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James E. Rankin: (202) 606-5301 (Personal Income) BEA 02-24
Greg Key: 606-5302 (Personal Outlays)
Recorded message: 606-5303
Kurt Kunze: 606-9748 (Annual Revision)
PERSONAL INCOME AND OUTLAYS: JUNE 2002
REVISED ESTIMATES: 1999 THROUGH MAY 2002
Personal income increased $57.0 billion, or 0.6 percent, and disposable personal income (DPI)
increased $55.0 billion, or 0.7 percent, in June, according to the Bureau of Economic Analysis.
Personal consumption expenditures (PCE) increased $35.6 billion, or 0.5 percent. In May, personal
income increased $39.4 billion, or 0.4 percent, DPI increased $40.9 billion, or 0.5 percent, and PCE
decreased $2.3 billion, or less than 0.1 percent, based on revised estimates.
2002
Feb. Mar. Apr. May June
(Percent change from preceding month)
Personal income, current dollars 0.5 0.3 0.4 0.4 0.6
Disposable personal income:
Current dollars 0.6 0.4 0.5 0.5 0.7
Chained (1996) dollars 0.4 0.1 0.1 0.6 0.6
Personal consumption expenditures:
Current dollars 0.8 0.3 0.5 0.0 0.5
Chained (1996) dollars 0.6 0.0 0.1 0.0 0.4
The estimates released today reflect revisions in the national income and product accounts
beginning with January 1999. Revisions are usually made each July to incorporate source data that
are more complete, more detailed, and otherwise more consistent 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 2002 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 at <www.bea.gov>.
Wages and salaries
Private wage and salary disbursements increased $29.6 billion in June, compared with an
increase of $16.9 billion in May. Goods-producing industries' payrolls increased $4.5 billion,
compared with an increase of $1.0 billion; manufacturing payrolls increased $2.7 billion, compared
with an increase of $1.6 billion. Distributive industries' payrolls increased $5.1 billion, compared
with an increase of $6.3 billion. Service industries' payrolls increased $20.1 billion, compared with
an increase of $9.6 billion. Government wage and salary disbursements increased $2.8 billion,
compared with an increase of $2.4 billion.
Other personal income
Proprietors' income decreased less than $0.1 billion in June, compared with a decrease of $4.1
billion in May. Farm proprietors' income decreased $1.5 billion, compared with a decrease of $8.3
billion. Nonfarm proprietors' income increased $1.5 billion, compared with an increase of $4.2
billion.
Transfer payments increased $6.2 billion in June, compared with an increase of $5.3 billion in
May. Personal interest income increased $8.0 billion, compared with an increase of $8.1 billion.
Personal dividend income increased $2.4 billion, compared with an increase of $2.3 billion. Rental
income of persons increased $5.8 billion in June, the same increase as in May.
Personal contributions for social insurance -- a subtraction in calculating personal income --
increased $2.3 billion in June, compared with an increase of $1.4 billion in May.
Personal taxes and disposable personal income
Personal tax and nontax payments increased $2.0 billion in June, in contrast to a decrease of
$1.5 billion in May. Disposable personal income (DPI) -- personal income less personal tax and
nontax payments -- increased $55.0 billion, or 0.7 percent, in June, compared with an increase of
$40.9 billion, or 0.5 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 $40.3 billion in June, compared with an increase of $2.5 billion in May.
PCE increased $35.6 billion, in contrast to a decrease of $2.3 billion.
Personal saving -- DPI less personal outlays -- was $330.5 billion in June, compared with
$315.8 billion in May. Personal saving as a percentage of disposable personal income was 4.2
percent in June, compared with 4.1 percent in May.
Real DPI and real PCE
Real DPI -- DPI adjusted to remove price changes -- increased 0.6 percent in June, the same
increase as in May.
Real PCE -- PCE adjusted to remove price changes -- increased 0.4 percent in June, in contrast
to a decrease of less than 0.1 percent in May. Purchases of durable goods increased 1.9 percent, in
contrast to a decrease of 2.6 percent. Purchases of motor vehicles and parts accounted for most of
the increase in June and most of the decrease in May. Purchases of nondurable goods increased 0.3
percent in June, compared with an increase of 0.1 percent in May. Purchases of services increased
0.2 percent, compared with an increase of 0.5 percent.
Revision of the Personal Income and Outlays Estimates
Personal income, personal outlays, DPI, and personal saving are revised beginning with January
1999 to reflect the results of the annual revision in the national income and product accounts (NIPA's)
released this week. The NIPA's usually are revised each July to incorporate newly available and more
comprehensive source data, as well as improved estimating methodologies.
Annual revisions to the estimates of personal income and outlays, which begin with 1999, are
shown in table 12. Revised and previously published monthly estimates of personal income, DPI, PCE,
personal saving as a percentage of DPI, real DPI, real PCE, and the PCE implicit price deflator are
shown in table 13; revised and previously published annual and quarterly estimates are shown in table
14.
Personal income was revised up $9.2 billion for 1999, was revised up $87.4 billion for 2000, and
was revised down $38.2 billion for 2001. For 1999, upward revisions to personal interest income and to
nonfarm proprietors' income were partly offset by a downward revision to personal dividend income.
For 2000, upward revisions to personal interest income, to other labor income, to nonfarm proprietors'
income, and to rental income of persons were partly offset by a downward revision to farm proprietors'
income. For 2001, downward revisions to wage and salary disbursements, to proprietors' income, to
personal dividend income, and to rental income of persons were partly offset by upward revisions to
personal interest income, to transfer payments to persons, and to other labor income. The large
downward revision to wage and salary disbursements for 2001 reflected the incorporation of newly
available Bureau of Labor Statistics tabulations of wages and salaries of employees covered by state
unemployment insurance.
Personal tax and nontax payments was revised down for all 3 years: $0.1 billion for 1999, $1.8
billion for 2000, and $14.1 billion for 2001. DPI was revised up $9.4 billion for 1999, was revised up
$89.2 billion for 2000, and was revised down $24.1 billion for 2001. The percent change from the
preceding year in real DPI was revised up from 2.5 percent to 2.6 percent for 1999, was revised up from
3.5 percent to 4.8 percent for 2000, and was revised down from 3.6 percent to 1.8 percent for 2001.
Personal outlays was revised down for all 3 years: $3.9 billion for 1999, $44.7 billion for 2000,
and $75.4 billion for 2001. Downward revisions to PCE accounted for most of the revisions to personal
outlays.
Personal saving as a percentage of DPI was revised up from 2.4 percent to 2.6 percent for 1999,
was revised up from 1.0 percent to 2.8 percent for 2000, and was revised up from 1.6 percent to 2.3
percent for 2001.
New Methodology and Revision Schedule for Wages and Salaries
A new revision schedule for wages and salaries and related income-side components will
permit the incorporation of the most recently available wage and salary tabulations of employees
covered by state unemployment insurance from the Bureau of Labor Statistics (BLS). When final
estimates of GDP for the current quarter are released (in September, December, March, and June),
BLS wage and salary tabulations of employees covered by state unemployment insurance are
available for the previous quarter. Therefore, for these releases, BEA will usually publish revised
estimates for wages and salaries and affected income-side aggregates for the current quarter, the
previous quarter, and the associated months. (The revision schedule will be contingent upon the
availability of source data and may be adjusted for annual and comprehensive revisions.) GDP
and its components will continue to be revised only for the current quarter.
Underlying this change is an improved method for estimating quarterly wages and salaries
that incorporates the seasonally adjusted quarterly BLS tabulations of wages and salaries of
employees covered by state unemployment insurance. Previously, only the annual estimates
reflected data from this source; the monthly and quarterly estimates of wages and salaries were
based on employment, hours, and average hourly earnings from the establishment survey of the
BLS current employment statistics, which is a less comprehensive data source. Preliminary
monthly estimates will continue to be based on employment, hours, and average earnings from the
BLS current employment statistics survey.
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.gov>
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, 2002, at 8:30 A.M. EDT.
Table 1.--Personal Income and Its Disposition (Months)
[Billions of dollars; months seasonally adjusted at annual rates]
------------------------------------------------------------------------------------------------------------------------------------------------------------
Dec 98 Jan 99 Feb 99 Mar 99 Apr 99 May 99 Jun 99 Jul 99 Aug 99 Sep 99 Oct 99 Nov 99 Dec 99 Jan 00 Feb 00
------------------------------------------------------------------------------------------------------------------------------------------------------------
Personal income..................... 7,597.2 7,637.2 7,655.8 7,674.6 7,691.7 7,721.5 7,753.4 7,773.4 7,819.5 7,830.2 7,898.0 7,955.1 8,027.6 8,149.6 8,208.8
Wage and salary disbursements..... 4,321.5 4,368.0 4,397.8 4,403.7 4,409.2 4,430.6 4,440.8 4,463.8 4,489.7 4,509.2 4,539.3 4,571.7 4,621.5 4,728.2 4,756.9
Private industries.............. 3,615.0 3,657.0 3,683.7 3,688.9 3,692.0 3,712.0 3,718.8 3,739.1 3,762.0 3,778.4 3,805.6 3,835.0 3,882.8 3,975.9 4,001.6
Goods-producing industries.... 1,062.6 1,068.8 1,075.9 1,076.8 1,074.6 1,079.2 1,080.8 1,088.4 1,090.6 1,098.5 1,099.2 1,108.5 1,121.9 1,159.3 1,167.9
Manufacturing............... 765.7 770.7 773.4 775.1 771.6 776.2 776.7 783.3 785.5 789.9 786.4 792.0 802.9 834.0 842.0
Distributive industries....... 978.7 992.6 1,003.6 1,002.9 1,006.2 1,010.2 1,013.3 1,017.2 1,025.9 1,026.2 1,040.4 1,047.7 1,062.9 1,073.3 1,075.4
Service industries............ 1,573.7 1,595.6 1,604.3 1,609.3 1,611.2 1,622.6 1,624.6 1,633.5 1,645.5 1,653.7 1,665.9 1,678.8 1,697.9 1,743.4 1,758.2
Government...................... 706.6 711.0 714.1 714.8 717.2 718.6 722.0 724.7 727.7 730.8 733.7 736.7 738.8 752.2 755.3
Other labor income................ 499.3 501.4 502.7 503.8 505.6 507.2 509.0 510.7 512.6 514.6 516.2 518.2 520.6 527.1 530.6
Proprietors' income with
inventory valuation and capital
consumption adjustments.......... 649.6 655.2 658.0 664.6 671.4 670.1 681.1 680.5 687.4 680.3 689.0 699.5 703.7 694.4 699.4
Farm............................ 28.2 29.6 30.2 30.5 30.3 29.8 28.9 26.5 25.6 25.1 25.9 25.5 24.8 22.5 22.1
Nonfarm......................... 621.4 625.6 627.8 634.1 641.0 640.2 652.3 654.0 661.8 655.2 663.1 674.1 678.9 671.9 677.3
Rental income of persons with
capital consumption adjustment... 147.2 148.5 148.9 149.3 149.5 149.9 150.2 150.3 150.5 136.7 151.3 152.3 152.3 152.3 151.6
Personal dividend income.......... 345.5 336.3 331.3 327.5 324.8 323.1 322.2 322.5 323.7 325.8 328.8 332.8 337.8 344.1 350.9
Personal interest income.......... 966.8 954.3 944.4 947.6 954.0 960.8 967.6 965.9 971.0 977.6 986.5 995.5 1,005.5 1,015.9 1,028.2
Transfer payments to persons...... 990.9 1,004.4 1,005.8 1,011.7 1,011.2 1,015.1 1,018.3 1,017.0 1,023.4 1,025.8 1,028.5 1,028.2 1,032.2 1,041.2 1,045.6
Old-age, survivors, disability,
and health insurance benefits.. 578.2 583.8 584.0 585.6 586.4 586.4 587.2 587.8 589.2 590.0 592.3 590.0 593.5 600.0 602.1
Government unemployment
insurance benefits............. 20.0 20.3 20.2 20.9 19.5 21.1 21.2 18.8 20.9 20.4 20.0 20.6 19.5 20.4 20.8
Other........................... 392.8 400.4 401.6 405.2 405.3 407.6 409.9 410.4 413.4 415.5 416.2 417.7 419.2 420.8 422.7
Less: Personal contributions for
social insurance................. 323.7 330.8 333.0 333.5 333.9 335.4 335.9 337.3 338.8 339.8 341.6 343.2 345.9 353.4 354.5
Less: Personal tax and nontax
payments........................... 1,118.5 1,117.7 1,129.4 1,129.6 1,130.9 1,142.9 1,152.3 1,162.6 1,158.1 1,180.8 1,189.3 1,200.3 1,215.8 1,244.8 1,258.2
Equals: Disposable personal income.. 6,478.7 6,519.5 6,526.4 6,545.0 6,560.8 6,578.6 6,601.1 6,610.7 6,661.4 6,649.4 6,708.6 6,754.8 6,811.9 6,904.8 6,950.6
Less: Personal outlays.............. 6,226.7 6,235.3 6,275.1 6,318.8 6,380.1 6,388.0 6,432.8 6,469.5 6,508.6 6,543.4 6,582.3 6,602.1 6,703.9 6,708.1 6,782.5
Personal consumption expenditures. 6,027.1 6,035.9 6,075.5 6,118.3 6,176.5 6,183.3 6,227.0 6,263.3 6,301.0 6,334.1 6,369.9 6,387.2 6,486.3 6,487.0 6,558.7
Durable goods................... 738.5 709.7 731.9 744.5 754.5 735.4 759.7 761.1 765.2 769.0 771.2 770.7 797.6 803.9 814.5
Nondurable goods................ 1,755.5 1,763.0 1,776.1 1,780.2 1,807.8 1,816.7 1,818.8 1,824.6 1,841.2 1,858.0 1,871.7 1,876.3 1,927.2 1,892.2 1,924.9
Services........................ 3,533.1 3,563.2 3,567.5 3,593.6 3,614.2 3,631.2 3,648.5 3,677.7 3,694.6 3,707.0 3,727.0 3,740.2 3,761.5 3,790.9 3,819.3
Interest paid by persons.......... 173.7 173.0 173.3 174.2 176.4 177.6 178.6 178.7 180.0 181.7 184.2 186.7 189.4 193.0 195.7
Personal transfer payments to the
rest of the world (net).......... 25.8 26.3 26.3 26.3 27.2 27.2 27.2 27.6 27.6 27.6 28.2 28.2 28.2 28.2 28.2
Equals: Personal saving............. 252.1 284.3 251.3 226.2 180.7 190.6 168.4 141.2 152.8 106.0 126.3 152.8 108.0 196.7 168.1
Addenda:
Disposable personal income:
Total, billions of chained
(1996) dollars\1\.............. 6,252.9 6,276.7 6,286.3 6,302.1 6,285.7 6,299.3 6,318.2 6,312.5 6,347.4 6,314.9 6,359.8 6,399.0 6,439.2 6,508.5 6,527.7
Per capita:
Current dollars............... 23,349 23,477 23,484 23,532 23,568 23,609 23,665 23,673 23,828 23,759 23,945 24,086 24,266 24,575 24,718
Chained (1996) dollars........ 22,535 22,603 22,621 22,659 22,579 22,606 22,651 22,605 22,705 22,563 22,700 22,817 22,939 23,165 23,214
Population (thousands)\2\....... 277,470 277,694 277,905 278,132 278,383 278,651 278,939 279,248 279,565 279,874 280,174 280,450 280,714 280,963 281,197
Personal saving as a percentage
of disposable personal income.... 3.9 4.4 3.9 3.5 2.8 2.9 2.6 2.1 2.3 1.6 1.9 2.3 1.6 2.8 2.4
------------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at the end of the table.
Table 1.--Personal Income and Its Disposition (Months)--Continued
[Billions of dollars; months seasonally adjusted at annual rates]
----------------------------------------------------------------------------------------------------------------------------------------------------
Mar 00 Apr 00 May 00 Jun 00 Jul 00 Aug 00 Sep 00 Oct 00 Nov 00 Dec 00 Jan 01 Feb 01 Mar 01 Apr 01
----------------------------------------------------------------------------------------------------------------------------------------------------
Personal income..................... 8,276.4 8,302.8 8,349.7 8,398.1 8,452.3 8,485.8 8,525.5 8,556.8 8,572.6 8,600.3 8,644.4 8,655.8 8,674.2 8,678.9
Wage and salary disbursements..... 4,787.1 4,784.8 4,777.9 4,809.8 4,867.2 4,872.1 4,898.5 4,910.9 4,918.5 4,923.9 4,952.5 4,960.6 4,968.1 4,967.1
Private industries.............. 4,026.1 4,020.1 4,005.5 4,038.9 4,095.7 4,100.3 4,124.8 4,135.7 4,140.9 4,143.1 4,163.2 4,164.0 4,168.2 4,164.3
Goods-producing industries.... 1,173.6 1,157.8 1,146.9 1,154.5 1,173.4 1,172.0 1,170.2 1,168.5 1,165.9 1,154.7 1,157.6 1,154.8 1,156.4 1,154.0
Manufacturing............... 841.1 826.5 817.6 823.6 839.6 835.6 832.2 826.8 822.5 811.5 811.1 806.7 803.9 804.2
Distributive industries....... 1,081.8 1,087.4 1,082.9 1,091.4 1,104.0 1,100.1 1,111.4 1,108.5 1,109.0 1,112.0 1,118.2 1,113.5 1,113.3 1,114.2
Service industries............ 1,770.7 1,774.9 1,775.8 1,793.0 1,818.3 1,828.2 1,843.2 1,858.7 1,866.0 1,876.5 1,887.5 1,895.7 1,898.4 1,896.1
Government...................... 761.0 764.7 772.4 770.9 771.5 771.9 773.7 775.2 777.6 780.8 789.3 796.5 799.9 802.7
Other labor income................ 533.9 536.9 540.1 543.1 545.9 548.7 551.7 554.6 557.4 560.1 563.3 564.9 565.9 566.8
Proprietors' income with
inventory valuation and capital
consumption adjustments.......... 713.7 712.7 718.5 725.2 714.9 723.0 717.8 717.9 720.0 720.1 719.7 719.1 724.7 723.7
Farm............................ 22.4 25.0 25.3 24.8 22.4 21.6 21.1 21.6 21.3 20.8 19.8 19.2 18.8 18.4
Nonfarm......................... 691.3 687.7 693.2 700.4 692.5 701.4 696.7 696.2 698.7 699.3 699.9 699.9 705.9 705.2
Rental income of persons with
capital consumption adjustment... 150.5 147.9 146.6 145.7 145.4 144.8 144.3 144.7 143.7 142.1 138.6 136.9 135.5 133.9
Personal dividend income.......... 357.3 363.4 369.3 375.2 380.8 385.9 390.5 394.4 397.4 399.8 401.2 402.5 403.8 404.9
Personal interest income.......... 1,042.0 1,059.9 1,075.2 1,087.8 1,088.5 1,094.7 1,100.5 1,107.6 1,110.9 1,112.2 1,110.4 1,108.8 1,106.1 1,100.9
Transfer payments to persons...... 1,047.6 1,052.6 1,076.4 1,067.5 1,069.4 1,076.6 1,083.8 1,089.1 1,087.7 1,105.8 1,128.7 1,134.2 1,142.1 1,154.1
Old-age, survivors, disability,
and health insurance benefits.. 604.7 607.0 627.9 618.2 617.0 621.1 625.6 624.3 623.6 635.1 648.3 653.1 657.3 659.0
Government unemployment
insurance benefits............. 19.0 20.0 20.0 19.2 20.1 19.9 20.8 22.1 21.3 22.7 26.4 23.6 22.8 29.7
Other........................... 423.9 425.6 428.5 430.1 432.3 435.6 437.4 442.7 442.9 448.0 454.1 457.5 462.0 465.4
Less: Personal contributions for
social insurance................. 355.8 355.4 354.3 356.2 359.8 360.1 361.8 362.4 363.1 363.7 370.2 371.2 372.1 372.5
Less: Personal tax and nontax
payments........................... 1,265.8 1,268.1 1,269.3 1,281.5 1,289.3 1,300.6 1,309.0 1,312.2 1,316.6 1,321.4 1,337.8 1,340.4 1,343.5 1,337.8
Equals: Disposable personal income.. 7,010.6 7,034.7 7,080.4 7,116.6 7,162.9 7,185.2 7,216.5 7,244.6 7,256.0 7,278.9 7,306.6 7,315.4 7,330.7 7,341.1
Less: Personal outlays.............. 6,837.1 6,840.2 6,864.3 6,904.7 6,936.1 6,958.3 7,035.7 7,032.8 7,038.2 7,085.3 7,143.0 7,148.2 7,140.5 7,169.8
Personal consumption expenditures. 6,610.9 6,611.7 6,633.3 6,671.2 6,697.5 6,717.5 6,793.3 6,788.4 6,793.8 6,841.7 6,901.8 6,909.1 6,903.1 6,931.8
Durable goods................... 806.8 802.5 800.1 795.4 797.9 804.0 829.9 803.1 793.0 795.5 812.9 821.5 816.0 813.9
Nondurable goods................ 1,963.6 1,958.1 1,958.5 1,978.0 1,983.9 1,976.6 2,006.2 2,009.1 2,005.7 2,018.4 2,042.4 2,033.9 2,018.3 2,036.3
Services........................ 3,840.5 3,851.1 3,874.8 3,897.7 3,915.7 3,936.9 3,957.3 3,976.3 3,995.0 4,027.7 4,046.5 4,053.7 4,068.8 4,081.6
Interest paid by persons.......... 198.1 199.6 202.0 204.6 208.7 210.9 212.4 213.4 213.5 212.7 210.3 208.1 206.5 207.0
Personal transfer payments to the
rest of the world (net).......... 28.2 29.0 29.0 29.0 30.0 30.0 30.0 30.9 30.9 30.9 30.9 30.9 30.9 30.9
Equals: Personal saving............. 173.5 194.5 216.2 211.9 226.8 226.9 180.8 211.8 217.8 193.6 163.6 167.2 190.2 171.4
Addenda:
Disposable personal income:
Total, billions of chained
(1996) dollars\1\.............. 6,555.0 6,575.2 6,616.9 6,630.8 6,661.9 6,683.0 6,685.5 6,700.9 6,702.8 6,715.0 6,703.7 6,698.4 6,710.7 6,708.8
Per capita:
Current dollars............... 24,909 24,971 25,109 25,211 25,347 25,396 25,478 25,546 25,563 25,623 25,697 25,706 25,736 25,747
Chained (1996) dollars........ 23,290 23,340 23,465 23,490 23,574 23,621 23,603 23,629 23,614 23,638 23,577 23,538 23,560 23,529
Population (thousands)\2\....... 281,446 281,712 281,988 282,281 282,598 282,926 283,243 283,590 283,847 284,076 284,332 284,575 284,840 285,130
Personal saving as a percentage
of disposable personal income.... 2.5 2.8 3.1 3.0 3.2 3.2 2.5 2.9 3.0 2.7 2.2 2.3 2.6 2.3
----------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at the end of the table.
Table 1.--Personal Income and Its Disposition (Months)--Continued
[Billions of dollars; months seasonally adjusted at annual rates]
----------------------------------------------------------------------------------------------------------------------------------------------------
May 01 Jun 01 Jul 01 Aug 01 Sep 01 Oct 01 Nov 01 Dec 01 Jan 02 Feb 02 Mar 02 Apr 02 May 02 Jun 02/p/
----------------------------------------------------------------------------------------------------------------------------------------------------
Personal income..................... 8,668.3 8,681.3 8,710.1 8,701.0 8,707.5 8,685.2 8,686.7 8,730.9 8,774.9 8,815.6 8,840.8 8,876.2 8,915.6 8,972.6
Wage and salary disbursements..... 4,949.6 4,953.9 4,962.9 4,952.3 4,946.1 4,923.5 4,922.3 4,948.6 4,949.6 4,965.8 4,980.3 4,977.6 4,996.9 5,029.4
Private industries.............. 4,144.1 4,144.7 4,149.2 4,136.1 4,124.6 4,100.2 4,097.6 4,120.8 4,113.4 4,124.9 4,136.2 4,132.0 4,148.9 4,178.5
Goods-producing industries.... 1,149.8 1,146.2 1,144.0 1,139.9 1,136.2 1,125.0 1,121.7 1,123.0 1,121.0 1,122.3 1,123.2 1,120.2 1,121.2 1,125.7
Manufacturing............... 796.2 791.0 788.1 782.9 779.1 772.9 768.6 768.2 765.1 766.1 766.3 765.3 766.9 769.6
Distributive industries....... 1,109.4 1,113.2 1,117.3 1,112.0 1,103.1 1,097.3 1,096.1 1,102.4 1,100.7 1,105.4 1,111.5 1,107.6 1,113.9 1,119.0
Service industries............ 1,885.0 1,885.3 1,887.8 1,884.2 1,885.4 1,877.8 1,879.8 1,895.4 1,891.6 1,897.2 1,901.5 1,904.2 1,913.8 1,933.9
Government...................... 805.5 809.2 813.7 816.2 821.5 823.3 824.6 827.8 836.3 840.9 844.1 845.6 848.0 850.8
Other labor income................ 568.1 569.8 571.0 572.3 573.8 574.7 576.2 577.9 586.1 590.7 595.5 599.4 603.5 607.9
Proprietors' income with
inventory valuation and capital
consumption adjustments.......... 726.9 729.1 729.3 732.1 735.9 727.8 729.4 736.8 743.3 750.0 751.9 752.9 748.8 748.8
Farm............................ 18.3 18.4 19.1 19.3 19.4 19.1 19.2 19.4 20.8 21.8 22.5 14.6 6.3 4.8
Nonfarm......................... 708.6 710.7 710.2 712.8 716.4 708.7 710.2 717.4 722.4 728.2 729.4 738.3 742.5 744.0
Rental income of persons with
capital consumption adjustment... 133.9 135.1 137.8 141.1 143.5 141.0 139.6 137.3 139.4 141.3 143.2 148.8 154.6 160.4
Personal dividend income.......... 406.0 407.2 408.8 411.0 413.1 415.1 417.2 419.6 421.8 423.8 425.5 428.0 430.3 432.7
Personal interest income.......... 1,097.2 1,093.6 1,090.4 1,086.5 1,082.3 1,074.7 1,072.2 1,071.9 1,070.9 1,069.9 1,069.0 1,077.1 1,085.2 1,093.2
Transfer payments to persons...... 1,158.3 1,165.0 1,183.1 1,178.7 1,185.7 1,200.3 1,201.9 1,212.9 1,243.5 1,255.0 1,257.6 1,274.5 1,279.8 1,286.0
Old-age, survivors, disability,
and health insurance benefits.. 660.5 661.0 672.7 668.2 669.3 670.3 673.5 678.2 688.7 693.2 688.6 695.1 696.3 697.5
Government unemployment
insurance benefits............. 28.8 29.2 33.3 31.2 34.9 41.8 39.0 42.3 48.1 52.6 56.2 63.1 65.1 67.1
Other........................... 469.0 474.7 477.1 479.3 481.6 488.2 489.4 492.4 506.7 509.1 512.8 516.2 518.5 521.4
Less: Personal contributions for
social insurance................. 371.7 372.3 373.3 373.0 372.9 371.9 372.1 374.0 379.8 381.0 382.1 382.1 383.5 385.8
Less: Personal tax and nontax
payments........................... 1,334.1 1,336.5 1,248.2 1,106.7 1,190.9 1,312.7 1,304.5 1,312.0 1,145.7 1,141.8 1,138.8 1,132.0 1,130.5 1,132.5
Equals: Disposable personal income.. 7,334.2 7,344.8 7,461.8 7,594.3 7,516.6 7,372.4 7,382.2 7,418.9 7,629.2 7,673.7 7,702.0 7,744.2 7,785.1 7,840.1
Less: Personal outlays.............. 7,205.3 7,220.4 7,237.2 7,256.2 7,172.6 7,346.9 7,316.9 7,325.1 7,355.7 7,408.9 7,424.3 7,466.8 7,469.3 7,509.6
Personal consumption expenditures. 6,966.7 6,981.0 6,997.6 7,017.8 6,935.8 7,114.5 7,087.4 7,097.9 7,130.6 7,186.8 7,205.3 7,242.9 7,240.6 7,276.2
Durable goods................... 816.8 830.3 830.2 832.6 809.2 913.2 878.4 856.2 853.6 863.5 859.8 868.5 845.7 859.3
Nondurable goods................ 2,051.3 2,046.8 2,045.9 2,043.2 2,043.9 2,046.4 2,036.1 2,050.7 2,074.1 2,089.1 2,092.1 2,110.0 2,099.1 2,107.6
Services........................ 4,098.6 4,104.0 4,121.5 4,142.0 4,082.8 4,154.9 4,172.8 4,191.0 4,202.8 4,234.2 4,253.4 4,264.3 4,295.9 4,309.3
Interest paid by persons.......... 207.8 208.4 207.8 206.7 204.9 201.8 198.9 196.7 193.7 190.6 187.6 192.3 197.1 201.8
Personal transfer payments to the
rest of the world (net).......... 30.9 30.9 31.8 31.8 31.8 30.6 30.6 30.6 31.5 31.5 31.5 31.7 31.7 31.7
Equals: Personal saving............. 128.9 124.4 224.6 338.0 344.0 25.5 65.3 93.8 273.5 264.8 277.7 277.3 315.8 330.5
Addenda:
Disposable personal income:
Total, billions of chained
(1996) dollars\1\.............. 6,686.5 6,689.1 6,796.5 6,917.5 6,878.2 6,706.9 6,718.7 6,761.9 6,941.0 6,968.1 6,978.1 6,986.6 7,027.4 7,071.0
Per capita:
Current dollars............... 25,697 25,707 26,087 26,520 26,219 25,688 25,697 25,801 26,509 26,641 26,714 26,833 26,948 27,110
Chained (1996) dollars........ 23,427 23,412 23,761 24,156 23,992 23,369 23,388 23,516 24,118 24,191 24,203 24,208 24,325 24,451
Population (thousands)\2\....... 285,414 285,710 286,032 286,362 286,687 286,999 287,277 287,539 287,798 288,044 288,312 288,605 288,893 289,192
Personal saving as a percentage
of disposable personal income.... 1.8 1.7 3.0 4.5 4.6 .3 .9 1.3 3.6 3.5 3.6 3.6 4.1 4.2
----------------------------------------------------------------------------------------------------------------------------------------------------
p Preliminary.
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 quarterly and the annual estimates are averages of the
monthly estimates. Estimates for January 1991 through June 2000 are
interpolations between Census Bureau population estimates for 1990 and for
2000; estimates for July 2000 forward are BEA extrapolations. BEA will
substiture monthly Census Bureau population estimates for 1991 forward when
they are released.
Table 2.--Personal Income and Its Disposition (Years and Quarters)
[Billions of dollars; quarters seasonally adjusted at annual rates]
--------------------------------------------------------------------------------------------------------------------
1998 1999 2000 2001 I 98 II 98 III 98 IV 98 I 99 II 99
--------------------------------------------------------------------------------------------------------------------
Personal income..................... 7,426.0 7,786.5 8,406.6 8,685.3 7,254.8 7,382.8 7,490.7 7,575.8 7,655.9 7,722.2
Wage and salary disbursements..... 4,192.8 4,470.4 4,836.3 4,950.6 4,085.8 4,156.5 4,228.4 4,300.5 4,389.8 4,426.9
Private industries.............. 3,500.1 3,746.3 4,067.4 4,139.8 3,404.9 3,467.9 3,531.6 3,596.0 3,676.5 3,707.6
Goods-producing industries.... 1,038.5 1,088.6 1,163.7 1,142.4 1,021.3 1,032.7 1,042.6 1,057.3 1,073.8 1,078.2
Manufacturing............... 756.6 782.0 829.4 789.4 749.4 754.9 757.6 764.3 773.1 774.8
Distributive industries....... 948.9 1,020.8 1,094.8 1,109.2 924.3 939.1 957.8 974.5 999.7 1,009.9
Service industries............ 1,512.7 1,636.9 1,808.9 1,888.2 1,459.3 1,496.1 1,531.2 1,564.1 1,603.0 1,619.5
Government...................... 692.7 724.2 768.9 810.8 680.9 688.6 696.8 704.6 713.3 719.3
Other labor income................ 490.6 510.2 544.2 570.4 483.3 488.2 493.2 497.7 502.6 507.3
Proprietors' income with
inventory valuation and capital
consumption adjustments.......... 623.8 678.4 714.8 727.9 606.9 617.6 627.0 643.8 659.3 674.2
Farm............................ 25.6 27.7 22.6 19.0 24.1 24.9 25.4 27.9 30.1 29.7
Nonfarm......................... 598.2 650.7 692.2 708.8 582.9 592.6 601.6 615.8 629.2 644.5
Rental income of persons with
capital consumption adjustment... 138.6 149.1 146.6 137.9 127.7 136.1 144.2 146.5 148.9 149.9
Personal dividend income.......... 348.3 328.0 375.7 409.2 349.0 350.1 347.9 346.3 331.7 323.4
Personal interest income.......... 964.4 969.2 1,077.0 1,091.3 933.5 967.5 982.6 974.2 948.8 960.8
Transfer payments to persons...... 983.7 1,018.5 1,070.3 1,170.4 979.1 981.0 985.7 989.1 1,007.3 1,014.8
Old-age, survivors, disability,
and health insurance benefits.. 578.1 588.0 617.2 664.3 577.5 577.9 579.1 577.8 584.4 586.6
Government unemployment
insurance benefits............. 19.5 20.3 20.5 31.9 19.1 19.0 20.0 19.8 20.5 20.6
Other........................... 386.1 410.2 432.5 474.2 380.9 383.4 386.2 391.2 402.4 407.6
Less: Personal contributions for
social insurance................. 316.3 337.4 358.4 372.3 310.3 314.2 318.3 322.4 332.4 335.1
Less: Personal tax and nontax
payments........................... 1,070.4 1,159.1 1,286.4 1,292.1 1,034.0 1,055.4 1,083.7 1,108.5 1,125.5 1,142.0
Equals: Disposable personal income.. 6,355.6 6,627.4 7,120.2 7,393.2 6,220.8 6,327.4 6,407.0 6,467.3 6,530.3 6,580.2
Less: Personal outlays.............. 6,054.1 6,453.3 6,918.6 7,223.5 5,912.9 6,018.2 6,095.6 6,189.7 6,276.4 6,400.3
Personal consumption expenditures. 5,856.0 6,246.5 6,683.7 6,987.0 5,719.9 5,820.0 5,895.1 5,989.1 6,076.6 6,195.6
Durable goods................... 693.2 755.9 803.9 835.9 666.8 689.3 691.7 725.1 728.7 749.9
Nondurable goods................ 1,708.5 1,830.1 1,972.9 2,041.3 1,675.8 1,697.2 1,716.7 1,744.4 1,773.1 1,814.4
Services........................ 3,454.3 3,660.5 3,906.9 4,109.9 3,377.3 3,433.5 3,486.7 3,519.6 3,574.8 3,631.3
Interest paid by persons.......... 173.7 179.5 205.4 205.4 170.1 173.9 176.2 174.7 173.5 177.5
Personal transfer payments to the
rest of the world (net).......... 24.3 27.3 29.5 31.1 22.9 24.3 24.2 25.8 26.3 27.2
Equals: Personal saving............. 301.5 174.0 201.5 169.7 307.9 309.1 311.4 277.6 253.9 179.9
Addenda:
Disposable personal income:
Total, billions of chained
(1996) dollars\1\.............. 6,168.6 6,328.4 6,630.3 6,748.0 6,064.5 6,153.6 6,209.9 6,246.6 6,288.4 6,301.0
Per capita:
Current dollars............... 23,031 23,742 25,205 25,859 22,642 22,967 23,183 23,329 23,498 23,614
Chained (1996) dollars........ 22,354 22,671 23,471 23,602 22,073 22,337 22,470 22,533 22,628 22,612
Population (thousands)\2\....... 275,955 279,144 282,489 285,908 274,745 275,493 276,367 277,217 277,910 278,657
Personal saving as a percentage
of disposable personal income.... 4.7 2.6 2.8 2.3 4.9 4.9 4.9 4.3 3.9 2.7
--------------------------------------------------------------------------------------------------------------------
See footnotes at the end of the table.
Table 2.--Personal Income and Its Disposition (Years and Quarters)--Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]
------------------------------------------------------------------------------------------------------------------------------------
III 99 IV 99 I 00 II 00 III 00 IV 00 I 01 II 01 III 01 IV 01 I 02 II 02
------------------------------------------------------------------------------------------------------------------------------------
Personal income..................... 7,807.7 7,960.2 8,211.6 8,350.2 8,487.8 8,576.6 8,658.1 8,676.2 8,706.2 8,700.9 8,810.4 8,921.5
Wage and salary disbursements..... 4,487.6 4,577.5 4,757.4 4,790.8 4,879.3 4,917.8 4,960.4 4,956.8 4,953.7 4,931.4 4,965.2 5,001.3
Private industries.............. 3,759.8 3,841.1 4,001.2 4,021.5 4,106.9 4,139.9 4,165.2 4,151.0 4,136.6 4,106.2 4,124.8 4,153.1
Goods-producing industries.... 1,092.5 1,109.9 1,166.9 1,153.1 1,171.8 1,163.0 1,156.3 1,150.0 1,140.0 1,123.3 1,122.2 1,122.4
Manufacturing............... 786.3 793.8 839.0 822.6 835.8 820.3 807.2 797.1 783.4 769.9 765.8 767.2
Distributive industries....... 1,023.1 1,050.4 1,076.8 1,087.2 1,105.2 1,109.8 1,115.0 1,112.3 1,110.8 1,098.6 1,105.9 1,113.5
Service industries............ 1,644.2 1,680.9 1,757.4 1,781.2 1,829.9 1,867.0 1,893.9 1,888.8 1,885.8 1,884.3 1,896.8 1,917.3
Government...................... 727.7 736.4 756.2 769.3 772.4 777.9 795.2 805.8 817.1 825.2 840.4 848.2
Other labor income................ 512.6 518.3 530.5 540.0 548.7 557.4 564.7 568.2 572.4 576.3 590.8 603.6
Proprietors' income with
inventory valuation and capital
consumption adjustments.......... 682.7 697.4 702.5 718.8 718.6 719.3 721.2 726.6 732.4 731.3 748.4 750.2
Farm............................ 25.7 25.4 22.3 25.0 21.7 21.2 19.3 18.4 19.3 19.2 21.7 8.6
Nonfarm......................... 657.0 672.0 680.2 693.8 696.9 698.1 701.9 708.2 713.1 712.1 726.7 741.6
Rental income of persons with
capital consumption adjustment... 145.8 152.0 151.4 146.7 144.9 143.5 137.0 134.3 140.8 139.3 141.3 154.6
Personal dividend income.......... 324.0 333.1 350.8 369.3 385.7 397.2 402.5 406.0 411.0 417.3 423.7 430.3
Personal interest income.......... 971.5 995.8 1,028.7 1,074.3 1,094.6 1,110.3 1,108.4 1,097.2 1,086.4 1,072.9 1,069.9 1,085.2
Transfer payments to persons...... 1,022.1 1,029.6 1,044.8 1,065.5 1,076.6 1,094.2 1,135.0 1,159.1 1,182.5 1,205.0 1,252.0 1,280.1
Old-age, survivors, disability,
and health insurance benefits.. 589.0 591.9 602.3 617.7 621.2 627.7 652.9 660.2 670.1 674.0 690.2 696.3
Government unemployment
insurance benefits............. 20.0 20.0 20.1 19.8 20.3 22.0 24.2 29.2 33.1 41.0 52.3 65.1
Other........................... 413.1 417.7 422.5 428.1 435.1 444.5 457.9 469.7 479.3 490.0 509.5 518.7
Less: Personal contributions for
social insurance................. 338.6 343.6 354.5 355.3 360.6 363.1 371.1 372.2 373.1 372.7 380.9 383.8
Less: Personal tax and nontax
payments........................... 1,167.2 1,201.8 1,256.3 1,273.0 1,299.6 1,316.7 1,340.6 1,336.1 1,181.9 1,309.7 1,142.1 1,131.7
Equals: Disposable personal income.. 6,640.5 6,758.4 6,955.3 7,077.2 7,188.2 7,259.8 7,317.5 7,340.0 7,524.2 7,391.2 7,668.3 7,789.8
Less: Personal outlays.............. 6,507.2 6,629.4 6,775.9 6,869.8 6,976.7 7,052.1 7,143.9 7,198.5 7,222.0 7,329.6 7,396.3 7,481.9
Personal consumption expenditures. 6,299.4 6,414.5 6,552.2 6,638.7 6,736.1 6,808.0 6,904.7 6,959.8 6,983.7 7,099.9 7,174.2 7,253.2
Durable goods................... 765.1 779.9 808.4 799.3 810.6 797.2 816.8 820.3 824.0 882.6 859.0 857.8
Nondurable goods................ 1,841.3 1,891.7 1,926.9 1,964.9 1,988.9 2,011.1 2,031.5 2,044.8 2,044.3 2,044.4 2,085.1 2,105.6
Services........................ 3,693.1 3,742.9 3,816.9 3,874.5 3,936.6 3,999.7 4,056.4 4,094.7 4,115.4 4,172.9 4,230.1 4,289.8
Interest paid by persons.......... 180.1 186.8 195.6 202.0 210.6 213.2 208.3 207.7 206.5 199.1 190.6 197.0
Personal transfer payments to the
rest of the world (net).......... 27.6 28.2 28.2 29.0 30.0 30.9 30.9 30.9 31.8 30.6 31.5 31.7
Equals: Personal saving............. 133.3 129.0 179.4 207.5 211.5 207.7 173.7 141.6 302.2 61.5 272.0 307.9
Addenda:
Disposable personal income:
Total, billions of chained
(1996) dollars\1\.............. 6,325.0 6,399.3 6,530.4 6,607.6 6,676.8 6,706.2 6,704.3 6,694.8 6,864.0 6,729.1 6,962.5 7,028.3
Per capita:
Current dollars............... 23,753 24,099 24,734 25,097 25,407 25,577 25,713 25,717 26,275 25,729 26,621 26,964
Chained (1996) dollars........ 22,625 22,818 23,223 23,432 23,599 23,627 23,558 23,456 23,970 23,424 24,171 24,328
Population (thousands)\2\....... 279,562 280,446 281,202 281,994 282,923 283,838 284,582 285,418 286,360 287,272 288,051 288,897
Personal saving as a percentage
of disposable personal income.... 2.0 1.9 2.6 2.9 2.9 2.9 2.4 1.9 4.0 .8 3.5 4.0
------------------------------------------------------------------------------------------------------------------------------------
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 quarterly and the annual estimates are averages of the
monthly estimates.
Table 3.--Personal Income and Its Disposition, Change from Preceding Period (Months)
[Billions of dollars; months seasonally adjusted at annual rates]
------------------------------------------------------------------------------------------------------------------------------------------------------------
Dec 98 Jan 99 Feb 99 Mar 99 Apr 99 May 99 Jun 99 Jul 99 Aug 99 Sep 99 Oct 99 Nov 99 Dec 99 Jan 00 Feb 00
------------------------------------------------------------------------------------------------------------------------------------------------------------
Personal income..................... 15.7 40.0 18.6 18.8 17.1 29.8 31.9 20.0 46.1 10.7 67.8 57.1 72.5 122.0 59.2
Wage and salary disbursements..... 16.2 46.5 29.8 5.9 5.5 21.4 10.2 23.0 25.9 19.5 30.1 32.4 49.8 106.7 28.7
Private industries.............. 14.3 42.0 26.7 5.2 3.1 20.0 6.8 20.3 22.9 16.4 27.2 29.4 47.8 93.1 25.7
Goods-producing industries.... 6.1 6.2 7.1 .9 -2.2 4.6 1.6 7.6 2.2 7.9 .7 9.3 13.4 37.4 8.6
Manufacturing............... 1.8 5.0 2.7 1.7 -3.5 4.6 .5 6.6 2.2 4.4 -3.5 5.6 10.9 31.1 8.0
Distributive industries....... 1.2 13.9 11.0 -.7 3.3 4.0 3.1 3.9 8.7 .3 14.2 7.3 15.2 10.4 2.1
Service industries............ 7.1 21.9 8.7 5.0 1.9 11.4 2.0 8.9 12.0 8.2 12.2 12.9 19.1 45.5 14.8
Government...................... 1.9 4.4 3.1 .7 2.4 1.4 3.4 2.7 3.0 3.1 2.9 3.0 2.1 13.4 3.1
Other labor income................ 1.6 2.1 1.3 1.1 1.8 1.6 1.8 1.7 1.9 2.0 1.6 2.0 2.4 6.5 3.5
Proprietors' income with
inventory valuation and capital
consumption adjustments.......... 6.3 5.6 2.8 6.6 6.8 -1.3 11.0 -.6 6.9 -7.1 8.7 10.5 4.2 -9.3 5.0
Farm............................ .2 1.4 .6 .3 -.2 -.5 -.9 -2.4 -.9 -.5 .8 -.4 -.7 -2.3 -.4
Nonfarm......................... 6.2 4.2 2.2 6.3 6.9 -.8 12.1 1.7 7.8 -6.6 7.9 11.0 4.8 -7.0 5.4
Rental income of persons with
capital consumption adjustment... .6 1.3 .4 .4 .2 .4 .3 .1 .2 -13.8 14.6 1.0 .0 .0 -.7
Personal dividend income.......... -.9 -9.2 -5.0 -3.8 -2.7 -1.7 -.9 .3 1.2 2.1 3.0 4.0 5.0 6.3 6.8
Personal interest income.......... -8.6 -12.5 -9.9 3.2 6.4 6.8 6.8 -1.7 5.1 6.6 8.9 9.0 10.0 10.4 12.3
Transfer payments to persons...... 1.3 13.5 1.4 5.9 -.5 3.9 3.2 -1.3 6.4 2.4 2.7 -.3 4.0 9.0 4.4
Old-age, survivors, disability,
and health insurance benefits.. .6 5.6 .2 1.6 .8 .0 .8 .6 1.4 .8 2.3 -2.3 3.5 6.5 2.1
Government unemployment
insurance benefits............. -.4 .3 -.1 .7 -1.4 1.6 .1 -2.4 2.1 -.5 -.4 .6 -1.1 .9 .4
Other............................ 1.2 7.6 1.2 3.6 .1 2.3 2.3 .5 3.0 2.1 .7 1.5 1.5 1.6 1.9
Less: Personal contributions for
social insurance................. 1.0 7.1 2.2 .5 .4 1.5 .5 1.4 1.5 1.0 1.8 1.6 2.7 7.5 1.1
Less: Personal tax and nontax
payments........................... 9.1 -.8 11.7 .2 1.3 12.0 9.4 10.3 -4.5 22.7 8.5 11.0 15.5 29.0 13.4
Equals: Disposable personal income.. 6.6 40.8 6.9 18.6 15.8 17.8 22.5 9.6 50.7 -12.0 59.2 46.2 57.1 92.9 45.8
Less: Personal outlays.............. 45.1 8.6 39.8 43.7 61.3 7.9 44.8 36.7 39.1 34.8 38.9 19.8 101.8 4.2 74.4
Personal consumption expenditures. 46.1 8.8 39.6 42.8 58.2 6.8 43.7 36.3 37.7 33.1 35.8 17.3 99.1 .7 71.7
Durable goods................... 19.8 -28.8 22.2 12.6 10.0 -19.1 24.3 1.4 4.1 3.8 2.2 -.5 26.9 6.3 10.6
Nondurable goods................ 11.5 7.5 13.1 4.1 27.6 8.9 2.1 5.8 16.6 16.8 13.7 4.6 50.9 -35.0 32.7
Services........................ 14.8 30.1 4.3 26.1 20.6 17.0 17.3 29.2 16.9 12.4 20.0 13.2 21.3 29.4 28.4
Interest paid by persons.......... -1.1 -.7 .3 .9 2.2 1.2 1.0 .1 1.3 1.7 2.5 2.5 2.7 3.6 2.7
Personal transfer payments to the
rest of the world (net).......... .0 .5 .0 .0 .9 .0 .0 .4 .0 .0 .6 .0 .0 .0 .0
Equals: Personal saving............. -38.4 32.2 -33.0 -25.1 -45.5 9.9 -22.2 -27.2 11.6 -46.8 20.3 26.5 -44.8 88.7 -28.6
Addendum:
Disposable personal income:
Chained (1996) dollars\1\........ 1.3 23.8 9.6 15.8 -16.4 13.6 18.9 -5.7 34.9 -32.5 44.9 39.2 40.2 69.3 19.2
------------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at the end of the table.
Table 3.--Personal Income and Its Disposition, Change from Preceding Period (Months)--Continued
[Billions of dollars; months seasonally adjusted at annual rates]
----------------------------------------------------------------------------------------------------------------------------------------------------
Mar 00 Apr 00 May 00 Jun 00 Jul 00 Aug 00 Sep 00 Oct 00 Nov 00 Dec 00 Jan 01 Feb 01 Mar 01 Apr 01
----------------------------------------------------------------------------------------------------------------------------------------------------
Personal income..................... 67.6 26.4 46.9 48.4 54.2 33.5 39.7 31.3 15.8 27.7 44.1 11.4 18.4 4.7
Wage and salary disbursements..... 30.2 -2.3 -6.9 31.9 57.4 4.9 26.4 12.4 7.6 5.4 28.6 8.1 7.5 -1.0
Private industries.............. 24.5 -6.0 -14.6 33.4 56.8 4.6 24.5 10.9 5.2 2.2 20.1 .8 4.2 -3.9
Goods-producing industries.... 5.7 -15.8 -10.9 7.6 18.9 -1.4 -1.8 -1.7 -2.6 -11.2 2.9 -2.8 1.6 -2.4
Manufacturing............... -.9 -14.6 -8.9 6.0 16.0 -4.0 -3.4 -5.4 -4.3 -11.0 -.4 -4.4 -2.8 .3
Distributive industries....... 6.4 5.6 -4.5 8.5 12.6 -3.9 11.3 -2.9 .5 3.0 6.2 -4.7 -.2 .9
Service industries............ 12.5 4.2 .9 17.2 25.3 9.9 15.0 15.5 7.3 10.5 11.0 8.2 2.7 -2.3
Government...................... 5.7 3.7 7.7 -1.5 .6 .4 1.8 1.5 2.4 3.2 8.5 7.2 3.4 2.8
Other labor income................ 3.3 3.0 3.2 3.0 2.8 2.8 3.0 2.9 2.8 2.7 3.2 1.6 1.0 .9
Proprietors' income with
inventory valuation and capital
consumption adjustments.......... 14.3 -1.0 5.8 6.7 -10.3 8.1 -5.2 .1 2.1 .1 -.4 -.6 5.6 -1.0
Farm............................ .3 2.6 .3 -.5 -2.4 -.8 -.5 .5 -.3 -.5 -1.0 -.6 -.4 -.4
Nonfarm......................... 14.0 -3.6 5.5 7.2 -7.9 8.9 -4.7 -.5 2.5 .6 .6 .0 6.0 -.7
Rental income of persons with
capital consumption adjustment... -1.1 -2.6 -1.3 -.9 -.3 -.6 -.5 .4 -1.0 -1.6 -3.5 -1.7 -1.4 -1.6
Personal dividend income.......... 6.4 6.1 5.9 5.9 5.6 5.1 4.6 3.9 3.0 2.4 1.4 1.3 1.3 1.1
Personal interest income.......... 13.8 17.9 15.3 12.6 .7 6.2 5.8 7.1 3.3 1.3 -1.8 -1.6 -2.7 -5.2
Transfer payments to persons...... 2.0 5.0 23.8 -8.9 1.9 7.2 7.2 5.3 -1.4 18.1 22.9 5.5 7.9 12.0
Old-age, survivors, disability,
and health insurance benefits.. 2.6 2.3 20.9 -9.7 -1.2 4.1 4.5 -1.3 -.7 11.5 13.2 4.8 4.2 1.7
Government unemployment
insurance benefits............. -1.8 1.0 .0 -.8 .9 -.2 .9 1.3 -.8 1.4 3.7 -2.8 -.8 6.9
Other............................ 1.2 1.7 2.9 1.6 2.2 3.3 1.8 5.3 .2 5.1 6.1 3.4 4.5 3.4
Less: Personal contributions for
social insurance................. 1.3 -.4 -1.1 1.9 3.6 .3 1.7 .6 .7 .6 6.5 1.0 .9 .4
Less: Personal tax and nontax
payments........................... 7.6 2.3 1.2 12.2 7.8 11.3 8.4 3.2 4.4 4.8 16.4 2.6 3.1 -5.7
Equals: Disposable personal income.. 60.0 24.1 45.7 36.2 46.3 22.3 31.3 28.1 11.4 22.9 27.7 8.8 15.3 10.4
Less: Personal outlays.............. 54.6 3.1 24.1 40.4 31.4 22.2 77.4 -2.9 5.4 47.1 57.7 5.2 -7.7 29.3
Personal consumption expenditures. 52.2 .8 21.6 37.9 26.3 20.0 75.8 -4.9 5.4 47.9 60.1 7.3 -6.0 28.7
Durable goods................... -7.7 -4.3 -2.4 -4.7 2.5 6.1 25.9 -26.8 -10.1 2.5 17.4 8.6 -5.5 -2.1
Nondurable goods................ 38.7 -5.5 .4 19.5 5.9 -7.3 29.6 2.9 -3.4 12.7 24.0 -8.5 -15.6 18.0
Services........................ 21.2 10.6 23.7 22.9 18.0 21.2 20.4 19.0 18.7 32.7 18.8 7.2 15.1 12.8
Interest paid by persons.......... 2.4 1.5 2.4 2.6 4.1 2.2 1.5 1.0 .1 -.8 -2.4 -2.2 -1.6 .5
Personal transfer payments to the
rest of the world (net).......... .0 .8 .0 .0 1.0 .0 .0 .9 .0 .0 .0 .0 .0 .0
Equals: Personal saving............. 5.4 21.0 21.7 -4.3 14.9 .1 -46.1 31.0 6.0 -24.2 -30.0 3.6 23.0 -18.8
Addendum:
Disposable personal income:
Chained (1996) dollars\1\........ 27.3 20.2 41.7 13.9 31.1 21.1 2.5 15.4 1.9 12.2 -11.3 -5.3 12.3 -1.9
----------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at the end of the table.
Table 3.--Personal Income and Its Disposition, Change from Preceding Period (Months)--Continued
[Billions of dollars; months seasonally adjusted at annual rates]
----------------------------------------------------------------------------------------------------------------------------------------------------
May 01 Jun 01 Jul 01 Aug 01 Sep 01 Oct 01 Nov 01 Dec 01 Jan 02 Feb 02 Mar 02 Apr 02 May 02 Jun 02/p/
----------------------------------------------------------------------------------------------------------------------------------------------------
Personal income..................... -10.6 13.0 28.8 -9.1 6.5 -22.3 1.5 44.2 44.0 40.7 25.2 35.4 39.4 57.0
Wage and salary disbursements..... -17.5 4.3 9.0 -10.6 -6.2 -22.6 -1.2 26.3 1.0 16.2 14.5 -2.7 19.3 32.5
Private industries.............. -20.2 .6 4.5 -13.1 -11.5 -24.4 -2.6 23.2 -7.4 11.5 11.3 -4.2 16.9 29.6
Goods-producing industries.... -4.2 -3.6 -2.2 -4.1 -3.7 -11.2 -3.3 1.3 -2.0 1.3 .9 -3.0 1.0 4.5
Manufacturing............... -8.0 -5.2 -2.9 -5.2 -3.8 -6.2 -4.3 -.4 -3.1 1.0 .2 -1.0 1.6 2.7
Distributive industries....... -4.8 3.8 4.1 -5.3 -8.9 -5.8 -1.2 6.3 -1.7 4.7 6.1 -3.9 6.3 5.1
Service industries............ -11.1 .3 2.5 -3.6 1.2 -7.6 2.0 15.6 -3.8 5.6 4.3 2.7 9.6 20.1
Government...................... 2.8 3.7 4.5 2.5 5.3 1.8 1.3 3.2 8.5 4.6 3.2 1.5 2.4 2.8
Other labor income................ 1.3 1.7 1.2 1.3 1.5 .9 1.5 1.7 8.2 4.6 4.8 3.9 4.1 4.4
Proprietors' income with
inventory valuation and capital
consumption adjustments.......... 3.2 2.2 .2 2.8 3.8 -8.1 1.6 7.4 6.5 6.7 1.9 1.0 -4.1 .0
Farm............................ -.1 .1 .7 .2 .1 -.3 .1 .2 1.4 1.0 .7 -7.9 -8.3 -1.5
Nonfarm......................... 3.4 2.1 -.5 2.6 3.6 -7.7 1.5 7.2 5.0 5.8 1.2 8.9 4.2 1.5
Rental income of persons with
capital consumption adjustment... .0 1.2 2.7 3.3 2.4 -2.5 -1.4 -2.3 2.1 1.9 1.9 5.6 5.8 5.8
Personal dividend income.......... 1.1 1.2 1.6 2.2 2.1 2.0 2.1 2.4 2.2 2.0 1.7 2.5 2.3 2.4
Personal interest income.......... -3.7 -3.6 -3.2 -3.9 -4.2 -7.6 -2.5 -.3 -1.0 -1.0 -.9 8.1 8.1 8.0
Transfer payments to persons...... 4.2 6.7 18.1 -4.4 7.0 14.6 1.6 11.0 30.6 11.5 2.6 16.9 5.3 6.2
Old-age, survivors, disability,
and health insurance benefits.. 1.5 .5 11.7 -4.5 1.1 1.0 3.2 4.7 10.5 4.5 -4.6 6.5 1.2 1.2
Government unemployment
insurance benefits............. -.9 .4 4.1 -2.1 3.7 6.9 -2.8 3.3 5.8 4.5 3.6 6.9 2.0 2.0
Other............................ 3.6 5.7 2.4 2.2 2.3 6.6 1.2 3.0 14.3 2.4 3.7 3.4 2.3 2.9
Less: Personal contributions for
social insurance................. -.8 .6 1.0 -.3 -.1 -1.0 .2 1.9 5.8 1.2 1.1 .0 1.4 2.3
Less: Personal tax and nontax
payments........................... -3.7 2.4 -88.3 -141.5 84.2 121.8 -8.2 7.5 -166.3 -3.9 -3.0 -6.8 -1.5 2.0
Equals: Disposable personal income.. -6.9 10.6 117.0 132.5 -77.7 -144.2 9.8 36.7 210.3 44.5 28.3 42.2 40.9 55.0
Less: Personal outlays.............. 35.5 15.1 16.8 19.0 -83.6 174.3 -30.0 8.2 30.6 53.2 15.4 42.5 2.5 40.3
Personal consumption expenditures. 34.9 14.3 16.6 20.2 -82.0 178.7 -27.1 10.5 32.7 56.2 18.5 37.6 -2.3 35.6
Durable goods................... 2.9 13.5 -.1 2.4 -23.4 104.0 -34.8 -22.2 -2.6 9.9 -3.7 8.7 -22.8 13.6
Nondurable goods................ 15.0 -4.5 -.9 -2.7 .7 2.5 -10.3 14.6 23.4 15.0 3.0 17.9 -10.9 8.5
Services........................ 17.0 5.4 17.5 20.5 -59.2 72.1 17.9 18.2 11.8 31.4 19.2 10.9 31.6 13.4
Interest paid by persons.......... .8 .6 -.6 -1.1 -1.8 -3.1 -2.9 -2.2 -3.0 -3.1 -3.0 4.7 4.8 4.7
Personal transfer payments to the
rest of the world (net).......... .0 .0 .9 .0 .0 -1.2 .0 .0 .9 .0 .0 .2 .0 .0
Equals: Personal saving............. -42.5 -4.5 100.2 113.4 6.0 -318.5 39.8 28.5 179.7 -8.7 12.9 -.4 38.5 14.7
Addendum:
Disposable personal income:
Chained (1996) dollars\1\........ -22.3 2.6 107.4 121.0 -39.3 -171.3 11.8 43.2 179.1 27.1 10.0 8.5 40.8 43.6
----------------------------------------------------------------------------------------------------------------------------------------------------
p Preliminary.
1. 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]
--------------------------------------------------------------------------------------------------------------------
1998 1999 2000 2001 I 98 II 98 III 98 IV 98 I 99 II 99
--------------------------------------------------------------------------------------------------------------------
Personal income..................... 489.0 360.5 620.1 278.7 156.9 128.0 107.9 85.1 80.1 66.3
Wage and salary disbursements..... 303.9 277.6 365.9 114.3 83.2 70.7 71.9 72.1 89.3 37.1
Private industries.............. 275.4 246.2 321.1 72.4 74.7 63.0 63.7 64.4 80.5 31.1
Goods-producing industries.... 63.4 50.1 75.1 -21.3 16.9 11.4 9.9 14.7 16.5 4.4
Manufacturing............... 38.2 25.4 47.4 -40.0 9.8 5.5 2.7 6.7 8.8 1.7
Distributive industries....... 69.3 71.9 74.0 14.4 18.0 14.8 18.7 16.7 25.2 10.2
Service industries............ 142.8 124.2 172.0 79.3 39.9 36.8 35.1 32.9 38.9 16.5
Government...................... 28.4 31.5 44.7 41.9 8.4 7.7 8.2 7.8 8.7 6.0
Other labor income................ 15.2 19.6 34.0 26.2 11.4 4.9 5.0 4.5 4.9 4.7
Proprietors' income with
inventory valuation and capital
consumption adjustments.......... 42.6 54.6 36.4 13.1 14.2 10.7 9.4 16.8 15.5 14.9
Farm............................ -4.1 2.1 -5.1 -3.6 -4.8 .8 .5 2.5 2.2 -.4
Nonfarm......................... 46.7 52.5 41.5 16.6 19.1 9.7 9.0 14.2 13.4 15.3
Rental income of persons with
capital consumption adjustment... 10.3 10.5 -2.5 -8.7 1.0 8.4 8.1 2.3 2.4 1.0
Personal dividend income.......... 13.4 -20.3 47.7 33.5 2.3 1.1 -2.2 -1.6 -14.6 -8.3
Personal interest income.......... 100.4 4.8 107.8 14.3 38.4 34.0 15.1 -8.4 -25.4 12.0
Transfer payments to persons...... 21.5 34.8 51.8 100.1 12.2 1.9 4.7 3.4 18.2 7.5
Old-age, survivors, disability,
and health insurance benefits.. 12.3 9.9 29.2 47.1 8.0 .4 1.2 -1.3 6.6 2.2
Government unemployment
insurance benefits............. -.4 .8 .2 11.4 -.2 -.1 1.0 -.2 .7 .1
Other............................ 9.6 24.1 22.3 41.7 2.8 2.5 2.8 5.0 11.2 5.2
Less: Personal contributions for
social insurance................. 18.4 21.1 21.0 13.9 5.7 3.9 4.1 4.1 10.0 2.7
Less: Personal tax and nontax
payments........................... 101.6 88.7 127.3 5.7 27.7 21.4 28.3 24.8 17.0 16.5
Equals: Disposable personal income.. 387.4 271.8 492.8 273.0 129.2 106.6 79.6 60.3 63.0 49.9
Less: Personal outlays.............. 338.8 399.2 465.3 304.9 78.6 105.3 77.4 94.1 86.7 123.9
Personal consumption expenditures. 326.7 390.5 437.2 303.3 79.3 100.1 75.1 94.0 87.5 119.0
Durable goods................... 50.7 62.7 48.0 32.0 8.5 22.5 2.4 33.4 3.6 21.2
Nondurable goods................ 66.9 121.6 142.8 68.4 16.8 21.4 19.5 27.7 28.7 41.3
Services........................ 209.1 206.2 246.4 203.0 54.0 56.2 53.2 32.9 55.2 56.5
Interest paid by persons.......... 8.9 5.8 25.9 .0 -.8 3.8 2.3 -1.5 -1.2 4.0
Personal transfer payments to the
rest of the world (net).......... 3.1 3.0 2.2 1.6 .0 1.4 -.1 1.6 .5 .9
Equals: Personal saving............. 48.6 -127.5 27.5 -31.8 50.6 1.2 2.3 -33.8 -23.7 -74.0
Addendum:
Disposable personal income:
Chained (1996) dollars\1\........ 314.1 159.8 301.9 117.7 117.0 89.1 56.3 36.7 41.8 12.6
--------------------------------------------------------------------------------------------------------------------
See footnote at the end of the table.
Table 4.--Personal Income and Its Disposition, Change from Preceding Period (Years and Quarters)--Continued
[Billions of dollars; quarters seasonally adjusted at annual rates]
------------------------------------------------------------------------------------------------------------------------------------
III 99 IV 99 I 00 II 00 III 00 IV 00 I 01 II 01 III 01 IV 01 I 02 II 02
------------------------------------------------------------------------------------------------------------------------------------
Personal income..................... 85.5 152.5 251.4 138.6 137.6 88.8 81.5 18.1 30.0 -5.3 109.5 111.1
Wage and salary disbursements..... 60.7 89.9 179.9 33.4 88.5 38.5 42.6 -3.6 -3.1 -22.3 33.8 36.1
Private industries.............. 52.2 81.3 160.1 20.3 85.4 33.0 25.3 -14.2 -14.4 -30.4 18.6 28.3
Goods-producing industries.... 14.3 17.4 57.0 -13.8 18.7 -8.8 -6.7 -6.3 -10.0 -16.7 -1.1 .2
Manufacturing............... 11.5 7.5 45.2 -16.4 13.2 -15.5 -13.1 -10.1 -13.7 -13.5 -4.1 1.4
Distributive industries....... 13.2 27.3 26.4 10.4 18.0 4.6 5.2 -2.7 -1.5 -12.2 7.3 7.6
Service industries............ 24.7 36.7 76.5 23.8 48.7 37.1 26.9 -5.1 -3.0 -1.5 12.5 20.5
Government...................... 8.4 8.7 19.8 13.1 3.1 5.5 17.3 10.6 11.3 8.1 15.2 7.8
Other labor income................ 5.3 5.7 12.2 9.5 8.7 8.7 7.3 3.5 4.2 3.9 14.5 12.8
Proprietors' income with
inventory valuation and capital
consumption adjustments.......... 8.5 14.7 5.1 16.3 -.2 .7 1.9 5.4 5.8 -1.1 17.1 1.8
Farm............................ -4.0 -.3 -3.1 2.7 -3.3 -.5 -1.9 -.9 .9 -.1 2.5 -13.1
Nonfarm......................... 12.5 15.0 8.2 13.6 3.1 1.2 3.8 6.3 4.9 -1.0 14.6 14.9
Rental income of persons with
capital consumption adjustment... -4.1 6.2 -.6 -4.7 -1.8 -1.4 -6.5 -2.7 6.5 -1.5 2.0 13.3
Personal dividend income.......... .6 9.1 17.7 18.5 16.4 11.5 5.3 3.5 5.0 6.3 6.4 6.6
Personal interest income.......... 10.7 24.3 32.9 45.6 20.3 15.7 -1.9 -11.2 -10.8 -13.5 -3.0 15.3
Transfer payments to persons...... 7.3 7.5 15.2 20.7 11.1 17.6 40.8 24.1 23.4 22.5 47.0 28.1
Old-age, survivors, disability,
and health insurance benefits.. 2.4 2.9 10.4 15.4 3.5 6.5 25.2 7.3 9.9 3.9 16.2 6.1
Government unemployment
insurance benefits............. -.6 .0 .1 -.3 .5 1.7 2.2 5.0 3.9 7.9 11.3 12.8
Other............................ 5.5 4.6 4.8 5.6 7.0 9.4 13.4 11.8 9.6 10.7 19.5 9.2
Less: Personal contributions for
social insurance................. 3.5 5.0 10.9 .8 5.3 2.5 8.0 1.1 .9 -.4 8.2 2.9
Less: Personal tax and nontax
payments........................... 25.2 34.6 54.5 16.7 26.6 17.1 23.9 -4.5 -154.2 127.8 -167.6 -10.4
Equals: Disposable personal income.. 60.3 117.9 196.9 121.9 111.0 71.6 57.7 22.5 184.2 -133.0 277.1 121.5
Less: Personal outlays.............. 106.9 122.2 146.5 93.9 106.9 75.4 91.8 54.6 23.5 107.6 66.7 85.6
Personal consumption expenditures. 103.8 115.1 137.7 86.5 97.4 71.9 96.7 55.1 23.9 116.2 74.3 79.0
Durable goods................... 15.2 14.8 28.5 -9.1 11.3 -13.4 19.6 3.5 3.7 58.6 -23.6 -1.2
Nondurable goods................ 26.9 50.4 35.2 38.0 24.0 22.2 20.4 13.3 -.5 .1 40.7 20.5
Services........................ 61.8 49.8 74.0 57.6 62.1 63.1 56.7 38.3 20.7 57.5 57.2 59.7
Interest paid by persons.......... 2.6 6.7 8.8 6.4 8.6 2.6 -4.9 -.6 -1.2 -7.4 -8.5 6.4
Personal transfer payments to the
rest of the world (net).......... .4 .6 .0 .8 1.0 .9 .0 .0 .9 -1.2 .9 .2
Equals: Personal saving............. -46.6 -4.3 50.4 28.1 4.0 -3.8 -34.0 -32.1 160.6 -240.7 210.5 35.9
Addendum:
Disposable personal income:
Chained (1996) dollars\1\........ 24.0 74.3 131.1 77.2 69.2 29.4 -1.9 -9.5 169.2 -134.9 233.4 65.8
------------------------------------------------------------------------------------------------------------------------------------
1. 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)
[Percent; months seasonally adjusted at monthly rates]
------------------------------------------------------------------------------------------------------------------------------------------------------------
Dec 98 Jan 99 Feb 99 Mar 99 Apr 99 May 99 Jun 99 Jul 99 Aug 99 Sep 99 Oct 99 Nov 99 Dec 99 Jan 00 Feb 00
------------------------------------------------------------------------------------------------------------------------------------------------------------
Personal income..................... .2 .5 .2 .2 .2 .4 .4 .3 .6 .1 .9 .7 .9 1.5 .7
Wage and salary disbursements..... .4 1.1 .7 .1 .1 .5 .2 .5 .6 .4 .7 .7 1.1 2.3 .6
Other labor income................ .3 .4 .3 .2 .4 .3 .4 .3 .4 .4 .3 .4 .4 1.3 .7
Proprietors' income with
inventory valuation and capital
consumption adjustments.......... 1.0 .9 .4 1.0 1.0 -.2 1.7 -.1 1.0 -1.0 1.3 1.5 .6 -1.3 .7
Rental income of persons with
capital consumption adjustment... .4 .9 .2 .3 .2 .3 .2 .0 .2 -9.2 10.7 .6 .0 .0 -.4
Personal dividend income.......... -.2 -2.7 -1.5 -1.2 -.8 -.5 -.3 .1 .4 .6 .9 1.2 1.5 1.9 2.0
Personal interest income.......... -.9 -1.3 -1.0 .3 .7 .7 .7 -.2 .5 .7 .9 .9 1.0 1.0 1.2
Transfer payments to persons...... .1 1.4 .1 .6 -.1 .4 .3 -.1 .6 .2 .3 .0 .4 .9 .4
Less: Personal contributions for
social insurance................. .3 2.2 .6 .1 .1 .4 .2 .4 .4 .3 .5 .5 .8 2.2 .3
Less: Personal tax and nontax
payments........................... .8 -.1 1.0 .0 .1 1.1 .8 .9 -.4 2.0 .7 .9 1.3 2.4 1.1
Equals: Disposable personal income.. .1 .6 .1 .3 .2 .3 .3 .1 .8 -.2 .9 .7 .8 1.4 .7
Addenda:
Personal consumption expenditures. .8 .1 .7 .7 1.0 .1 .7 .6 .6 .5 .6 .3 1.6 .0 1.1
Durable goods................... 2.8 -3.9 3.1 1.7 1.3 -2.5 3.3 .2 .5 .5 .3 -.1 3.5 .8 1.3
Nondurable goods................ .7 .4 .7 .2 1.6 .5 .1 .3 .9 .9 .7 .2 2.7 -1.8 1.7
Services........................ .4 .9 .1 .7 .6 .5 .5 .8 .5 .3 .5 .4 .6 .8 .7
Disposable personal income, based
on chained (1996) dollars........ .0 .4 .2 .3 -.3 .2 .3 -.1 .6 -.5 .7 .6 .6 1.1 .3
------------------------------------------------------------------------------------------------------------------------------------------------------------
Table 5.--Personal Income and Its Disposition, Percent Change from Preceding Period (Months)--Continued
[Percent; months seasonally adjusted at monthly rates]
----------------------------------------------------------------------------------------------------------------------------------------------------
Mar 00 Apr 00 May 00 Jun 00 Jul 00 Aug 00 Sep 00 Oct 00 Nov 00 Dec 00 Jan 01 Feb 01 Mar 01 Apr 01
----------------------------------------------------------------------------------------------------------------------------------------------------
Personal income..................... .8 .3 .6 .6 .6 .4 .5 .4 .2 .3 .5 .1 .2 .1
Wage and salary disbursements..... .6 .0 -.1 .7 1.2 .1 .5 .3 .2 .1 .6 .2 .2 .0
Other labor income................ .6 .6 .6 .6 .5 .5 .6 .5 .5 .5 .6 .3 .2 .2
Proprietors' income with
inventory valuation and capital
consumption adjustments.......... 2.0 -.1 .8 .9 -1.4 1.1 -.7 .0 .3 .0 -.1 -.1 .8 -.1
Rental income of persons with
capital consumption adjustment... -.7 -1.7 -.8 -.6 -.2 -.4 -.3 .3 -.7 -1.1 -2.5 -1.3 -1.0 -1.2
Personal dividend income.......... 1.8 1.7 1.6 1.6 1.5 1.4 1.2 1.0 .8 .6 .4 .3 .3 .3
Personal interest income.......... 1.3 1.7 1.5 1.2 .1 .6 .5 .7 .3 .1 -.2 -.1 -.2 -.5
Transfer payments to persons...... .2 .5 2.3 -.8 .2 .7 .7 .5 -.1 1.7 2.1 .5 .7 1.1
Less: Personal contributions for
social insurance................. .4 -.1 -.3 .5 1.0 .1 .5 .2 .2 .2 1.8 .3 .2 .1
Less: Personal tax and nontax
payments........................... .6 .2 .1 1.0 .6 .9 .6 .2 .3 .4 1.2 .2 .2 -.4
Equals: Disposable personal income.. .9 .3 .7 .5 .7 .3 .4 .4 .2 .3 .4 .1 .2 .1
Addenda:
Personal consumption expenditures. .8 .0 .3 .6 .4 .3 1.1 -.1 .1 .7 .9 .1 -.1 .4
Durable goods................... -.9 -.5 -.3 -.6 .3 .8 3.2 -3.2 -1.2 .3 2.2 1.0 -.7 -.3
Nondurable goods................ 2.0 -.3 .0 1.0 .3 -.4 1.5 .1 -.2 .6 1.2 -.4 -.8 .9
Services........................ .6 .3 .6 .6 .5 .5 .5 .5 .5 .8 .5 .2 .4 .3
Disposable personal income, based
on chained (1996) dollars........ .4 .3 .6 .2 .5 .3 .0 .2 .0 .2 -.2 -.1 .2 .0
----------------------------------------------------------------------------------------------------------------------------------------------------
Table 5.--Personal Income and Its Disposition, Percent Change from Preceding Period (Months)--Continued
[Percent; months seasonally adjusted at monthly rates]
----------------------------------------------------------------------------------------------------------------------------------------------------
May 01 Jun 01 Jul 01 Aug 01 Sep 01 Oct 01 Nov 01 Dec 01 Jan 02 Feb 02 Mar 02 Apr 02 May 02 Jun 02/p/
----------------------------------------------------------------------------------------------------------------------------------------------------
Personal income..................... -.1 .1 .3 -.1 .1 -.3 .0 .5 .5 .5 .3 .4 .4 .6
Wage and salary disbursements..... -.4 .1 .2 -.2 -.1 -.5 .0 .5 .0 .3 .3 -.1 .4 .6
Other labor income................ .2 .3 .2 .2 .3 .2 .3 .3 1.4 .8 .8 .7 .7 .7
Proprietors' income with
inventory valuation and capital
consumption adjustments.......... .5 .3 .0 .4 .5 -1.1 .2 1.0 .9 .9 .3 .1 -.5 .0
Rental income of persons with
capital consumption adjustment... .0 .9 2.1 2.4 1.7 -1.8 -1.0 -1.6 1.6 1.3 1.4 3.9 3.9 3.8
Personal dividend income.......... .3 .3 .4 .5 .5 .5 .5 .6 .5 .5 .4 .6 .5 .5
Personal interest income.......... -.3 -.3 -.3 -.4 -.4 -.7 -.2 .0 -.1 -.1 -.1 .8 .7 .7
Transfer payments to persons...... .4 .6 1.6 -.4 .6 1.2 .1 .9 2.5 .9 .2 1.3 .4 .5
Less: Personal contributions for
social insurance................. -.2 .2 .3 -.1 .0 -.3 .0 .5 1.5 .3 .3 .0 .4 .6
Less: Personal tax and nontax
payments........................... -.3 .2 -6.6 -11.3 7.6 10.2 -.6 .6 -12.7 -.3 -.3 -.6 -.1 .2
Equals: Disposable personal income.. -.1 .1 1.6 1.8 -1.0 -1.9 .1 .5 2.8 .6 .4 .5 .5 .7
Addenda:
Personal consumption expenditures. .5 .2 .2 .3 -1.2 2.6 -.4 .1 .5 .8 .3 .5 .0 .5
Durable goods................... .4 1.7 .0 .3 -2.8 12.9 -3.8 -2.5 -.3 1.2 -.4 1.0 -2.6 1.6
Nondurable goods................ .7 -.2 .0 -.1 .0 .1 -.5 .7 1.1 .7 .1 .9 -.5 .4
Services........................ .4 .1 .4 .5 -1.4 1.8 .4 .4 .3 .7 .5 .3 .7 .3
Disposable personal income, based
on chained (1996) dollars........ -.3 .0 1.6 1.8 -.6 -2.5 .2 .6 2.6 .4 .1 .1 .6 .6
----------------------------------------------------------------------------------------------------------------------------------------------------
p Preliminary.
Table 6.--Personal Income and Its Disposition, Percent Change from Preceding Period (Years and Quarters)
[Percent; quarters seasonally adjusted at annual rates]
--------------------------------------------------------------------------------------------------------------------
1998 1999 2000 2001 I 98 II 98 III 98 IV 98 I 99 II 99
--------------------------------------------------------------------------------------------------------------------
Personal income..................... 7.0 4.9 8.0 3.3 9.1 7.2 6.0 4.6 4.3 3.5
Wage and salary disbursements..... 7.8 6.6 8.2 2.4 8.6 7.1 7.1 7.0 8.6 3.4
Other labor income................ 3.2 4.0 6.7 4.8 9.9 4.2 4.1 3.8 4.0 3.8
Proprietors' income with
inventory valuation and capital
consumption adjustments.......... 7.3 8.8 5.4 1.8 10.0 7.2 6.3 11.1 10.0 9.4
Rental income of persons with
capital consumption adjustment... 8.0 7.6 -1.7 -6.0 3.2 29.4 25.8 6.7 6.6 2.8
Personal dividend income.......... 4.0 -5.8 14.5 8.9 2.7 1.2 -2.4 -1.8 -15.9 -9.6
Personal interest income.......... 11.6 .5 11.1 1.3 18.3 15.4 6.4 -3.4 -10.1 5.2
Transfer payments to persons...... 2.2 3.5 5.1 9.4 5.1 .8 1.9 1.4 7.6 3.0
Less: Personal contributions for
social insurance................. 6.2 6.7 6.2 3.9 7.7 5.1 5.3 5.3 13.0 3.2
Less: Personal tax and nontax
payments........................... 10.5 8.3 11.0 .4 11.5 8.5 11.1 9.5 6.3 6.0
Equals: Disposable personal income.. 6.5 4.3 7.4 3.8 8.8 7.0 5.1 3.8 4.0 3.1
Addenda:
Personal consumption expenditures. 5.9 6.7 7.0 4.5 5.7 7.2 5.3 6.5 6.0 8.1
Durable goods................... 7.9 9.0 6.4 4.0 5.3 14.2 1.4 20.8 2.0 12.1
Nondurable goods................ 4.1 7.1 7.8 3.5 4.1 5.2 4.7 6.6 6.7 9.7
Services........................ 6.4 6.0 6.7 5.2 6.7 6.8 6.3 3.8 6.4 6.5
Disposable personal income, based
on chained (1996) dollars........ 5.4 2.6 4.8 1.8 8.1 6.0 3.7 2.4 2.7 .8
--------------------------------------------------------------------------------------------------------------------
Table 6.--Personal Income and Its Disposition, Percent Change from Preceding Period (Years and Quarters)--Continued
[Percent; quarters seasonally adjusted at annual rates]
------------------------------------------------------------------------------------------------------------------------------------
III 99 IV 99 I 00 II 00 III 00 IV 00 I 01 II 01 III 01 IV 01 I 02 II 02
------------------------------------------------------------------------------------------------------------------------------------
Personal income..................... 4.5 8.0 13.2 6.9 6.8 4.2 3.9 .8 1.4 -.2 5.1 5.1
Wage and salary disbursements..... 5.6 8.3 16.7 2.8 7.6 3.2 3.5 -.3 -.3 -1.8 2.8 2.9
Other labor income................ 4.3 4.5 9.8 7.4 6.6 6.4 5.4 2.5 3.0 2.8 10.4 9.0
Proprietors' income with
inventory valuation and capital
consumption adjustments.......... 5.2 8.9 3.0 9.6 -.1 .4 1.0 3.0 3.3 -.6 9.7 1.0
Rental income of persons with
capital consumption adjustment... -10.5 17.9 -1.4 -11.8 -5.0 -3.6 -16.9 -7.8 20.9 -4.3 5.9 43.3
Personal dividend income.......... .8 11.8 22.9 22.9 19.0 12.4 5.4 3.6 5.0 6.3 6.3 6.4
Personal interest income.......... 4.5 10.4 13.9 18.9 7.8 5.9 -.7 -4.0 -3.9 -4.9 -1.1 5.8
Transfer payments to persons...... 2.9 3.0 6.0 8.2 4.2 6.7 15.8 8.8 8.3 7.8 16.5 9.3
Less: Personal contributions for
social insurance................. 4.3 6.0 13.4 .9 6.1 2.8 9.2 1.1 1.0 -.4 9.2 3.0
Less: Personal tax and nontax
payments........................... 9.1 12.4 19.4 5.4 8.6 5.4 7.4 -1.3 -38.8 50.8 -42.2 -3.6
Equals: Disposable personal income.. 3.7 7.3 12.2 7.2 6.4 4.0 3.2 1.2 10.4 -6.9 15.9 6.5
Addenda:
Personal consumption expenditures. 6.9 7.5 8.9 5.4 6.0 4.3 5.8 3.2 1.4 6.8 4.3 4.5
Durable goods................... 8.4 7.9 15.5 -4.4 5.8 -6.4 10.2 1.7 1.8 31.6 -10.3 -.5
Nondurable goods................ 6.0 11.4 7.6 8.1 5.0 4.5 4.1 2.6 -.1 .0 8.2 4.0
Services........................ 7.0 5.5 8.1 6.2 6.6 6.6 5.8 3.8 2.0 5.7 5.6 5.8
Disposable personal income, based
on chained (1996) dollars........ 1.5 4.8 8.4 4.8 4.3 1.8 -.1 -.6 10.5 -7.6 14.6 3.8
------------------------------------------------------------------------------------------------------------------------------------
Table 7.--Real Personal Consumption Expenditures by Major Type of Product (Months)
[Months seasonally adjusted at annual rates except as noted]
------------------------------------------------------------------------------------------------------------------------------------------------------------
Dec 98 Jan 99 Feb 99 Mar 99 Apr 99 May 99 Jun 99 Jul 99 Aug 99 Sep 99 Oct 99 Nov 99 Dec 99 Jan 00 Feb 00
------------------------------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
Billions of chained (1996) dollars
------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures... 5,817.0 5,811.1 5,852.0 5,891.2 5,917.5 5,920.7 5,960.1 5,980.7 6,004.0 6,015.4 6,038.7 6,050.8 6,131.4 6,114.7 6,159.6
Durable goods..................... 783.4 753.9 781.0 798.0 807.5 788.3 816.8 819.2 824.7 828.5 832.8 833.8 866.0 873.4 887.1
Nondurable goods.................. 1,724.2 1,724.1 1,739.9 1,744.2 1,748.6 1,760.0 1,761.5 1,760.2 1,769.0 1,773.8 1,782.4 1,788.4 1,828.7 1,792.1 1,809.6
Services.......................... 3,316.3 3,336.6 3,337.5 3,356.6 3,369.7 3,378.7 3,390.8 3,410.0 3,419.5 3,422.6 3,433.2 3,438.3 3,450.5 3,463.7 3,479.0
------------------------------------------------------------------------------------------------------------------------
Change from preceding period in
billions of chained (1996) dollars
------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures... 39.8 -5.9 40.9 39.2 26.3 3.2 39.4 20.6 23.3 11.4 23.3 12.1 80.6 -16.7 44.9
Durable goods..................... 23.2 -29.5 27.1 17.0 9.5 -19.2 28.5 2.4 5.5 3.8 4.3 1.0 32.2 7.4 13.7
Nondurable goods.................. 7.3 -.1 15.8 4.3 4.4 11.4 1.5 -1.3 8.8 4.8 8.6 6.0 40.3 -36.6 17.5
Services.......................... 11.2 20.3 .9 19.1 13.1 9.0 12.1 19.2 9.5 3.1 10.6 5.1 12.2 13.2 15.3
------------------------------------------------------------------------------------------------------------------------
Percent change from preceding period in
chained (1996) dollars at monthly rates
------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures... .7 -.1 .7 .7 .4 .1 .7 .3 .4 .2 .4 .2 1.3 -.3 .7
Durable goods..................... 3.1 -3.8 3.6 2.2 1.2 -2.4 3.6 .3 .7 .5 .5 .1 3.9 .8 1.6
Nondurable goods.................. .4 .0 .9 .2 .3 .6 .1 -.1 .5 .3 .5 .3 2.3 -2.0 1.0
Services.......................... .3 .6 .0 .6 .4 .3 .4 .6 .3 .1 .3 .1 .4 .4 .4
------------------------------------------------------------------------------------------------------------------------------------------------------------
Table 7.--Real Personal Consumption Expenditures by Major Type of Product (Months)--Continued
[Months seasonally adjusted at annual rates except as noted]
----------------------------------------------------------------------------------------------------------------------------------------------------
Mar 00 Apr 00 May 00 Jun 00 Jul 00 Aug 00 Sep 00 Oct 00 Nov 00 Dec 00 Jan 01 Feb 01 Mar 01 Apr 01
----------------------------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------
Billions of chained (1996) dollars
----------------------------------------------------------------------------------------------------------------
Personal consumption expenditures... 6,181.2 6,179.8 6,199.1 6,215.8 6,229.0 6,247.9 6,293.5 6,279.0 6,275.8 6,311.6 6,332.3 6,326.4 6,319.3 6,334.7
Durable goods..................... 878.0 874.5 870.8 868.7 872.9 882.2 910.3 882.7 871.5 875.2 893.0 905.8 903.0 902.6
Nondurable goods.................. 1,827.4 1,826.4 1,832.2 1,836.3 1,837.4 1,836.8 1,848.7 1,852.0 1,846.8 1,860.3 1,876.6 1,862.4 1,852.1 1,860.1
Services.......................... 3,490.2 3,492.8 3,508.9 3,522.8 3,531.1 3,542.2 3,551.8 3,557.1 3,568.2 3,586.6 3,576.3 3,573.9 3,578.9 3,586.5
----------------------------------------------------------------------------------------------------------------
Change from preceding period in
billions of chained (1996) dollars
----------------------------------------------------------------------------------------------------------------
Personal consumption expenditures... 21.6 -1.4 19.3 16.7 13.2 18.9 45.6 -14.5 -3.2 35.8 20.7 -5.9 -7.1 15.4
Durable goods..................... -9.1 -3.5 -3.7 -2.1 4.2 9.3 28.1 -27.6 -11.2 3.7 17.8 12.8 -2.8 -.4
Nondurable goods.................. 17.8 -1.0 5.8 4.1 1.1 -.6 11.9 3.3 -5.2 13.5 16.3 -14.2 -10.3 8.0
Services.......................... 11.2 2.6 16.1 13.9 8.3 11.1 9.6 5.3 11.1 18.4 -10.3 -2.4 5.0 7.6
----------------------------------------------------------------------------------------------------------------
Percent change from preceding period in
chained (1996) dollars at monthly rates
----------------------------------------------------------------------------------------------------------------
Personal consumption expenditures... .4 .0 .3 .3 .2 .3 .7 -.2 -.1 .6 .3 -.1 -.1 .2
Durable goods..................... -1.0 -.4 -.4 -.2 .5 1.1 3.2 -3.0 -1.3 .4 2.0 1.4 -.3 .0
Nondurable goods.................. 1.0 -.1 .3 .2 .1 .0 .6 .2 -.3 .7 .9 -.8 -.6 .4
Services.......................... .3 .1 .5 .4 .2 .3 .3 .1 .3 .5 -.3 -.1 .1 .2
----------------------------------------------------------------------------------------------------------------------------------------------------
Table 7.--Real Personal Consumption Expenditures by Major Type of Product (Months)--Continued
[Months seasonally adjusted at annual rates except as noted]
----------------------------------------------------------------------------------------------------------------------------------------------------
May 01 Jun 01 Jul 01 Aug 01 Sep 01 Oct 01 Nov 01 Dec 01 Jan 02 Feb 02 Mar 02 Apr 02 May 02 Jun 02/p/
----------------------------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------
Billions of chained (1996) dollars
----------------------------------------------------------------------------------------------------------------
Personal consumption expenditures... 6,351.4 6,357.9 6,373.7 6,392.3 6,346.9 6,472.3 6,450.3 6,469.3 6,487.4 6,526.0 6,528.1 6,534.3 6,535.9 6,562.4
Durable goods..................... 909.3 925.2 925.9 932.6 909.4 1,026.5 987.1 962.4 963.6 982.9 981.2 992.8 966.8 985.5
Nondurable goods.................. 1,866.2 1,860.7 1,872.1 1,875.3 1,857.4 1,873.5 1,877.2 1,904.4 1,920.5 1,926.1 1,917.5 1,915.3 1,917.2 1,923.3
Services.......................... 3,591.2 3,590.3 3,593.9 3,603.4 3,595.1 3,608.7 3,614.7 3,626.3 3,627.3 3,644.0 3,655.2 3,654.6 3,673.8 3,679.3
----------------------------------------------------------------------------------------------------------------
Change from preceding period in
billions of chained (1996) dollars
----------------------------------------------------------------------------------------------------------------
Personal consumption expenditures... 16.7 6.5 15.8 18.6 -45.4 125.4 -22.0 19.0 18.1 38.6 2.1 6.2 1.6 26.5
Durable goods..................... 6.7 15.9 .7 6.7 -23.2 117.1 -39.4 -24.7 1.2 19.3 -1.7 11.6 -26.0 18.7
Nondurable goods.................. 6.1 -5.5 11.4 3.2 -17.9 16.1 3.7 27.2 16.1 5.6 -8.6 -2.2 1.9 6.1
Services.......................... 4.7 -.9 3.6 9.5 -8.3 13.6 6.0 11.6 1.0 16.7 11.2 -.6 19.2 5.5
----------------------------------------------------------------------------------------------------------------
Percent change from preceding period in
chained (1996) dollars at monthly rates
----------------------------------------------------------------------------------------------------------------
Personal consumption expenditures... .3 .1 .2 .3 -.7 2.0 -.3 .3 .3 .6 .0 .1 .0 .4
Durable goods..................... .7 1.8 .1 .7 -2.5 12.9 -3.8 -2.5 .1 2.0 -.2 1.2 -2.6 1.9
Nondurable goods.................. .3 -.3 .6 .2 -1.0 .9 .2 1.5 .8 .3 -.4 -.1 .1 .3
Services.......................... .1 .0 .1 .3 -.2 .4 .2 .3 .0 .5 .3 .0 .5 .2
----------------------------------------------------------------------------------------------------------------------------------------------------
p Preliminary.
Table 8.--Real Personal Consumption Expenditures by Major Type of Product (Years and Quarters)
[Quarters seasonally adjusted at annual rates]
--------------------------------------------------------------------------------------------------------------------
1998 1999 2000 2001 I 98 II 98 III 98 IV 98 I 99 II 99
--------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Billions of chained (1996) dollars
--------------------------------------------------------------------------------
Personal consumption expenditures... 5,683.7 5,964.5 6,223.9 6,377.2 5,576.3 5,660.2 5,713.7 5,784.7 5,851.4 5,932.8
Durable goods..................... 726.7 812.5 878.9 931.9 692.5 719.7 727.1 767.3 777.6 804.2
Nondurable goods.................. 1,686.4 1,765.1 1,833.8 1,869.8 1,656.3 1,680.5 1,693.6 1,715.3 1,736.1 1,756.7
Services.......................... 3,273.4 3,395.4 3,524.5 3,594.9 3,228.4 3,262.3 3,295.2 3,307.6 3,343.6 3,379.7
--------------------------------------------------------------------------------
Change from preceding period in
billions of chained (1996) dollars
--------------------------------------------------------------------------------
Personal consumption expenditures... 259.8 280.8 259.4 153.3 69.2 83.9 53.5 71.0 66.7 81.4
Durable goods..................... 69.4 85.8 66.4 53.0 11.6 27.2 7.4 40.2 10.3 26.6
Nondurable goods.................. 66.5 78.7 68.7 36.0 22.2 24.2 13.1 21.7 20.8 20.6
Services.......................... 126.4 122.0 129.1 70.4 35.4 33.9 32.9 12.4 36.0 36.1
--------------------------------------------------------------------------------
Percent change from preceding period in
chained (1996) dollars at annual rates
--------------------------------------------------------------------------------
Personal consumption expenditures... 4.8 4.9 4.4 2.5 5.1 6.2 3.8 5.1 4.7 5.7
Durable goods..................... 10.5 11.8 8.2 6.0 7.0 16.6 4.2 24.0 5.5 14.4
Nondurable goods.................. 4.1 4.7 3.9 2.0 5.6 6.0 3.2 5.2 4.9 4.8
Services.......................... 4.0 3.7 3.8 2.0 4.5 4.3 4.1 1.5 4.4 4.4
--------------------------------------------------------------------------------------------------------------------
Table 8.--Real Personal Consumption Expenditures by Major Type of Product (Years and Quarters)--Continued
[Quarters seasonally adjusted at annual rates]
------------------------------------------------------------------------------------------------------------------------------------
III 99 IV 99 I 00 II 00 III 00 IV 00 I 01 II 01 III 01 IV 01 I 02 II 02
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------
Billions of chained (1996) dollars
------------------------------------------------------------------------------------------------
Personal consumption expenditures... 6,000.1 6,073.6 6,151.9 6,198.2 6,256.8 6,288.8 6,326.0 6,348.0 6,370.9 6,464.0 6,513.8 6,544.2
Durable goods..................... 824.1 844.2 879.5 871.3 888.5 876.5 900.6 912.4 922.6 992.0 975.9 981.7
Nondurable goods.................. 1,767.7 1,799.9 1,809.7 1,831.6 1,840.9 1,853.1 1,863.7 1,862.3 1,868.3 1,885.0 1,921.4 1,918.6
Services.......................... 3,417.4 3,440.7 3,477.7 3,508.2 3,541.7 3,570.6 3,576.3 3,589.3 3,597.5 3,616.6 3,642.2 3,669.2
------------------------------------------------------------------------------------------------
Change from preceding period in
billions of chained (1996) dollars
------------------------------------------------------------------------------------------------
Personal consumption expenditures... 67.3 73.5 78.3 46.3 58.6 32.0 37.2 22.0 22.9 93.1 49.8 30.4
Durable goods..................... 19.9 20.1 35.3 -8.2 17.2 -12.0 24.1 11.8 10.2 69.4 -16.1 5.8
Nondurable goods.................. 11.0 32.2 9.8 21.9 9.3 12.2 10.6 -1.4 6.0 16.7 36.4 -2.8
Services.......................... 37.7 23.3 37.0 30.5 33.5 28.9 5.7 13.0 8.2 19.1 25.6 27.0
------------------------------------------------------------------------------------------------
Percent change from preceding period in
chained (1996) dollars at annual rates
------------------------------------------------------------------------------------------------
Personal consumption expenditures... 4.6 5.0 5.3 3.0 3.8 2.1 2.4 1.4 1.5 6.0 3.1 1.9
Durable goods..................... 10.3 10.1 17.8 -3.7 8.1 -5.3 11.5 5.3 4.6 33.6 -6.3 2.4
Nondurable goods.................. 2.5 7.5 2.2 4.9 2.0 2.7 2.3 -.3 1.3 3.6 7.9 -.6
Services.......................... 4.5 2.8 4.4 3.6 3.9 3.3 .6 1.5 .9 2.1 2.9 3.0
------------------------------------------------------------------------------------------------------------------------------------
Table 9.--Price Indexes for Personal Consumption Expenditures: Level and Percent Change From Preceding Period (Months)
------------------------------------------------------------------------------------------------------------------------------------------------------------
Dec 98 Jan 99 Feb 99 Mar 99 Apr 99 May 99 Jun 99 Jul 99 Aug 99 Sep 99 Oct 99 Nov 99 Dec 99 Jan 00 Feb 00
------------------------------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
Chain-type price indexes (1996=100),
seasonally adjusted
------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures... 103.62 103.88 103.83 103.86 104.39 104.44 104.49 104.73 104.96 105.31 105.50 105.57 105.80 106.10 106.49
Durable goods..................... 94.24 94.10 93.68 93.27 93.41 93.27 93.00 92.89 92.78 92.80 92.59 92.42 92.10 92.05 91.81
Nondurable goods.................. 101.83 102.27 102.09 102.08 103.40 103.24 103.27 103.67 104.10 104.77 105.03 104.93 105.40 105.61 106.39
Services.......................... 106.54 106.80 106.90 107.07 107.26 107.48 107.61 107.86 108.05 108.32 108.56 108.79 109.02 109.45 109.79
Addendum:
Personal consumption expenditures
less food and energy............. 104.20 104.45 104.40 104.39 104.69 104.80 104.87 105.03 105.10 105.37 105.52 105.59 105.72 105.99 106.17
------------------------------------------------------------------------------------------------------------------------
Percent change from preceding period
in price indexes at monthly rates
------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures... .1 .2 .0 .0 .5 .1 .0 .2 .2 .3 .2 .1 .2 .3 .4
Durable goods..................... -.3 -.1 -.4 -.4 .1 -.2 -.3 -.1 -.1 .0 -.2 -.2 -.4 -.1 -.3
Nondurable goods.................. .2 .4 -.2 .0 1.3 -.2 .0 .4 .4 .6 .3 -.1 .4 .2 .7
Services.......................... .1 .2 .1 .2 .2 .2 .1 .2 .2 .2 .2 .2 .2 .4 .3
Addendum:
Personal consumption expenditures
less food and energy............. .2 .2 .0 .0 .3 .1 .1 .2 .1 .3 .1 .1 .1 .2 .2
------------------------------------------------------------------------------------------------------------------------------------------------------------
Table 9.--Price Indexes for Personal Consumption Expenditures: Level and Percent Change From Preceding Period (Months)--Continued
----------------------------------------------------------------------------------------------------------------------------------------------------
Mar 00 Apr 00 May 00 Jun 00 Jul 00 Aug 00 Sep 00 Oct 00 Nov 00 Dec 00 Jan 01 Feb 01 Mar 01 Apr 01
----------------------------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------
Chain-type price indexes (1996=100),
seasonally adjusted
----------------------------------------------------------------------------------------------------------------
Personal consumption expenditures... 106.96 107.00 107.01 107.33 107.53 107.52 107.95 108.12 108.26 108.40 109.00 109.21 109.24 109.43
Durable goods..................... 91.89 91.78 91.88 91.56 91.42 91.13 91.16 90.97 90.99 90.89 91.03 90.68 90.34 90.15
Nondurable goods.................. 107.47 107.22 106.90 107.72 107.98 107.62 108.52 108.48 108.61 108.50 108.83 109.21 108.97 109.47
Services.......................... 110.04 110.27 110.44 110.65 110.90 111.15 111.42 111.80 111.97 112.31 113.15 113.43 113.69 113.81
Addendum:
Personal consumption expenditures
less food and energy............. 106.43 106.64 106.70 106.69 106.86 106.98 107.21 107.35 107.53 107.63 108.05 108.29 108.44 108.52
----------------------------------------------------------------------------------------------------------------
Percent change from preceding period
in price indexes at monthly rates
----------------------------------------------------------------------------------------------------------------
Personal consumption expenditures... .4 .0 .0 .3 .2 .0 .4 .2 .1 .1 .5 .2 .0 .2
Durable goods..................... .1 -.1 .1 -.3 -.2 -.3 .0 -.2 .0 -.1 .1 -.4 -.4 -.2
Nondurable goods.................. 1.0 -.2 -.3 .8 .2 -.3 .8 .0 .1 -.1 .3 .3 -.2 .5
Services.......................... .2 .2 .2 .2 .2 .2 .2 .3 .2 .3 .8 .2 .2 .1
Addendum:
Personal consumption expenditures
less food and energy............. .2 .2 .1 .0 .2 .1 .2 .1 .2 .1 .4 .2 .1 .1
----------------------------------------------------------------------------------------------------------------------------------------------------
Table 9.--Price Indexes for Personal Consumption Expenditures: Level and Percent Change From Preceding Period (Months)
----------------------------------------------------------------------------------------------------------------------------------------------------
May 01 Jun 01 Jul 01 Aug 01 Sep 01 Oct 01 Nov 01 Dec 01 Jan 02 Feb 02 Mar 02 Apr 02 May 02 Jun 02/p/
----------------------------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------
Chain-type price indexes (1996=100),
seasonally adjusted
----------------------------------------------------------------------------------------------------------------
Personal consumption expenditures... 109.69 109.80 109.79 109.79 109.28 109.92 109.88 109.72 109.92 110.13 110.38 110.85 110.78 110.88
Durable goods..................... 89.81 89.72 89.64 89.25 88.97 88.94 88.97 88.94 88.56 87.83 87.60 87.46 87.45 87.18
Nondurable goods.................. 109.91 110.00 109.28 108.95 110.03 109.22 108.46 107.67 107.99 108.46 109.10 110.17 109.48 109.58
Services.......................... 114.13 114.31 114.68 114.95 113.57 115.14 115.44 115.58 115.87 116.20 116.37 116.68 116.93 117.12
Addendum:
Personal consumption expenditures
less food and energy............. 108.54 108.68 109.02 109.08 108.24 109.35 109.61 109.60 109.72 109.97 110.03 110.31 110.34 110.43
----------------------------------------------------------------------------------------------------------------
Percent change from preceding period
in price indexes at monthly rates
----------------------------------------------------------------------------------------------------------------
Personal consumption expenditures... .2 .1 .0 .0 -.5 .6 .0 -.1 .2 .2 .2 .4 -.1 .1
Durable goods..................... -.4 -.1 -.1 -.4 -.3 .0 .0 .0 -.4 -.8 -.3 -.2 .0 -.3
Nondurable goods.................. .4 .1 -.7 -.3 1.0 -.7 -.7 -.7 .3 .4 .6 1.0 -.6 .1
Services.......................... .3 .2 .3 .2 -1.2 1.4 .3 .1 .3 .3 .1 .3 .2 .2
Addendum:
Personal consumption expenditures
less food and energy............. .0 .1 .3 .1 -.8 1.0 .2 .0 .1 .2 .1 .3 .0 .1
----------------------------------------------------------------------------------------------------------------------------------------------------
p Preliminary.
Table 10.--Percent Change From Month One Year Ago in Chained (1996) Dollars for Selected Series
------------------------------------------------------------------------------------------------------------------------------------------------------------
Dec 98 Jan 99 Feb 99 Mar 99 Apr 99 May 99 Jun 99 Jul 99 Aug 99 Sep 99 Oct 99 Nov 99 Dec 99 Jan 00 Feb 00
------------------------------------------------------------------------------------------------------------------------------------------------------------
Disposable personal income.......... 4.7 4.3 3.7 3.1 2.6 2.4 2.2 1.9 2.2 1.4 2.0 2.4 3.0 3.7 3.8
Personal consumption expenditures... 5.2 4.9 4.8 5.0 5.4 4.4 4.7 5.1 5.1 4.8 4.8 4.7 5.4 5.2 5.3
Durable goods..................... 13.8 9.7 12.1 15.1 15.4 7.6 12.5 14.7 13.6 11.8 9.8 9.7 10.5 15.8 13.6
Nondurable goods.................. 5.4 4.9 5.1 4.4 4.5 4.7 4.3 4.1 4.6 4.4 4.5 4.2 6.1 3.9 4.0
Services.......................... 3.4 4.0 3.3 3.4 3.9 3.6 3.3 3.8 3.7 3.6 4.0 4.0 4.0 3.8 4.2
------------------------------------------------------------------------------------------------------------------------------------------------------------
Table 10.--Percent Change From Month One Year Ago in Chained (1996) Dollars for Selected Series--Continued
----------------------------------------------------------------------------------------------------------------------------------------------------
Mar 00 Apr 00 May 00 Jun 00 Jul 00 Aug 00 Sep 00 Oct 00 Nov 00 Dec 00 Jan 01 Feb 01 Mar 01 Apr 01
----------------------------------------------------------------------------------------------------------------------------------------------------
Disposable personal income.......... 4.0 4.6 5.0 4.9 5.5 5.3 5.9 5.4 4.7 4.3 3.0 2.6 2.4 2.0
Personal consumption expenditures... 4.9 4.4 4.7 4.3 4.2 4.1 4.6 4.0 3.7 2.9 3.6 2.7 2.2 2.5
Durable goods..................... 10.0 8.3 10.5 6.4 6.6 7.0 9.9 6.0 4.5 1.1 2.2 2.1 2.8 3.2
Nondurable goods.................. 4.8 4.4 4.1 4.2 4.4 3.8 4.2 3.9 3.3 1.7 4.7 2.9 1.4 1.8
Services.......................... 4.0 3.7 3.9 3.9 3.6 3.6 3.8 3.6 3.8 3.9 3.2 2.7 2.5 2.7
----------------------------------------------------------------------------------------------------------------------------------------------------
Table 10.--Percent Change From Month One Year Ago in Chained (1996) Dollars for Selected Series--Continued
----------------------------------------------------------------------------------------------------------------------------------------------------
May 01 Jun 01 Jul 01 Aug 01 Sep 01 Oct 01 Nov 01 Dec 01 Jan 02 Feb 02 Mar 02 Apr 02 May 02 Jun 02/p/
----------------------------------------------------------------------------------------------------------------------------------------------------
Disposable personal income.......... 1.1 .9 2.0 3.5 2.9 .1 .2 .7 3.5 4.0 4.0 4.1 5.1 5.7
Personal consumption expenditures... 2.5 2.3 2.3 2.3 .8 3.1 2.8 2.5 2.4 3.2 3.3 3.2 2.9 3.2
Durable goods..................... 4.4 6.5 6.1 5.7 -.1 16.3 13.3 10.0 7.9 8.5 8.7 10.0 6.3 6.5
Nondurable goods.................. 1.9 1.3 1.9 2.1 .5 1.2 1.6 2.4 2.3 3.4 3.5 3.0 2.7 3.4
Services.......................... 2.3 1.9 1.8 1.7 1.2 1.5 1.3 1.1 1.4 2.0 2.1 1.9 2.3 2.5
----------------------------------------------------------------------------------------------------------------------------------------------------
p Preliminary.
Table 11.--Percent Change From Month One Year Ago in Chain-Type Price Indexes for Personal Consumption Expenditures
------------------------------------------------------------------------------------------------------------------------------------------------------------
Dec 98 Jan 99 Feb 99 Mar 99 Apr 99 May 99 Jun 99 Jul 99 Aug 99 Sep 99 Oct 99 Nov 99 Dec 99 Jan 00 Feb 00
------------------------------------------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures... 1.1 1.3 1.2 1.2 1.6 1.5 1.6 1.6 1.7 2.0 2.0 2.0 2.1 2.1 2.6
Durable goods..................... -2.4 -2.4 -2.7 -3.0 -2.9 -2.5 -2.5 -2.7 -2.5 -2.1 -2.2 -2.2 -2.3 -2.2 -2.0
Nondurable goods.................. .4 .8 .8 1.2 2.5 2.1 2.2 2.4 2.6 3.3 3.3 3.3 3.5 3.3 4.2
Services.......................... 2.3 2.3 2.2 2.1 2.1 2.1 2.1 2.1 2.1 2.2 2.2 2.2 2.3 2.5 2.7
Addendum:
Personal consumption expenditures
less food and energy............. 1.6 1.7 1.5 1.4 1.4 1.4 1.5 1.4 1.3 1.5 1.5 1.5 1.5 1.5 1.7
------------------------------------------------------------------------------------------------------------------------------------------------------------
Table 11.--Percent Change From Month One Year Ago in Chain-Type Price Indexes for Personal Consumption Expenditures--Continued
----------------------------------------------------------------------------------------------------------------------------------------------------
Mar 00 Apr 00 May 00 Jun 00 Jul 00 Aug 00 Sep 00 Oct 00 Nov 00 Dec 00 Jan 01 Feb 01 Mar 01 Apr 01
----------------------------------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures... 3.0 2.5 2.5 2.7 2.7 2.4 2.5 2.5 2.5 2.5 2.7 2.6 2.1 2.3
Durable goods..................... -1.5 -1.8 -1.5 -1.5 -1.6 -1.8 -1.8 -1.7 -1.5 -1.3 -1.1 -1.2 -1.7 -1.8
Nondurable goods.................. 5.3 3.7 3.6 4.3 4.2 3.4 3.6 3.3 3.5 2.9 3.1 2.6 1.4 2.1
Services.......................... 2.8 2.8 2.7 2.8 2.8 2.9 2.9 3.0 2.9 3.0 3.4 3.3 3.3 3.2
Addendum:
Personal consumption expenditures
less food and energy............. 2.0 1.9 1.8 1.7 1.7 1.8 1.7 1.7 1.8 1.8 2.0 2.0 1.9 1.8
----------------------------------------------------------------------------------------------------------------------------------------------------
Table 11.--Percent Change From Month One Year Ago in Chain-Type Price Indexes for Personal Consumption Expenditures--Continued
----------------------------------------------------------------------------------------------------------------------------------------------------
May 01 Jun 01 Jul 01 Aug 01 Sep 01 Oct 01 Nov 01 Dec 01 Jan 02 Feb 02 Mar 02 Apr 02 May 02 Jun 02/p/
----------------------------------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures... 2.5 2.3 2.1 2.1 1.2 1.7 1.5 1.2 .8 .8 1.0 1.3 1.0 1.0
Durable goods..................... -2.3 -2.0 -1.9 -2.1 -2.4 -2.2 -2.2 -2.1 -2.7 -3.1 -3.0 -3.0 -2.6 -2.8
Nondurable goods.................. 2.8 2.1 1.2 1.2 1.4 .7 -.1 -.8 -.8 -.7 .1 .6 -.4 -.4
Services.......................... 3.3 3.3 3.4 3.4 1.9 3.0 3.1 2.9 2.4 2.4 2.4 2.5 2.5 2.5
Addendum:
Personal consumption expenditures
less food and energy............. 1.7 1.9 2.0 2.0 1.0 1.9 1.9 1.8 1.5 1.6 1.5 1.7 1.7 1.6
----------------------------------------------------------------------------------------------------------------------------------------------------
p Preliminary.
Table 12.--Revisions to Personal Income and Its Disposition
---------------------------------------------------------------------------------------------------------------------------------
Billions of dollars
------------------------ ------------------------ Revisions as
Revised Revisions to percent of
estimates previously previously
published published
------------------------ ------------------------ ------------------------
1999 2000 2001 1999 2000 2001 1999 2000 2001
---------------------------------------------------------------------------------------------------------------------------------
Personal income........................ 7,786.5 8,406.6 8,685.3 9.2 87.4 -38.2 .1 1.1 -.4
Wage and salary disbursements........ 4,470.4 4,836.3 4,950.6 -1.8 -.9 -147.6 .0 .0 -2.9
Private industries................. 3,746.3 4,067.4 4,139.8 -1.6 -1.4 -152.4 .0 .0 -3.6
Goods-producing industries....... 1,088.6 1,163.7 1,142.4 -.1 .0 -54.9 .0 .0 -4.6
Manufacturing.................. 782.0 829.4 789.4 .0 -.7 -52.7 .0 -.1 -6.3
Distributive industries.......... 1,020.8 1,094.8 1,109.2 -.2 -.8 -36.3 .0 -.1 -3.2
Service industries............... 1,636.9 1,808.9 1,888.2 -1.3 -.6 -61.2 -.1 .0 -3.1
Government......................... 724.2 768.9 810.8 -.1 .5 4.8 .0 .1 .6
Other labor income................... 510.2 544.2 570.4 .5 10.0 16.6 .1 1.9 3.0
Proprietors' income with
inventory valuation and capital
consumption adjustments............. 678.4 714.8 727.9 6.4 -.2 -15.6 1.0 .0 -2.1
Farm............................... 27.7 22.6 19.0 1.1 -8.0 -8.6 4.1 -26.1 -31.2
Nonfarm............................ 650.7 692.2 708.8 5.3 7.8 -7.1 .8 1.1 -1.0
Rental income of persons with
capital consumption adjustment...... 149.1 146.6 137.9 1.4 5.0 -4.7 .9 3.5 -3.3
Personal dividend income............. 328.0 375.7 409.2 -15.1 -3.5 -7.1 -4.4 -.9 -1.7
Personal interest income............. 969.2 1,077.0 1,091.3 19.2 76.4 97.7 2.0 7.6 9.8
Transfer payments to persons......... 1,018.5 1,070.3 1,170.4 -1.1 1.2 21.6 -.1 .1 1.9
Old-age, survivors, disability,
and health insurance benefits..... 588.0 617.2 664.3 .0 -.1 -.1 .0 .0 .0
Government unemployment
insurance benefits................ 20.3 20.5 31.9 .0 .2 8.2 .0 1.0 34.6
Other.............................. 410.2 432.5 474.2 -1.0 1.0 13.5 -.2 .2 2.9
Less: Personal contributions for
social insurance.................... 337.4 358.4 372.3 .3 .7 -1.0 .1 .2 -.3
Less: Personal tax and nontax
payments.............................. 1,159.1 1,286.4 1,292.1 -.1 -1.8 -14.1 .0 -.1 -1.1
Equals: Disposable personal income..... 6,627.4 7,120.2 7,393.2 9.4 89.2 -24.1 .1 1.3 -.3
Less: Personal outlays................. 6,453.3 6,918.6 7,223.5 -3.9 -44.7 -75.4 -.1 -.6 -1.0
Personal consumption expenditures.... 6,246.5 6,683.7 6,987.0 -3.7 -44.7 -77.5 -.1 -.7 -1.1
Durable goods...................... 755.9 803.9 835.9 -5.0 -15.7 -22.4 -.7 -1.9 -2.6
Nondurable goods................... 1,830.1 1,972.9 2,041.3 -1.2 -16.7 -13.8 -.1 -.8 -.7
Services........................... 3,660.5 3,906.9 4,109.9 2.5 -12.3 -41.2 .1 -.3 -1.0
Interest paid by persons............. 179.5 205.4 205.4 -.2 .1 2.2 -.1 .0 1.1
Personal transfer payments to the
rest of the world (net)............. 27.3 29.5 31.1 .1 -.1 -.1 .4 -.3 -.3
Equals: Personal saving................ 174.0 201.5 169.7 13.1 133.8 51.3 ..... ..... .....
Addenda:
Disposable personal income:
Total, billions of chained
(1996) dollars\1\................. 6,328.4 6,630.3 6,748.0 8.4 91.1 -24.4 .1 1.4 -.4
Per capita:
Current dollars.................. 23,742 25,205 25,859 34 316 -84 .1 1.3 -.3
Chained (1996) dollars........... 22,671 23,471 23,602 30 323 -85 .1 1.4 -.4
Population (thousands)............. 279,144 282,489 285,908 0 0 0 .0 .0 .0
Personal saving as a percentage
of disposable personal income....... 2.6 2.8 2.3 .2 1.8 .7 ..... ..... .....
---------------------------------------------------------------------------------------------------------------------------------
1. Equals disposable personal income deflated by the implicit price deflator for
personal consumption expenditures.
Table 13.--Personal Income and Related Measures: Revisions in Level and Percent Changes from Previous Period (Months)
------------------------------------------------------------------------------------------------------------------------------------------------------------
Dec 98 Jan 99 Feb 99 Mar 99 Apr 99 May 99 Jun 99 Jul 99 Aug 99 Sep 99 Oct 99 Nov 99 Dec 99 Jan 00 Feb 00
------------------------------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
Seasonally adjusted at annual rates
------------------------------------------------------------------------------------------------------------------------
Level change in billions of dollars:
Personal income................... 15.7 40.0 18.6 18.8 17.1 29.8 31.9 20.0 46.1 10.7 67.8 57.1 72.5 122.0 59.2
Previously published............ 15.7 15.4 19.3 17.8 34.1 33.8 39.9 31.7 41.9 4.7 63.1 35.7 49.8 69.2 43.7
Disposable personal income........ 6.6 40.8 6.9 18.6 15.8 17.8 22.5 9.6 50.7 -12.0 59.2 46.2 57.1 92.9 45.8
Previously published............ 6.6 20.7 8.9 17.0 28.4 20.8 28.2 19.5 46.7 -18.0 54.9 27.7 37.7 49.2 30.5
Personal consumption expenditures. 46.1 8.8 39.6 42.8 58.2 6.8 43.7 36.3 37.7 33.1 35.8 17.3 99.1 .7 71.7
Previously published............ 46.1 5.9 47.1 48.9 55.7 -5.3 47.8 38.0 35.4 28.9 42.7 32.6 92.2 15.7 72.8
Personal saving as a percentage
of disposable personal income...... 3.9 4.4 3.9 3.5 2.8 2.9 2.6 2.1 2.3 1.6 1.9 2.3 1.6 2.8 2.4
Previously published.............. 3.9 4.1 3.5 3.0 2.5 2.9 2.6 2.3 2.4 1.7 1.8 1.7 .8 1.3 .6
------------------------------------------------------------------------------------------------------------------------
Percent change from previous period for
current dollar measures at monthly rates
------------------------------------------------------------------------------------------------------------------------
Personal income..................... .2 .5 .2 .2 .2 .4 .4 .3 .6 .1 .9 .7 .9 1.5 .7
Previously published.............. .2 .2 .3 .2 .4 .4 .5 .4 .5 .1 .8 .5 .6 .9 .5
Disposable personal income.......... .1 .6 .1 .3 .2 .3 .3 .1 .8 -.2 .9 .7 .8 1.4 .7
Previously published.............. .1 .3 .1 .3 .4 .3 .4 .3 .7 -.3 .8 .4 .6 .7 .4
Personal consumption expenditures... .8 .1 .7 .7 1.0 .1 .7 .6 .6 .5 .6 .3 1.6 .0 1.1
Previously published.............. .8 .1 .8 .8 .9 -.1 .8 .6 .6 .5 .7 .5 1.4 .2 1.1
------------------------------------------------------------------------------------------------------------------------
Percent change from previous period
for chained (1996) dollar measures
at monthly rates
------------------------------------------------------------------------------------------------------------------------
Real disposable personal income..... .0 .4 .2 .3 -.3 .2 .3 -.1 .6 -.5 .7 .6 .6 1.1 .3
Previously published.............. .0 .1 .1 .2 .0 .3 .4 .0 .5 -.6 .7 .3 .3 .3 .0
Real personal consumption
expenditures....................... .7 -.1 .7 .7 .4 .1 .7 .3 .4 .2 .4 .2 1.3 -.3 .7
Previously published.............. .7 -.1 .8 .8 .4 -.1 .7 .3 .4 .1 .5 .4 1.2 -.1 .7
Percent change in the implicit
price deflator for personal
consumption expenditures........... .1 .2 .0 .0 .5 .1 .0 .2 .2 .3 .2 .1 .2 .3 .4
Previously published.............. .1 .2 .0 .0 .5 .0 .0 .3 .2 .4 .2 .1 .2 .4 .4
------------------------------------------------------------------------------------------------------------------------------------------------------------
Table 13.--Personal Income and Related Measures: Revisions in Level and Percent Changes from Previous Period (Months)--Continued
----------------------------------------------------------------------------------------------------------------------------------------------------
Mar 00 Apr 00 May 00 Jun 00 Jul 00 Aug 00 Sep 00 Oct 00 Nov 00 Dec 00 Jan 01 Feb 01 Mar 01 Apr 01
----------------------------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------
Seasonally adjusted at annual rates
----------------------------------------------------------------------------------------------------------------
Level change in billions of dollars:
Personal income................... 67.6 26.4 46.9 48.4 54.2 33.5 39.7 31.3 15.8 27.7 44.1 11.4 18.4 4.7
Previously published............ 65.0 60.8 49.1 45.7 26.3 33.2 45.6 55.7 34.8 53.2 37.3 36.2 36.0 20.8
Disposable personal income........ 60.0 24.1 45.7 36.2 46.3 22.3 31.3 28.1 11.4 22.9 27.7 8.8 15.3 10.4
Previously published............ 55.1 47.5 44.5 31.6 25.4 21.7 35.6 44.6 26.7 45.3 34.0 32.3 31.7 21.2
Personal consumption expenditures. 52.2 .8 21.6 37.9 26.3 20.0 75.8 -4.9 5.4 47.9 60.1 7.3 -6.0 28.7
Previously published............ 62.1 2.0 22.6 30.6 43.1 24.9 69.0 6.3 23.8 28.2 62.3 18.1 15.5 23.3
Personal saving as a percentage
of disposable personal income...... 2.5 2.8 3.1 3.0 3.2 3.2 2.5 2.9 3.0 2.7 2.2 2.3 2.6 2.3
Previously published.............. .5 1.1 1.4 1.3 1.0 .9 .4 .9 1.0 1.2 .9 1.1 1.3 1.3
----------------------------------------------------------------------------------------------------------------
Percent change from previous period for
current dollar measures at monthly rates
----------------------------------------------------------------------------------------------------------------
Personal income..................... .8 .3 .6 .6 .6 .4 .5 .4 .2 .3 .5 .1 .2 .1
Previously published.............. .8 .7 .6 .6 .3 .4 .5 .7 .4 .6 .4 .4 .4 .2
Disposable personal income.......... .9 .3 .7 .5 .7 .3 .4 .4 .2 .3 .4 .1 .2 .1
Previously published.............. .8 .7 .6 .5 .4 .3 .5 .6 .4 .6 .5 .4 .4 .3
Personal consumption expenditures... .8 .0 .3 .6 .4 .3 1.1 -.1 .1 .7 .9 .1 -.1 .4
Previously published.............. .9 .0 .3 .5 .6 .4 1.0 .1 .3 .4 .9 .3 .2 .3
----------------------------------------------------------------------------------------------------------------
Percent change from previous period
for chained (1996) dollar measures
at monthly rates
----------------------------------------------------------------------------------------------------------------
Real disposable personal income..... .4 .3 .6 .2 .5 .3 .0 .2 .0 .2 -.2 -.1 .2 .0
Previously published.............. .4 .7 .6 .1 .1 .3 .1 .5 .3 .5 -.1 .2 .5 .1
Real personal consumption
expenditures....................... .4 .0 .3 .3 .2 .3 .7 -.2 -.1 .6 .3 -.1 -.1 .2
Previously published.............. .5 .1 .3 .1 .4 .4 .6 .0 .2 .3 .3 .0 .3 .2
Percent change in the implicit
price deflator for personal
consumption expenditures........... .4 .0 .0 .3 .2 .0 .4 .2 .1 .1 .5 .2 .0 .2
Previously published.............. .5 .0 .0 .3 .3 .0 .4 .1 .1 .1 .6 .2 .0 .2
----------------------------------------------------------------------------------------------------------------------------------------------------
Table 13.--Personal Income and Related Measures: Revisions in Level and Percent Changes from Previous Period (Months)--Continued
----------------------------------------------------------------------------------------------------------------------------------------------------
May 01 Jun 01 Jul 01 Aug 01 Sep 01 Oct 01 Nov 01 Dec 01 Jan 02 Feb 02 Mar 02 Apr 02 May 02 Jun 02/p/
----------------------------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------
Seasonally adjusted at annual rates
----------------------------------------------------------------------------------------------------------------
Level change in billions of dollars:
Personal income................... -10.6 13.0 28.8 -9.1 6.5 -22.3 1.5 44.2 44.0 40.7 25.2 35.4 39.4 57.0
Previously published............ 12.3 28.3 30.9 7.4 -4.9 -11.4 -2.4 27.6 55.9 48.3 39.4 20.7 23.1 .....
Disposable personal income........ -6.9 10.6 117.0 132.5 -77.7 -144.2 9.8 36.7 210.3 44.5 28.3 42.2 40.9 55.0
Previously published............ 12.2 20.9 128.4 145.8 -91.4 -136.8 2.4 17.1 207.0 50.4 39.3 22.7 19.7 .....
Personal consumption expenditures. 34.9 14.3 16.6 20.2 -82.0 178.7 -27.1 10.5 32.7 56.2 18.5 37.6 -2.3 35.6
Previously published............ 26.4 29.1 20.8 6.1 -120.3 208.9 -19.4 8.5 31.0 57.4 25.6 40.1 -4.2 .....
Personal saving as a percentage
of disposable personal income...... 1.8 1.7 3.0 4.5 4.6 .3 .9 1.3 3.6 3.5 3.6 3.6 4.1 4.2
Previously published.............. 1.1 1.0 2.4 4.2 4.7 .1 .4 .6 2.9 2.8 3.1 2.8 3.1 .....
----------------------------------------------------------------------------------------------------------------
Percent change from previous period for
current dollar measures at monthly rates
----------------------------------------------------------------------------------------------------------------
Personal income..................... -.1 .1 .3 -.1 .1 -.3 .0 .5 .5 .5 .3 .4 .4 .6
Previously published.............. .1 .3 .4 .1 -.1 -.1 .0 .3 .6 .5 .4 .2 .3 .....
Disposable personal income.......... -.1 .1 1.6 1.8 -1.0 -1.9 .1 .5 2.8 .6 .4 .5 .5 .7
Previously published.............. .2 .3 1.7 1.9 -1.2 -1.8 .0 .2 2.8 .7 .5 .3 .3 .....
Personal consumption expenditures... .5 .2 .2 .3 -1.2 2.6 -.4 .1 .5 .8 .3 .5 .0 .5
Previously published.............. .4 .4 .3 .1 -1.7 3.0 -.3 .1 .4 .8 .4 .6 -.1 .....
----------------------------------------------------------------------------------------------------------------
Percent change from previous period
for chained (1996) dollar measures
at monthly rates
----------------------------------------------------------------------------------------------------------------
Real disposable personal income..... -.3 .0 1.6 1.8 -.6 -2.5 .2 .6 2.6 .4 .1 .1 .6 .6
Previously published.............. .1 .1 1.8 1.9 -.7 -2.4 .1 .4 2.6 .5 .2 -.1 .3 .....
Real personal consumption
expenditures....................... .3 .1 .2 .3 -.7 2.0 -.3 .3 .3 .6 .0 .1 .0 .4
Previously published.............. .3 .3 .3 .1 -1.2 2.3 -.2 .3 .3 .6 .1 .1 .0 .....
Percent change in the implicit
price deflator for personal
consumption expenditures........... .2 .1 .0 .0 -.5 .6 .0 -.1 .2 .2 .2 .4 -.1 .1
Previously published.............. .1 .1 .0 .0 -.5 .6 -.1 -.1 .2 .2 .3 .4 -.1 .....
----------------------------------------------------------------------------------------------------------------------------------------------------
p Preliminary.
Table 14.--Personal Income and Related Measures: Revisions in Level and Percent Changes from Previous Period
(Years and Quarters)
--------------------------------------------------------------------------------------------------------------------
1998 1999 2000 2001 I 98 II 98 III 98 IV 98 I 99 II 99
--------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Seasonally adjusted at annual rates
--------------------------------------------------------------------------------
Level change in billions of dollars:
Personal income................... 489.0 360.5 620.1 278.7 156.9 128.0 107.9 85.1 80.1 66.3
Previously published............ 489.0 351.3 541.9 404.3 156.9 128.0 107.9 85.1 55.6 88.2
Disposable personal income........ 387.4 271.8 492.8 273.0 129.2 106.6 79.6 60.3 63.0 49.9
Previously published............ 387.4 262.4 413.0 386.3 129.2 106.6 79.6 60.3 43.7 66.0
Personal consumption expenditures. 326.7 390.5 437.2 303.3 79.3 100.1 75.1 94.0 87.5 119.0
Previously published............ 326.7 394.2 478.2 336.1 79.3 100.1 75.1 94.0 91.6 116.4
Personal saving as a percentage
of disposable personal income...... 4.7 2.6 2.8 2.3 4.9 4.9 4.9 4.3 3.9 2.7
Previously published.............. 4.7 2.4 1.0 1.6 4.9 4.9 4.9 4.3 3.5 2.7
--------------------------------------------------------------------------------
Percent change from previous period for
current dollar measures at annual rates
--------------------------------------------------------------------------------
Personal income..................... 7.0 4.9 8.0 3.3 9.1 7.2 6.0 4.6 4.3 3.5
Previously published.............. 7.0 4.7 7.0 4.9 9.1 7.2 6.0 4.6 3.0 4.7
Disposable personal income.......... 6.5 4.3 7.4 3.8 8.8 7.0 5.1 3.8 4.0 3.1
Previously published.............. 6.5 4.1 6.2 5.5 8.8 7.0 5.1 3.8 2.7 4.1
Personal consumption expenditures... 5.9 6.7 7.0 4.5 5.7 7.2 5.3 6.5 6.0 8.1
Previously published.............. 5.9 6.7 7.7 5.0 5.7 7.2 5.3 6.5 6.3 7.9
--------------------------------------------------------------------------------
Percent change from previous period
for chained (1996) dollar measures
at annual rates
--------------------------------------------------------------------------------
Real disposable personal income..... 5.4 2.6 4.8 1.8 8.1 6.0 3.7 2.4 2.7 .8
Previously published.............. 5.4 2.5 3.5 3.6 8.1 6.0 3.7 2.4 1.4 2.0
Real personal consumption
expenditures....................... 4.8 4.9 4.4 2.5 5.1 6.2 3.8 5.1 4.7 5.7
Previously published.............. 4.8 5.0 4.8 3.1 5.1 6.2 3.8 5.1 4.9 5.7
Percent change in the implicit
price deflator for personal
consumption expenditures........... 1.1 1.6 2.5 2.0 .6 1.0 1.4 1.4 1.2 2.3
Previously published.............. 1.1 1.6 2.7 1.9 .6 1.0 1.4 1.4 1.3 2.0
--------------------------------------------------------------------------------------------------------------------
Table 14.--Personal Income and Related Measures: Revisions in Level and Percent Changes from Previous Period
(Years and Quarters)--Continued
------------------------------------------------------------------------------------------------------------------------------------
III 99 IV 99 I 00 II 00 III 00 IV 00 I 01 II 01 III 01 IV 01 I 02 II 02
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------
Seasonally adjusted at annual rates
------------------------------------------------------------------------------------------------
Level change in billions of dollars:
Personal income................... 85.5 152.5 251.4 138.6 137.6 88.8 81.5 18.1 30.0 -5.3 109.5 111.1
Previously published............ 99.1 120.6 165.1 166.6 110.5 138.1 120.6 74.4 57.2 -4.6 118.8 .....
Disposable personal income........ 60.3 117.9 196.9 121.9 111.0 71.6 57.7 22.5 184.2 -133.0 277.1 121.5
Previously published............ 70.3 89.5 122.3 134.6 87.6 108.5 105.2 68.2 213.2 -141.9 265.9 .....
Personal consumption expenditures. 103.8 115.1 137.7 86.5 97.4 71.9 96.7 55.1 23.9 116.2 74.3 79.0
Previously published............ 101.3 126.3 157.2 93.0 110.6 85.9 106.2 67.0 13.0 120.6 77.0 .....
Personal saving as a percentage
of disposable personal income...... 2.0 1.9 2.6 2.9 2.9 2.9 2.4 1.9 4.0 .8 3.5 4.0
Previously published.............. 2.1 1.4 .8 1.3 .8 1.0 1.1 1.1 3.8 .4 2.9 .....
------------------------------------------------------------------------------------------------
Percent change from previous period for
current dollar measures at annual rates
------------------------------------------------------------------------------------------------
Personal income..................... 4.5 8.0 13.2 6.9 6.8 4.2 3.9 .8 1.4 -.2 5.1 5.1
Previously published.............. 5.2 6.3 8.6 8.5 5.5 6.8 5.8 3.5 2.7 -.2 5.5 .....
Disposable personal income.......... 3.7 7.3 12.2 7.2 6.4 4.0 3.2 1.2 10.4 -6.9 15.9 6.5
Previously published.............. 4.3 5.5 7.5 8.1 5.1 6.3 6.0 3.8 12.1 -7.3 15.1 .....
Personal consumption expenditures... 6.9 7.5 8.9 5.4 6.0 4.3 5.8 3.2 1.4 6.8 4.3 4.5
Previously published.............. 6.7 8.3 10.2 5.8 6.8 5.2 6.3 3.9 .7 7.0 4.4 .....
------------------------------------------------------------------------------------------------
Percent change from previous period
for chained (1996) dollar measures
at annual rates
------------------------------------------------------------------------------------------------
Real disposable personal income..... 1.5 4.8 8.4 4.8 4.3 1.8 -.1 -.6 10.5 -7.6 14.6 3.8
Previously published.............. 2.1 3.0 3.3 5.8 2.6 4.2 2.7 2.4 12.3 -8.1 13.9 .....
Real personal consumption
expenditures....................... 4.6 5.0 5.3 3.0 3.8 2.1 2.4 1.4 1.5 6.0 3.1 1.9
Previously published.............. 4.4 5.7 5.9 3.6 4.3 3.1 3.0 2.5 1.0 6.1 3.3 .....
Percent change in the implicit
price deflator for personal
consumption expenditures........... 2.2 2.4 3.4 2.3 2.1 2.2 3.3 1.8 -.1 .8 1.1 2.6
Previously published.............. 2.2 2.4 4.0 2.1 2.4 2.0 3.2 1.3 -.2 .8 1.0 .....
------------------------------------------------------------------------------------------------------------------------------------
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