EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, FRIDAY, DECEMBER 6, 2013 BEA 13-59 James Rankin (202)606-5301 (Personal Income) piniwd@bea.gov Harvey Davis (202)606-5302 (Personal Consumption Expenditures) pce@bea.gov PERSONAL INCOME AND OUTLAYS: OCTOBER 2013 Personal income decreased $10.8 billion, or 0.1 percent, and disposable personal income (DPI) decreased $23.6 billion, or 0.2 percent, in October, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $32.7 billion, or 0.3 percent.  In September, personal income increased $64.3 billion, or 0.5 percent, DPI increased $62.1 billion, or 0.5 percent, and PCE increased $23.8 billion, or 0.2 percent, based on revised estimates. Real disposable personal income decreased 0.2 percent in October, in contrast to an increase of 0.4 percent in September. Real PCE increased 0.3 percent, compared with an increase of 0.1 percent. 2013 June July Aug. Sept. Oct. (Percent Change from preceding month) Personal income, current dollars 0.4 0.2 0.5 0.5 -0.1 Disposable personal income: Current dollars 0.3 0.3 0.6 0.5 -0.2 Chained (2009) dollars -0.1 0.2 0.5 0.4 -0.2 Personal consumption expenditures: Current dollars 0.6 0.1 0.3 0.2 0.3 Chained (2009) dollars 0.2 0.0 0.2 0.1 0.3 BOX._____________ This news release presents revised estimates of wages and salaries, personal taxes, and contributions for government social insurance for April through June 2013 (second quarter). These estimates reflect the incorporation of newly available second-quarter wage and salary tabulations from the quarterly census of employment and wages from the Bureau of Labor Statistics. _________________ FOOTNOTE.________ Monthly estimates are expressed at seasonally adjusted annual rates, unless otherwise specified. Month-to-month dollar changes are differences between these published estimates. Month-to-month percent changes are calculated from unrounded data and are not annualized. “Real” estimates are in chained (2009) dollars. This news release is available on BEA’s Web site at www.bea.gov/newsreleases/rels.htm. _________________ Wages and salaries Private wages and salaries increased $8.9 billion in October, compared with an increase of $17.1 billion in September. Goods producing industries' payrolls increased $1.3 billion, compared with an increase of $4.5 billion; manufacturing payrolls increased $2.0 billion, compared with an increase of $1.5 billion. Service-producing industries' payrolls increased $7.6 billion, compared with an increase of $12.5 billion. Government wages and salaries increased $0.2 billion in October, compared with an increase of $8.5 billion in September. The September change in government wages and salaries reflected an end to government furloughs that had affected several federal government agencies in August and in July. Other personal income Supplements to wages and salaries increased $2.1 billion in October, compared with an increase of $3.8 billion in September. Proprietors' income decreased $19.7 billion in October, in contrast to an increase of $22.1 billion in September. Farm proprietors' income decreased $22.4 billion, in contrast to an increase of $19.5 billion. In September, farm proprietors’ income was boosted $10.1 billion, at an annual rate, reflecting a settlement agreement for a class-action lawsuit that alleged racial discrimination by the U.S. Department of Agriculture in its evaluation of farm loan applicants between 1981 and 1996. Nonfarm proprietors' income increased $2.7 billion in October, compared with an increase of $2.6 billion in September. Rental income of persons increased $2.4 billion in October, compared with an increase of $6.3 billion in September. Personal income receipts on assets (personal interest income plus personal dividend income) decreased $4.1 billion, in contrast to an increase of $3.3 billion. Personal current transfer receipts increased $0.6 billion, compared with an increase of $6.7 billion. Contributions for government social insurance -- a subtraction in calculating personal income -- increased $1.1 billion in October, compared with an increase of $3.4 billion in September. Personal current taxes and disposable personal income Personal current taxes increased $12.8 billion in October, compared with an increase of $2.3 billion in September. Disposable personal income (DPI) -- personal income less personal current taxes -- decreased $23.6 billion, or 0.2 percent, in October, in contrast to an increase of $62.1 billion, or 0.5 percent in September. Personal outlays and personal saving Personal outlays -- PCE, personal interest payments, and personal current transfer payments -- increased $32.1 billion in October, compared with an increase of $30.9 billion in September. PCE increased $32.7 billion, compared with an increase of $23.8 billion. Personal saving -- DPI less personal outlays -- was $604.9 billion in October, compared with $660.7 billion in September. The personal saving rate -- personal saving as a percentage of disposable personal income -- was 4.8 percent in October, compared with 5.2 percent in September. For a comparison of personal savings in BEA's national income and product accounts with personal saving in the Federal Reserve Board's financial accounts of the United States (formerly called flow of funds accounts) and data on changes in net worth, go to www.bea.gov/national/nipaweb/nipa-frb.asp. Real DPI, real PCE, and price index Real DPI -- DPI adjusted to remove price changes -- decreased 0.2 percent in October, in contrast to an increase of 0.4 percent in September. Real PCE -- PCE adjusted to remove price changes -- increased 0.3 percent in October, compared with an increase of 0.1 percent in September. Purchases of durable goods increased 0.8 percent, in contrast to a decrease of 1.4 percent. Purchases of non-durable goods increased 0.7 percent, compared with an increase of 0.6 percent. Purchases of services increased 0.1 percent, compared with an increase of 0.2 percent. The price index for PCE decreased less than 0.1 percent in October, in contrast to an increase of 0.1 percent in September. The PCE price index, excluding food and energy, increased 0.1 percent in October, the same increase as in September. BOX._____________ Note on October shutdown of the federal government Due to a lapse in appropriations, some federal government agencies were partially closed from October 1 through October 16, and some employees were furloughed. Because Congress legislated back pay for workers furloughed during the shutdown, there was no impact on government wages and salaries. Any impacts of the shutdown on private wages or on personal consumption expenditures (PCE) cannot be separately identified in the data sources that underlie these estimates. _________________ Revisions Estimates for personal income and DPI have been revised for April through September; estimates for PCE have been revised for July through September. Changes in personal income, in current-dollar and chained (2009) dollar DPI, and in current-dollar and chained (2009) dollar PCE for August and September -- revised and as published in last month's release -- are shown below. Estimates of wages and salaries were revised from April through September. The revision to second-quarter wages and salaries reflect the incorporation of the most recently available BLS tabulations of the second-quarter wages and salaries from the quarterly census of employment and wages.Revised estimates for July, August, and September reflect extrapolations from the revised second-quarter level of wages. In addition, revisions to August and September reflect revised BLS employment, hours, and earnings data for those months. Change from preceding month August September Previous Revised Previous Revised Previous Revised Previous Revised (Billions of dollars) (percent) (Billions of dollars) (percent) Personal income: Current dollars 65.6 74.3 0.5 0.5 67.4 64.3 0.5 0.5 Disposable personal income: Current dollars 66.3 74.3 0.5 0.6 64.8 62.1 0.5 0.5 Chained (2009) dollars 47.5 56.9 0.4 0.5 50.2 44.7 0.4 0.4 Personal consumption expenditures: Current dollars 39.8 34.7 0.3 0.3 24.7 23.8 0.2 0.2 Chained (2009) dollars 23.9 21.1 0.2 0.2 13.7 10.1 0.1 0.1 BEA's national, international, regional, and industry estimates; the Survey of Current Business; and BEA news releases are available without charge on BEA's Web site at www.bea.gov.By visiting the site, you can also subscribe to free e-mail summaries of BEA releases and announcements. * * * Next release -- December 23, 2013 at 8:30 A.M. EST for Personal Income and Outlays for November Release Dates for 2014 December 2013...January 31 April 2014...May 30 August 2014.....September 29 January 2014....March 3 May 2014.....June 26 September 2014..October 31 February 2014...March 28 June 2014....August 1 October 2014....November 26 March 2014......May 1 July 2014....August 29 November 2014...December 23 Table 1. Personal Income and Its Disposition (Months) [Billions of dollars; months seasonally adjusted at annual rates] ----------------------------------------------------------------------------------------------------------------------------------- Mar 13 Apr 13\r\ May 13\r\ Jun 13\r\ Jul 13\r\ Aug 13\r\ Sep 13\r\ Oct 13\p\ ----------------------------------------------------------------------------------------------------------------------------------- Personal income............................ 14,016.8 14,031.9 14,088.3 14,138.4 14,162.3 14,236.6 14,300.9 14,290.1 Compensation of employees................ 8,776.4 8,803.2 8,830.4 8,872.9 8,848.8 8,894.5 8,923.9 8,935.0 Wages and salaries..................... 7,065.9 7,088.6 7,112.9 7,151.4 7,127.5 7,168.6 7,194.2 7,203.2 Private industries................... 5,872.5 5,894.2 5,918.2 5,958.3 5,941.4 5,979.9 5,997.0 6,005.9 Goods-producing industries......... 1,179.4 1,180.9 1,186.2 1,194.4 1,189.8 1,198.7 1,203.2 1,204.5 Manufacturing.................... 745.1 743.9 744.8 749.2 744.5 750.8 752.3 754.3 Services-producing industries...... 4,693.1 4,713.3 4,732.1 4,763.9 4,751.5 4,781.3 4,793.8 4,801.4 Trade, transportation, and utilities....................... 1,122.5 1,119.9 1,123.3 1,126.5 1,124.9 1,135.7 1,135.9 1,140.7 Other services-producing industries...................... 3,570.6 3,593.4 3,608.7 3,637.4 3,626.6 3,645.5 3,657.8 3,660.7 Government........................... 1,193.3 1,194.4 1,194.6 1,193.1 1,186.2 1,188.7 1,197.2 1,197.4 Supplements to wages and salaries...... 1,710.6 1,714.5 1,717.5 1,721.4 1,721.3 1,725.8 1,729.6 1,731.7 Employer contributions for employee pension and insurance funds\1\...... 1,183.4 1,185.9 1,187.6 1,189.2 1,190.8 1,193.1 1,195.3 1,197.2 Employer contributions for government social insurance.................... 527.2 528.6 529.9 532.2 530.4 532.8 534.3 534.6 Proprietors' income with inventory valuation and capital consumption adjustments............................. 1,370.6 1,355.7 1,342.9 1,325.8 1,339.2 1,354.8 1,376.9 1,357.2 Farm................................... 168.9 148.9 129.0 109.0 118.4 127.9 147.4 125.0 Nonfarm................................ 1,201.7 1,206.8 1,213.9 1,216.8 1,220.7 1,226.9 1,229.5 1,232.2 Rental income of persons with capital consumption adjustment.................. 584.2 585.1 587.7 590.2 594.6 599.7 606.0 608.4 Personal income receipts on assets....... 1,951.5 1,971.5 1,995.2 2,015.2 2,030.8 2,028.3 2,031.6 2,027.5 Personal interest income............... 1,204.1 1,214.9 1,225.6 1,236.3 1,235.3 1,234.4 1,233.4 1,234.6 Personal dividend income............... 747.4 756.6 769.6 779.0 795.5 793.9 798.2 792.9 Personal current transfer receipts....... 2,430.9 2,416.1 2,434.9 2,441.8 2,453.4 2,469.0 2,475.7 2,476.3 Government social benefits to persons.. 2,386.7 2,371.9 2,390.4 2,397.2 2,408.7 2,424.1 2,430.7 2,431.1 Social security\2\................... 795.4 785.8 797.3 801.4 799.1 803.9 804.1 803.4 Medicare\3\.......................... 590.1 583.4 586.0 589.4 593.0 596.6 599.8 598.4 Medicaid............................. 424.0 423.7 427.7 426.9 439.6 448.6 450.4 452.7 Unemployment insurance............... 72.3 70.4 68.5 66.6 64.7 62.4 59.6 59.7 Veterans' benefits................... 76.1 78.0 80.3 81.6 80.5 81.1 83.4 83.6 Other................................ 429.0 430.5 430.7 431.3 431.8 431.5 433.4 433.3 Other current transfer receipts, from business (net)........................ 44.1 44.3 44.4 44.5 44.7 44.9 45.0 45.2 Less: Contributions for government social insurance, domestic..................... 1,096.8 1,099.7 1,102.6 1,107.5 1,104.5 1,109.7 1,113.1 1,114.2 Less: Personal current taxes............... 1,641.5 1,656.2 1,668.9 1,681.4 1,663.8 1,663.8 1,666.1 1,678.9 Equals: Disposable personal income......... 12,375.2 12,375.7 12,419.4 12,457.0 12,498.5 12,572.8 12,634.9 12,611.3 Less: Personal outlays..................... 11,837.5 11,806.4 11,822.9 11,881.6 11,901.4 11,943.3 11,974.2 12,006.3 Personal consumption expenditures........ 11,419.0 11,392.4 11,413.0 11,476.0 11,491.7 11,526.4 11,550.2 11,582.9 Goods.................................. 3,856.4 3,825.0 3,840.2 3,880.3 3,900.6 3,913.9 3,910.7 3,927.4 Durable goods........................ 1,244.7 1,250.2 1,254.8 1,267.4 1,267.4 1,285.3 1,267.3 1,274.8 Nondurable goods..................... 2,611.7 2,574.8 2,585.4 2,612.9 2,633.2 2,628.6 2,643.4 2,652.6 Services............................... 7,562.6 7,567.3 7,572.9 7,595.7 7,591.0 7,612.5 7,639.4 7,655.5 Personal interest payments\4\............ 253.1 248.7 244.3 239.8 246.7 253.6 260.5 259.6 Personal current transfer payments....... 165.4 165.4 165.6 165.8 163.0 163.3 163.6 163.8 To government.......................... 89.5 89.7 89.9 90.1 90.4 90.7 91.0 91.3 To the rest of the world (net)......... 75.9 75.7 75.7 75.7 72.6 72.6 72.6 72.6 Equals: Personal saving.................... 537.7 569.2 596.5 575.4 597.1 629.5 660.7 604.9 Personal saving as a percentage of disposable personal income.............. 4.3 4.6 4.8 4.6 4.8 5.0 5.2 4.8 Addenda: Personal income excluding current transfer receipts, billions of chained (2009) dollars\5\............... 10,830.2 10,888.1 10,914.5 10,913.6 10,913.8 10,956.9 10,998.3 10,990.9 Disposable personal income: Total, billions of chained (2009) dollars\5\............................ 11,568.0 11,600.4 11,631.9 11,623.0 11,649.7 11,706.6 11,751.3 11,732.8 Per capita: Current dollars...................... 39,182 39,161 39,277 39,372 39,477 39,686 39,855 39,755 Chained (2009) dollars............... 36,626 36,708 36,786 36,736 36,796 36,952 37,068 36,985 Population (midperiod, thousands)\6\..... 315,838 316,019 316,202 316,395 316,599 316,808 317,023 317,227 ----------------------------------------------------------------------------------------------------------------------------------- p Preliminary r Revised. Revisions include changes to series affected by the incorporation of revised wage and salary estimates for the second quarter of 2013. 1. Includes actual employer contributions and actuarially imputed employer contributions to reflect benefits accrued by defined benefit pension plan participants through service to employers in the current period. 2. Social security benefits include old-age, survivors, and disability insurance benefits that are distributed from the federal old-age and survivors insurance trust fund and the disability insurance trust fund. 3. Medicare benefits include hospital and supplementary medical insurance benefits that are distributed from the federal hospital insurance trust fund and the supplementary medical insurance trust fund. 4. Consists of nonmortgage interest paid by households. 5. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. 6. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized population. The monthly estimate is the average of estimates for the first of the month and the first of the following month; the annual and quarterly estimates are averages of the monthly estimates. Table 2. Personal Income and Its Disposition (Years and Quarters) [Billions of dollars; quarters seasonally adjusted at annual rates] ----------------------------------------------------------------------------------------------------------------------------------- 2011 2012 II 12 III 12 IV 12 I 13 II 13\r\ III 13\r\ ----------------------------------------------------------------------------------------------------------------------------------- Personal income............................ 13,191.3 13,743.8 13,651.8 13,701.6 14,073.1 13,925.9 14,086.2 14,233.3 Compensation of employees................ 8,278.5 8,611.6 8,553.8 8,591.0 8,787.4 8,748.3 8,835.5 8,889.1 Wages and salaries..................... 6,638.7 6,926.8 6,873.5 6,904.7 7,086.6 7,040.4 7,117.6 7,163.5 Private industries................... 5,444.3 5,729.4 5,678.0 5,709.7 5,887.2 5,844.5 5,923.6 5,972.8 Goods-producing industries......... 1,102.1 1,154.0 1,153.2 1,146.7 1,167.0 1,173.8 1,187.1 1,197.2 Manufacturing.................... 707.1 735.4 735.7 732.3 740.5 742.1 745.9 749.2 Services-producing industries...... 4,342.2 4,575.4 4,524.8 4,563.0 4,720.3 4,670.7 4,736.4 4,775.5 Trade, transportation, and utilities....................... 1,046.2 1,093.7 1,083.8 1,090.0 1,114.2 1,115.2 1,123.2 1,132.2 Other services-producing industries...................... 3,296.0 3,481.7 3,441.0 3,473.0 3,606.1 3,555.5 3,613.2 3,643.3 Government........................... 1,194.4 1,197.3 1,195.5 1,195.1 1,199.3 1,195.8 1,194.1 1,190.7 Supplements to wages and salaries...... 1,639.8 1,684.9 1,680.3 1,686.2 1,700.9 1,707.9 1,717.8 1,725.6 Employer contributions for employee pension and insurance funds\1\...... 1,145.4 1,170.6 1,169.1 1,174.1 1,176.8 1,182.1 1,187.6 1,193.1 Employer contributions for government social insurance.................... 494.4 514.3 511.2 512.2 524.0 525.8 530.2 532.5 Proprietors' income with inventory valuation and capital consumption adjustments............................. 1,155.1 1,224.9 1,217.8 1,220.0 1,247.5 1,334.6 1,341.5 1,357.0 Farm................................... 72.6 75.4 77.0 75.3 74.5 137.0 129.0 131.3 Nonfarm................................ 1,082.6 1,149.6 1,140.8 1,144.7 1,173.0 1,197.6 1,212.5 1,225.7 Rental income of persons with capital consumption adjustment.................. 484.4 541.2 537.8 546.7 555.4 574.9 587.7 600.1 Personal income receipts on assets....... 1,884.6 1,958.5 1,935.3 1,926.9 2,062.8 1,935.8 1,994.0 2,030.2 Personal interest income............... 1,204.1 1,211.6 1,219.4 1,203.7 1,218.4 1,215.8 1,225.6 1,234.4 Personal dividend income............... 680.5 746.9 715.9 723.2 844.3 720.0 768.4 795.9 Personal current transfer receipts....... 2,306.9 2,358.3 2,352.2 2,364.4 2,388.0 2,426.0 2,430.9 2,466.0 Government social benefits to persons.. 2,260.3 2,316.8 2,310.5 2,323.8 2,347.9 2,382.0 2,386.5 2,421.1 Social security\2\................... 713.3 762.2 760.4 764.8 770.2 789.8 794.9 802.4 Medicare\3\.......................... 537.0 560.8 554.2 564.0 577.2 589.3 586.3 596.5 Medicaid............................. 405.5 417.1 420.9 421.5 425.1 423.7 426.1 446.2 Unemployment insurance............... 107.6 84.2 85.9 78.7 75.3 73.9 68.5 62.2 Veterans' benefits................... 63.3 70.2 68.9 71.3 73.3 76.8 80.0 81.6 Other................................ 433.7 422.5 420.3 423.5 426.8 428.6 430.8 432.2 Other current transfer receipts, from business (net)........................ 46.7 41.4 41.7 40.6 40.1 44.0 44.4 44.9 Less: Contributions for government social insurance, domestic..................... 918.2 950.7 945.1 947.4 967.9 1,093.7 1,103.3 1,109.1 Less: Personal current taxes............... 1,404.0 1,498.0 1,480.0 1,496.4 1,552.8 1,629.0 1,668.8 1,664.6 Equals: Disposable personal income......... 11,787.4 12,245.8 12,171.9 12,205.1 12,520.4 12,296.9 12,417.4 12,568.7 Less: Personal outlays..................... 11,119.1 11,558.4 11,507.9 11,601.0 11,696.2 11,794.9 11,837.0 11,939.6 Personal consumption expenditures........ 10,711.8 11,149.6 11,100.2 11,193.6 11,285.5 11,379.2 11,427.1 11,522.8 Goods.................................. 3,602.7 3,769.7 3,738.4 3,784.9 3,826.1 3,851.8 3,848.5 3,908.4 Durable goods........................ 1,129.9 1,202.7 1,189.3 1,206.5 1,230.7 1,244.8 1,257.5 1,273.4 Nondurable goods..................... 2,472.8 2,567.0 2,549.2 2,578.4 2,595.4 2,607.0 2,591.0 2,635.1 Services............................... 7,109.1 7,379.9 7,361.8 7,408.7 7,459.4 7,527.4 7,578.6 7,614.3 Personal interest payments\4\............ 248.0 248.4 247.0 250.7 247.3 250.4 244.3 253.6 Personal current transfer payments....... 159.4 160.4 160.8 156.7 163.4 165.3 165.6 163.3 To government.......................... 85.3 88.5 88.4 88.8 89.0 89.4 89.9 90.7 To the rest of the world (net)......... 74.1 71.9 72.4 67.9 74.4 75.9 75.7 72.6 Equals: Personal saving.................... 668.2 687.4 663.9 604.1 824.1 502.0 580.4 629.1 Personal saving as a percentage of disposable personal income.............. 5.7 5.6 5.5 4.9 6.6 4.1 4.7 5.0 Addenda: Personal income excluding current transfer receipts, billions of chained (2009) dollars\5\............... 10,457.1 10,740.1 10,685.5 10,676.2 10,959.6 10,756.9 10,905.4 10,956.4 Disposable personal income: Total, billions of chained (2009) dollars\5\............................ 11,324.6 11,551.6 11,510.2 11,493.6 11,743.0 11,502.4 11,618.5 11,702.6 Per capita: Current dollars...................... 37,776 38,965 38,769 38,800 39,727 38,955 39,270 39,673 Chained (2009) dollars............... 36,293 36,756 36,661 36,538 37,260 36,438 36,743 36,939 Population (midperiod, thousands)\6\..... 312,036 314,278 313,960 314,564 315,162 315,671 316,206 316,810 ----------------------------------------------------------------------------------------------------------------------------------- r Revised. Revisions include changes to series affected by the incorporation of revised wage and salary estimates for the second quarter of 2013. 1. Includes actual employer contributions and actuarially imputed employer contributions to reflect benefits accrued by defined benefit pension plan participants through service to employers in the current period. 2. Social security benefits include old-age, survivors, and disability insurance benefits that are distributed from the federal old-age and survivors insurance trust fund and the disability insurance trust fund. 3. Medicare benefits include hospital and supplementary medical insurance benefits that are distributed from the federal hospital insurance trust fund and the supplementary medical insurance trust fund. 4. Consists of nonmortgage interest paid by households. 5. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. 6. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized population. The monthly estimate is the average of estimates for the first of the month and the first of the following month; the annual and quarterly estimates are averages of the monthly estimates. Table 3. Personal Income and Its Disposition, Change from Preceding Period (Months) [Billions of dollars; months seasonally adjusted at annual rates] ----------------------------------------------------------------------------------------------------------------------------------- Mar 13 Apr 13\r\ May 13\r\ Jun 13\r\ Jul 13\r\ Aug 13\r\ Sep 13\r\ Oct 13\p\ ----------------------------------------------------------------------------------------------------------------------------------- Personal income............................ 47.5 15.1 56.4 50.1 23.9 74.3 64.3 -10.8 Compensation of employees................ 13.8 26.8 27.2 42.5 -24.1 45.7 29.4 11.1 Wages and salaries..................... 12.2 22.7 24.3 38.5 -23.9 41.1 25.6 9.0 Private industries................... 15.0 21.7 24.0 40.1 -16.9 38.5 17.1 8.9 Goods-producing industries......... 1.0 1.5 5.3 8.2 -4.6 8.9 4.5 1.3 Manufacturing.................... -.1 -1.2 .9 4.4 -4.7 6.3 1.5 2.0 Services-producing industries...... 13.9 20.2 18.8 31.8 -12.4 29.8 12.5 7.6 Trade, transportation, and utilities....................... 6.4 -2.6 3.4 3.2 -1.6 10.8 .2 4.8 Other services-producing industries...................... 7.5 22.8 15.3 28.7 -10.8 18.9 12.3 2.9 Government........................... -2.8 1.1 .2 -1.5 -6.9 2.5 8.5 .2 Supplements to wages and salaries...... 1.7 3.9 3.0 3.9 -.1 4.5 3.8 2.1 Employer contributions for employee pension and insurance funds\1\...... 1.2 2.5 1.7 1.6 1.6 2.3 2.2 1.9 Employer contributions for government social insurance.................... .5 1.4 1.3 2.3 -1.8 2.4 1.5 .3 Proprietors' income with inventory valuation and capital consumption adjustments............................. 31.2 -14.9 -12.8 -17.1 13.4 15.6 22.1 -19.7 Farm................................... 31.9 -20.0 -19.9 -20.0 9.4 9.5 19.5 -22.4 Nonfarm................................ -.6 5.1 7.1 2.9 3.9 6.2 2.6 2.7 Rental income of persons with capital consumption adjustment.................. 9.3 .9 2.6 2.5 4.4 5.1 6.3 2.4 Personal income receipts on assets....... -8.5 20.0 23.7 20.0 15.6 -2.5 3.3 -4.1 Personal interest income............... -11.7 10.8 10.7 10.7 -1.0 -.9 -1.0 1.2 Personal dividend income............... 3.2 9.2 13.0 9.4 16.5 -1.6 4.3 -5.3 Personal current transfer receipts....... 3.1 -14.8 18.8 6.9 11.6 15.6 6.7 .6 Government social benefits to persons.. 2.8 -14.8 18.5 6.8 11.5 15.4 6.6 .4 Social security\2\................... 6.4 -9.6 11.5 4.1 -2.3 4.8 .2 -.7 Medicare\3\.......................... -1.0 -6.7 2.6 3.4 3.6 3.6 3.2 -1.4 Medicaid............................. .4 -.3 4.0 -.8 12.7 9.0 1.8 2.3 Unemployment insurance............... -1.5 -1.9 -1.9 -1.9 -1.9 -2.3 -2.8 .1 Veterans' benefits................... -2.1 1.9 2.3 1.3 -1.1 .6 2.3 .2 Other................................ .9 1.5 .2 .6 .5 -.3 1.9 -.1 Other current transfer receipts, from business (net)........................ .1 .2 .1 .1 .2 .2 .1 .2 Less: Contributions for government social insurance, domestic..................... 1.4 2.9 2.9 4.9 -3.0 5.2 3.4 1.1 Less: Personal current taxes............... 8.9 14.7 12.7 12.5 -17.6 .0 2.3 12.8 Equals: Disposable personal income......... 38.5 .5 43.7 37.6 41.5 74.3 62.1 -23.6 Less: Personal outlays..................... 24.7 -31.1 16.5 58.7 19.8 41.9 30.9 32.1 Personal consumption expenditures........ 21.9 -26.6 20.6 63.0 15.7 34.7 23.8 32.7 Goods.................................. -15.8 -31.4 15.2 40.1 20.3 13.3 -3.2 16.7 Durable goods........................ -1.6 5.5 4.6 12.6 .0 17.9 -18.0 7.5 Nondurable goods..................... -14.2 -36.9 10.6 27.5 20.3 -4.6 14.8 9.2 Services............................... 37.7 4.7 5.6 22.8 -4.7 21.5 26.9 16.1 Personal interest payments\4\............ 2.7 -4.4 -4.4 -4.5 6.9 6.9 6.9 -.9 Personal current transfer payments....... .1 .0 .2 .2 -2.8 .3 .3 .2 To government.......................... .1 .2 .2 .2 .3 .3 .3 .3 To the rest of the world (net)......... .0 -.2 .0 .0 -3.1 .0 .0 .0 Equals: Personal saving.................... 13.8 31.5 27.3 -21.1 21.7 32.4 31.2 -55.8 Addenda: Personal income excluding current transfer receipts, billions of chained (2009) dollars\5\....................... 51.9 57.9 26.4 -.9 .2 43.1 41.4 -7.4 Disposable personal income, billions of chained (2009) dollars\5\............ 47.1 32.4 31.5 -8.9 26.7 56.9 44.7 -18.5 ----------------------------------------------------------------------------------------------------------------------------------- p Preliminary r Revised. Revisions include changes to series affected by the incorporation of revised wage and salary estimates for the second quarter of 2013. 1. Includes actual employer contributions and actuarially imputed employer contributions to reflect benefits accrued by defined benefit pension plan participants through service to employers in the current period. 2. Social security benefits include old-age, survivors, and disability insurance benefits that are distributed from the federal old-age and survivors insurance trust fund and the disability insurance trust fund. 3. Medicare benefits include hospital and supplementary medical insurance benefits that are distributed from the federal hospital insurance trust fund and the supplementary medical insurance trust fund. 4. Consists of nonmortgage interest paid by households. 5. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. Table 4. Personal Income and Its Disposition, Change from Preceding Period (Years and Quarters) [Billions of dollars; quarters seasonally adjusted at annual rates] ----------------------------------------------------------------------------------------------------------------------------------- 2011 2012 II 12 III 12 IV 12 I 13 II 13\r\ III 13\r\ ----------------------------------------------------------------------------------------------------------------------------------- Personal income............................ 756.1 552.5 103.2 49.8 371.5 -147.2 160.3 147.1 Compensation of employees................ 311.2 333.1 39.5 37.2 196.4 -39.1 87.2 53.6 Wages and salaries..................... 261.2 288.1 31.3 31.2 181.9 -46.2 77.2 45.9 Private industries................... 257.9 285.1 35.2 31.7 177.5 -42.7 79.1 49.2 Goods-producing industries......... 48.8 51.9 4.0 -6.5 20.3 6.8 13.3 10.1 Manufacturing.................... 33.0 28.3 2.5 -3.4 8.2 1.6 3.8 3.3 Services-producing industries...... 209.1 233.2 31.2 38.2 157.3 -49.6 65.7 39.1 Trade, transportation, and utilities....................... 47.3 47.5 -3.0 6.2 24.2 1.0 8.0 9.0 Other services-producing industries...................... 161.8 185.7 34.2 32.0 133.1 -50.6 57.7 30.1 Government........................... 3.3 2.9 -3.9 -.4 4.2 -3.5 -1.7 -3.4 Supplements to wages and salaries...... 50.0 45.1 8.2 5.9 14.7 7.0 9.9 7.8 Employer contributions for employee pension and insurance funds\1\...... 25.0 25.2 6.9 5.0 2.7 5.3 5.5 5.5 Employer contributions for government social insurance.................... 25.0 19.9 1.3 1.0 11.8 1.8 4.4 2.3 Proprietors' income with inventory valuation and capital consumption adjustments............................. 122.4 69.8 3.4 2.2 27.5 87.1 6.9 15.5 Farm................................... 26.6 2.8 2.4 -1.7 -.8 62.5 -8.0 2.3 Nonfarm................................ 95.9 67.0 1.1 3.9 28.3 24.6 14.9 13.2 Rental income of persons with capital consumption adjustment.................. 81.6 56.8 13.0 8.9 8.7 19.5 12.8 12.4 Personal income receipts on assets....... 145.0 73.9 26.2 -8.4 135.9 -127.0 58.2 36.2 Personal interest income............... 9.1 7.5 14.5 -15.7 14.7 -2.6 9.8 8.8 Personal dividend income............... 135.9 66.4 11.7 7.3 121.1 -124.3 48.4 27.5 Personal current transfer receipts....... 30.0 51.4 23.7 12.2 23.6 38.0 4.9 35.1 Government social benefits to persons.. 26.3 56.5 25.3 13.3 24.1 34.1 4.5 34.6 Social security\2\................... 23.1 48.9 7.1 4.4 5.4 19.6 5.1 7.5 Medicare\3\.......................... 23.2 23.8 6.5 9.8 13.2 12.1 -3.0 10.2 Medicaid............................. 8.9 11.6 20.1 .6 3.6 -1.4 2.4 20.1 Unemployment insurance............... -31.3 -23.4 -10.9 -7.2 -3.4 -1.4 -5.4 -6.3 Veterans' benefits................... 5.3 6.9 1.8 2.4 2.0 3.5 3.2 1.6 Other................................ -2.8 -11.2 .8 3.2 3.3 1.8 2.2 1.4 Other current transfer receipts, from business (net)........................ 3.7 -5.3 -1.6 -1.1 -.5 3.9 .4 .5 Less: Contributions for government social insurance, domestic..................... -65.9 32.5 2.6 2.3 20.5 125.8 9.6 5.8 Less: Personal current taxes............... 212.5 94.0 17.2 16.4 56.4 76.2 39.8 -4.2 Equals: Disposable personal income......... 543.7 458.4 86.2 33.2 315.3 -223.5 120.5 151.3 Less: Personal outlays..................... 509.6 439.3 79.5 93.1 95.2 98.7 42.1 102.6 Personal consumption expenditures........ 509.9 437.8 81.1 93.4 91.9 93.7 47.9 95.7 Goods.................................. 239.9 167.0 9.1 46.5 41.2 25.7 -3.3 59.9 Durable goods........................ 59.2 72.8 5.0 17.2 24.2 14.1 12.7 15.9 Nondurable goods..................... 180.7 94.2 4.2 29.2 17.0 11.6 -16.0 44.1 Services............................... 270.0 270.8 72.1 46.9 50.7 68.0 51.2 35.7 Personal interest payments\4\............ -2.8 .4 -1.6 3.7 -3.4 3.1 -6.1 9.3 Personal current transfer payments....... 2.5 1.0 .1 -4.1 6.7 1.9 .3 -2.3 To government.......................... 1.4 3.2 .7 .4 .2 .4 .5 .8 To the rest of the world (net)......... 1.1 -2.2 -.6 -4.5 6.5 1.5 -.2 -3.1 Equals: Personal saving.................... 34.0 19.2 6.6 -59.8 220.0 -322.1 78.4 48.7 Addenda: Personal income excluding current transfer receipts, billions of chained (2009) dollars\5\....................... 464.1 283.0 47.1 -9.3 283.4 -202.7 148.5 51.0 Disposable personal income, billions of chained (2009) dollars\5\............ 263.8 227.0 51.0 -16.6 249.4 -240.6 116.1 84.1 ----------------------------------------------------------------------------------------------------------------------------------- r Revised. Revisions include changes to series affected by the incorporation of revised wage and salary estimates for the second quarter of 2013. 1. Includes actual employer contributions and actuarially imputed employer contributions to reflect benefits accrued by defined benefit pension plan participants through service to employers in the current period. 2. Social security benefits include old-age, survivors, and disability insurance benefits that are distributed from the federal old-age and survivors insurance trust fund and the disability insurance trust fund. 3. Medicare benefits include hospital and supplementary medical insurance benefits that are distributed from the federal hospital insurance trust fund and the supplementary medical insurance trust fund. 4. Consists of nonmortgage interest paid by households. 5. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. Table 5. Personal Income and Its Disposition, Percent Change from Preceding Period (Months) [Months seasonally adjusted at monthly rates] ----------------------------------------------------------------------------------------------------------------------------------- Mar 13 Apr 13\r\ May 13\r\ Jun 13\r\ Jul 13\r\ Aug 13\r\ Sep 13\r\ Oct 13\p\ ----------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------- Based on current-dollar measures ---------------------------------------------------------------------------------------- Personal income............................ .3 .1 .4 .4 .2 .5 .5 -.1 Compensation of employees................ .2 .3 .3 .5 -.3 .5 .3 .1 Wages and salaries..................... .2 .3 .3 .5 -.3 .6 .4 .1 Supplements to wages and salaries...... .1 .2 .2 .2 .0 .3 .2 .1 Proprietors' income with inventory valuation and capital consumption adjustments............................. 2.3 -1.1 -.9 -1.3 1.0 1.2 1.6 -1.4 Rental income of persons with capital consumption adjustment.................. 1.6 .2 .4 .4 .7 .9 1.1 .4 Personal income receipts on assets....... -.4 1.0 1.2 1.0 .8 -.1 .2 -.2 Personal interest income............... -1.0 .9 .9 .9 -.1 -.1 -.1 .1 Personal dividend income............... .4 1.2 1.7 1.2 2.1 -.2 .5 -.7 Personal current transfer receipts....... .1 -.6 .8 .3 .5 .6 .3 .0 Less: Contributions for government social insurance, domestic..................... .1 .3 .3 .4 -.3 .5 .3 .1 Less: Personal current taxes............... .5 .9 .8 .7 -1.0 .0 .1 .8 Equals: Disposable personal income......... .3 .0 .4 .3 .3 .6 .5 -.2 Addenda: Personal consumption expenditures........ .2 -.2 .2 .6 .1 .3 .2 .3 Goods.................................. -.4 -.8 .4 1.0 .5 .3 -.1 .4 Durable goods........................ -.1 .4 .4 1.0 .0 1.4 -1.4 .6 Nondurable goods..................... -.5 -1.4 .4 1.1 .8 -.2 .6 .3 Services............................... .5 .1 .1 .3 -.1 .3 .4 .2 ---------------------------------------------------------------------------------------- Based on chained (2009) dollar measures ---------------------------------------------------------------------------------------- Real personal income excluding current transfer receipts....................... .5 .5 .2 .0 .0 .4 .4 -.1 Real disposable personal income.......... .4 .3 .3 -.1 .2 .5 .4 -.2 ----------------------------------------------------------------------------------------------------------------------------------- p Preliminary r Revised. Revisions include changes to series affected by the incorporation of revised wage and salary estimates for the second quarter of 2013. Table 6. Personal Income and Its Disposition, Percent Change from Preceding Period (Years and Quarters) [Quarters seasonally adjusted at annual rates] ----------------------------------------------------------------------------------------------------------------------------------- 2011 2012 II 12 III 12 IV 12 I 13 II 13\r\ III 13\r\ ----------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------- Based on current-dollar measures ---------------------------------------------------------------------------------------- Personal income............................ 6.1 4.2 3.1 1.5 11.3 -4.1 4.7 4.2 Compensation of employees................ 3.9 4.0 1.9 1.7 9.5 -1.8 4.0 2.4 Wages and salaries..................... 4.1 4.3 1.8 1.8 11.0 -2.6 4.5 2.6 Supplements to wages and salaries...... 3.1 2.7 2.0 1.4 3.5 1.7 2.3 1.8 Proprietors' income with inventory valuation and capital consumption adjustments............................. 11.9 6.0 1.2 .7 9.3 31.0 2.1 4.7 Rental income of persons with capital consumption adjustment.................. 20.3 11.7 10.3 6.8 6.5 14.8 9.2 8.7 Personal income receipts on assets....... 8.3 3.9 5.6 -1.7 31.3 -22.4 12.6 7.5 Personal interest income............... .8 .6 4.9 -5.1 5.0 -.9 3.3 2.9 Personal dividend income............... 25.0 9.8 6.8 4.1 85.8 -47.1 29.7 15.1 Personal current transfer receipts....... 1.3 2.2 4.1 2.1 4.0 6.5 .8 5.9 Less: Contributions for government social insurance, domestic..................... -6.7 3.5 1.1 1.0 8.9 63.0 3.5 2.1 Less: Personal current taxes............... 17.8 6.7 4.8 4.5 15.9 21.1 10.1 -1.0 Equals: Disposable personal income......... 4.8 3.9 2.9 1.1 10.7 -7.0 4.0 5.0 Addenda: Personal consumption expenditures........ 5.0 4.1 3.0 3.4 3.3 3.4 1.7 3.4 Goods.................................. 7.1 4.6 1.0 5.1 4.4 2.7 -.3 6.4 Durable goods........................ 5.5 6.4 1.7 5.9 8.3 4.7 4.1 5.2 Nondurable goods..................... 7.9 3.8 .6 4.7 2.7 1.8 -2.4 7.0 Services............................... 3.9 3.8 4.0 2.6 2.8 3.7 2.8 1.9 ---------------------------------------------------------------------------------------- Based on chained (2009) dollar measures ---------------------------------------------------------------------------------------- Real personal income excluding current transfer receipts....................... 4.6 2.7 1.8 -.3 11.0 -7.2 5.6 1.9 Real disposable personal income.......... 2.4 2.0 1.8 -.6 9.0 -7.9 4.1 2.9 ----------------------------------------------------------------------------------------------------------------------------------- r Revised. Revisions include changes to series affected by the incorporation of revised wage and salary estimates for the second quarter of 2013. Table 7. Real Personal Consumption Expenditures by Major Type of Product (Months) ----------------------------------------------------------------------------------------------------------------------------------- Mar 13 Apr 13 May 13 Jun 13 Jul 13\r\ Aug 13\r\ Sep 13\r\ Oct 13\p\ ----------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------- Billions of chained (2009) dollars, seasonally adjusted at annual rates ---------------------------------------------------------------------------------------- Personal consumption expenditures.......... 10,674.2 10,678.7 10,689.4 10,707.7 10,711.3 10,732.4 10,742.5 10,776.0 Goods.................................... 3,620.2 3,623.2 3,642.0 3,653.6 3,669.3 3,680.3 3,678.4 3,705.4 Durable goods.......................... 1,305.5 1,314.9 1,320.6 1,334.2 1,338.8 1,361.9 1,343.1 1,353.5 Nondurable goods....................... 2,328.3 2,323.2 2,336.2 2,335.6 2,346.7 2,337.7 2,351.6 2,368.4 Services................................. 7,053.0 7,054.5 7,046.6 7,053.3 7,041.5 7,051.6 7,063.6 7,070.5 ---------------------------------------------------------------------------------------- Change from preceding period in billions of chained (2009) dollars, seasonally adjusted at annual rates ---------------------------------------------------------------------------------------- Personal consumption expenditures.......... 30.7 4.5 10.7 18.3 3.6 21.1 10.1 33.5 Goods.................................... 5.6 3.0 18.8 11.6 15.7 11.0 -1.9 27.0 Durable goods.......................... .9 9.4 5.7 13.6 4.6 23.1 -18.8 10.4 Nondurable goods....................... 4.5 -5.1 13.0 -.6 11.1 -9.0 13.9 16.8 Services................................. 25.0 1.5 -7.9 6.7 -11.8 10.1 12.0 6.9 ---------------------------------------------------------------------------------------- Percent change from preceding period in chained (2009) dollars, seasonally adjusted at monthly rates ---------------------------------------------------------------------------------------- Personal consumption expenditures.......... .3 .0 .1 .2 .0 .2 .1 .3 Goods.................................... .2 .1 .5 .3 .4 .3 -.1 .7 Durable goods.......................... .1 .7 .4 1.0 .3 1.7 -1.4 .8 Nondurable goods....................... .2 -.2 .6 .0 .5 -.4 .6 .7 Services................................. .4 .0 -.1 .1 -.2 .1 .2 .1 ----------------------------------------------------------------------------------------------------------------------------------- p Preliminary r Revised Table 8. Real Personal Consumption Expenditures by Major Type of Product (Years and Quarters) [Quarters seasonally adjusted at annual rates] ----------------------------------------------------------------------------------------------------------------------------------- 2011 2012 II 12 III 12 IV 12 I 13 II 13 III 13\r\ ----------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------- Billions of chained (2009) dollars ---------------------------------------------------------------------------------------- Personal consumption expenditures.......... 10,291.3 10,517.6 10,496.8 10,541.0 10,584.8 10,644.0 10,691.9 10,728.7 Goods.................................... 3,419.9 3,534.1 3,514.7 3,546.7 3,579.2 3,611.9 3,639.6 3,676.0 Durable goods.......................... 1,157.1 1,246.7 1,228.6 1,253.4 1,285.2 1,303.5 1,323.2 1,347.9 Nondurable goods....................... 2,266.0 2,296.8 2,293.9 2,303.0 2,306.7 2,322.2 2,331.7 2,345.3 Services................................. 6,871.1 6,982.7 6,981.4 6,993.4 7,004.7 7,031.1 7,051.5 7,052.2 ---------------------------------------------------------------------------------------- Change from preceding period in billions of chained (2009) dollars ---------------------------------------------------------------------------------------- Personal consumption expenditures.......... 255.4 226.3 49.0 44.2 43.8 59.2 47.9 36.8 Goods.................................... 111.2 114.2 18.9 32.0 32.5 32.7 27.7 36.4 Durable goods.......................... 71.4 89.6 8.9 24.8 31.8 18.3 19.7 24.7 Nondurable goods....................... 42.5 30.8 10.3 9.1 3.7 15.5 9.5 13.6 Services................................. 143.9 111.6 30.2 12.0 11.3 26.4 20.4 .7 ---------------------------------------------------------------------------------------- Percent change from preceding period in chained (2009) dollars ---------------------------------------------------------------------------------------- Personal consumption expenditures.......... 2.5 2.2 1.9 1.7 1.7 2.3 1.8 1.4 Goods.................................... 3.4 3.3 2.2 3.7 3.7 3.7 3.1 4.1 Durable goods.......................... 6.6 7.7 2.9 8.3 10.5 5.8 6.2 7.7 Nondurable goods....................... 1.9 1.4 1.8 1.6 .6 2.7 1.6 2.4 Services................................. 2.1 1.6 1.7 .7 .6 1.5 1.2 .0 ----------------------------------------------------------------------------------------------------------------------------------- r Revised Table 9. Price Indexes for Personal Consumption Expenditures: Level and Percent Change From Preceding Period (Months) ----------------------------------------------------------------------------------------------------------------------------------- Mar 13 Apr 13 May 13 Jun 13 Jul 13\r\ Aug 13\r\ Sep 13\r\ Oct 13\p\ ----------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------- Chain-type price indexes (2009=100), seasonally adjusted ---------------------------------------------------------------------------------------- Personal consumption expenditures (PCE).... 106.980 106.685 106.772 107.177 107.287 107.401 107.521 107.489 Goods.................................... 106.526 105.573 105.442 106.205 106.304 106.347 106.318 105.993 Durable goods.......................... 95.328 95.070 94.999 94.980 94.658 94.366 94.345 94.174 Nondurable goods....................... 112.174 110.834 110.670 111.873 112.212 112.448 112.413 112.003 Services................................. 107.227 107.271 107.470 107.691 107.806 107.956 108.153 108.276 Addenda: PCE excluding food and energy............ 105.619 105.575 105.674 105.884 105.982 106.107 106.200 106.277 Food\1\.................................. 107.613 107.730 107.467 107.744 107.860 108.084 107.965 108.030 Energy goods and services\2\............. 129.970 124.254 124.583 128.863 129.255 128.994 130.044 127.774 Market-based PCE\3\...................... 106.879 106.503 106.610 107.050 107.176 107.249 107.336 107.236 Market-based PCE excluding food and energy\3\........................... 105.295 105.194 105.318 105.540 105.655 105.735 105.786 105.799 ---------------------------------------------------------------------------------------- Percent change from preceding period in price indexes, seasonally adjusted at monthly rates ---------------------------------------------------------------------------------------- PCE........................................ -.1 -.3 .1 .4 .1 .1 .1 .0 Goods.................................... -.6 -.9 -.1 .7 .1 .0 .0 -.3 Durable goods.......................... -.2 -.3 -.1 .0 -.3 -.3 .0 -.2 Nondurable goods....................... -.7 -1.2 -.1 1.1 .3 .2 .0 -.4 Services................................. .1 .0 .2 .2 .1 .1 .2 .1 Addenda: PCE excluding food and energy............ .1 .0 .1 .2 .1 .1 .1 .1 Food\1\.................................. .1 .1 -.2 .3 .1 .2 -.1 .1 Energy goods and services\2\............. -2.6 -4.4 .3 3.4 .3 -.2 .8 -1.7 Market-based PCE\3\...................... -.1 -.4 .1 .4 .1 .1 .1 -.1 Market-based PCE excluding food and energy\3\........................... .1 -.1 .1 .2 .1 .1 .0 .0 ----------------------------------------------------------------------------------------------------------------------------------- p Preliminary r Revised 1. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 2. Consists of gasoline and other energy goods and of electricity and gas services. 3. Market-based PCE is a supplemental measure that is based on household household expenditures for which there are observable price measures. It excludes most imputed transactions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. Table 10. Real Disposable Personal Income and Real Personal Consumption Expenditures: Percent Change From Month One Year Ago ----------------------------------------------------------------------------------------------------------------------------------- Mar 13 Apr 13\r\ May 13\r\ Jun 13\r\ Jul 13\r\ Aug 13\r\ Sep 13\r\ Oct 13\p\ ----------------------------------------------------------------------------------------------------------------------------------- Disposable personal income................. .8 .8 1.1 .9 1.2 2.0 2.2 1.8 Personal consumption expenditures.......... 2.0 1.7 1.8 2.0 1.7 2.0 1.7 2.1 Goods.................................... 3.1 3.0 3.6 4.1 3.9 3.9 3.1 4.1 Durable goods.......................... 6.3 7.1 7.7 8.3 8.0 8.9 5.7 7.1 Nondurable goods....................... 1.7 1.1 1.8 2.1 2.0 1.6 1.9 2.7 Services................................. 1.4 1.1 .9 1.0 .6 1.0 .9 1.0 ----------------------------------------------------------------------------------------------------------------------------------- p Preliminary r Revised. Revisions include changes to series affected by the incorporation of revised wage and salary estimates for the second quarter of 2013. Table 11. Price Indexes for Personal Consumption Expenditures: Percent Change From Month One Year Ago ----------------------------------------------------------------------------------------------------------------------------------- Mar 13 Apr 13 May 13 Jun 13 Jul 13\r\ Aug 13\r\ Sep 13\r\ Oct 13\p\ ----------------------------------------------------------------------------------------------------------------------------------- Personal consumption expenditures (PCE).... 1.2 .9 1.0 1.3 1.3 1.1 .9 .7 Goods.................................... -.5 -1.1 -.7 .0 .3 -.4 -1.0 -1.4 Durable goods.......................... -1.7 -1.8 -1.9 -1.8 -1.8 -2.0 -1.8 -1.8 Nondurable goods....................... .1 -.7 -.2 .9 1.3 .4 -.6 -1.2 Services................................. 2.1 1.9 1.9 1.9 1.9 1.9 2.0 1.8 Addenda: PCE excluding food and energy............ 1.4 1.2 1.2 1.2 1.1 1.2 1.2 1.1 Food\1\.................................. 1.1 1.2 1.0 1.0 1.2 1.2 1.2 1.0 Energy goods and services\2\............. -1.6 -4.1 -.9 3.2 4.8 -.1 -3.3 -5.1 Market-based PCE\3\...................... 1.1 .8 1.0 1.2 1.4 1.1 .8 .6 Market-based PCE excluding food and energy\3\........................... 1.3 1.1 1.1 1.1 1.1 1.2 1.1 1.0 ----------------------------------------------------------------------------------------------------------------------------------- p Preliminary r Revised 1. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 2. Consists of gasoline and other energy goods and of electricity and gas services. 3. Market-based PCE is a supplemental measure that is based on household household expenditures for which there are observable price measures. It excludes most imputed transactions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households.