustment. 9.1 -6.1 -2.9 -1.9 -1.7 1.2 2.4 .6
Personal dividend income........ -5.2 36.1 2.6 2.5 2.4 2.4 2.3 2.4
Personal interest income........ -14.4 50.6 -1.7 -1.9 -1.7 -1.7 -1.7 -1.7
Transfer payments to persons.... 35.9 49.5 17.2 6.6 8.6 2.9 6.0 1.1
Old-age, survivors, disability,
and health insurance benefits 9.9 29.3 12.9 5.3 4.3 2.7 2.2 .1
Government unemployment
insurance benefits........... .8 0.0 .0 .0 .1 .1 .0 .1
Other........................ 25.1 20.3 4.2 1.3 4.2 .1 3.8 .9
Less: Personal contributions for
social insurance............... 20.8 20.6 5.4 1.5 1.0 .8 -.5 .9
Less: Personal tax and nontax
payments......................... 88.8 129.0 3.4 3.8 4.4 -1.4 .3 6.5
Equals: Disposable personal income 262.4 413.0 34.0 32.3 31.7 26.0 16.6 21.0
Less: Personal outlays............ 403.1 506.1 59.5 16.2 13.8 29.6 21.3 26.6
Personal consumption expenditure 394.2 478.2 62.3 18.1 15.5 28.7 20.4 25.7
Interest paid by persons........ 6.0 25.6 -2.0 -1.9 -1.7 .8 .8 .9
Personal transfer payments to the
rest of the world (net)........ 2.9 2.4 -.7 .0 .0 .1 .0 .0
Equals: Personal saving........... -140.6 -93.2 -25.7 16.2 17.8 -3.5 -4.7 -5.6
Addendum:
Disposable personal income:
chained (1996) dollars\1\...... 151.4 219.2 -5.9 14.6 31.5 8.8 5.8 6.7
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1. Equals disposable personal income deflated by the implicit price
deflator for personal consumption expenditures.
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
>
Table 4-Personal Consumption Expenditures by Major Type of Product
[Billions of dollars; months seasonally adjusted at annual rates]
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1996 1997 1998 Jan 98 Feb 98 Mar 98 Apr 98 May 98 Jun 98 Jul 98 Aug 98 Sep 98 Oct 98 Nov 98 Dec 98
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------------
Billions of current dollars
---------------------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures. 5,237.5 5,529.3 5,856.0 5,678.7 5,726.5 5,754.6 5,770.4 5,834.3 5,855.2 5,864.5 5,895.9 5,924.9 5,959.2 5,981.0 6,027.1
Durable goods................... 616.5 642.5 693.2 663.0 670.7 666.8 673.5 701.4 693.1 681.6 690.8 702.7 718.3 718.7 738.5
Nondurable goods................ 1,574.1 1,641.6 1,708.5 1,667.4 1,676.0 1,683.9 1,686.9 1,698.8 1,705.8 1,711.8 1,716.4 1,721.9 1,733.6 1,744.0 1,755.5
Services........................ 3,047.0 3,245.2 3,454.3 3,348.3 3,379.8 3,403.9 3,410.0 3,434.2 3,456.4 3,471.2 3,488.7 3,500.3 3,507.3 3,518.3 3,533.1
---------------------------------------------------------------------------------------------------------------------------------------
Billions of chained (1996) dollars
---------------------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures. 5,237.5 5,423.9 5,683.7 5,537.6 5,582.2 5,608.9 5,616.0 5,671.6 5,693.0 5,689.4 5,711.9 5,739.9 5,759.8 5,777.2 5,817.0
Durable goods................... 616.5 657.3 726.7 687.5 696.7 693.4 700.0 732.8 726.3 714.1 725.9 741.4 758.2 760.2 783.4
Nondurable goods................ 1,574.1 1,619.9 1,686.4 1,643.6 1,655.2 1,670.1 1,672.7 1,680.7 1,688.1 1,691.1 1,691.3 1,698.4 1,704.9 1,716.9 1,724.2
Services........................ 3,047.0 3,147.0 3,273.4 3,207.4 3,231.5 3,246.2 3,244.6 3,261.3 3,280.9 3,285.6 3,296.7 3,303.4 3,301.5 3,305.1 3,316.3
---------------------------------------------------------------------------------------------------------------------------------------
Chain-type price indexes (1996=100)
---------------------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures. 100.00 101.94 103.03 102.55 102.59 102.60 102.76 102.88 102.86 103.08 103.23 103.23 103.47 103.53 103.62
Durable goods................... 100.00 97.75 95.40 96.42 96.24 96.13 96.18 95.68 95.39 95.43 95.14 94.76 94.71 94.51 94.24
Nondurable goods................ 100.00 101.34 101.31 101.44 101.25 100.83 100.85 101.08 101.05 101.22 101.49 101.39 101.69 101.59 101.83
Services........................ 100.00 103.12 105.53 104.40 104.60 104.86 105.11 105.31 105.36 105.65 105.83 105.97 106.24 106.46 106.54
Addendum:
Personal consumption expenditures
less food and energy......... 100.00 101.94 103.48 102.71 102.89 103.00 103.23 103.35 103.30 103.56 103.74 103.78 103.97 104.05 104.20
---------------------------------------------------------------------------------------------------------------------------------------
Change from preceding period
---------------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------------
Billions of current dollars
---------------------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures. 268.5 291.8 326.7 13.7 47.8 28.1 15.8 63.9 20.9 9.3 31.4 29.0 34.3 21.8 46.1
Durable goods................... 26.8 26.0 50.7 -1.9 7.7 -3.9 6.7 27.9 -8.3 -11.5 9.2 11.9 15.6 .4 19.8
Nondurable goods................ 76.8 67.5 66.9 7.5 8.6 7.9 3.0 11.9 7.0 6.0 4.6 5.5 11.7 10.4 11.5
Services........................ 165.0 198.2 209.1 8.2 31.5 24.1 6.1 24.2 22.2 14.8 17.5 11.6 7.0 11.0 14.8
---------------------------------------------------------------------------------------------------------------------------------------
Billions of chained (1996) dollars
---------------------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures. 161.9 186.4 259.8 7.6 44.6 26.7 7.1 55.6 21.4 -3.6 22.5 28.0 19.9 17.4 39.8
Durable goods................... 33.0 40.8 69.4 -1.1 9.2 -3.3 6.6 32.8 -6.5 -12.2 11.8 15.5 16.8 2.0 23.2
Nondurable goods................ 45.1 45.8 66.5 7.6 11.6 14.9 2.6 8.0 7.4 3.0 .2 7.1 6.5 12.0 7.3
Services........................ 83.6 100.0 126.4 .9 24.1 14.7 -1.6 16.7 19.6 4.7 11.1 6.7 -1.9 3.6 11.2
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
>
Table 4-Personal Consumption Expenditures by Major Type of Product
[Billions of dollars; months seasonally adjusted at annual rates]
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1997 1998 1999 Jan 99 Feb 99 Mar 99 Apr 99 May 99 Jun 99 Jul 99 Aug 99 Sep 99 Oct 99 Nov 99 Dec 99
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------------
Billions of current dollars
---------------------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures. 5,529.3 5,856.0 6,250.2 6,033.0 6,080.1 6,129.0 6,184.7 6,179.4 6,227.2 6,265.2 6,300.6 6,329.5 6,372.2 6,404.8 6,497.0
Durable goods................... 642.5 693.2 760.9 711.1 734.2 749.4 760.7 738.3 765.5 765.3 768.3 770.1 778.4 784.7 805.1
Nondurable goods................ 1,641.6 1,708.5 1,831.3 1,767.0 1,777.4 1,784.7 1,810.4 1,817.0 1,816.8 1,824.9 1,841.3 1,857.9 1,871.9 1,880.2 1,926.5
Services........................ 3,245.2 3,454.3 3,658.0 3,555.0 3,568.5 3,594.8 3,613.6 3,624.0 3,644.9 3,674.9 3,690.9 3,701.4 3,721.9 3,739.9 3,765.4
---------------------------------------------------------------------------------------------------------------------------------------
Billions of chained (1996) dollars
---------------------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures. 5,423.9 5,683.7 5,968.4 5,809.2 5,853.4 5,899.4 5,924.6 5,920.2 5,963.6 5,983.5 6,005.2 6,011.4 6,041.7 6,067.7 6,141.4
Durable goods................... 657.3 726.7 817.8 755.3 783.3 803.0 814.2 791.4 822.9 823.5 828.1 829.9 840.3 848.8 873.3
Nondurable goods................ 1,619.9 1,686.4 1,766.4 1,728.4 1,740.2 1,747.9 1,750.6 1,760.4 1,760.6 1,761.7 1,770.3 1,773.8 1,782.6 1,792.1 1,828.7
Services........................ 3,147.0 3,273.4 3,393.2 3,329.4 3,336.5 3,356.6 3,368.7 3,374.8 3,389.7 3,407.4 3,416.3 3,417.4 3,429.4 3,438.3 3,453.9
---------------------------------------------------------------------------------------------------------------------------------------
Chain-type price indexes (1996=100)
---------------------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures. 101.94 103.03 104.72 103.86 103.88 103.90 104.40 104.39 104.43 104.72 104.93 105.30 105.48 105.57 105.80
Durable goods................... 97.75 95.40 93.04 94.12 93.71 93.30 93.41 93.28 93.02 92.91 92.77 92.79 92.62 92.43 92.18
Nondurable goods................ 101.34 101.31 103.67 102.24 102.15 102.12 103.43 103.23 103.21 103.61 104.03 104.76 105.03 104.93 105.37
Services........................ 103.12 105.53 107.80 106.78 106.96 107.11 107.28 107.39 107.54 107.86 108.05 108.32 108.54 108.78 109.03
Addendum:
Personal consumption expenditures
less food and energy......... 101.94 103.48 104.99 104.43 104.46 104.43 104.70 104.74 104.82 105.03 105.07 105.37 105.52 105.59 105.74
---------------------------------------------------------------------------------------------------------------------------------------
Change from preceding period
---------------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------------
Billions of current dollars
---------------------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures. 291.8 326.7 394.2 5.9 47.1 48.9 55.7 -5.3 47.8 38.0 35.4 28.9 42.7 32.6 92.2
Durable goods................... 26.0 50.7 67.7 -27.4 23.1 15.2 11.3 -22.4 27.2 -.2 3.0 1.8 8.3 6.3 20.4
Nondurable goods................ 67.5 66.9 122.8 11.5 10.4 7.3 25.7 6.6 -.2 8.1 16.4 16.6 14.0 8.3 46.3
Services........................ 198.2 209.1 203.7 21.9 13.5 26.3 18.8 10.4 20.9 30.0 16.0 10.5 20.5 18.0 25.5
---------------------------------------------------------------------------------------------------------------------------------------
Billions of chained (1996) dollars
---------------------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures. 186.4 259.8 284.7 -7.8 44.2 46.0 25.2 -4.4 43.4 19.9 21.7 6.2 30.3 26.0 73.7
Durable goods................... 40.8 69.4 91.1 -28.1 28.0 19.7 11.2 -22.8 31.5 .6 4.6 1.8 10.4 8.5 24.5
Nondurable goods................ 45.8 66.5 80.0 4.2 11.8 7.7 2.7 9.8 .2 1.1 8.6 3.5 8.8 9.5 36.6
Services........................ 100.0 126.4 119.8 13.1 7.1 20.1 12.1 6.1 14.9 17.7 8.9 1.1 12.0 8.9 15.6
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
>
Table 4-Personal Consumption Expenditures by Major Type of Product
[Billions of dollars; months seasonally adjusted at annual rates]
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1998 1999 2000 Jan 00 Feb 00 Mar 00 Apr 00 May 00 Jun 00 Jul 00 Aug 00 Sep 00 Oct 00 Nov 00 Dec 00
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------------
Billions of current dollars
---------------------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures. 5,856.0 6,250.2 6,728.4 6,512.7 6,585.5 6,647.6 6,649.6 6,672.2 6,702.8 6,745.9 6,770.8 6,839.8 6,846.1 6,869.9 6,898.1
Durable goods................... 693.2 760.9 819.6 813.6 827.3 821.2 817.3 813.5 810.6 814.7 819.5 842.0 824.8 819.1 812.2
Nondurable goods................ 1,708.5 1,831.3 1,989.6 1,906.6 1,940.3 1,980.8 1,973.5 1,972.3 1,989.1 2,005.5 2,004.6 2,027.1 2,026.6 2,023.5 2,025.3
Services........................ 3,454.3 3,658.0 3,919.2 3,792.5 3,818.0 3,845.6 3,858.8 3,886.4 3,903.1 3,925.7 3,946.7 3,970.7 3,994.8 4,027.3 4,060.6
---------------------------------------------------------------------------------------------------------------------------------------
Billions of chained (1996) dollars
---------------------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures. 5,683.7 5,968.4 6,257.8 6,133.0 6,176.0 6,206.2 6,210.1 6,230.5 6,238.3 6,262.8 6,286.9 6,326.7 6,324.2 6,339.4 6,359.7
Durable goods................... 726.7 817.8 895.5 883.1 900.3 892.9 890.0 884.9 884.5 890.3 898.7 923.3 906.3 899.8 892.2
Nondurable goods................ 1,686.4 1,766.4 1,849.9 1,806.5 1,822.7 1,842.3 1,840.4 1,845.4 1,848.8 1,859.3 1,864.6 1,868.3 1,868.4 1,863.9 1,868.0
Services........................ 3,273.4 3,393.2 3,527.7 3,458.9 3,470.6 3,487.1 3,495.2 3,514.4 3,519.2 3,527.7 3,539.1 3,553.9 3,565.4 3,589.7 3,611.4
---------------------------------------------------------------------------------------------------------------------------------------
Chain-type price indexes (1996=100)
---------------------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures. 103.03 104.72 107.52 106.20 106.64 107.12 107.08 107.10 107.45 107.72 107.70 108.12 108.26 108.37 108.47
Durable goods................... 95.40 93.04 91.53 92.12 91.88 91.96 91.82 91.93 91.65 91.50 91.18 91.20 91.01 91.03 91.03
Nondurable goods................ 101.31 103.67 107.55 105.56 106.47 107.53 107.24 106.88 107.60 107.87 107.52 108.50 108.47 108.57 108.43
Services........................ 105.53 107.80 111.10 109.65 110.02 110.29 110.41 110.60 110.92 111.29 111.53 111.74 112.05 112.20 112.45
Addendum:
Personal consumption expenditures
less food and energy......... 103.48 104.99 107.02 106.12 106.35 106.62 106.74 106.83 106.88 107.11 107.21 107.43 107.55 107.68 107.73
---------------------------------------------------------------------------------------------------------------------------------------
Change from preceding period
---------------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------------
Billions of current dollars
---------------------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures. 326.7 394.2 478.2 15.7 72.8 62.1 2.0 22.6 30.6 43.1 24.9 69.0 6.3 23.8 28.2
Durable goods................... 50.7 67.7 58.7 8.5 13.7 -6.1 -3.9 -3.8 -2.9 4.1 4.8 22.5 -17.2 -5.7 -6.9
Nondurable goods................ 66.9 122.8 158.3 -19.9 33.7 40.5 -7.3 -1.2 16.8 16.4 -.9 22.5 -.5 -3.1 1.8
Services........................ 209.1 203.7 261.2 27.1 25.5 27.6 13.2 27.6 16.7 22.6 21.0 24.0 24.1 32.5 33.3
---------------------------------------------------------------------------------------------------------------------------------------
Billions of chained (1996) dollars
---------------------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures. 259.8 284.7 289.4 -8.4 43.0 30.2 3.9 20.4 7.8 24.5 24.1 39.8 -2.5 15.2 20.3
Durable goods................... 69.4 91.1 77.7 9.8 17.2 -7.4 -2.9 -5.1 -.4 5.8 8.4 24.6 -17.0 -6.5 -7.6
Nondurable goods................ 66.5 80.0 83.5 -22.2 16.2 19.6 -1.9 5.0 3.4 10.5 5.3 3.7 .1 -4.5 4.1
Services........................ 126.4 119.8 134.5 5.0 11.7 16.5 8.1 19.2 4.8 8.5 11.4 14.8 11.5 24.3 21.7
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
>
Table 4-Personal Consumption Expenditures by Major Type of Product
[Billions of dollars; months seasonally adjusted at annual rates]
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1999 2000 Jan 01 Feb 01 Mar 01 Apr 01 May 01 Jun 01/p/
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------------
Billions of current dollars
---------------------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures. 6,250.2 6,728.4 6,960.4 6,978.5 6,994.0 7,022.7 7,043.1 7,068.8
Durable goods................... 760.9 819.6 832.1 844.4 837.7 839.6 838.0 850.6
Nondurable goods................ 1,831.3 1,989.6 2,056.2 2,048.6 2,036.5 2,056.0 2,069.0 2,064.2
Services........................ 3,658.0 3,919.2 4,072.1 4,085.4 4,119.8 4,127.0 4,136.2 4,154.0
---------------------------------------------------------------------------------------------------------------------------------------
Billions of chained (1996) dollars
---------------------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures. 5,968.4 6,257.8 6,381.5 6,383.6 6,400.3 6,412.1 6,422.0 6,433.5
Durable goods................... 817.8 895.5 912.7 929.4 925.3 929.6 931.8 946.4
Nondurable goods................ 1,766.4 1,849.9 1,891.2 1,874.8 1,868.1 1,877.7 1,883.5 1,879.0
Services........................ 3,393.2 3,527.7 3,593.6 3,598.0 3,623.7 3,622.4 3,624.6 3,628.4
---------------------------------------------------------------------------------------------------------------------------------------
Chain-type price indexes (1996=100)
---------------------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures. 104.72 107.52 109.08 109.32 109.28 109.53 109.68 109.88
Durable goods................... 93.04 91.53 91.18 90.86 90.54 90.33 89.93 89.88
Nondurable goods................ 103.67 107.55 108.73 109.28 109.02 109.50 109.85 109.86
Services........................ 107.80 111.10 113.33 113.56 113.70 113.94 114.13 114.50
Addendum:
Personal consumption expenditures
less food and energy......... 104.99 107.02 108.16 108.40 108.45 108.61 108.54 108.77
---------------------------------------------------------------------------------------------------------------------------------------
Change from preceding period
---------------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------------
Billions of current dollars
---------------------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures. 394.2 478.2 62.3 18.1 15.5 28.7 20.4 25.7
Durable goods................... 67.7 58.7 19.9 12.3 -6.7 1.9 -1.6 12.6
Nondurable goods................ 122.8 158.3 30.9 -7.6 -12.1 19.5 13.0 -4.8
Services........................ 203.7 261.2 11.5 13.3 34.4 7.2 9.2 17.8
---------------------------------------------------------------------------------------------------------------------------------------
Billions of chained (1996) dollars
---------------------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures. 284.7 289.4 21.8 2.1 16.7 11.8 9.9 11.5
Durable goods................... 91.1 77.7 20.5 16.7 -4.1 4.3 2.2 14.6
Nondurable goods................ 80.0 83.5 23.2 -16.4 -6.7 9.6 5.8 -4.5
Services........................ 119.8 134.5 -17.8 4.4 25.7 -1.3 2.2 3.8
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
>
Table 5.-Percent Change From Preceding Period in Selected Series
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1996 1997 1998 Jan 98 Feb 98 Mar 98 Apr 98 May 98 Jun 98 Jul 98 Aug 98 Sep 98 Oct 98 Nov 98 Dec 98
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------------
Based on current dollars
---------------------------------------------------------------------------------------------------------------------------------------
Personal income................... 5.6 6.0 7.0 .9 .8 .7 .4 .6 .5 .5 .5 .3 .4 .4 .2
Disposable personal income........ 4.7 5.1 6.5 .9 .8 .8 .4 .5 .4 .4 .4 .2 .4 .3 .1
Personal consumption expenditures. 5.4 5.6 5.9 .2 .8 .5 .3 1.1 .4 .2 .5 .5 .6 .4 .8
Durable goods................... 4.5 4.2 7.9 -.3 1.2 -.6 1.0 4.1 -1.2 -1.6 1.3 1.7 2.2 .1 2.8
Nondurable goods................ 5.1 4.3 4.1 .5 .5 .5 .2 .7 .4 .4 .3 .3 .7 .6 .7
Services........................ 5.7 6.5 6.4 .2 .9 .7 .2 .7 .6 .4 .5 .3 .2 .3 .4
---------------------------------------------------------------------------------------------------------------------------------------
Based on chained (1996) dollars
---------------------------------------------------------------------------------------------------------------------------------------
Disposable personal income........ 2.5 3.1 5.4 .8 .7 .8 .3 .4 .4 .2 .3 .2 .1 .3 .0
Personal consumption expenditures. 3.2 3.6 4.8 .1 .8 .5 .1 1.0 .4 -.1 .4 .5 .3 .3 .7
Durable goods................... 5.6 6.6 10.5 -.2 1.3 -.5 .9 4.7 -.9 -1.7 1.7 2.1 2.3 .3 3.1
Nondurable goods................ 2.9 2.9 4.1 .5 .7 .9 .2 .5 .4 .2 .0 .4 .4 .7 .4
Services........................ 2.8 3.3 4.0 .0 .7 .5 -.1 .5 .6 .1 .3 .2 -.1 .1 .3
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
>
Table 5.-Percent Change From Preceding Period in Selected Series
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1997 1998 1999 Jan 99 Feb 99 Mar 99 Apr 99 May 99 Jun 99 Jul 99 Aug 99 Sep 99 Oct 99 Nov 99 Dec 99
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------------
Based on current dollars
---------------------------------------------------------------------------------------------------------------------------------------
Personal income................... 6.0 7.0 4.7 .2 .3 .2 .4 .4 .5 .4 .5 .1 .8 .5 .6
Disposable personal income........ 5.1 6.5 4.1 .3 .1 .3 .4 .3 .4 .3 .7 -.3 .8 .4 .6
Personal consumption expenditures. 5.6 5.9 6.7 .1 .8 .8 .9 -.1 .8 .6 .6 .5 .7 .5 1.4
Durable goods................... 4.2 7.9 9.8 -3.7 3.2 2.1 1.5 -2.9 3.7 .0 .4 .2 1.1 .8 2.6
Nondurable goods................ 4.3 4.1 7.2 .6 .6 .4 1.4 .4 .0 .4 .9 .9 .8 .4 2.5
Services........................ 6.5 6.4 5.9 .6 .4 .7 .5 .3 .6 .8 .4 .3 .6 .5 .7
---------------------------------------------------------------------------------------------------------------------------------------
Based on chained (1996) dollars
---------------------------------------------------------------------------------------------------------------------------------------
Disposable personal income........ 3.1 5.4 2.5 .1 .1 .2 .0 .3 .4 .0 .5 -.6 .7 .3 .3
Personal consumption expenditures. 3.6 4.8 5.0 -.1 .8 .8 .4 -.1 .7 .3 .4 .1 .5 .4 1.2
Durable goods................... 6.6 10.5 12.5 -3.6 3.7 2.5 1.4 -2.8 4.0 .1 .6 .2 1.3 1.0 2.9
Nondurable goods................ 2.9 4.1 4.7 .2 .7 .4 .2 .6 .0 .1 .5 .2 .5 .5 2.0
Services........................ 3.3 4.0 3.7 .4 .2 .6 .4 .2 .4 .5 .3 .0 .3 .3 .5
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
>
Table 5.-Percent Change From Preceding Period in Selected Series
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1998 1999 2000 Jan 00 Feb 00 Mar 00 Apr 00 May 00 Jun 00 Jul 00 Aug 00 Sep 00 Oct 00 Nov 00 Dec 00
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------------
Based on current dollars
---------------------------------------------------------------------------------------------------------------------------------------
Personal income................... 7.0 4.7 7.0 .9 .5 .8 .7 .6 .6 .3 .4 .5 .7 .4 .6
Disposable personal income........ 6.5 4.1 6.2 .7 .4 .8 .7 .6 .5 .4 .3 .5 .6 .4 .6
Personal consumption expenditures. 5.9 6.7 7.7 .2 1.1 .9 .0 .3 .5 .6 .4 1.0 .1 .3 .4
Durable goods................... 7.9 9.8 7.7 1.1 1.7 -.7 -.5 -.5 -.4 .5 .6 2.8 -2.0 -.7 -.8
Nondurable goods................ 4.1 7.2 8.6 -1.0 1.8 2.1 -.4 -.1 .9 .8 .0 1.1 .0 -.1 .1
Services........................ 6.4 5.9 7.1 .7 .7 .7 .3 .7 .4 .6 .5 .6 .6 .8 .8
---------------------------------------------------------------------------------------------------------------------------------------
Based on chained (1996) dollars
---------------------------------------------------------------------------------------------------------------------------------------
Disposable personal income........ 5.4 2.5 3.5 .3 .0 .4 .7 .6 .1 .1 .3 .1 .5 .3 .5
Personal consumption expenditures. 4.8 5.0 4.8 -.1 .7 .5 .1 .3 .1 .4 .4 .6 .0 .2 .3
Durable goods................... 10.5 12.5 9.5 1.1 1.9 -.8 -.3 -.6 .0 .7 .9 2.7 -1.8 -.7 -.8
Nondurable goods................ 4.1 4.7 4.7 -1.2 .9 1.1 -.1 .3 .2 .6 .3 .2 .0 -.2 .2
Services........................ 4.0 3.7 4.0 .1 .3 .5 .2 .5 .1 .2 .3 .4 .3 .7 .6
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
>
Table 5.-Percent Change From Preceding Period in Selected Series
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1999 2000 Jan 01 Feb 01 Mar 01 Apr 01 May 01 Jun 01/p/
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------------
Based on current dollars
---------------------------------------------------------------------------------------------------------------------------------------
Personal income................... 4.7 7.0 .4 .4 .4 .3 .2 .3
Disposable personal income........ 4.1 6.2 .5 .4 .4 .4 .2 .3
Personal consumption expenditures. 6.7 7.7 .9 .3 .2 .4 .3 .4
Durable goods................... 9.8 7.7 2.5 1.5 -.8 .2 -.2 1.5
Nondurable goods................ 7.2 8.6 1.5 -.4 -.6 1.0 .6 -.2
Services........................ 5.9 7.1 .3 .3 .8 .2 .2 .4
---------------------------------------------------------------------------------------------------------------------------------------
Based on chained (1996) dollars
---------------------------------------------------------------------------------------------------------------------------------------
Disposable personal income........ 2.5 3.5 -.1 .2 .5 .1 .1 .1
Personal consumption expenditures. 5.0 4.8 .3 .0 .3 .2 .2 .2
Durable goods................... 12.5 9.5 2.3 1.8 -.4 .5 .2 1.6
Nondurable goods................ 4.7 4.7 1.2 -.9 -.4 .5 .3 -.2
Services........................ 3.7 4.0 -.5 .1 .7 .0 .1 .1
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
Table 6.-Revisions to Personal Income and Its Disposition
[Billions of dollars]
---------------------------------------------------------------------------------------------------------------------------
| Revised | Revision | Revision to percent change
---------------------------------------------------------------------------------------------------------------------------
1998 1999 2000 1998 1999 2000 1998 1999 2000
---------------------------------------------------------------------------------------------------------------------------
Personal income..................... < 1> 7426.0 7777.3 8319.2 35.0 -12.3 37.5 .5 -.7 .7
Wage and salary disbursements....... 2 4192.8 4472.2 4837.2 2.1 2.2 67.8 .0 .0 1.5
Private industries................ 3 3500.1 3747.9 4068.8 2.1 2.3 60.3 .0 .0 1.6
Goods-producing industries...... 4 1038.5 1088.7 1163.7 -.1 -.5 10.5 .0 -.1 1.0
Manufacturing................. 5 756.6 782.0 830.1 .0 -.4 14.2 .0 .0 1.9
Distributive industries......... 6 948.9 1021.0 1095.6 -.2 .7 -11.7 .0 .1 -1.2
Service industries.............. 7 1512.7 1638.2 1809.5 2.4 2.2 61.5 .2 .0 3.7
Government........................ 8 692.7 724.3 768.4 .0 -.1 7.5 .0 .0 1.1
Other labor income.................. 9 490.6 509.7 534.2 5.1 8.7 10.2 1.1 .7 0.2
Proprietors' income with IVA CCA.... 10 623.8 672.0 715.0 3.1 8.5 4.6 .5 .8 -0.7
Farm.............................. 11 25.6 26.6 30.6 .2 1.3 8.0 .5 4.3 25.9
Nonfarm........................... 12 598.2 645.4 684.4 3.0 7.2 -3.4 .6 .7 -1.8
Rental income of persons with CCA... 13 138.6 147.7 141.6 3.2 4.3 1.6 2.5 .7 -1.7
Personal dividend income............ 14 348.3 343.1 379.2 -2.8 -27.2 -17.4 -.8 -7.0 3.4
Personal interest income............ 15 964.4 950.0 1000.6 23.6 -13.7 -33.7 2.7 -3.9 -2.0
Transfer payments to persons........ 16 983.7 1019.6 1069.1 .7 3.4 1.3 .0 .2 -.2
Old-age, survivors, disability,
and health insurance benefits.... 17 578.1 588.0 617.3 .1 .0 -5.1 .0 .0 -.9
Government unemployment
insurance benefits............... 18 19.5 20.3 20.3 .0 .0 .2 -.2 .1 1.1
Other............................ 19 386.1 411.2 431.5 .7 3.3 6.2 .1 .7 .6
Less: Personal contributions for
social insurance................... 20 316.3 337.1 357.7 .1 -1.4 -3.0 .0 -.4 -.5
Less: Personal tax and nontax
payments............................ 21 1070.4 1159.2 1288.2 -.5 7.2 -3.7 .0 .7 -1.0
Equals: Disposable personal income... 22 6355.6 6618.0 7031.0 35.6 -19.7 41.2 .6 -.9 .9
Less: Personal outlays............... 23 6054.1 6457.2 6963.3 -.6 -32.9 -35.0 .0 -.5 .0
Personal consumption expenditures... 24 5856.0 6250.2 6728.4 5.1 -18.5 -28.9 .1 -.4 -.1
Durable goods...................... 25 693.2 760.9 819.6 -.7 -.4 -.7 -.1 .1 -.1
Nondurable goods................... 26 1708.5 1831.3 1989.6 .9 -14.2 -20.4 .1 -.9 -.3
Services........................... 27 3454.3 3658.0 3919.2 5.0 -3.9 -7.8 .1 -.3 -.1
Interest paid by persons............ 28 173.7 179.7 205.3 -6.1 -15.1 -6.9 -3.7 -4.9 5.3
Personal transfer payments to the
rest of the world (net)............ 29 24.3 27.2 29.6 .3 .6 .8 1.3 1.0 .4
Equals: Personal saving.............. 30 301.5 160.9 67.7 36.1 13.3 76.2 14.3 -2.2 47.8
Addendum:
Disposable personal income:
chained (1996) dollars\1\.......... 31 6168.6 6320.0 6539.2 34.5 -11.0 28.2 .6 -.7 .7
Per capita:
Current dollars................. 32 23491 24242 25528 132 -72 149 .6 -.9 .9
Chained (1996) dollars.......... 33 22800 23150 23742 128 -41 102 .6 -.8 .7
Population (mid-period millions)\2\ 34 270.6 273.0 275.4 .0 .0 .0 .0 .0 .0
Personal saving as a percentage
of disposable personal income..... < 35> 4.7 2.4 1.0 .5 .2 1.1 11.9 -1.3 46.2
---------------------------------------------------------------------------------------------------------------------------
IVA Inventory valuation adjustment
CCA Capital consumption adjustment
1. Disposable personal income in chained (1996) dollars equals the
current-dollar figure divided by the implicit price deflator for
personal consumption expenditures
2. 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 estimate is the average of the monthly estimates.
Prior to January 2001, first-of-the-month estimates are from Census Bureau
surveys and are consistent with the 1990 Census of Population. Beginning with
January 2001, first-of-the-month estimates are derived by BEA based on
extrapolations of the Census Bureau estimates.
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
Table 7.--Personal Income, Disposable Personal Income, PCE and
Personal Savings: Change in Levels and Percent Changes
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| Personal Income | Disposable Personal Income | Personal Consumption Expenditures | Personal Savings as
|------------------------------------------------------------------------------------------------------------------------------------| a percentage of DPI
| Billions of dollars | Percent | Billions of dollars | Percent | Billions of dollars| Percent |
----------------------------------------------------------------------------------------------------------------------------------------------------------
Previously Revised Previously Revised Previously Revised Previously Revised Previously Revised Previously Revised Previously Revised
published published published published published published published
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1998........ 454.0 489.0 6.5 7.0 351.8 387.4 5.9 6.5 321.6 326.7 5.8 5.9 4.2 4.7
1999........ 398.6 351.3 5.4 4.7 317.7 262.4 5.0 4.1 417.8 394.2 7.1 6.7 2.2 2.4
2000........ 492.1 541.9 6.3 7.0 352.1 413.0 5.3 6.2 488.6 478.2 7.8 7.7 -.1 1.0
1998:
January..... 53.8 67.1 .8 .9 40.3 54.6 .7 .9 13.5 13.7 .2 .2 4.6 4.9
February.... 47.2 56.4 .7 .8 37.1 47.9 .6 .8 35.0 47.8 .6 .8 4.6 4.8
March....... 38.3 52.2 .5 .7 35.8 49.1 .6 .8 32.4 28.1 .6 .5 4.6 5.1
April....... 27.3 32.4 .4 .4 23.4 27.1 .4 .4 17.5 15.8 .3 .3 4.7 5.2
May......... 44.9 44.9 .6 .6 31.8 32.7 .5 .5 57.1 63.9 1.0 1.1 4.2 4.7
June........ 30.8 36.2 .4 .5 22.2 26.9 .4 .4 29.8 20.9 .5 .4 4.0 4.7
July........ 35.8 34.8 .5 .5 28.7 27.6 .5 .4 11.7 9.3 .2 .2 4.3 5.0
August...... 40.7 40.3 .5 .5 27.4 26.8 .4 .4 31.3 31.4 .5 .5 4.2 4.9
September... 21.5 21.3 .3 .3 16.9 16.0 .3 .2 31.6 29.0 .5 .5 3.9 4.7
October..... 35.1 30.4 .5 .4 28.5 24.4 .4 .4 32.8 34.3 .6 .6 3.8 4.5
November.... 67.1 32.8 .9 .4 56.7 21.1 .9 .3 18.2 21.8 .3 .4 4.3 4.5
December.... -12.6 15.7 -.2 .2 -20.0 6.6 -.3 .1 48.6 46.1 .8 .8 3.3 3.9
1999:
January..... 32.7 15.4 .4 .2 41.7 20.7 .6 .3 24.6 5.9 .4 .1 3.5 4.1
February.... 36.8 19.3 .5 .3 27.2 8.9 .4 .1 40.2 47.1 .7 .8 3.2 3.5
March....... 24.8 17.8 .3 .2 25.2 17.0 .4 .3 58.2 48.9 1.0 .8 2.7 3.0
April....... 33.2 34.1 .4 .4 28.2 28.4 .4 .4 39.8 55.7 .6 .9 2.5 2.5
May......... 25.9 33.8 .3 .4 14.1 20.8 .2 .3 13.1 -5.3 .2 -.1 2.5 2.9
June........ 67.0 39.9 .9 .5 53.8 28.2 .8 .4 51.4 47.8 .8 .8 2.5 2.6
July........ 14.4 31.7 .2 .4 1.4 19.5 .0 .3 25.6 38.0 .4 .6 2.1 2.3
August...... 43.7 41.9 .6 .5 48.5 46.7 .7 .7 46.0 35.4 .7 .6 2.1 2.4
September... 5.9 4.7 .1 .1 -18.5 -18.0 -.3 -.3 35.5 28.9 .6 .5 1.3 1.7
October..... 98.7 63.1 1.3 .8 91.7 54.9 1.4 .8 40.4 42.7 .6 .7 2.0 1.8
November.... 31.3 35.7 .4 .5 21.6 27.7 .3 .4 33.9 32.6 .5 .5 1.8 1.7
December.... 17.3 49.8 .2 .6 1.8 37.7 .0 .6 73.1 92.2 1.1 1.4 .7 .8
2000:
January..... 62.1 69.2 .8 .9 47.2 49.2 .7 .7 52.6 15.7 .8 .2 .6 1.3
February.... 43.2 43.7 .5 .5 27.9 30.5 .4 .4 76.1 72.8 1.2 1.1 -.1 .6
March....... 62.0 65.0 .8 .8 51.9 55.1 .8 .8 36.3 62.1 .5 .9 .1 .5
April....... 47.7 60.8 .6 .7 29.3 47.5 .4 .7 12.4 2.0 .2 .0 .3 1.1
May......... 28.3 49.1 .3 .6 23.8 44.5 .3 .6 18.4 22.6 .3 .3 .3 1.4
June........ 41.9 45.7 .5 .6 28.0 31.6 .4 .5 31.0 30.6 .5 .5 .3 1.3
July........ 20.5 26.3 .2 .3 14.9 25.4 .2 .4 42.1 43.1 .6 .6 -.2 1.0
August...... 26.5 33.2 .3 .4 11.4 21.7 .2 .3 26.0 24.9 .4 .4 -.4 .9
September... 94.1 45.6 1.1 .5 80.8 35.6 1.2 .5 55.0 69.0 .8 1.0 .0 .4
October..... -14.6 55.7 -.2 .7 -26.8 44.6 -.4 .6 14.5 6.3 .2 .1 -.6 .9
November.... 16.1 34.8 .2 .4 7.4 26.7 .1 .4 18.4 23.8 .3 .3 -.8 1.0
December.... 38.9 53.2 .5 .6 30.6 45.3 .4 .6 21.8 28.2 .3 .4 -.7 1.2
2001:
January..... 49.6 37.3 .6 .4 36.4 34.0 .5 .5 75.0 62.3 1.1 .9 -1.3 .9
February.... 45.2 36.2 .5 .4 37.3 32.3 .5 .4 15.7 18.1 .2 .3 -1.0 1.1
March....... 40.2 36.0 .5 .4 32.7 31.7 .5 .4 17.9 15.5 .3 .2 -.8 1.3
April....... 17.4 24.8 .2 .3 18.3 26.0 .3 .4 35.6 28.7 .5 .4 -1.0 1.3
May......... 18.2 16.7 .2 .2 14.6 16.6 .2 .2 19.8 20.4 .3 .3 -1.1 1.2
June........ .... 27.6 .... .3 .... 21.0 .... .3 .... 25.7 .... .4 .... 1.1
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Month-to-month changes are at monthly rates.
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
>
Table 8.--Chained(1996) Dollars, Disposable Personal Income and PCE
Percent Changes
----------------------------------------------------------------------------------
Real DPI | Real PCE | PCE Implicit
| | Price Deflator
|-----------------------------------------------------------------|
Previously Revised Previously Revised Previously Revised
published published published
----------------------------------------------------------------------------------
1998........ 4.8 5.4 4.7 4.8 1.1 1.1
1999........ 3.2 2.5 5.3 5.0 1.8 1.6
2000........ 2.8 3.5 5.3 4.8 2.4 2.7
1998:
January..... .6 .8 .2 .1 .0 .1
February.... .6 .7 .6 .8 .0 .0
March....... .6 .8 .5 .5 .0 .0
April....... .2 .3 .1 .1 .2 .1
May......... .4 .4 .9 1.0 .1 .1
June........ .3 .4 .5 .4 .0 .0
July........ .2 .2 .0 -.1 .2 .2
August...... .3 .3 .4 .4 .1 .1
September... .2 .2 .5 .5 .0 .0
October..... .2 .1 .3 .3 .2 .2
November.... .8 .3 .2 .3 .1 .1
December.... -.5 .0 .7 .7 .2 .1
1999:
January..... .4 .1 .1 -.1 .3 .2
February.... .4 .1 .6 .8 .0 .0
March....... .3 .2 .9 .8 .0 .0
April....... -.1 .0 .1 .4 .5 .5
May......... .2 .3 .2 -.1 .0 .0
June........ .8 .4 .8 .7 .0 .0
July........ -.2 .0 .2 .3 .2 .3
August...... .6 .5 .6 .4 .2 .2
September... -.6 -.6 .2 .1 .3 .4
October..... 1.2 .7 .5 .5 .2 .2
November.... .3 .3 .5 .4 .1 .1
December.... -.1 .3 1.0 1.2 .2 .2
2000:
January..... .4 .3 .5 -.1 .3 .4
February.... -.1 .0 .7 .7 .5 .4
March....... .3 .4 .1 .5 .4 .5
April....... .4 .7 .2 .1 .0 .0
May......... .4 .6 .3 .3 .0 .0
June........ .1 .1 .2 .1 .3 .3
July........ .0 .1 .4 .4 .3 .3
August...... .3 .3 .5 .4 -.1 .0
September... .8 .1 .5 .6 .2 .4
October..... -.5 .5 .0 .0 .2 .1
November.... .0 .3 .1 .2 .1 .1
December.... .3 .5 .2 .3 .1 .1
2001:
January..... .0 -.1 .5 .3 .5 .6
February.... .4 .2 .1 .0 .2 .2
March....... .4 .5 .2 .3 .0 .0
April....... .0 .1 .3 .2 .2 .2
May......... .1 .1 .2 .2 .1 .1
June........ ... .1 ... .2 ... .2
----------------------------------------------------------------------------------
Month-to-month changes are at monthly rates.
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
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