Table 2.-The Disposition of Personal Income [Billions of dollars] ---------------------------------------------------------------------------------------------------------------------------- 1999 2000 Dec 00 Jan 01/r/ Feb 01/r/ Mar 01/r/ Apr 01/r/ May 01/p/ ---------------------------------------------------------------------------------------------------------------------------- Personal income..................... 7,789.6 8,281.7 8,461.0 8,510.6 8,555.8 8,596.0 8,613.4 8,631.6 Less: Personal tax and nontax payments........................... 1,152.0 1,291.9 1,351.2 1,364.4 1,372.3 1,379.8 1,378.9 1,382.5 Equals: Disposable personal income.. 6,637.7 6,989.8 7,109.8 7,146.2 7,183.5 7,216.2 7,234.5 7,249.1 Less: Personal outlays.............. 6,490.1 6,998.3 7,160.7 7,236.5 7,254.0 7,272.7 7,310.5 7,331.9 Personal consumption expenditures. 6,268.7 6,757.3 6,910.9 6,985.9 7,001.6 7,019.5 7,055.1 7,074.9 Interest paid by persons.......... 194.8 212.2 220.8 223.1 224.9 225.7 227.8 229.4 Personal transfer payments to the rest of the world (net).......... 26.6 28.8 29.0 27.5 27.5 27.5 27.5 27.5 Equals: Personal saving............. 147.6 -8.5 -50.9 -90.3 -70.5 -56.5 -76.0 -82.8 Addenda: Disposable personal income: Chained (1996) dollars\1\....... 6,331.0 6,511.0 6,567.6 6,566.2 6,589.5 6,618.6 6,619.3 6,624.0 Per capita: Current dollars............... 24,314 25,379 25,706 25,817 25,932 26,030 26,076 26,109 Chained (1996) dollars........ 23,191 23,640 23,745 23,722 23,788 23,874 23,859 23,858 Population (thousands)\2\....... 272,996 275,423 276,585 276,798 277,011 277,223 277,436 277,649 Personal saving as a percentage of disposable personal income.... 2.2 -.1 -.7 -1.3 -1.0 -.8 -1.0 -1.1 ---------------------------------------------------------------------------------------------------------------------------- p Preliminary. r Revised. 1. Equals disposable personal income deflated by the implicit price deflator for personal consumption expenditures. 2. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized population. The monthly estimate is the average of estimates for the first of the month and the first of the following month; the annual estimate is the average of the monthly estimates. Prior to January 2001, first-of-the-month estimates are from Census Bureau surveys and are consistent with the 1990 Census of Population. Beginning with January 2001, first-of-the-month estimates are derived by BEA based on extrapolations of the Census Bureau estimates. Source: U.S. Department of Commerce, Bureau of Economic Analysis. Table 3.-Personal Income and Its Disposition, Change from Preceding Period [Billions of dollars] ---------------------------------------------------------------------------------------------------------------------------- 1999 2000 Dec 00 Jan 01/r/ Feb 01/r/ Mar 01/r/ Apr 01/r/ May 01/p/ ---------------------------------------------------------------------------------------------------------------------------- Personal income..................... 398.6 492.1 38.9 49.6 45.2 40.2 17.4 18.2 Wage and salary disbursements..... 279.3 299.4 12.0 37.8 34.0 25.3 15.9 8.3 Private industries.............. 247.6 262.9 10.0 29.1 28.9 22.3 12.7 6.1 Goods-producing industries.... 50.6 64.0 -7.6 9.1 5.9 5.8 -7.6 .6 Manufacturing............... 25.8 33.5 -7.0 1.4 2.2 1.2 -3.0 -4.8 Distributive industries....... 71.2 87.0 7.8 8.2 7.8 4.4 8.8 3.4 Service industries............ 125.7 112.0 9.8 11.8 15.2 12.0 11.6 2.1 Government...................... 31.7 36.5 2.0 8.7 5.1 3.1 3.1 2.2 Other labor income................ 15.5 23.0 2.2 2.9 2.2 1.9 2.2 2.0 Proprietors' income with inventory valuation and capital consumption adjustments.......... 42.8 46.9 6.8 .9 7.6 8.2 -.2 3.3 Farm............................ -.1 -2.7 6.2 -4.3 3.7 3.7 -2.2 -1.4 Nonfarm......................... 43.0 49.6 .6 5.2 4.0 4.4 2.1 4.6 Rental income of persons with capital consumption adjustment... 8.0 -3.4 2.3 -.6 1.4 1.4 -1.1 -.8 Personal dividend income.......... 19.2 26.3 2.7 2.2 2.3 2.1 2.1 1.9 Personal interest income.......... 22.9 70.6 1.8 -5.2 -5.3 -5.5 -2.5 -3.0 Transfer payments to persons...... 33.2 51.6 12.0 18.3 5.3 8.3 2.2 7.1 Old-age, survivors, disability, and health insurance benefits.. 10.0 34.4 8.5 14.1 3.8 4.4 2.4 3.0 Government unemployment insurance benefits............. .8 -.2 .4 .3 .2 -.1 .2 .1 Other.......................... 22.5 17.4 3.2 3.8 1.3 4.2 -.4 3.9 Less: Personal contributions for social insurance................. 22.3 22.2 .8 6.8 2.3 1.6 1.1 .6 Less: Personal tax and nontax payments........................... 81.1 139.9 8.3 13.2 7.9 7.5 -.9 3.6 Equals: Disposable personal income.. 317.7 352.1 30.6 36.4 37.3 32.7 18.3 14.6 Less: Personal outlays.............. 435.4 508.2 22.7 75.8 17.5 18.7 37.8 21.4 Personal consumption expenditures. 417.8 488.6 21.8 75.0 15.7 17.9 35.6 19.8 Interest paid by persons.......... 15.0 17.4 1.0 2.3 1.8 .8 2.1 1.6 Personal transfer payments to the rest of the world (net).......... 2.6 2.2 .0 -1.5 .0 .0 .0 .0 Equals: Personal saving............. -117.8 -156.1 7.9 -39.4 19.8 14.0 -19.5 -6.8 Addendum: Disposable personal income: chained (1996) dollars\1\........ 196.9 180.0 19.4 -1.4 23.3 29.1 .7 4.7 ---------------------------------------------------------------------------------------------------------------------------- p Preliminary. r Revised. 1. Equals disposable personal income deflated by the implicit price deflator for personal consumption expenditures. Source: U.S. Department of Commerce, Bureau of Economic Analysis. Table 4-Personal Consumption Expenditures by Major Type of Product [Billions of dollars; months seasonally adjusted at annual rates] ---------------------------------------------------------------------------------------------------------------------------- 1999 2000 Dec 00 Jan 01/r/ Feb 01/r/ Mar 01/r/ Apr 01/r/ May 01/p/ ---------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------- Billions of current dollars ---------------------------------------------------------------------------------------- Personal consumption expenditures... 6,268.7 6,757.3 6,910.9 6,985.9 7,001.6 7,019.5 7,055.1 7,074.9 Durable goods..................... 761.3 820.3 805.8 829.8 847.3 840.5 841.1 838.8 Nondurable goods.................. 1,845.5 2,010.0 2,048.9 2,080.7 2,073.5 2,061.2 2,082.6 2,092.4 Services.......................... 3,661.9 3,927.0 4,056.2 4,075.3 4,080.7 4,117.9 4,131.4 4,143.7 ---------------------------------------------------------------------------------------- Billions of chained (1996) dollars ---------------------------------------------------------------------------------------- Personal consumption expenditures... 5,978.8 6,294.3 6,383.8 6,418.9 6,422.7 6,438.1 6,455.2 6,464.9 Durable goods..................... 817.8 896.0 884.8 909.7 932.1 927.9 930.8 932.3 Nondurable goods.................. 1,779.4 1,869.0 1,890.4 1,914.7 1,898.5 1,891.5 1,903.1 1,906.4 Services.......................... 3,390.8 3,543.9 3,619.0 3,609.1 3,610.3 3,635.3 3,638.2 3,643.2 ---------------------------------------------------------------------------------------- Chain-type price indexes (1996=100) ---------------------------------------------------------------------------------------- Personal consumption expenditures... 104.85 107.36 108.27 108.84 109.02 109.04 109.31 109.45 Durable goods..................... 93.09 91.54 91.06 91.21 90.89 90.57 90.35 89.96 Nondurable goods.................. 103.71 107.56 108.40 108.69 109.24 108.98 109.45 109.77 Services.......................... 107.99 110.81 112.09 112.93 113.04 113.28 113.56 113.75 Addendum: Personal consumption expenditures less food and energy........... 105.11 106.79 107.47 107.89 108.04 108.17 108.35 108.28 ---------------------------------------------------------------------------------------- Change from preceding period ---------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------- Billions of current dollars ---------------------------------------------------------------------------------------- Personal consumption expenditures... 417.8 488.6 21.8 75.0 15.7 17.9 35.6 19.8 Durable goods..................... 67.4 59.0 -10.2 24.0 17.5 -6.8 .6 -2.3 Nondurable goods.................. 137.9 164.5 4.5 31.8 -7.2 -12.3 21.4 9.8 Services.......................... 212.6 265.1 27.5 19.1 5.4 37.2 13.5 12.3 ---------------------------------------------------------------------------------------- Billions of chained (1996) dollars ---------------------------------------------------------------------------------------- Personal consumption expenditures... 300.1 315.5 11.4 35.1 3.8 15.4 17.1 9.7 Durable goods..................... 90.5 78.2 -11.3 24.9 22.4 -4.2 2.9 1.5 Nondurable goods.................. 94.6 89.6 6.7 24.3 -16.2 -7.0 11.6 3.3 Services.......................... 121.4 153.1 13.8 -9.9 1.2 25.0 2.9 5.0 ---------------------------------------------------------------------------------------------------------------------------- p Preliminary. r Revised. Source: U.S. Department of Commerce, Bureau of Economic Analysis. Table 5.-Percent Change From Preceding Period in Selected Series ---------------------------------------------------------------------------------------------------------------------------- 1999 2000 Dec 00 Jan 01/r/ Feb 01/r/ Mar 01/r/ Apr 01/r/ May 01/p/ ---------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------- Based on current dollars ---------------------------------------------------------------------------------------- Personal income..................... 5.4 6.3 .5 .6 .5 .5 .2 .2 Disposable personal income.......... 5.0 5.3 .4 .5 .5 .5 .3 .2 Personal consumption expenditures... 7.1 7.8 .3 1.1 .2 .3 .5 .3 Durable goods..................... 9.7 7.8 -1.3 3.0 2.1 -.8 .1 -.3 Nondurable goods.................. 8.1 8.9 .2 1.6 -.3 -.6 1.0 .5 Services.......................... 6.2 7.2 .7 .5 .1 .9 .3 .3 ---------------------------------------------------------------------------------------- Based on chained (1996) dollars ---------------------------------------------------------------------------------------- Disposable personal income.......... 3.2 2.8 .3 .0 .4 .4 .0 .1 Personal consumption expenditures... 5.3 5.3 .2 .5 .1 .2 .3 .2 Durable goods..................... 12.4 9.6 -1.3 2.8 2.5 -.5 .3 .2 Nondurable goods.................. 5.6 5.0 .4 1.3 -.8 -.4 .6 .2 Services.......................... 3.7 4.5 .4 -.3 .0 .7 .1 .1 ---------------------------------------------------------------------------------------------------------------------------- p Preliminary. r Revised. Source: U.S. Department of Commerce, Bureau of Economic Analysis.