EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, TUESDAY, AUGUST 3, 2010 James Rankin:(202) 606-5301 (Personal Income)BEA 10-38 Kyle Brown: (202) 606-5302 (Personal Outlays) Kurt Kunze: (202) 606-9748 (Annual Revision) PERSONAL INCOME AND OUTLAYS: JUNE 2010 REVISED ESTIMATES: 2007 THROUGH MAY 2010 Personal income increased $3.0 billion, or less than 0.1 percent, and disposable personal income (DPI) increased $5.1 billion, or less than 0.1 percent, in June, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) decreased $2.9 billion, or less than 0.1 percent. In May, personal income increased $40.5 billion, or 0.3 percent, DPI increased $36.9 billion, or 0.3 percent, and PCE increased $8.6 billion, or 0.1 percent, based on revised estimates. Real disposable income increased 0.2 percent in June, compared with an increase of 0.4 percent in May. Real PCE increased 0.1 percent, compared with an increase of 0.2 percent. 2010 Feb. Mar. Apr. May June (Percent change from preceding month) Personal income, current dollars 0.1 0.4 0.4 0.3 0.0 Disposable personal income: Current dollars 0.1 0.4 0.5 0.3 0.0 Chained (2005) dollars 0.1 0.3 0.5 0.4 0.2 Personal consumption expenditures: Current dollars 0.5 0.5 -0.1 0.1 0.0 Chained (2005) dollars 0.4 0.3 -0.1 0.2 0.1 Wages and salaries Private wage and salary disbursements decreased $5.2 billion in June, in contrast to an increase of $19.2 billion in May. Goods-producing industries' payrolls decreased $8.9 billion, in contrast to an increase of $10.4 billion; manufacturing payrolls decreased $6.0 billion, in contrast to an increase of $7.8 billion. Services-producing industries' payrolls increased $3.7 billion, compared with an increase of $8.8 billion. Government wage and salary disbursements decreased $0.6 billion, in contrast to an increase of $7.0 billion. The decline in the number of temporary workers for Census 2010 subtracted $3.4 billion at an annual rate from federal civilian payrolls in June; the hiring of additional temporary workers had added $5.7 billion at an annual rate in May. Other personal income Supplements to wages and salaries increased $1.9 billion in June, compared with an increase of $4.1 billion in May. Proprietors' income decreased $4.4 billion in June, in contrast to an increase of $2.2 billion in May. Farm proprietors' income increased $0.2 billion, the same increase as in May. Nonfarm proprietors' income decreased $4.7 billion in June, in contrast to an increase of $2.0 billion in May. Rental income of persons increased $1.8 billion in June, the same increase as in May. Personal income receipts on assets (personal interest income plus personal dividend income) increased $1.9 billion in June, compared with an increase of $4.1 billion in May. Personal current transfer receipts increased $7.2 billion, compared with an increase of $6.0 billion. Contributions for government social insurance -- a subtraction in calculating personal income -- decreased $0.4 billion in June, in contrast to an increase of $3.8 billion in May. Personal current taxes and disposable personal income Personal current taxes decreased $2.0 billion in June, in contrast to an increase of $3.6 billion in May. Disposable personal income (DPI) -- personal income less personal current taxes -- increased $5.1 billion, or less than 0.1 percent, in June, compared with an increase of $36.9 billion, or 0.3 percent, in May. Personal outlays and personal saving Personal outlays -- PCE, personal interest payments, and personal current transfer payments -- decreased $7.0 billion in June, in contrast to an increase of $4.6 billion in May. PCE decreased $2.9 billion, in contrast to an increase of $8.6 billion. Personal saving -- DPI less personal outlays -- was $725.9 billion in June, compared with $713.9 billion in May. Personal saving as a percentage of disposable personal income was 6.4 percent in June, compared with 6.3 percent in May. For a comparison of personal saving in BEA’s national income and product accounts with personal saving in the Federal Reserve Board’s flow of funds accounts and data on changes in net worth, go to http://www.bea.gov/national/nipaweb/Nipa-Frb.asp. Real DPI, real PCE and price index Real DPI -- DPI adjusted to remove price changes -- increased 0.2 percent in June, compared with an increase of 0.4 percent in May. Real PCE -- PCE adjusted to remove price changes -- increased 0.1 percent in June, compared with an increase of 0.2 percent in May. Purchases of durable goods increased 0.4 percent, in contrast to a decrease of less than 0.1 percent. Purchases of nondurable goods increased 0.1 percent, in contrast to a decrease of 0.2 percent. Purchases of services increased 0.1 percent, compared with an increase of 0.3 percent. PCE price index -- The price index for PCE decreased 0.1 percent in June, the same decrease as in May. The PCE price index, excluding food and energy, increased less than 0.1 percent in June, compared with an increase of 0.1 percent in May. Revisions of the Personal Income and Outlays Estimates Personal income, personal outlays, DPI, and personal saving are revised, beginning with January 2007, to reflect the results of the annual revision of the national income and products accounts (NIPAs) released last week. Annual revisions, which are usually released in July, incorporate source data that are more complete, more detailed, and otherwise more reliable than those previously published. Revised annual estimates of personal income and outlays for 2007-2009, 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, and real PCE are shown in table 13; revised and previously published annual and quarterly estimates are shown in table 14. Personal income was revised up for all 3 years: $18.2 billion, or 0.2 percent, for 2007; $152.3 billion, or 1.2 percent, for 2008; and $155.9 billion, or 1.3 percent, for 2009. For 2007, upward revisions to personal dividend income and to wages and salaries were partly offset by a downward revision to supplements to wages and salaries. For 2008, upward revisions to personal dividend income, to wages and salaries, to rental income of persons, and to supplements to wages and salaries were partly offset by a downward revision to nonfarm proprietors’ income. For 2009, upward revisions to personal dividend income, to supplements to wages and salaries, and to government social benefits to persons were partly offset by downward revisions to nonfarm proprietors’ income and to personal interest income. Disposable personal income (DPI) was revised up for all 3 years: $20.5 billion, or 0.2 percent, for 2007; $146.5 billion, or 1.4 percent, for 2008; and $117.6 billion, or 1.1 percent, for 2009. Personal current taxes was revised down $2.2 billion for 2007, was revised up $5.8 billion for 2008, and was revised up $38.3 billion for 2009. The percent change from the preceding year in real DPI was revised up from 2.2 percent to 2.3 percent for 2007, was revised up from 0.5 percent to 1.7 percent for 2008, and was revised down from 0.8 percent to 0.6 percent for 2009. Personal outlays was revised down for all 3 years: $15.4 billion for 2007, $15.0 billion for 2008, and $79.1 billion for 2009. For all 3 years, downward revisions to PCE more than accounted for the revision to personal outlays. The personal saving rate (personal saving as a percentage of DPI) was revised up for all 3 years: from 1.7 percent to 2.1 percent for 2007, from 2.7 percent to 4.1 percent for 2008, and from 4.2 percent to 5.9 percent for 2009. NOTE. -- BEA acknowledges the special efforts by the Bureau of Labor Statistics with the assistance of 16 state employment offices in providing preliminary data for the first quarter of 2010 from the quarterly census of employment and wages. Wage and salary data from the state employment offices of California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Kansas, Massachusetts, Missouri, North Carolina, New Jersey, New York, Ohio, Pennsylvania, and Texas were provided. These data should greatly improve the estimates of wages and salaries. Annual Revision of the National Income and Product Accounts The estimates released today reflect the results of the annual revision of the national income and product accounts, beginning with the estimates for January 2007. Annual revisions, which are usually released in July, incorporate source data that are more complete, more detailed, and otherwise more reliable than those previously available. This release includes revised estimates of monthly personal income, disposable personal income, and outlays and provides an overview of the effects of the revision. The August 2010 Survey will contain NIPA tables and an article describing the revisions. The revised estimates will be available on BEA’s Web site at www.bea.gov. BEA’s national, international, regional, and industry estimates; the Survey of Current Business; and BEA news releases are available without charge on BEA’s Web site at www.bea.gov. By visiting the site, you can also subscribe to receive free e-mail summaries of BEA releases and announcements. * * * Next release -- August 30, 2010 at 8:30 A.M. EDT for Personal Income and Outlays for July. ________________________ NOTE. - - 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 (2005) dollars. This news release is available on BEA’s Web site at www.bea.gov/newsreleases/rels.htm. -more- Table 1. Personal Income and Its Disposition (Months)--Continues [Billions of dollars; months seasonally adjusted at annual rates] ---------------------------------------------------------------------------------------------------------------------------------------------- Dec 06 Jan 07 Feb 07 Mar 07 Apr 07 May 07 Jun 07 Jul 07 Aug 07 Sep 07 Oct 07 ---------------------------------------------------------------------------------------------------------------------------------------------- Personal income............................ 11,590.3 11,640.7 11,713.8 11,788.2 11,815.8 11,843.0 11,858.1 11,906.9 11,931.9 12,024.5 12,065.1 Compensation of employees, received...... 7,688.7 7,745.3 7,787.9 7,811.0 7,807.5 7,805.6 7,830.0 7,849.5 7,851.2 7,905.0 7,926.4 Wage and salary disbursements.......... 6,260.2 6,317.1 6,359.6 6,382.6 6,378.1 6,374.7 6,395.6 6,411.9 6,411.5 6,459.3 6,475.0 Private industries................... 5,205.2 5,245.0 5,282.4 5,302.9 5,297.3 5,292.5 5,310.6 5,324.3 5,319.0 5,361.6 5,374.9 Goods-producing industries......... 1,204.5 1,209.1 1,203.7 1,207.2 1,214.4 1,210.4 1,208.2 1,210.5 1,202.9 1,217.4 1,212.2 Manufacturing.................... 754.5 755.8 751.6 752.1 755.8 751.4 747.6 749.6 743.7 751.6 746.3 Services-producing industries...... 4,000.7 4,035.9 4,078.7 4,095.6 4,083.0 4,082.1 4,102.4 4,113.8 4,116.2 4,144.2 4,162.7 Trade, transportation, and utilities....................... 1,021.7 1,022.5 1,033.4 1,042.3 1,044.3 1,045.0 1,050.7 1,046.1 1,039.8 1,045.2 1,052.6 Other services-producing industries...................... 2,979.0 3,013.4 3,045.3 3,053.3 3,038.7 3,037.1 3,051.8 3,067.8 3,076.4 3,099.0 3,110.1 Government........................... 1,055.0 1,072.1 1,077.3 1,079.8 1,080.7 1,082.2 1,085.0 1,087.5 1,092.5 1,097.7 1,100.2 Supplements to wages and salaries...... 1,428.4 1,428.2 1,428.2 1,428.4 1,429.4 1,430.9 1,434.4 1,437.6 1,439.6 1,445.7 1,451.3 Employer contributions for employee pension and insurance funds......... 973.0 971.4 969.7 969.5 971.5 974.1 976.9 979.2 981.9 984.8 989.4 Employer contributions for government social insurance.................... 455.4 456.7 458.5 458.9 457.9 456.9 457.5 458.4 457.7 460.9 462.0 Proprietors' income with inventory valuation and capital consumption adjustments............................. 1,146.8 1,105.1 1,103.8 1,100.1 1,092.7 1,089.6 1,087.8 1,084.6 1,077.2 1,076.0 1,079.9 Farm................................... 33.9 35.8 36.6 36.2 34.9 33.9 33.4 33.4 34.6 37.0 40.5 Nonfarm................................ 1,112.9 1,069.3 1,067.3 1,063.9 1,057.9 1,055.7 1,054.3 1,051.2 1,042.6 1,039.0 1,039.4 Rental income of persons with capital consumption adjustment.................. 126.8 121.2 120.7 125.4 134.6 140.5 144.4 143.2 145.8 151.5 159.5 Personal income receipts on assets....... 1,914.3 1,924.4 1,952.1 2,001.1 2,037.7 2,060.2 2,053.2 2,077.7 2,098.0 2,120.4 2,122.7 Personal interest income............... 1,154.9 1,181.6 1,205.5 1,229.0 1,238.5 1,248.6 1,258.5 1,274.5 1,291.4 1,308.9 1,312.7 Personal dividend income............... 759.4 742.7 746.6 772.1 799.2 811.6 794.7 803.2 806.5 811.5 810.1 Personal current transfer receipts....... 1,653.7 1,694.8 1,703.7 1,706.4 1,697.8 1,700.2 1,697.7 1,709.0 1,716.1 1,734.3 1,741.6 Government social benefits to persons.. 1,629.2 1,668.6 1,677.1 1,679.0 1,669.3 1,670.7 1,667.2 1,677.8 1,684.1 1,701.6 1,708.2 Old-age, survivors, disability, and health insurance benefits........... 975.5 985.5 988.3 993.5 992.9 1,001.2 1,001.4 1,000.5 1,006.3 1,014.6 1,010.3 Government unemployment insurance benefits............................ 30.4 32.6 32.4 29.0 31.9 30.9 28.9 33.8 30.7 33.9 34.7 Other................................ 623.4 650.5 656.5 656.6 644.5 638.5 636.9 643.5 647.1 653.1 663.3 Other current transfer receipts, from business (net)........................ 24.5 26.2 26.6 27.4 28.5 29.6 30.5 31.2 32.0 32.7 33.3 Less: Contributions for government social insurance, domestic..................... 940.0 950.0 954.4 955.9 954.5 953.1 955.0 957.2 956.3 962.7 965.0 Less: Personal current taxes............... 1,415.2 1,442.5 1,460.9 1,472.8 1,475.6 1,479.1 1,486.4 1,493.3 1,495.0 1,504.2 1,506.6 Equals: Disposable personal income......... 10,175.2 10,198.2 10,252.9 10,315.3 10,340.2 10,363.9 10,371.7 10,413.6 10,436.9 10,520.2 10,558.5 Less: Personal outlays..................... 9,927.5 9,971.6 10,014.5 10,058.7 10,110.8 10,164.3 10,186.4 10,225.0 10,262.7 10,313.9 10,337.9 Personal consumption expenditures........ 9,551.0 9,588.2 9,631.3 9,678.9 9,720.2 9,763.8 9,775.7 9,810.2 9,846.1 9,896.2 9,924.8 Goods.................................. 3,287.3 3,279.1 3,284.5 3,317.8 3,323.5 3,361.6 3,345.0 3,364.2 3,352.5 3,392.6 3,396.1 Durable goods........................ 1,150.5 1,148.7 1,148.5 1,152.3 1,150.5 1,171.0 1,154.6 1,152.7 1,159.9 1,176.9 1,174.7 Nondurable goods..................... 2,136.8 2,130.4 2,136.0 2,165.5 2,173.0 2,190.6 2,190.5 2,211.5 2,192.6 2,215.6 2,221.4 Services............................... 6,263.7 6,309.1 6,346.9 6,361.1 6,396.7 6,402.2 6,430.6 6,446.0 6,493.6 6,503.7 6,528.7 Personal interest payments\1\............ 242.9 245.9 245.4 241.8 251.1 260.5 270.2 272.4 273.7 274.1 267.7 Personal current transfer payments....... 133.7 137.4 137.7 138.0 139.5 140.0 140.5 142.4 143.0 143.6 145.4 To government.......................... 78.9 79.8 80.1 80.4 80.9 81.4 81.9 82.5 83.0 83.6 84.2 To the rest of the world (net)......... 54.8 57.6 57.6 57.6 58.6 58.6 58.6 60.0 60.0 60.0 61.2 Equals: Personal saving.................... 247.6 226.7 238.5 256.6 229.4 199.6 185.3 188.6 174.2 206.4 220.6 Personal saving as a percentage of disposable personal income.............. 2.4 2.2 2.3 2.5 2.2 1.9 1.8 1.8 1.7 2.0 2.1 Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars\2\............... 9,591.3 9,571.3 9,598.1 9,628.3 9,640.8 9,636.4 9,638.1 9,656.1 9,664.8 9,697.2 9,701.0 Disposable personal income: Total, billions of chained (2005) dollars\2\............................ 9,821.6 9,814.1 9,830.9 9,851.3 9,852.5 9,846.5 9,838.6 9,860.4 9,874.0 9,914.0 9,921.8 Per capita: Current dollars...................... 33,866 33,916 34,073 34,254 34,311 34,362 34,358 34,467 34,513 34,757 34,855 Chained (2005) dollars............... 32,689 32,639 32,670 32,714 32,693 32,646 32,592 32,636 32,651 32,754 32,753 Population (midperiod, thousands)\3\..... 300,457 300,688 300,912 301,138 301,369 301,611 301,871 302,135 302,407 302,677 302,930 ---------------------------------------------------------------------------------------------------------------------------------------------- 1. Consists of nonmortgage interest paid by households. 2. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. 3. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized population. The monthly estimate is the average of estimates for the first of the month and the first of the following month; the annual and quarterly estimates are averages of the monthly estimates. Table 1. Personal Income and Its Disposition (Months)--Continues [Billions of dollars; months seasonally adjusted at annual rates] ---------------------------------------------------------------------------------------------------------------------------------------------- Nov 07 Dec 07 Jan 08 Feb 08 Mar 08 Apr 08 May 08 Jun 08 Jul 08 Aug 08 Sep 08 ---------------------------------------------------------------------------------------------------------------------------------------------- Personal income............................ 12,132.0 12,227.2 12,258.0 12,294.0 12,349.2 12,336.5 12,522.1 12,524.1 12,409.7 12,462.6 12,468.9 Compensation of employees, received...... 7,984.2 8,042.3 8,063.6 8,077.2 8,105.7 8,076.6 8,074.4 8,081.0 8,071.6 8,092.6 8,084.6 Wage and salary disbursements.......... 6,523.9 6,571.3 6,583.1 6,590.4 6,614.3 6,579.6 6,572.4 6,573.2 6,560.9 6,576.8 6,565.9 Private industries................... 5,419.8 5,462.0 5,460.9 5,463.1 5,482.8 5,445.0 5,434.6 5,431.0 5,414.0 5,426.0 5,410.9 Goods-producing industries......... 1,227.8 1,237.4 1,225.4 1,218.3 1,233.8 1,216.6 1,223.7 1,227.1 1,210.5 1,209.3 1,198.9 Manufacturing.................... 757.4 763.6 752.6 746.7 755.6 744.1 750.4 757.4 746.4 745.5 737.0 Services-producing industries...... 4,192.0 4,224.7 4,235.5 4,244.7 4,249.0 4,228.4 4,210.9 4,203.9 4,203.5 4,216.6 4,212.0 Trade, transportation, and utilities....................... 1,059.6 1,060.5 1,059.6 1,061.5 1,062.0 1,057.7 1,054.4 1,054.4 1,052.2 1,053.7 1,050.0 Other services-producing industries...................... 3,132.4 3,164.1 3,175.9 3,183.2 3,187.0 3,170.7 3,156.5 3,149.5 3,151.3 3,162.9 3,162.0 Government........................... 1,104.0 1,109.3 1,122.2 1,127.4 1,131.5 1,134.6 1,137.8 1,142.2 1,146.9 1,150.8 1,155.0 Supplements to wages and salaries...... 1,460.4 1,471.0 1,480.5 1,486.8 1,491.4 1,497.0 1,502.0 1,507.7 1,510.7 1,515.8 1,518.7 Employer contributions for employee pension and insurance funds......... 995.3 1,002.3 1,010.7 1,016.3 1,018.9 1,026.7 1,031.9 1,037.1 1,040.7 1,044.0 1,046.9 Employer contributions for government social insurance.................... 465.1 468.7 469.8 470.5 472.5 470.4 470.1 470.6 470.0 471.8 471.8 Proprietors' income with inventory valuation and capital consumption adjustments............................. 1,087.8 1,099.7 1,099.0 1,104.4 1,118.4 1,114.8 1,116.1 1,117.5 1,117.7 1,117.1 1,099.8 Farm................................... 45.4 51.6 59.0 62.2 60.9 55.3 51.9 50.8 51.9 51.1 48.4 Nonfarm................................ 1,042.4 1,048.1 1,040.0 1,042.3 1,057.5 1,059.5 1,064.1 1,066.7 1,065.8 1,066.0 1,051.4 Rental income of persons with capital consumption adjustment.................. 166.4 171.8 176.5 181.8 189.0 196.5 205.5 216.0 226.8 237.2 247.4 Personal income receipts on assets....... 2,116.4 2,120.4 2,122.2 2,128.5 2,120.1 2,118.2 2,111.9 2,114.1 2,125.8 2,131.2 2,132.3 Personal interest income............... 1,315.2 1,317.3 1,315.5 1,313.6 1,311.9 1,315.1 1,315.6 1,315.1 1,325.4 1,334.4 1,342.3 Personal dividend income............... 801.3 803.1 806.7 814.9 808.3 803.1 796.3 799.0 800.4 796.8 790.0 Personal current transfer receipts....... 1,748.6 1,771.3 1,782.6 1,789.6 1,807.3 1,817.9 2,001.6 1,983.8 1,855.2 1,875.1 1,895.3 Government social benefits to persons.. 1,714.7 1,736.8 1,747.4 1,753.8 1,771.1 1,781.5 1,964.9 1,946.9 1,818.1 1,837.9 1,858.1 Old-age, survivors, disability, and health insurance benefits........... 1,014.6 1,029.4 1,037.7 1,041.9 1,054.4 1,054.1 1,062.6 1,065.6 1,073.4 1,076.4 1,080.8 Government unemployment insurance benefits............................ 32.8 36.6 35.0 34.8 37.1 36.9 35.7 40.1 44.5 60.6 69.2 Other................................ 667.3 670.9 674.7 677.1 679.7 690.5 866.6 841.1 700.2 700.9 708.1 Other current transfer receipts, from business (net)........................ 33.9 34.5 35.1 35.7 36.2 36.5 36.7 36.9 37.1 37.2 37.2 Less: Contributions for government social insurance, domestic..................... 971.5 978.3 985.9 987.5 991.4 987.6 987.3 988.3 987.3 990.7 990.5 Less: Personal current taxes............... 1,517.3 1,530.2 1,528.9 1,535.4 1,543.2 1,523.3 1,130.3 1,341.3 1,350.4 1,493.4 1,483.4 Equals: Disposable personal income......... 10,614.7 10,697.0 10,729.1 10,758.6 10,806.0 10,813.2 11,391.8 11,182.8 11,059.3 10,969.2 10,985.6 Less: Personal outlays..................... 10,409.3 10,452.0 10,467.2 10,455.0 10,503.6 10,547.7 10,584.1 10,642.9 10,638.5 10,616.1 10,569.3 Personal consumption expenditures........ 9,998.9 10,041.5 10,054.9 10,044.8 10,097.5 10,138.8 10,175.7 10,234.5 10,230.6 10,209.7 10,165.6 Goods.................................. 3,431.5 3,443.8 3,426.6 3,390.1 3,429.4 3,435.4 3,452.7 3,487.9 3,479.1 3,469.9 3,401.1 Durable goods........................ 1,166.6 1,156.7 1,143.5 1,127.3 1,122.4 1,120.8 1,120.8 1,109.8 1,085.0 1,096.8 1,058.7 Nondurable goods..................... 2,264.9 2,287.1 2,283.0 2,262.8 2,307.1 2,314.7 2,331.9 2,378.2 2,394.1 2,373.1 2,342.4 Services............................... 6,567.4 6,597.7 6,628.3 6,654.7 6,668.1 6,703.4 6,723.0 6,746.6 6,751.5 6,739.8 6,764.5 Personal interest payments\1\............ 264.3 263.7 262.7 259.9 255.1 253.5 252.5 251.9 250.5 248.4 245.2 Personal current transfer payments....... 146.1 146.8 149.6 150.3 151.0 155.3 155.9 156.5 157.5 158.0 158.5 To government.......................... 84.9 85.6 86.4 87.1 87.8 88.4 89.0 89.6 90.2 90.7 91.2 To the rest of the world (net)......... 61.2 61.2 63.2 63.2 63.2 66.9 66.9 66.9 67.3 67.3 67.3 Equals: Personal saving.................... 205.3 245.0 261.9 303.6 302.4 265.5 807.6 539.9 420.7 353.1 416.3 Personal saving as a percentage of disposable personal income.............. 1.9 2.3 2.4 2.8 2.8 2.5 7.1 4.8 3.8 3.2 3.8 Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars\2\............... 9,704.2 9,741.5 9,730.6 9,736.0 9,732.5 9,681.4 9,643.0 9,598.3 9,560.5 9,598.9 9,576.5 Disposable personal income: Total, billions of chained (2005) dollars\2\............................ 9,920.4 9,966.2 9,966.3 9,971.5 9,976.4 9,952.5 10,441.6 10,183.4 10,017.7 9,944.9 9,949.6 Per capita: Current dollars...................... 35,012 35,257 35,338 35,412 35,545 35,544 37,419 36,704 36,269 35,944 35,967 Chained (2005) dollars............... 32,722 32,849 32,826 32,822 32,816 32,715 34,298 33,424 32,854 32,587 32,576 Population (midperiod, thousands)\3\..... 303,171 303,397 303,609 303,809 304,012 304,220 304,439 304,677 304,921 305,177 305,431 ---------------------------------------------------------------------------------------------------------------------------------------------- 1. Consists of nonmortgage interest paid by households. 2. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. 3. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized population. The monthly estimate is the average of estimates for the first of the month and the first of the following month; the annual and quarterly estimates are averages of the monthly estimates. Table 1. Personal Income and Its Disposition (Months)--Continues [Billions of dollars; months seasonally adjusted at annual rates] ---------------------------------------------------------------------------------------------------------------------------------------------- Oct 08 Nov 08 Dec 08 Jan 09 Feb 09 Mar 09 Apr 09 May 09 Jun 09 Jul 09 Aug 09 ---------------------------------------------------------------------------------------------------------------------------------------------- Personal income............................ 12,435.0 12,376.1 12,257.7 12,160.2 12,072.2 12,047.3 12,110.5 12,310.8 12,189.0 12,148.3 12,173.8 Compensation of employees, received...... 8,087.4 8,046.1 7,928.7 7,825.9 7,764.7 7,742.4 7,803.0 7,834.7 7,819.4 7,793.1 7,810.1 Wage and salary disbursements.......... 6,564.1 6,520.4 6,407.3 6,307.3 6,248.2 6,224.6 6,276.9 6,301.8 6,284.3 6,259.6 6,274.5 Private industries................... 5,405.2 5,359.7 5,247.7 5,139.1 5,081.2 5,057.0 5,103.3 5,125.2 5,105.7 5,082.8 5,098.0 Goods-producing industries......... 1,192.2 1,186.5 1,149.2 1,118.5 1,101.9 1,080.2 1,072.1 1,064.3 1,052.5 1,045.7 1,050.9 Manufacturing.................... 730.0 726.9 702.0 685.9 681.3 668.7 665.6 660.2 651.5 647.7 651.8 Services-producing industries...... 4,213.1 4,173.2 4,098.5 4,020.7 3,979.4 3,976.8 4,031.3 4,060.9 4,053.2 4,037.1 4,047.2 Trade, transportation, and utilities....................... 1,049.7 1,036.8 1,018.5 1,008.4 996.7 985.8 988.5 994.5 986.7 982.6 988.8 Other services-producing industries...................... 3,163.3 3,136.4 3,079.9 3,012.3 2,982.6 2,991.0 3,042.7 3,066.4 3,066.5 3,054.4 3,058.4 Government........................... 1,158.8 1,160.7 1,159.7 1,168.2 1,167.0 1,167.6 1,173.5 1,176.6 1,178.6 1,176.8 1,176.4 Supplements to wages and salaries...... 1,523.4 1,525.7 1,521.3 1,518.6 1,516.5 1,517.9 1,526.2 1,532.9 1,535.1 1,533.5 1,535.7 Employer contributions for employee pension and insurance funds......... 1,051.5 1,056.2 1,058.7 1,058.7 1,060.0 1,062.0 1,066.3 1,070.3 1,073.1 1,073.4 1,073.9 Employer contributions for government social insurance.................... 471.8 469.5 462.6 459.9 456.5 455.8 459.9 462.6 462.0 460.1 461.8 Proprietors' income with inventory valuation and capital consumption adjustments............................. 1,088.6 1,076.4 1,054.0 1,036.0 1,017.1 1,002.9 1,001.0 999.7 1,000.9 1,003.2 1,007.9 Farm................................... 43.7 39.4 35.4 31.6 29.2 28.1 28.3 28.1 27.6 26.7 27.5 Nonfarm................................ 1,044.8 1,037.0 1,018.7 1,004.4 987.9 974.8 972.7 971.6 973.3 976.5 980.4 Rental income of persons with capital consumption adjustment.................. 258.2 263.4 266.3 264.4 264.5 265.1 266.7 269.1 272.4 276.5 279.4 Personal income receipts on assets....... 2,096.4 2,069.8 2,041.0 2,006.6 1,970.6 1,941.1 1,927.4 1,925.5 1,924.8 1,905.4 1,889.3 Personal interest income............... 1,312.8 1,294.7 1,280.3 1,260.4 1,240.6 1,220.5 1,225.1 1,229.6 1,233.9 1,223.0 1,213.2 Personal dividend income............... 783.6 775.1 760.8 746.2 730.0 720.5 702.3 695.9 690.9 682.4 676.2 Personal current transfer receipts....... 1,895.4 1,906.7 1,940.5 1,996.5 2,017.8 2,056.7 2,081.2 2,255.5 2,143.8 2,139.4 2,159.3 Government social benefits to persons.. 1,858.2 1,869.5 1,903.5 1,959.8 1,981.4 2,020.4 2,045.0 2,219.4 2,107.8 2,103.5 2,123.5 Old-age, survivors, disability, and health insurance benefits........... 1,083.9 1,089.1 1,099.6 1,131.6 1,138.7 1,145.4 1,154.7 1,153.2 1,166.8 1,166.8 1,166.6 Government unemployment insurance benefits............................ 61.8 67.6 85.0 86.0 94.9 113.7 112.4 127.2 143.7 135.7 150.7 Other................................ 712.5 712.8 718.9 742.2 747.8 761.3 778.0 939.0 797.4 801.1 806.2 Other current transfer receipts, from business (net)........................ 37.2 37.2 37.0 36.7 36.5 36.3 36.2 36.1 36.0 35.9 35.8 Less: Contributions for government social insurance, domestic..................... 991.0 986.4 972.9 969.2 962.5 960.9 968.8 973.6 972.3 969.2 972.2 Less: Personal current taxes............... 1,468.8 1,443.9 1,416.2 1,247.9 1,216.0 1,176.4 1,121.3 1,110.6 1,105.4 1,112.2 1,120.4 Equals: Disposable personal income......... 10,966.2 10,932.2 10,841.5 10,912.4 10,856.2 10,870.9 10,989.1 11,200.2 11,083.5 11,036.1 11,053.4 Less: Personal outlays..................... 10,471.2 10,338.1 10,226.8 10,298.2 10,310.4 10,266.3 10,268.3 10,284.3 10,339.7 10,364.6 10,485.2 Personal consumption expenditures........ 10,084.7 9,960.6 9,856.4 9,920.8 9,931.4 9,886.7 9,890.7 9,907.2 9,962.4 9,983.1 10,102.1 Goods.................................. 3,311.9 3,184.1 3,086.0 3,151.4 3,178.7 3,145.1 3,143.3 3,167.6 3,215.2 3,232.3 3,336.6 Durable goods........................ 1,018.9 1,009.0 988.7 1,019.5 1,017.8 999.4 993.1 1,006.8 1,014.0 1,030.0 1,097.2 Nondurable goods..................... 2,292.9 2,175.1 2,097.2 2,131.9 2,160.9 2,145.7 2,150.2 2,160.8 2,201.2 2,202.3 2,239.4 Services............................... 6,772.9 6,776.4 6,770.4 6,769.4 6,752.7 6,741.6 6,747.4 6,739.6 6,747.2 6,750.8 6,765.5 Personal interest payments\1\............ 233.8 224.4 216.9 219.2 220.4 220.7 219.1 218.2 218.0 220.0 221.2 Personal current transfer payments....... 152.7 153.1 153.5 158.2 158.5 158.9 158.5 158.9 159.3 161.4 161.9 To government.......................... 91.6 92.0 92.4 92.7 93.1 93.4 93.9 94.3 94.7 95.1 95.6 To the rest of the world (net)......... 61.1 61.1 61.1 65.4 65.4 65.4 64.6 64.6 64.6 66.3 66.3 Equals: Personal saving.................... 495.1 594.1 614.7 614.2 545.8 604.6 720.9 915.9 743.8 671.6 568.2 Personal saving as a percentage of disposable personal income.............. 4.5 5.4 5.7 5.6 5.0 5.6 6.6 8.2 6.7 6.1 5.1 Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars\2\............... 9,601.3 9,651.2 9,556.6 9,400.6 9,274.5 9,221.3 9,242.3 9,254.3 9,194.2 9,154.8 9,132.8 Disposable personal income: Total, billions of chained (2005) dollars\2\............................ 9,989.9 10,077.9 10,042.2 10,093.0 10,014.1 10,033.9 10,126.8 10,307.9 10,144.5 10,094.4 10,080.2 Per capita: Current dollars...................... 35,876 35,738 35,417 35,626 35,421 35,446 35,809 36,471 36,065 35,883 35,909 Chained (2005) dollars............... 32,682 32,946 32,806 32,951 32,673 32,717 32,999 33,566 33,009 32,821 32,748 Population (midperiod, thousands)\3\..... 305,670 305,895 306,106 306,305 306,495 306,688 306,885 307,095 307,323 307,562 307,815 ---------------------------------------------------------------------------------------------------------------------------------------------- 1. Consists of nonmortgage interest paid by households. 2. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. 3. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized population. The monthly estimate is the average of estimates for the first of the month and the first of the following month; the annual and quarterly estimates are averages of the monthly estimates. Table 1. Personal Income and Its Disposition (Months)--Table Ends [Billions of dollars; months seasonally adjusted at annual rates] ------------------------------------------------------------------------------------------------------------------------------------- Sep 09 Oct 09 Nov 09 Dec 09 Jan 10 Feb 10 Mar 10 Apr 10 May 10 Jun 10\p\ ------------------------------------------------------------------------------------------------------------------------------------- Personal income............................ 12,169.7 12,178.7 12,237.4 12,300.7 12,332.8 12,349.0 12,403.5 12,457.7 12,498.2 12,501.2 Compensation of employees, received...... 7,792.9 7,813.1 7,838.7 7,842.4 7,864.7 7,864.5 7,884.5 7,915.7 7,945.9 7,942.0 Wage and salary disbursements.......... 6,257.6 6,272.1 6,291.2 6,291.5 6,300.4 6,297.5 6,313.2 6,340.6 6,366.8 6,361.0 Private industries................... 5,084.1 5,097.2 5,116.2 5,116.7 5,116.7 5,112.3 5,125.6 5,150.5 5,169.7 5,164.5 Goods-producing industries......... 1,043.5 1,040.8 1,050.5 1,046.9 1,040.4 1,032.9 1,035.0 1,040.4 1,050.8 1,041.9 Manufacturing.................... 649.7 652.0 662.3 660.6 657.9 654.2 655.2 658.9 666.7 660.7 Services-producing industries...... 4,040.6 4,056.4 4,065.7 4,069.8 4,076.3 4,079.4 4,090.6 4,110.1 4,118.9 4,122.6 Trade, transportation, and utilities....................... 989.4 988.9 988.2 987.6 989.4 988.6 992.3 998.5 1,001.0 998.4 Other services-producing industries...................... 3,051.2 3,067.6 3,077.5 3,082.2 3,086.8 3,090.9 3,098.3 3,111.6 3,117.9 3,124.2 Government........................... 1,173.5 1,174.8 1,175.1 1,174.8 1,183.7 1,185.2 1,187.6 1,190.1 1,197.1 1,196.5 Supplements to wages and salaries...... 1,535.2 1,541.1 1,547.5 1,550.9 1,564.3 1,567.0 1,571.3 1,575.0 1,579.1 1,581.0 Employer contributions for employee pension and insurance funds......... 1,074.7 1,079.7 1,084.1 1,088.1 1,093.1 1,095.8 1,098.5 1,100.6 1,102.8 1,104.9 Employer contributions for government social insurance.................... 460.6 461.4 463.4 462.8 471.2 471.2 472.8 474.4 476.3 476.1 Proprietors' income with inventory valuation and capital consumption adjustments............................. 1,008.3 1,015.7 1,025.2 1,025.3 1,027.0 1,028.0 1,037.2 1,049.5 1,051.7 1,047.3 Farm................................... 29.9 34.0 36.7 38.0 37.4 36.8 36.2 36.4 36.6 36.8 Nonfarm................................ 978.4 981.8 988.5 987.3 989.7 991.2 1,001.0 1,013.1 1,015.1 1,010.4 Rental income of persons with capital consumption adjustment.................. 281.5 283.0 283.0 282.3 287.4 292.5 298.0 299.1 300.9 302.7 Personal income receipts on assets....... 1,878.5 1,870.7 1,880.8 1,915.9 1,913.3 1,916.1 1,903.8 1,911.9 1,916.0 1,917.9 Personal interest income............... 1,203.7 1,197.0 1,203.7 1,216.6 1,212.6 1,208.7 1,204.7 1,205.3 1,206.0 1,206.6 Personal dividend income............... 674.8 673.7 677.1 699.3 700.7 707.4 699.0 706.5 710.0 711.3 Personal current transfer receipts....... 2,179.0 2,168.6 2,185.7 2,210.5 2,228.7 2,236.3 2,271.4 2,276.5 2,282.5 2,289.7 Government social benefits to persons.. 2,143.2 2,132.8 2,149.9 2,174.7 2,192.1 2,199.7 2,234.7 2,239.8 2,245.5 2,252.5 Old-age, survivors, disability, and health insurance benefits........... 1,184.2 1,183.3 1,184.7 1,198.4 1,187.3 1,190.7 1,195.9 1,207.5 1,208.2 1,208.6 Government unemployment insurance benefits............................ 148.6 135.9 144.3 150.1 143.3 138.2 156.8 137.2 137.1 136.0 Other................................ 810.4 813.5 820.9 826.2 861.6 870.8 882.1 895.0 900.2 907.8 Other current transfer receipts, from business (net)........................ 35.8 35.8 35.8 35.8 36.6 36.6 36.7 36.7 37.0 37.2 Less: Contributions for government social insurance, domestic..................... 970.4 972.5 976.0 975.8 988.5 988.5 991.4 994.9 998.7 998.3 Less: Personal current taxes............... 1,118.3 1,117.1 1,117.8 1,116.8 1,134.7 1,135.8 1,140.0 1,136.3 1,139.9 1,137.9 Equals: Disposable personal income......... 11,051.4 11,061.5 11,119.6 11,183.9 11,198.1 11,213.2 11,263.6 11,321.3 11,358.2 11,363.3 Less: Personal outlays..................... 10,420.9 10,478.4 10,502.3 10,536.4 10,554.0 10,602.9 10,654.6 10,639.8 10,644.4 10,637.4 Personal consumption expenditures........ 10,037.0 10,098.0 10,128.2 10,168.4 10,182.8 10,229.9 10,279.7 10,268.8 10,277.4 10,274.5 Goods.................................. 3,259.5 3,289.3 3,322.6 3,327.0 3,346.8 3,375.3 3,417.9 3,395.8 3,372.2 3,363.8 Durable goods........................ 1,008.2 1,031.8 1,048.2 1,051.8 1,041.0 1,052.2 1,089.0 1,077.4 1,074.6 1,075.2 Nondurable goods..................... 2,251.3 2,257.5 2,274.4 2,275.2 2,305.8 2,323.1 2,328.9 2,318.4 2,297.6 2,288.6 Services............................... 6,777.5 6,808.7 6,805.6 6,841.4 6,836.1 6,854.6 6,861.8 6,873.0 6,905.2 6,910.7 Personal interest payments\1\............ 221.6 214.5 207.7 201.1 202.5 203.8 205.2 200.5 195.9 191.2 Personal current transfer payments....... 162.3 165.9 166.4 166.9 168.7 169.2 169.7 170.5 171.1 171.6 To government.......................... 96.0 96.5 96.9 97.4 97.9 98.5 99.0 99.5 100.1 100.6 To the rest of the world (net)......... 66.3 69.5 69.5 69.5 70.7 70.7 70.7 71.0 71.0 71.0 Equals: Personal saving.................... 630.5 583.1 617.4 647.5 644.1 610.3 609.0 681.5 713.9 725.9 Personal saving as a percentage of disposable personal income.............. 5.7 5.3 5.6 5.8 5.8 5.4 5.4 6.0 6.3 6.4 Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars\2\............... 9,098.7 9,091.2 9,108.9 9,128.6 9,118.2 9,122.4 9,125.6 9,170.5 9,208.4 9,217.8 Disposable personal income: Total, billions of chained (2005) dollars\2\............................ 10,064.7 10,046.2 10,076.7 10,118.1 10,105.5 10,115.2 10,144.7 10,197.5 10,238.2 10,257.5 Per capita: Current dollars...................... 35,873 35,879 36,041 36,225 36,248 36,275 36,415 36,578 36,673 36,663 Chained (2005) dollars............... 32,670 32,585 32,661 32,773 32,711 32,723 32,798 32,947 33,057 33,095 Population (midperiod, thousands)\3\..... 308,068 308,304 308,526 308,733 308,930 309,119 309,312 309,509 309,718 309,942 ------------------------------------------------------------------------------------------------------------------------------------- p Preliminary 1. Consists of nonmortgage interest paid by households. 2. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. 3. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized population. The monthly estimate is the average of estimates for the first of the month and the first of the following month; the annual and quarterly estimates are averages of the monthly estimates. Table 2. Personal Income and Its Disposition (Years and Quarters)--Continues [Billions of dollars; quarters seasonally adjusted at annual rates] ---------------------------------------------------------------------------------------------------------------------------- 2006 2007 2008 2009 IV 06 I 07 II 07 III 07 IV 07 ---------------------------------------------------------------------------------------------------------------------------- Personal income............................ 11,268.1 11,912.3 12,391.1 12,174.9 11,504.8 11,714.3 11,839.0 11,954.4 12,141.4 Compensation of employees, received...... 7,475.7 7,862.2 8,065.8 7,806.7 7,625.3 7,781.4 7,814.4 7,868.5 7,984.3 Wage and salary disbursements.......... 6,068.9 6,421.7 6,559.0 6,274.1 6,202.6 6,353.1 6,382.8 6,427.6 6,523.4 Private industries................... 5,033.7 5,332.7 5,415.1 5,100.5 5,150.4 5,276.8 5,300.1 5,335.0 5,418.9 Goods-producing industries......... 1,176.0 1,213.4 1,207.6 1,064.0 1,192.5 1,206.7 1,211.0 1,210.2 1,225.8 Manufacturing.................... 738.7 752.2 741.2 661.5 746.5 753.2 751.6 748.3 755.8 Services-producing industries...... 3,857.8 4,119.3 4,207.4 4,036.6 3,957.9 4,070.1 4,089.2 4,124.7 4,193.1 Trade, transportation, and utilities....................... 996.0 1,045.2 1,050.9 990.5 1,014.3 1,032.7 1,046.6 1,043.7 1,057.6 Other services-producing industries...................... 2,861.8 3,074.1 3,156.6 3,046.1 2,943.6 3,037.3 3,042.5 3,081.0 3,135.5 Government........................... 1,035.2 1,089.0 1,144.0 1,173.6 1,052.3 1,076.4 1,082.7 1,092.6 1,104.5 Supplements to wages and salaries...... 1,406.9 1,440.4 1,506.8 1,532.6 1,422.6 1,428.3 1,431.6 1,441.0 1,460.9 Employer contributions for employee pension and insurance funds......... 960.1 980.5 1,036.6 1,072.0 970.4 970.2 974.2 982.0 995.6 Employer contributions for government social insurance.................... 446.7 459.9 470.1 460.6 452.2 458.0 457.4 459.0 465.2 Proprietors' income with inventory valuation and capital consumption adjustments............................. 1,133.0 1,090.4 1,102.0 1,011.9 1,140.6 1,103.0 1,090.0 1,079.3 1,089.1 Farm................................... 29.3 37.8 50.8 30.5 32.2 36.2 34.1 35.0 45.9 Nonfarm................................ 1,103.6 1,052.6 1,051.2 981.5 1,108.4 1,066.8 1,056.0 1,044.3 1,043.3 Rental income of persons with capital consumption adjustment.................. 146.5 143.7 222.0 274.0 131.2 122.4 139.8 146.8 165.9 Personal income receipts on assets....... 1,829.7 2,057.0 2,109.3 1,919.7 1,909.0 1,959.2 2,050.4 2,098.7 2,119.8 Personal interest income............... 1,127.5 1,265.1 1,314.7 1,222.3 1,157.2 1,205.4 1,248.5 1,291.6 1,315.0 Personal dividend income............... 702.2 791.9 794.6 697.4 751.9 753.8 801.8 807.1 804.8 Personal current transfer receipts....... 1,605.0 1,718.5 1,879.2 2,132.8 1,632.4 1,701.6 1,698.6 1,719.8 1,753.8 Government social benefits to persons.. 1,583.6 1,687.9 1,842.6 2,096.8 1,609.1 1,674.9 1,669.0 1,687.8 1,719.9 Old-age, survivors, disability, and health insurance benefits........... 943.3 1,003.2 1,068.3 1,164.5 963.4 989.1 998.5 1,007.1 1,018.1 Government unemployment insurance benefits............................ 29.9 32.3 50.7 128.6 30.3 31.3 30.6 32.8 34.7 Other................................ 610.4 652.4 723.6 803.7 615.5 654.5 639.9 647.9 667.2 Other current transfer receipts, from business (net)........................ 21.4 30.5 36.7 36.0 23.3 26.7 29.6 32.0 33.9 Less: Contributions for government social insurance, domestic..................... 921.8 959.5 987.2 970.3 933.8 953.4 954.2 958.7 971.6 Less: Personal current taxes............... 1,352.4 1,488.7 1,438.2 1,140.0 1,393.5 1,458.7 1,480.4 1,497.5 1,518.0 Equals: Disposable personal income......... 9,915.7 10,423.6 10,952.9 11,034.9 10,111.2 10,255.5 10,358.6 10,456.9 10,623.4 Less: Personal outlays..................... 9,680.7 10,208.9 10,505.0 10,379.6 9,856.4 10,014.9 10,153.8 10,267.2 10,399.7 Personal consumption expenditures........ 9,322.7 9,806.3 10,104.5 10,001.3 9,484.1 9,632.8 9,753.2 9,850.8 9,988.4 Goods.................................. 3,221.7 3,357.7 3,379.5 3,230.7 3,249.1 3,293.8 3,343.4 3,369.8 3,423.8 Durable goods........................ 1,133.0 1,159.4 1,083.5 1,026.5 1,142.2 1,149.8 1,158.7 1,163.2 1,166.0 Nondurable goods..................... 2,088.7 2,198.2 2,296.0 2,204.2 2,106.9 2,143.9 2,184.7 2,206.6 2,257.8 Services............................... 6,100.9 6,448.6 6,725.0 6,770.6 6,235.0 6,339.0 6,409.8 6,481.1 6,564.6 Personal interest payments\1\............ 230.1 260.9 246.2 216.8 239.2 244.4 260.6 273.4 265.2 Personal current transfer payments....... 128.0 141.7 154.3 161.4 133.2 137.7 140.0 143.0 146.1 To government.......................... 76.4 82.4 89.7 95.0 78.4 80.1 81.4 83.0 84.9 To the rest of the world (net)......... 51.6 59.3 64.6 66.5 54.8 57.6 58.6 60.0 61.2 Equals: Personal saving.................... 235.0 214.7 447.9 655.3 254.8 240.6 204.8 189.7 223.7 Personal saving as a percentage of disposable personal income.............. 2.4 2.1 4.1 5.9 2.5 2.3 2.0 1.8 2.1 Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars\2\............... 9,404.8 9,656.5 9,638.5 9,191.1 9,557.5 9,599.3 9,638.5 9,672.7 9,715.5 Disposable personal income: Total, billions of chained (2005) dollars\2\............................ 9,650.7 9,874.2 10,042.9 10,099.8 9,788.8 9,832.1 9,845.9 9,882.8 9,936.1 Per capita: Current dollars...................... 33,157 34,512 35,931 35,888 33,680 34,081 34,344 34,579 35,042 Chained (2005) dollars............... 32,271 32,693 32,946 32,847 32,606 32,674 32,644 32,681 32,775 Population (midperiod, thousands)\3\..... 299,052 302,025 304,831 307,483 300,213 300,913 301,617 302,406 303,166 ---------------------------------------------------------------------------------------------------------------------------- 1. Consists of nonmortgage interest paid by households. 2. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. 3. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized population. The monthly estimate is the average of estimates for the first of the month and the first of the following month; the annual and quarterly estimates are averages of the monthly estimates. Table 2. Personal Income and Its Disposition (Years and Quarters)--Table Ends [Billions of dollars; quarters seasonally adjusted at annual rates] ------------------------------------------------------------------------------------------------------------------------------------- I 08 II 08 III 08 IV 08 I 09 II 09 III 09 IV 09 I 10 II 10 ------------------------------------------------------------------------------------------------------------------------------------- Personal income............................ 12,300.4 12,460.9 12,447.0 12,356.3 12,093.2 12,203.4 12,164.0 12,239.0 12,361.8 12,485.7 Compensation of employees, received...... 8,082.2 8,077.3 8,082.9 8,020.7 7,777.7 7,819.0 7,798.7 7,831.4 7,871.2 7,934.5 Wage and salary disbursements.......... 6,595.9 6,575.1 6,567.9 6,497.3 6,260.0 6,287.7 6,263.9 6,284.9 6,303.7 6,356.1 Private industries................... 5,468.9 5,436.9 5,417.0 5,337.5 5,092.5 5,111.4 5,088.3 5,110.0 5,118.2 5,161.6 Goods-producing industries......... 1,225.8 1,222.5 1,206.2 1,176.0 1,100.2 1,063.0 1,046.7 1,046.1 1,036.1 1,044.4 Manufacturing.................... 751.6 750.7 743.0 719.6 678.6 659.1 649.8 658.3 655.8 662.1 Services-producing industries...... 4,243.1 4,214.4 4,210.7 4,161.6 3,992.3 4,048.5 4,041.6 4,064.0 4,082.1 4,117.2 Trade, transportation, and utilities....................... 1,061.0 1,055.5 1,052.0 1,035.0 997.0 989.9 986.9 988.2 990.1 999.3 Other services-producing industries...................... 3,182.0 3,158.9 3,158.8 3,126.6 2,995.3 3,058.5 3,054.7 3,075.7 3,092.0 3,117.9 Government........................... 1,127.0 1,138.2 1,150.9 1,159.7 1,167.6 1,176.2 1,175.6 1,174.9 1,185.5 1,194.6 Supplements to wages and salaries...... 1,486.2 1,502.2 1,515.1 1,523.5 1,517.7 1,531.4 1,534.8 1,546.5 1,567.5 1,578.4 Employer contributions for employee pension and insurance funds......... 1,015.3 1,031.9 1,043.9 1,055.5 1,060.2 1,069.9 1,074.0 1,084.0 1,095.8 1,102.8 Employer contributions for government social insurance.................... 471.0 470.4 471.2 468.0 457.4 461.5 460.8 462.5 471.7 475.6 Proprietors' income with inventory valuation and capital consumption adjustments............................. 1,107.3 1,116.1 1,111.5 1,073.0 1,018.7 1,000.5 1,006.4 1,022.1 1,030.7 1,049.5 Farm................................... 60.7 52.7 50.5 39.5 29.6 28.0 28.0 36.2 36.8 36.6 Nonfarm................................ 1,046.6 1,063.4 1,061.1 1,033.5 989.0 972.5 978.4 985.9 994.0 1,012.9 Rental income of persons with capital consumption adjustment.................. 182.4 206.0 237.1 262.6 264.7 269.4 279.1 282.8 292.7 300.9 Personal income receipts on assets....... 2,123.6 2,114.7 2,129.8 2,069.1 1,972.7 1,925.9 1,891.1 1,889.2 1,911.1 1,915.2 Personal interest income............... 1,313.7 1,315.3 1,334.0 1,295.9 1,240.5 1,229.5 1,213.3 1,205.8 1,208.7 1,206.0 Personal dividend income............... 809.9 799.4 795.7 773.2 732.2 696.4 677.8 683.4 702.4 709.3 Personal current transfer receipts....... 1,793.2 1,934.4 1,875.2 1,914.2 2,023.7 2,160.2 2,159.3 2,188.2 2,245.5 2,282.9 Government social benefits to persons.. 1,757.5 1,897.7 1,838.0 1,877.1 1,987.2 2,124.1 2,123.4 2,152.5 2,208.9 2,245.9 Old-age, survivors, disability, and health insurance benefits........... 1,044.7 1,060.8 1,076.9 1,090.9 1,138.6 1,158.2 1,172.6 1,188.8 1,191.3 1,208.1 Government unemployment insurance benefits............................ 35.6 37.6 58.1 71.5 98.2 127.7 145.0 143.4 146.1 136.8 Other................................ 677.1 799.4 703.1 714.7 750.4 838.1 805.9 820.2 871.5 901.0 Other current transfer receipts, from business (net)........................ 35.7 36.7 37.2 37.1 36.5 36.1 35.8 35.8 36.6 37.0 Less: Contributions for government social insurance, domestic..................... 988.3 987.7 989.5 983.4 964.2 971.6 970.6 974.8 989.4 997.3 Less: Personal current taxes............... 1,535.8 1,331.6 1,442.4 1,443.0 1,213.4 1,112.5 1,117.0 1,117.2 1,136.8 1,138.1 Equals: Disposable personal income......... 10,764.6 11,129.2 11,004.7 10,913.3 10,879.8 11,090.9 11,047.0 11,121.7 11,225.0 11,347.6 Less: Personal outlays..................... 10,475.2 10,591.6 10,608.0 10,345.3 10,291.6 10,297.4 10,423.6 10,505.7 10,603.9 10,640.5 Personal consumption expenditures........ 10,065.7 10,183.0 10,202.0 9,967.2 9,913.0 9,920.1 10,040.7 10,131.5 10,230.8 10,273.6 Goods.................................. 3,415.4 3,458.7 3,450.0 3,194.0 3,158.4 3,175.4 3,276.1 3,312.9 3,380.0 3,377.3 Durable goods........................ 1,131.1 1,117.1 1,080.2 1,005.6 1,012.2 1,004.7 1,045.2 1,043.9 1,060.7 1,075.8 Nondurable goods..................... 2,284.3 2,341.6 2,369.9 2,188.4 2,146.2 2,170.7 2,231.0 2,269.0 2,319.3 2,301.5 Services............................... 6,650.3 6,724.3 6,751.9 6,773.3 6,754.6 6,744.7 6,764.6 6,818.6 6,850.9 6,896.3 Personal interest payments\1\............ 259.2 252.6 248.0 225.0 220.1 218.4 220.9 207.8 203.8 195.9 Personal current transfer payments....... 150.3 155.9 158.0 153.1 158.5 158.9 161.9 166.4 169.2 171.1 To government.......................... 87.1 89.0 90.7 92.0 93.1 94.3 95.6 97.0 98.5 100.1 To the rest of the world (net)......... 63.2 66.9 67.3 61.1 65.4 64.6 66.3 69.5 70.7 71.0 Equals: Personal saving.................... 289.3 537.7 396.7 568.0 588.2 793.5 623.4 616.0 621.1 707.1 Personal saving as a percentage of disposable personal income.............. 2.7 4.8 3.6 5.2 5.4 7.2 5.6 5.5 5.5 6.2 Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars\2\............... 9,733.1 9,640.7 9,578.6 9,602.9 9,298.7 9,230.2 9,128.7 9,109.7 9,122.1 9,198.9 Disposable personal income: Total, billions of chained (2005) dollars\2\............................ 9,971.4 10,192.8 9,970.8 10,036.3 10,046.9 10,193.0 10,079.7 10,080.4 10,121.8 10,231.1 Per capita: Current dollars...................... 35,432 36,556 36,060 35,677 35,497 36,115 35,888 36,049 36,313 36,638 Chained (2005) dollars............... 32,821 33,480 32,672 32,810 32,780 33,191 32,746 32,673 32,744 33,033 Population (midperiod, thousands)\3\..... 303,810 304,445 305,177 305,890 306,496 307,101 307,815 308,521 309,120 309,723 ------------------------------------------------------------------------------------------------------------------------------------- 1. Consists of nonmortgage interest paid by households. 2. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. 3. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized population. The monthly estimate is the average of estimates for the first of the month and the first of the following month; the annual and quarterly estimates are averages of the monthly estimates. Table 3. Personal Income and Its Disposition, Change From Preceding Period (Months)--Continues [Billions of dollars; months seasonally adjusted at annual rates] ----------------------------------------------------------------------------------------------------------------------------------------------------------- Jan 07 Feb 07 Mar 07 Apr 07 May 07 Jun 07 Jul 07 Aug 07 Sep 07 Oct 07 Nov 07 Dec 07 Jan 08 Feb 08 ----------------------------------------------------------------------------------------------------------------------------------------------------------- Personal income............................ 50.4 73.1 74.4 27.6 27.2 15.1 48.8 25.0 92.6 40.6 66.9 95.2 30.8 36.0 Compensation of employees, received...... 56.6 42.6 23.1 -3.5 -1.9 24.4 19.5 1.7 53.8 21.4 57.8 58.1 21.3 13.6 Wage and salary disbursements.......... 56.9 42.5 23.0 -4.5 -3.4 20.9 16.3 -.4 47.8 15.7 48.9 47.4 11.8 7.3 Private industries................... 39.8 37.4 20.5 -5.6 -4.8 18.1 13.7 -5.3 42.6 13.3 44.9 42.2 -1.1 2.2 Goods-producing industries......... 4.6 -5.4 3.5 7.2 -4.0 -2.2 2.3 -7.6 14.5 -5.2 15.6 9.6 -12.0 -7.1 Manufacturing.................... 1.3 -4.2 .5 3.7 -4.4 -3.8 2.0 -5.9 7.9 -5.3 11.1 6.2 -11.0 -5.9 Services-producing industries...... 35.2 42.8 16.9 -12.6 -.9 20.3 11.4 2.4 28.0 18.5 29.3 32.7 10.8 9.2 Trade, transportation, and utilities....................... .8 10.9 8.9 2.0 .7 5.7 -4.6 -6.3 5.4 7.4 7.0 .9 -.9 1.9 Other services-producing industries...................... 34.4 31.9 8.0 -14.6 -1.6 14.7 16.0 8.6 22.6 11.1 22.3 31.7 11.8 7.3 Government........................... 17.1 5.2 2.5 .9 1.5 2.8 2.5 5.0 5.2 2.5 3.8 5.3 12.9 5.2 Supplements to wages and salaries...... -.2 .0 .2 1.0 1.5 3.5 3.2 2.0 6.1 5.6 9.1 10.6 9.5 6.3 Employer contributions for employee pension and insurance funds......... -1.6 -1.7 -.2 2.0 2.6 2.8 2.3 2.7 2.9 4.6 5.9 7.0 8.4 5.6 Employer contributions for government social insurance.................... 1.3 1.8 .4 -1.0 -1.0 .6 .9 -.7 3.2 1.1 3.1 3.6 1.1 .7 Proprietors' income with inventory valuation and capital consumption adjustments............................. -41.7 -1.3 -3.7 -7.4 -3.1 -1.8 -3.2 -7.4 -1.2 3.9 7.9 11.9 -.7 5.4 Farm................................... 1.9 .8 -.4 -1.3 -1.0 -.5 .0 1.2 2.4 3.5 4.9 6.2 7.4 3.2 Nonfarm................................ -43.6 -2.0 -3.4 -6.0 -2.2 -1.4 -3.1 -8.6 -3.6 .4 3.0 5.7 -8.1 2.3 Rental income of persons with capital consumption adjustment.................. -5.6 -.5 4.7 9.2 5.9 3.9 -1.2 2.6 5.7 8.0 6.9 5.4 4.7 5.3 Personal income receipts on assets....... 10.1 27.7 49.0 36.6 22.5 -7.0 24.5 20.3 22.4 2.3 -6.3 4.0 1.8 6.3 Personal interest income............... 26.7 23.9 23.5 9.5 10.1 9.9 16.0 16.9 17.5 3.8 2.5 2.1 -1.8 -1.9 Personal dividend income............... -16.7 3.9 25.5 27.1 12.4 -16.9 8.5 3.3 5.0 -1.4 -8.8 1.8 3.6 8.2 Personal current transfer receipts....... 41.1 8.9 2.7 -8.6 2.4 -2.5 11.3 7.1 18.2 7.3 7.0 22.7 11.3 7.0 Government social benefits to persons.. 39.4 8.5 1.9 -9.7 1.4 -3.5 10.6 6.3 17.5 6.6 6.5 22.1 10.6 6.4 Old-age, survivors, disability, and health insurance benefits........... 10.0 2.8 5.2 -.6 8.3 .2 -.9 5.8 8.3 -4.3 4.3 14.8 8.3 4.2 Government unemployment insurance benefits............................ 2.2 -.2 -3.4 2.9 -1.0 -2.0 4.9 -3.1 3.2 .8 -1.9 3.8 -1.6 -.2 Other................................ 27.1 6.0 .1 -12.1 -6.0 -1.6 6.6 3.6 6.0 10.2 4.0 3.6 3.8 2.4 Other current transfer receipts, from business (net)........................ 1.7 .4 .8 1.1 1.1 .9 .7 .8 .7 .6 .6 .6 .6 .6 Less: Contributions for government social insurance, domestic..................... 10.0 4.4 1.5 -1.4 -1.4 1.9 2.2 -.9 6.4 2.3 6.5 6.8 7.6 1.6 Less: Personal current taxes............... 27.3 18.4 11.9 2.8 3.5 7.3 6.9 1.7 9.2 2.4 10.7 12.9 -1.3 6.5 Equals: Disposable personal income......... 23.0 54.7 62.4 24.9 23.7 7.8 41.9 23.3 83.3 38.3 56.2 82.3 32.1 29.5 Less: Personal outlays..................... 44.1 42.9 44.2 52.1 53.5 22.1 38.6 37.7 51.2 24.0 71.4 42.7 15.2 -12.2 Personal consumption expenditures........ 37.2 43.1 47.6 41.3 43.6 11.9 34.5 35.9 50.1 28.6 74.1 42.6 13.4 -10.1 Goods.................................. -8.2 5.4 33.3 5.7 38.1 -16.6 19.2 -11.7 40.1 3.5 35.4 12.3 -17.2 -36.5 Durable goods........................ -1.8 -.2 3.8 -1.8 20.5 -16.4 -1.9 7.2 17.0 -2.2 -8.1 -9.9 -13.2 -16.2 Nondurable goods..................... -6.4 5.6 29.5 7.5 17.6 -.1 21.0 -18.9 23.0 5.8 43.5 22.2 -4.1 -20.2 Services............................... 45.4 37.8 14.2 35.6 5.5 28.4 15.4 47.6 10.1 25.0 38.7 30.3 30.6 26.4 Personal interest payments\1\............ 3.0 -.5 -3.6 9.3 9.4 9.7 2.2 1.3 .4 -6.4 -3.4 -.6 -1.0 -2.8 Personal current transfer payments....... 3.7 .3 .3 1.5 .5 .5 1.9 .6 .6 1.8 .7 .7 2.8 .7 To government.......................... .9 .3 .3 .5 .5 .5 .6 .5 .6 .6 .7 .7 .8 .7 To the rest of the world (net)......... 2.8 .0 .0 1.0 .0 .0 1.4 .0 .0 1.2 .0 .0 2.0 .0 Equals: Personal saving.................... -20.9 11.8 18.1 -27.2 -29.8 -14.3 3.3 -14.4 32.2 14.2 -15.3 39.7 16.9 41.7 Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars\2\....................... -20.0 26.8 30.2 12.5 -4.4 1.7 18.0 8.7 32.4 3.8 3.2 37.3 -10.9 5.4 Disposable personal income, billions of chained (2005) dollars\2\............ -7.5 16.8 20.4 1.2 -6.0 -7.9 21.8 13.6 40.0 7.8 -1.4 45.8 .1 5.2 ----------------------------------------------------------------------------------------------------------------------------------------------------------- 1. Consists of nonmortgage interest paid by households. 2. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. Table 3. Personal Income and Its Disposition, Change From Preceding Period (Months)--Continues [Billions of dollars; months seasonally adjusted at annual rates] ----------------------------------------------------------------------------------------------------------------------------------------------------------- Mar 08 Apr 08 May 08 Jun 08 Jul 08 Aug 08 Sep 08 Oct 08 Nov 08 Dec 08 Jan 09 Feb 09 Mar 09 Apr 09 ----------------------------------------------------------------------------------------------------------------------------------------------------------- Personal income............................ 55.2 -12.7 185.6 2.0 -114.4 52.9 6.3 -33.9 -58.9 -118.4 -97.5 -88.0 -24.9 63.2 Compensation of employees, received...... 28.5 -29.1 -2.2 6.6 -9.4 21.0 -8.0 2.8 -41.3 -117.4 -102.8 -61.2 -22.3 60.6 Wage and salary disbursements.......... 23.9 -34.7 -7.2 .8 -12.3 15.9 -10.9 -1.8 -43.7 -113.1 -100.0 -59.1 -23.6 52.3 Private industries................... 19.7 -37.8 -10.4 -3.6 -17.0 12.0 -15.1 -5.7 -45.5 -112.0 -108.6 -57.9 -24.2 46.3 Goods-producing industries......... 15.5 -17.2 7.1 3.4 -16.6 -1.2 -10.4 -6.7 -5.7 -37.3 -30.7 -16.6 -21.7 -8.1 Manufacturing.................... 8.9 -11.5 6.3 7.0 -11.0 -.9 -8.5 -7.0 -3.1 -24.9 -16.1 -4.6 -12.6 -3.1 Services-producing industries...... 4.3 -20.6 -17.5 -7.0 -.4 13.1 -4.6 1.1 -39.9 -74.7 -77.8 -41.3 -2.6 54.5 Trade, transportation, and utilities....................... .5 -4.3 -3.3 .0 -2.2 1.5 -3.7 -.3 -12.9 -18.3 -10.1 -11.7 -10.9 2.7 Other services-producing industries...................... 3.8 -16.3 -14.2 -7.0 1.8 11.6 -.9 1.3 -26.9 -56.5 -67.6 -29.7 8.4 51.7 Government........................... 4.1 3.1 3.2 4.4 4.7 3.9 4.2 3.8 1.9 -1.0 8.5 -1.2 .6 5.9 Supplements to wages and salaries...... 4.6 5.6 5.0 5.7 3.0 5.1 2.9 4.7 2.3 -4.4 -2.7 -2.1 1.4 8.3 Employer contributions for employee pension and insurance funds......... 2.6 7.8 5.2 5.2 3.6 3.3 2.9 4.6 4.7 2.5 .0 1.3 2.0 4.3 Employer contributions for government social insurance.................... 2.0 -2.1 -.3 .5 -.6 1.8 .0 .0 -2.3 -6.9 -2.7 -3.4 -.7 4.1 Proprietors' income with inventory valuation and capital consumption adjustments............................. 14.0 -3.6 1.3 1.4 .2 -.6 -17.3 -11.2 -12.2 -22.4 -18.0 -18.9 -14.2 -1.9 Farm................................... -1.3 -5.6 -3.4 -1.1 1.1 -.8 -2.7 -4.7 -4.3 -4.0 -3.8 -2.4 -1.1 .2 Nonfarm................................ 15.2 2.0 4.6 2.6 -.9 .2 -14.6 -6.6 -7.8 -18.3 -14.3 -16.5 -13.1 -2.1 Rental income of persons with capital consumption adjustment.................. 7.2 7.5 9.0 10.5 10.8 10.4 10.2 10.8 5.2 2.9 -1.9 .1 .6 1.6 Personal income receipts on assets....... -8.4 -1.9 -6.3 2.2 11.7 5.4 1.1 -35.9 -26.6 -28.8 -34.4 -36.0 -29.5 -13.7 Personal interest income............... -1.7 3.2 .5 -.5 10.3 9.0 7.9 -29.5 -18.1 -14.4 -19.9 -19.8 -20.1 4.6 Personal dividend income............... -6.6 -5.2 -6.8 2.7 1.4 -3.6 -6.8 -6.4 -8.5 -14.3 -14.6 -16.2 -9.5 -18.2 Personal current transfer receipts....... 17.7 10.6 183.7 -17.8 -128.6 19.9 20.2 .1 11.3 33.8 56.0 21.3 38.9 24.5 Government social benefits to persons.. 17.3 10.4 183.4 -18.0 -128.8 19.8 20.2 .1 11.3 34.0 56.3 21.6 39.0 24.6 Old-age, survivors, disability, and health insurance benefits........... 12.5 -.3 8.5 3.0 7.8 3.0 4.4 3.1 5.2 10.5 32.0 7.1 6.7 9.3 Government unemployment insurance benefits............................ 2.3 -.2 -1.2 4.4 4.4 16.1 8.6 -7.4 5.8 17.4 1.0 8.9 18.8 -1.3 Other................................ 2.6 10.8 176.1 -25.5 -140.9 .7 7.2 4.4 .3 6.1 23.3 5.6 13.5 16.7 Other current transfer receipts, from business (net)........................ .5 .3 .2 .2 .2 .1 .0 .0 .0 -.2 -.3 -.2 -.2 -.1 Less: Contributions for government social insurance............................... 3.9 -3.8 -.3 1.0 -1.0 3.4 -.2 .5 -4.6 -13.5 -3.7 -6.7 -1.6 7.9 Less: Personal current taxes............... 7.8 -19.9 -393.0 211.0 9.1 143.0 -10.0 -14.6 -24.9 -27.7 -168.3 -31.9 -39.6 -55.1 Equals: Disposable personal income......... 47.4 7.2 578.6 -209.0 -123.5 -90.1 16.4 -19.4 -34.0 -90.7 70.9 -56.2 14.7 118.2 Less: Personal outlays..................... 48.6 44.1 36.4 58.8 -4.4 -22.4 -46.8 -98.1 -133.1 -111.3 71.4 12.2 -44.1 2.0 Personal consumption expenditures........ 52.7 41.3 36.9 58.8 -3.9 -20.9 -44.1 -80.9 -124.1 -104.2 64.4 10.6 -44.7 4.0 Goods.................................. 39.3 6.0 17.3 35.2 -8.8 -9.2 -68.8 -89.2 -127.8 -98.1 65.4 27.3 -33.6 -1.8 Durable goods........................ -4.9 -1.6 .0 -11.0 -24.8 11.8 -38.1 -39.8 -9.9 -20.3 30.8 -1.7 -18.4 -6.3 Nondurable goods..................... 44.3 7.6 17.2 46.3 15.9 -21.0 -30.7 -49.5 -117.8 -77.9 34.7 29.0 -15.2 4.5 Services............................... 13.4 35.3 19.6 23.6 4.9 -11.7 24.7 8.4 3.5 -6.0 -1.0 -16.7 -11.1 5.8 Personal interest payments\1\............ -4.8 -1.6 -1.0 -.6 -1.4 -2.1 -3.2 -11.4 -9.4 -7.5 2.3 1.2 .3 -1.6 Personal current transfer payments....... .7 4.3 .6 .6 1.0 .5 .5 -5.8 .4 .4 4.7 .3 .4 -.4 To government.......................... .7 .6 .6 .6 .6 .5 .5 .4 .4 .4 .3 .4 .3 .5 To the rest of the world (net)......... .0 3.7 .0 .0 .4 .0 .0 -6.2 .0 .0 4.3 .0 .0 -.8 Equals: Personal saving.................... -1.2 -36.9 542.1 -267.7 -119.2 -67.6 63.2 78.8 99.0 20.6 -.5 -68.4 58.8 116.3 Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars\2\....................... -3.5 -51.1 -38.4 -44.7 -37.8 38.4 -22.4 24.8 49.9 -94.6 -156.0 -126.1 -53.2 21.0 Disposable personal income, billions of chained (2005) dollars\2\............ 4.9 -23.9 489.1 -258.2 -165.7 -72.8 4.7 40.3 88.0 -35.7 50.8 -78.9 19.8 92.9 ----------------------------------------------------------------------------------------------------------------------------------------------------------- 1. Consists of nonmortgage interest paid by households. 2. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. Table 3. Personal Income and Its Disposition, Change From Preceding Period (Months)--Table Ends [Billions of dollars; months seasonally adjusted at annual rates] ----------------------------------------------------------------------------------------------------------------------------------------------------------- May 09 Jun 09 Jul 09 Aug 09 Sep 09 Oct 09 Nov 09 Dec 09 Jan 10 Feb 10 Mar 10 Apr 10 May 10 Jun 10\p\ ----------------------------------------------------------------------------------------------------------------------------------------------------------- Personal income............................ 200.3 -121.8 -40.7 25.5 -4.1 9.0 58.7 63.3 32.1 16.2 54.5 54.2 40.5 3.0 Compensation of employees, received...... 31.7 -15.3 -26.3 17.0 -17.2 20.2 25.6 3.7 22.3 -.2 20.0 31.2 30.2 -3.9 Wage and salary disbursements.......... 24.9 -17.5 -24.7 14.9 -16.9 14.5 19.1 .3 8.9 -2.9 15.7 27.4 26.2 -5.8 Private industries................... 21.9 -19.5 -22.9 15.2 -13.9 13.1 19.0 .5 .0 -4.4 13.3 24.9 19.2 -5.2 Goods-producing industries......... -7.8 -11.8 -6.8 5.2 -7.4 -2.7 9.7 -3.6 -6.5 -7.5 2.1 5.4 10.4 -8.9 Manufacturing.................... -5.4 -8.7 -3.8 4.1 -2.1 2.3 10.3 -1.7 -2.7 -3.7 1.0 3.7 7.8 -6.0 Services-producing industries...... 29.6 -7.7 -16.1 10.1 -6.6 15.8 9.3 4.1 6.5 3.1 11.2 19.5 8.8 3.7 Trade, transportation, and utilities....................... 6.0 -7.8 -4.1 6.2 .6 -.5 -.7 -.6 1.8 -.8 3.7 6.2 2.5 -2.6 Other services-producing industries...................... 23.7 .1 -12.1 4.0 -7.2 16.4 9.9 4.7 4.6 4.1 7.4 13.3 6.3 6.3 Government........................... 3.1 2.0 -1.8 -.4 -2.9 1.3 .3 -.3 8.9 1.5 2.4 2.5 7.0 -.6 Supplements to wages and salaries...... 6.7 2.2 -1.6 2.2 -.5 5.9 6.4 3.4 13.4 2.7 4.3 3.7 4.1 1.9 Employer contributions for employee pension and insurance funds......... 4.0 2.8 .3 .5 .8 5.0 4.4 4.0 5.0 2.7 2.7 2.1 2.2 2.1 Employer contributions for government social insurance.................... 2.7 -.6 -1.9 1.7 -1.2 .8 2.0 -.6 8.4 .0 1.6 1.6 1.9 -.2 Proprietors' income with inventory valuation and capital consumption adjustments............................. -1.3 1.2 2.3 4.7 .4 7.4 9.5 .1 1.7 1.0 9.2 12.3 2.2 -4.4 Farm................................... -.2 -.5 -.9 .8 2.4 4.1 2.7 1.3 -.6 -.6 -.6 .2 .2 .2 Nonfarm................................ -1.1 1.7 3.2 3.9 -2.0 3.4 6.7 -1.2 2.4 1.5 9.8 12.1 2.0 -4.7 Rental income of persons with capital consumption adjustment.................. 2.4 3.3 4.1 2.9 2.1 1.5 .0 -.7 5.1 5.1 5.5 1.1 1.8 1.8 Personal income receipts on assets....... -1.9 -.7 -19.4 -16.1 -10.8 -7.8 10.1 35.1 -2.6 2.8 -12.3 8.1 4.1 1.9 Personal interest income............... 4.5 4.3 -10.9 -9.8 -9.5 -6.7 6.7 12.9 -4.0 -3.9 -4.0 .6 .7 .6 Personal dividend income............... -6.4 -5.0 -8.5 -6.2 -1.4 -1.1 3.4 22.2 1.4 6.7 -8.4 7.5 3.5 1.3 Personal current transfer receipts....... 174.3 -111.7 -4.4 19.9 19.7 -10.4 17.1 24.8 18.2 7.6 35.1 5.1 6.0 7.2 Government social benefits to persons.. 174.4 -111.6 -4.3 20.0 19.7 -10.4 17.1 24.8 17.4 7.6 35.0 5.1 5.7 7.0 Old-age, survivors, disability, and health insurance benefits........... -1.5 13.6 .0 -.2 17.6 -.9 1.4 13.7 -11.1 3.4 5.2 11.6 .7 .4 Government unemployment insurance benefits............................ 14.8 16.5 -8.0 15.0 -2.1 -12.7 8.4 5.8 -6.8 -5.1 18.6 -19.6 -.1 -1.1 Other................................ 161.0 -141.6 3.7 5.1 4.2 3.1 7.4 5.3 35.4 9.2 11.3 12.9 5.2 7.6 Other current transfer receipts, from business (net)........................ -.1 -.1 -.1 -.1 .0 .0 .0 .0 .8 .0 .1 .0 .3 .2 Less: Contributions for government social insurance, domestic..................... 4.8 -1.3 -3.1 3.0 -1.8 2.1 3.5 -.2 12.7 .0 2.9 3.5 3.8 -.4 Less: Personal current taxes............... -10.7 -5.2 6.8 8.2 -2.1 -1.2 .7 -1.0 17.9 1.1 4.2 -3.7 3.6 -2.0 Equals: Disposable personal income......... 211.1 -116.7 -47.4 17.3 -2.0 10.1 58.1 64.3 14.2 15.1 50.4 57.7 36.9 5.1 Less: Personal outlays..................... 16.0 55.4 24.9 120.6 -64.3 57.5 23.9 34.1 17.6 48.9 51.7 -14.8 4.6 -7.0 Personal consumption expenditures........ 16.5 55.2 20.7 119.0 -65.1 61.0 30.2 40.2 14.4 47.1 49.8 -10.9 8.6 -2.9 Goods.................................. 24.3 47.6 17.1 104.3 -77.1 29.8 33.3 4.4 19.8 28.5 42.6 -22.1 -23.6 -8.4 Durable goods........................ 13.7 7.2 16.0 67.2 -89.0 23.6 16.4 3.6 -10.8 11.2 36.8 -11.6 -2.8 .6 Nondurable goods..................... 10.6 40.4 1.1 37.1 11.9 6.2 16.9 .8 30.6 17.3 5.8 -10.5 -20.8 -9.0 Services............................... -7.8 7.6 3.6 14.7 12.0 31.2 -3.1 35.8 -5.3 18.5 7.2 11.2 32.2 5.5 Personal interest payments\1\............ -.9 -.2 2.0 1.2 .4 -7.1 -6.8 -6.6 1.4 1.3 1.4 -4.7 -4.6 -4.7 Personal current transfer payments....... .4 .4 2.1 .5 .4 3.6 .5 .5 1.8 .5 .5 .8 .6 .5 To government.......................... .4 .4 .4 .5 .4 .5 .4 .5 .5 .6 .5 .5 .6 .5 To the rest of the world (net)......... .0 .0 1.7 .0 .0 3.2 .0 .0 1.2 .0 .0 .3 .0 .0 Equals: Personal saving.................... 195.0 -172.1 -72.2 -103.4 62.3 -47.4 34.3 30.1 -3.4 -33.8 -1.3 72.5 32.4 12.0 Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars\2\....................... 12.0 -60.1 -39.4 -22.0 -34.1 -7.5 17.7 19.7 -10.4 4.2 3.2 44.9 37.9 9.4 Disposable personal income, billions of chained (2005) dollars\2\............ 181.1 -163.4 -50.1 -14.2 -15.5 -18.5 30.5 41.4 -12.6 9.7 29.5 52.8 40.7 19.3 ----------------------------------------------------------------------------------------------------------------------------------------------------------- p Preliminary 1. Consists of nonmortgage interest paid by households. 2. 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)--Continues [Billions of dollars; quarters seasonally adjusted at annual rates] ------------------------------------------------------------------------------------------------------------------- 2006 2007 2008 2009 I 07 II 07 III 07 IV 07 ------------------------------------------------------------------------------------------------------------------- Personal income............................ 782.2 644.2 478.8 -216.2 209.5 124.7 115.4 187.0 Compensation of employees, received...... 415.7 386.5 203.6 -259.1 156.1 33.0 54.1 115.8 Wage and salary disbursements.......... 367.9 352.8 137.3 -284.9 150.5 29.7 44.8 95.8 Private industries................... 324.2 299.0 82.4 -314.6 126.4 23.3 34.9 83.9 Goods-producing industries......... 72.6 37.4 -5.8 -143.6 14.2 4.3 -.8 15.6 Manufacturing.................... 28.3 13.5 -11.0 -79.7 6.7 -1.6 -3.3 7.5 Services-producing industries...... 251.7 261.5 88.1 -170.8 112.2 19.1 35.5 68.4 Trade, transportation, and utilities....................... 51.4 49.2 5.7 -60.4 18.4 13.9 -2.9 13.9 Other services-producing industries...................... 200.3 212.3 82.5 -110.5 93.7 5.2 38.5 54.5 Government........................... 43.7 53.8 55.0 29.6 24.1 6.3 9.9 11.9 Supplements to wages and salaries...... 47.8 33.5 66.4 25.8 5.7 3.3 9.4 19.9 Employer contributions for employee pension and insurance funds......... 28.5 20.4 56.1 35.4 -.2 4.0 7.8 13.6 Employer contributions for government social insurance.................... 19.2 13.2 10.2 -9.5 5.8 -.6 1.6 6.2 Proprietors' income with inventory valuation and capital consumption adjustments............................. 63.2 -42.6 11.6 -90.1 -37.6 -13.0 -10.7 9.8 Farm................................... -14.6 8.5 13.0 -20.3 4.0 -2.1 .9 10.9 Nonfarm................................ 77.7 -51.0 -1.4 -69.7 -41.6 -10.8 -11.7 -1.0 Rental income of persons with capital consumption adjustment.................. -31.7 -2.8 78.3 52.0 -8.8 17.4 7.0 19.1 Personal income receipts on assets....... 287.7 227.3 52.3 -189.6 50.2 91.2 48.3 21.1 Personal interest income............... 140.5 137.6 49.6 -92.4 48.2 43.1 43.1 23.4 Personal dividend income............... 147.2 89.7 2.7 -97.2 1.9 48.0 5.3 -2.3 Personal current transfer receipts....... 96.4 113.5 160.7 253.6 69.2 -3.0 21.2 34.0 Government social benefits to persons.. 100.9 104.3 154.7 254.2 65.8 -5.9 18.8 32.1 Old-age, survivors, disability, and health insurance benefits........... 98.6 59.9 65.1 96.2 25.7 9.4 8.6 11.0 Government unemployment insurance benefits............................ -1.4 2.4 18.4 77.9 1.0 -.7 2.2 1.9 Other................................ 3.6 42.0 71.2 80.1 39.0 -14.6 8.0 19.3 Other current transfer receipts, from business (net)........................ -4.4 9.1 6.2 -.7 3.4 2.9 2.4 1.9 Less: Contributions for government social insurance, domestic..................... 49.1 37.7 27.7 -16.9 19.6 .8 4.5 12.9 Less: Personal current taxes............... 143.8 136.3 -50.5 -298.2 65.2 21.7 17.1 20.5 Equals: Disposable personal income......... 638.4 507.9 529.3 82.0 144.3 103.1 98.3 166.5 Less: Personal outlays..................... 531.1 528.2 296.1 -125.4 158.5 138.9 113.4 132.5 Personal consumption expenditures........ 503.7 483.6 298.2 -103.2 148.7 120.4 97.6 137.6 Goods.................................. 147.8 136.0 21.8 -148.8 44.7 49.6 26.4 54.0 Durable goods........................ 27.5 26.4 -75.9 -57.0 7.6 8.9 4.5 2.8 Nondurable goods..................... 120.3 109.5 97.8 -91.8 37.0 40.8 21.9 51.2 Services............................... 355.8 347.7 276.4 45.6 104.0 70.8 71.3 83.5 Personal interest payments\1\............ 19.3 30.8 -14.7 -29.4 5.2 16.2 12.8 -8.2 Personal current transfer payments....... 8.2 13.7 12.6 7.1 4.5 2.3 3.0 3.1 To government.......................... 5.0 6.0 7.3 5.3 1.7 1.3 1.6 1.9 To the rest of the world (net)......... 3.2 7.7 5.3 1.9 2.8 1.0 1.4 1.2 Equals: Personal saving.................... 107.3 -20.3 233.2 207.4 -14.2 -35.8 -15.1 34.0 Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars\2\....................... 427.5 251.7 -18.0 -447.4 41.8 39.2 34.2 42.8 Disposable personal income, billions of chained (2005) dollars\2\............ 373.4 223.5 168.7 56.9 43.3 13.8 36.9 53.3 ------------------------------------------------------------------------------------------------------------------- 1. Consists of nonmortgage interest paid by households. 2. 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)--Table Ends [Billions of dollars; quarters seasonally adjusted at annual rates] ------------------------------------------------------------------------------------------------------------------------------------- I 08 II 08 III 08 IV 08 I 09 II 09 III 09 IV 09 I 10 II 10 ------------------------------------------------------------------------------------------------------------------------------------- Personal income............................ 159.0 160.5 -13.9 -90.7 -263.1 110.2 -39.4 75.0 122.8 123.9 Compensation of employees, received...... 97.9 -4.9 5.6 -62.2 -243.0 41.3 -20.3 32.7 39.8 63.3 Wage and salary disbursements.......... 72.5 -20.8 -7.2 -70.6 -237.3 27.7 -23.8 21.0 18.8 52.4 Private industries................... 50.0 -32.0 -19.9 -79.5 -245.0 18.9 -23.1 21.7 8.2 43.4 Goods-producing industries......... .0 -3.3 -16.3 -30.2 -75.8 -37.2 -16.3 -.6 -10.0 8.3 Manufacturing.................... -4.2 -.9 -7.7 -23.4 -41.0 -19.5 -9.3 8.5 -2.5 6.3 Services-producing industries...... 50.0 -28.7 -3.7 -49.1 -169.3 56.2 -6.9 22.4 18.1 35.1 Trade, transportation, and utilities....................... 3.4 -5.5 -3.5 -17.0 -38.0 -7.1 -3.0 1.3 1.9 9.2 Other services-producing industries...................... 46.5 -23.1 -.1 -32.2 -131.3 63.2 -3.8 21.0 16.3 25.9 Government........................... 22.5 11.2 12.7 8.8 7.9 8.6 -.6 -.7 10.6 9.1 Supplements to wages and salaries...... 25.3 16.0 12.9 8.4 -5.8 13.7 3.4 11.7 21.0 10.9 Employer contributions for employee pension and insurance funds......... 19.7 16.6 12.0 11.6 4.7 9.7 4.1 10.0 11.8 7.0 Employer contributions for government social insurance.................... 5.8 -.6 .8 -3.2 -10.6 4.1 -.7 1.7 9.2 3.9 Proprietors' income with inventory valuation and capital consumption adjustments............................. 18.2 8.8 -4.6 -38.5 -54.3 -18.2 5.9 15.7 8.6 18.8 Farm................................... 14.8 -8.0 -2.2 -11.0 -9.9 -1.6 .0 8.2 .6 -.2 Nonfarm................................ 3.3 16.8 -2.3 -27.6 -44.5 -16.5 5.9 7.5 8.1 18.9 Rental income of persons with capital consumption adjustment.................. 16.5 23.6 31.1 25.5 2.1 4.7 9.7 3.7 9.9 8.2 Personal income receipts on assets....... 3.8 -8.9 15.1 -60.7 -96.4 -46.8 -34.8 -1.9 21.9 4.1 Personal interest income............... -1.3 1.6 18.7 -38.1 -55.4 -11.0 -16.2 -7.5 2.9 -2.7 Personal dividend income............... 5.1 -10.5 -3.7 -22.5 -41.0 -35.8 -18.6 5.6 19.0 6.9 Personal current transfer receipts....... 39.4 141.2 -59.2 39.0 109.5 136.5 -.9 28.9 57.3 37.4 Government social benefits to persons.. 37.6 140.2 -59.7 39.1 110.1 136.9 -.7 29.1 56.4 37.0 Old-age, survivors, disability, and health insurance benefits........... 26.6 16.1 16.1 14.0 47.7 19.6 14.4 16.2 2.5 16.8 Government unemployment insurance benefits............................ .9 2.0 20.5 13.4 26.7 29.5 17.3 -1.6 2.7 -9.3 Other................................ 9.9 122.3 -96.3 11.6 35.7 87.7 -32.2 14.3 51.3 29.5 Other current transfer receipts, from business (net)........................ 1.8 1.0 .5 -.1 -.6 -.4 -.3 .0 .8 .4 Less: Contributions for government social insurance, domestic..................... 16.7 -.6 1.8 -6.1 -19.2 7.4 -1.0 4.2 14.6 7.9 Less: Personal current taxes............... 17.8 -204.2 110.8 .6 -229.6 -100.9 4.5 .2 19.6 1.3 Equals: Disposable personal income......... 141.2 364.6 -124.5 -91.4 -33.5 211.1 -43.9 74.7 103.3 122.6 Less: Personal outlays..................... 75.5 116.4 16.4 -262.7 -53.7 5.8 126.2 82.1 98.2 36.6 Personal consumption expenditures........ 77.3 117.3 19.0 -234.8 -54.2 7.1 120.6 90.8 99.3 42.8 Goods.................................. -8.4 43.3 -8.7 -256.0 -35.6 17.0 100.7 36.8 67.1 -2.7 Durable goods........................ -34.9 -14.0 -36.9 -74.6 6.6 -7.5 40.5 -1.3 16.8 15.1 Nondurable goods..................... 26.5 57.3 28.3 -181.5 -42.2 24.5 60.3 38.0 50.3 -17.8 Services............................... 85.7 74.0 27.6 21.4 -18.7 -9.9 19.9 54.0 32.3 45.4 Personal interest payments\1\............ -6.0 -6.6 -4.6 -23.0 -4.9 -1.7 2.5 -13.1 -4.0 -7.9 Personal current transfer payments....... 4.2 5.6 2.1 -4.9 5.4 .4 3.0 4.5 2.8 1.9 To government.......................... 2.2 1.9 1.7 1.3 1.1 1.2 1.3 1.4 1.5 1.6 To the rest of the world (net)......... 2.0 3.7 .4 -6.2 4.3 -.8 1.7 3.2 1.2 .3 Equals: Personal saving.................... 65.6 248.4 -141.0 171.3 20.2 205.3 -170.1 -7.4 5.1 86.0 Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars\2\....................... 17.6 -92.4 -62.1 24.3 -304.2 -68.5 -101.5 -19.0 12.4 76.8 Disposable personal income, billions of chained (2005) dollars\2\............ 35.3 221.4 -222.0 65.5 10.6 146.1 -113.3 .7 41.4 109.3 ------------------------------------------------------------------------------------------------------------------------------------- 1. Consists of nonmortgage interest paid by households. 2. 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)--Continues [Months seasonally adjusted at monthly rates] ----------------------------------------------------------------------------------------------------------------------------------------------------------- Jan 07 Feb 07 Mar 07 Apr 07 May 07 Jun 07 Jul 07 Aug 07 Sep 07 Oct 07 Nov 07 Dec 07 Jan 08 Feb 08 ----------------------------------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------- Based on current-dollar measures ---------------------------------------------------------------------------------------------------------------- Personal income............................ .4 .6 .6 .2 .2 .1 .4 .2 .8 .3 .6 .8 .3 .3 Compensation of employees, received...... .7 .5 .3 .0 .0 .3 .2 .0 .7 .3 .7 .7 .3 .2 Wage and salary disbursements.......... .9 .7 .4 -.1 -.1 .3 .3 .0 .7 .2 .8 .7 .2 .1 Supplements to wages and salaries...... .0 .0 .0 .1 .1 .2 .2 .1 .4 .4 .6 .7 .6 .4 Proprietors' income with inventory valuation and capital consumption adjustments............................. -3.6 -.1 -.3 -.7 -.3 -.2 -.3 -.7 -.1 .4 .7 1.1 -.1 .5 Rental income of persons with capital consumption adjustment.................. -4.5 -.4 3.9 7.3 4.4 2.8 -.8 1.8 3.9 5.3 4.3 3.3 2.7 3.0 Personal income receipts on assets....... .5 1.4 2.5 1.8 1.1 -.3 1.2 1.0 1.1 .1 -.3 .2 .1 .3 Personal interest income............... 2.3 2.0 2.0 .8 .8 .8 1.3 1.3 1.3 .3 .2 .2 -.1 -.1 Personal dividend income............... -2.2 .5 3.4 3.5 1.6 -2.1 1.1 .4 .6 -.2 -1.1 .2 .5 1.0 Personal current transfer receipts....... 2.5 .5 .2 -.5 .1 -.2 .7 .4 1.1 .4 .4 1.3 .6 .4 Less: Contributions for government social insurance, domestic..................... 1.1 .5 .2 -.1 -.1 .2 .2 -.1 .7 .2 .7 .7 .8 .2 Less: Personal current taxes............... 1.9 1.3 .8 .2 .2 .5 .5 .1 .6 .2 .7 .8 -.1 .4 Equals: Disposable personal income......... .2 .5 .6 .2 .2 .1 .4 .2 .8 .4 .5 .8 .3 .3 Addenda: Personal consumption expenditures........ .4 .4 .5 .4 .4 .1 .4 .4 .5 .3 .7 .4 .1 -.1 Goods.................................. -.3 .2 1.0 .2 1.1 -.5 .6 -.3 1.2 .1 1.0 .4 -.5 -1.1 Durable goods........................ -.2 .0 .3 -.2 1.8 -1.4 -.2 .6 1.5 -.2 -.7 -.8 -1.1 -1.4 Nondurable goods..................... -.3 .3 1.4 .3 .8 .0 1.0 -.9 1.1 .3 2.0 1.0 -.2 -.9 Services............................... .7 .6 .2 .6 .1 .4 .2 .7 .2 .4 .6 .5 .5 .4 ---------------------------------------------------------------------------------------------------------------- Based on chained (2005) dollar measures ---------------------------------------------------------------------------------------------------------------- Real personal income excluding current transfer receipts....................... -.2 .3 .3 .1 .0 .0 .2 .1 .3 .0 .0 .4 -.1 .1 Real disposable personal income.......... -.1 .2 .2 .0 -.1 -.1 .2 .1 .4 .1 .0 .5 .0 .1 ----------------------------------------------------------------------------------------------------------------------------------------------------------- Table 5. Personal Income and Its Disposition, Percent Change From Preceding Period (Months)--Continues [Months seasonally adjusted at monthly rates] ----------------------------------------------------------------------------------------------------------------------------------------------------------- Mar 08 Apr 08 May 08 Jun 08 Jul 08 Aug 08 Sep 08 Oct 08 Nov 08 Dec 08 Jan 09 Feb 09 Mar 09 Apr 09 ----------------------------------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------- Based on current-dollar measures ---------------------------------------------------------------------------------------------------------------- Personal income............................ .4 -.1 1.5 .0 -.9 .4 .1 -.3 -.5 -1.0 -.8 -.7 -.2 .5 Compensation of employees, received...... .4 -.4 .0 .1 -.1 .3 -.1 .0 -.5 -1.5 -1.3 -.8 -.3 .8 Wage and salary disbursements.......... .4 -.5 -.1 .0 -.2 .2 -.2 .0 -.7 -1.7 -1.6 -.9 -.4 .8 Supplements to wages and salaries...... .3 .4 .3 .4 .2 .3 .2 .3 .2 -.3 -.2 -.1 .1 .5 Proprietors' income with inventory valuation and capital consumption adjustments............................. 1.3 -.3 .1 .1 .0 -.1 -1.6 -1.0 -1.1 -2.1 -1.7 -1.8 -1.4 -.2 Rental income of persons with capital consumption adjustment.................. 3.9 4.0 4.6 5.1 5.0 4.6 4.3 4.3 2.0 1.1 -.7 .0 .2 .6 Personal income receipts on assets....... -.4 -.1 -.3 .1 .6 .3 .1 -1.7 -1.3 -1.4 -1.7 -1.8 -1.5 -.7 Personal interest income............... -.1 .2 .0 .0 .8 .7 .6 -2.2 -1.4 -1.1 -1.5 -1.6 -1.6 .4 Personal dividend income............... -.8 -.6 -.9 .3 .2 -.4 -.9 -.8 -1.1 -1.9 -1.9 -2.2 -1.3 -2.5 Personal current transfer receipts....... 1.0 .6 10.1 -.9 -6.5 1.1 1.1 .0 .6 1.8 2.9 1.1 1.9 1.2 Less: Contributions for government social insurance, domestic..................... .4 -.4 .0 .1 -.1 .3 .0 .0 -.5 -1.4 -.4 -.7 -.2 .8 Less: Personal current taxes............... .5 -1.3 -25.8 18.7 .7 10.6 -.7 -1.0 -1.7 -1.9 -11.9 -2.6 -3.3 -4.7 Equals: Disposable personal income......... .4 .1 5.4 -1.8 -1.1 -.8 .1 -.2 -.3 -.8 .7 -.5 .1 1.1 Addenda: Personal consumption expenditures........ .5 .4 .4 .6 .0 -.2 -.4 -.8 -1.2 -1.0 .7 .1 -.5 .0 Goods.................................. 1.2 .2 .5 1.0 -.3 -.3 -2.0 -2.6 -3.9 -3.1 2.1 .9 -1.1 -.1 Durable goods........................ -.4 -.1 .0 -1.0 -2.2 1.1 -3.5 -3.8 -1.0 -2.0 3.1 -.2 -1.8 -.6 Nondurable goods..................... 2.0 .3 .7 2.0 .7 -.9 -1.3 -2.1 -5.1 -3.6 1.7 1.4 -.7 .2 Services............................... .2 .5 .3 .4 .1 -.2 .4 .1 .1 -.1 .0 -.2 -.2 .1 ---------------------------------------------------------------------------------------------------------------- Based on chained (2005) dollar measures ---------------------------------------------------------------------------------------------------------------- Real personal income excluding current transfer receipts....................... .0 -.5 -.4 -.5 -.4 .4 -.2 .3 .5 -1.0 -1.6 -1.3 -.6 .2 Real disposable personal income.......... .0 -.2 4.9 -2.5 -1.6 -.7 .0 .4 .9 -.4 .5 -.8 .2 .9 ----------------------------------------------------------------------------------------------------------------------------------------------------------- Table 5. Personal Income and Its Disposition, Percent Change From Preceding Period (Months)--Table Ends [Months seasonally adjusted at monthly rates] ----------------------------------------------------------------------------------------------------------------------------------------------------------- May 09 Jun 09 Jul 09 Aug 09 Sep 09 Oct 09 Nov 09 Dec 09 Jan 10 Feb 10 Mar 10 Apr 10 May 10 Jun 10\p\ ----------------------------------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------- Based on current-dollar measures ---------------------------------------------------------------------------------------------------------------- Personal income............................ 1.7 -1.0 -.3 .2 .0 .1 .5 .5 .3 .1 .4 .4 .3 .0 Compensation of employees, received...... .4 -.2 -.3 .2 -.2 .3 .3 .0 .3 .0 .3 .4 .4 .0 Wage and salary disbursements.......... .4 -.3 -.4 .2 -.3 .2 .3 .0 .1 .0 .2 .4 .4 -.1 Supplements to wages and salaries...... .4 .1 -.1 .1 .0 .4 .4 .2 .9 .2 .3 .2 .3 .1 Proprietors' income with inventory valuation and capital consumption adjustments............................. -.1 .1 .2 .5 .0 .7 .9 .0 .2 .1 .9 1.2 .2 -.4 Rental income of persons with capital consumption adjustment.................. .9 1.2 1.5 1.0 .8 .5 .0 -.3 1.8 1.8 1.9 .3 .6 .6 Personal income receipts on assets....... -.1 .0 -1.0 -.8 -.6 -.4 .5 1.9 -.1 .1 -.6 .4 .2 .1 Personal interest income............... .4 .4 -.9 -.8 -.8 -.6 .6 1.1 -.3 -.3 -.3 .1 .1 .1 Personal dividend income............... -.9 -.7 -1.2 -.9 -.2 -.2 .5 3.3 .2 1.0 -1.2 1.1 .5 .2 Personal current transfer receipts....... 8.4 -5.0 -.2 .9 .9 -.5 .8 1.1 .8 .3 1.6 .2 .3 .3 Less: Contributions for government social insurance, domestic..................... .5 -.1 -.3 .3 -.2 .2 .4 .0 1.3 .0 .3 .4 .4 .0 Less: Personal current taxes............... -1.0 -.5 .6 .7 -.2 -.1 .1 -.1 1.6 .1 .4 -.3 .3 -.2 Equals: Disposable personal income......... 1.9 -1.0 -.4 .2 .0 .1 .5 .6 .1 .1 .4 .5 .3 .0 Addenda: Personal consumption expenditures........ .2 .6 .2 1.2 -.6 .6 .3 .4 .1 .5 .5 -.1 .1 .0 Goods.................................. .8 1.5 .5 3.2 -2.3 .9 1.0 .1 .6 .9 1.3 -.6 -.7 -.2 Durable goods........................ 1.4 .7 1.6 6.5 -8.1 2.3 1.6 .3 -1.0 1.1 3.5 -1.1 -.3 .1 Nondurable goods..................... .5 1.9 .0 1.7 .5 .3 .8 .0 1.3 .8 .2 -.4 -.9 -.4 Services............................... -.1 .1 .1 .2 .2 .5 .0 .5 -.1 .3 .1 .2 .5 .1 ---------------------------------------------------------------------------------------------------------------- Based on chained (2005) dollar measures ---------------------------------------------------------------------------------------------------------------- Real personal income excluding current transfer receipts....................... .1 -.6 -.4 -.2 -.4 -.1 .2 .2 -.1 .0 .0 .5 .4 .1 Real disposable personal income.......... 1.8 -1.6 -.5 -.1 -.2 -.2 .3 .4 -.1 .1 .3 .5 .4 .2 ----------------------------------------------------------------------------------------------------------------------------------------------------------- p Preliminary Table 6. Personal Income and Its Disposition, Percent Change From Preceding Period (Years and Quarters)--Continues [Quarters seasonally adjusted at annual rates] ------------------------------------------------------------------------------------------------------------------- 2006 2007 2008 2009 I 07 II 07 III 07 IV 07 ------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------ Based on current-dollar measures ------------------------------------------------------------------------ Personal income............................ 7.5 5.7 4.0 -1.7 7.5 4.3 4.0 6.4 Compensation of employees, received...... 5.9 5.2 2.6 -3.2 8.4 1.7 2.8 6.0 Wage and salary disbursements.......... 6.5 5.8 2.1 -4.3 10.1 1.9 2.8 6.1 Supplements to wages and salaries...... 3.5 2.4 4.6 1.7 1.6 .9 2.7 5.6 Proprietors' income with inventory valuation and capital consumption adjustments............................. 5.9 -3.8 1.1 -8.2 -12.5 -4.6 -3.9 3.7 Rental income of persons with capital consumption adjustment.................. -17.8 -1.9 54.5 23.4 -24.3 70.1 21.6 63.0 Personal income receipts on assets....... 18.7 12.4 2.5 -9.0 10.9 20.0 9.8 4.1 Personal interest income............... 14.2 12.2 3.9 -7.0 17.7 15.1 14.5 7.5 Personal dividend income............... 26.5 12.8 .3 -12.2 1.0 28.0 2.7 -1.1 Personal current transfer receipts....... 6.4 7.1 9.4 13.5 18.1 -.7 5.1 8.2 Less: Contributions for government social insurance, domestic..................... 5.6 4.1 2.9 -1.7 8.7 .3 1.9 5.5 Less: Personal current taxes............... 11.9 10.1 -3.4 -20.7 20.1 6.1 4.7 5.6 Equals: Disposable personal income......... 6.9 5.1 5.1 .7 5.8 4.1 3.9 6.5 Addenda: Personal consumption expenditures........ 5.7 5.2 3.0 -1.0 6.4 5.1 4.1 5.7 Goods.................................. 4.8 4.2 .7 -4.4 5.6 6.2 3.2 6.6 Durable goods........................ 2.5 2.3 -6.6 -5.3 2.7 3.1 1.6 1.0 Nondurable goods..................... 6.1 5.2 4.4 -4.0 7.2 7.8 4.1 9.6 Services............................... 6.2 5.7 4.3 .7 6.8 4.5 4.5 5.3 ------------------------------------------------------------------------ Based on chained (2005) dollar measures ------------------------------------------------------------------------ Real personal income excluding current transfer receipts....................... 4.8 2.7 -.2 -4.6 .4 .4 .4 .4 Real disposable personal income.......... 4.0 2.3 1.7 .6 1.8 .6 1.5 2.2 ------------------------------------------------------------------------------------------------------------------- Table 6. Personal Income and Its Disposition, Percent Change From Preceding Period (Years and Quarters)--Table Ends [Quarters seasonally adjusted at annual rates] ------------------------------------------------------------------------------------------------------------------------------------- I 08 II 08 III 08 IV 08 I 09 II 09 III 09 IV 09 I 10 II 10 ------------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------ Based on current-dollar measures ------------------------------------------------------------------------------------------ Personal income............................ 5.3 5.3 -.4 -2.9 -8.2 3.7 -1.3 2.5 4.1 4.1 Compensation of employees, received...... 5.0 -.2 .3 -3.0 -11.6 2.1 -1.0 1.7 2.1 3.3 Wage and salary disbursements.......... 4.5 -1.3 -.4 -4.2 -13.8 1.8 -1.5 1.3 1.2 3.4 Supplements to wages and salaries...... 7.1 4.4 3.5 2.2 -1.5 3.7 .9 3.1 5.6 2.8 Proprietors' income with inventory valuation and capital consumption adjustments............................. 6.8 3.2 -1.6 -13.2 -18.8 -6.9 2.4 6.4 3.4 7.5 Rental income of persons with capital consumption adjustment.................. 46.2 62.6 75.6 50.5 3.1 7.3 15.3 5.4 14.7 11.7 Personal income receipts on assets....... .7 -1.7 2.9 -10.9 -17.4 -9.2 -7.0 -.4 4.7 .9 Personal interest income............... -.4 .5 5.8 -10.9 -16.0 -3.5 -5.2 -2.5 1.0 -.9 Personal dividend income............... 2.6 -5.1 -1.9 -10.9 -19.6 -18.2 -10.2 3.3 11.6 4.0 Personal current transfer receipts....... 9.3 35.4 -11.7 8.6 24.9 29.8 -.2 5.5 10.9 6.8 Less: Contributions for government social insurance, domestic..................... 7.0 -.2 .7 -2.4 -7.6 3.1 -.4 1.7 6.2 3.2 Less: Personal current taxes............... 4.8 -43.5 37.7 .2 -50.0 -29.4 1.6 .1 7.2 .4 Equals: Disposable personal income......... 5.4 14.3 -4.4 -3.3 -1.2 8.0 -1.6 2.7 3.8 4.4 Addenda: Personal consumption expenditures........ 3.1 4.7 .7 -8.9 -2.2 .3 5.0 3.7 4.0 1.7 Goods.................................. -1.0 5.2 -1.0 -26.5 -4.4 2.2 13.3 4.6 8.3 -.3 Durable goods........................ -11.5 -4.8 -12.6 -24.9 2.7 -3.0 17.1 -.5 6.6 5.8 Nondurable goods..................... 4.8 10.4 4.9 -27.3 -7.5 4.7 11.6 7.0 9.2 -3.0 Services............................... 5.3 4.5 1.7 1.3 -1.1 -.6 1.2 3.2 1.9 2.7 ------------------------------------------------------------------------------------------ Based on chained (2005) dollar measures ------------------------------------------------------------------------------------------ Real personal income excluding current transfer receipts....................... .2 -.9 -.6 .3 -3.2 -.7 -1.1 -.2 .1 .8 Real disposable personal income.......... 1.4 9.2 -8.4 2.7 .4 5.9 -4.4 .0 1.7 4.4 ------------------------------------------------------------------------------------------------------------------------------------- Table 7. Real Personal Consumption Expenditures by Major Type of Product (Months)--Continues ---------------------------------------------------------------------------------------------------------------------------------------------- Dec 06 Jan 07 Feb 07 Mar 07 Apr 07 May 07 Jun 07 Jul 07 Aug 07 Sep 07 Oct 07 ---------------------------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------- Billions of chained (2005) dollars, seasonally adjusted at annual rates --------------------------------------------------------------------------------------------------- Personal consumption expenditures.......... 9,219.1 9,227.1 9,234.9 9,243.5 9,261.8 9,276.4 9,273.2 9,289.0 9,315.0 9,326.0 9,326.3 Goods.................................... 3,248.5 3,242.5 3,235.4 3,245.3 3,243.5 3,264.5 3,249.3 3,264.4 3,263.3 3,287.9 3,283.2 Durable goods.......................... 1,179.3 1,179.5 1,179.1 1,184.9 1,185.5 1,207.5 1,190.4 1,191.3 1,203.2 1,222.5 1,220.0 Nondurable goods....................... 2,069.3 2,063.2 2,056.7 2,060.8 2,058.5 2,058.8 2,059.7 2,073.5 2,061.6 2,068.1 2,066.0 Services................................. 5,971.4 5,985.1 5,999.6 5,998.6 6,018.3 6,012.5 6,024.0 6,025.1 6,051.8 6,039.0 6,043.9 --------------------------------------------------------------------------------------------------- Change from preceding period in billions of chained (2005) dollars, seasonally adjusted at annual rates --------------------------------------------------------------------------------------------------- Personal consumption expenditures.......... 52.4 8.0 7.8 8.6 18.3 14.6 -3.2 15.8 26.0 11.0 .3 Goods.................................... 39.4 -6.0 -7.1 9.9 -1.8 21.0 -15.2 15.1 -1.1 24.6 -4.7 Durable goods.......................... 15.0 .2 -.4 5.8 .6 22.0 -17.1 .9 11.9 19.3 -2.5 Nondurable goods....................... 24.4 -6.1 -6.5 4.1 -2.3 .3 .9 13.8 -11.9 6.5 -2.1 Services................................. 13.7 13.7 14.5 -1.0 19.7 -5.8 11.5 1.1 26.7 -12.8 4.9 --------------------------------------------------------------------------------------------------- Percent change from preceding period in chained (2005) dollars, seasonally adjusted at monthly rates --------------------------------------------------------------------------------------------------- Personal consumption expenditures.......... .6 .1 .1 .1 .2 .2 .0 .2 .3 .1 .0 Goods.................................... 1.2 -.2 -.2 .3 -.1 .6 -.5 .5 .0 .8 -.1 Durable goods.......................... 1.3 .0 .0 .5 .1 1.9 -1.4 .1 1.0 1.6 -.2 Nondurable goods....................... 1.2 -.3 -.3 .2 -.1 .0 .0 .7 -.6 .3 -.1 Services................................. .2 .2 .2 .0 .3 -.1 .2 .0 .4 -.2 .1 ---------------------------------------------------------------------------------------------------------------------------------------------- Table 7. Real Personal Consumption Expenditures by Major Type of Product (Months)--Continues ---------------------------------------------------------------------------------------------------------------------------------------------- Nov 07 Dec 07 Jan 08 Feb 08 Mar 08 Apr 08 May 08 Jun 08 Jul 08 Aug 08 Sep 08 ---------------------------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------- Billions of chained (2005) dollars, seasonally adjusted at annual rates --------------------------------------------------------------------------------------------------- Personal consumption expenditures.......... 9,345.0 9,355.5 9,340.0 9,309.9 9,322.3 9,331.9 9,326.9 9,319.9 9,267.1 9,256.4 9,207.0 Goods.................................... 3,279.1 3,280.7 3,249.9 3,211.4 3,236.6 3,236.7 3,238.6 3,230.2 3,190.9 3,195.8 3,127.4 Durable goods.......................... 1,213.2 1,205.5 1,191.1 1,175.3 1,169.5 1,172.1 1,174.8 1,163.1 1,136.2 1,150.8 1,112.5 Nondurable goods....................... 2,068.4 2,076.7 2,060.0 2,037.2 2,066.3 2,064.3 2,063.9 2,065.7 2,051.2 2,044.0 2,011.7 Services................................. 6,066.2 6,075.1 6,089.7 6,097.2 6,085.0 6,094.3 6,087.5 6,088.7 6,074.6 6,058.9 6,076.4 --------------------------------------------------------------------------------------------------- Change from preceding period in billions of chained (2005) dollars, seasonally adjusted at annual rates --------------------------------------------------------------------------------------------------- Personal consumption expenditures.......... 18.7 10.5 -15.5 -30.1 12.4 9.6 -5.0 -7.0 -52.8 -10.7 -49.4 Goods.................................... -4.1 1.6 -30.8 -38.5 25.2 .1 1.9 -8.4 -39.3 4.9 -68.4 Durable goods.......................... -6.8 -7.7 -14.4 -15.8 -5.8 2.6 2.7 -11.7 -26.9 14.6 -38.3 Nondurable goods....................... 2.4 8.3 -16.7 -22.8 29.1 -2.0 -.4 1.8 -14.5 -7.2 -32.3 Services................................. 22.3 8.9 14.6 7.5 -12.2 9.3 -6.8 1.2 -14.1 -15.7 17.5 --------------------------------------------------------------------------------------------------- Percent change from preceding period in chained (2005) dollars, seasonally adjusted at monthly rates --------------------------------------------------------------------------------------------------- Personal consumption expenditures.......... .2 .1 -.2 -.3 .1 .1 -.1 -.1 -.6 -.1 -.5 Goods.................................... -.1 .0 -.9 -1.2 .8 .0 .1 -.3 -1.2 .2 -2.1 Durable goods.......................... -.6 -.6 -1.2 -1.3 -.5 .2 .2 -1.0 -2.3 1.3 -3.3 Nondurable goods....................... .1 .4 -.8 -1.1 1.4 -.1 .0 .1 -.7 -.3 -1.6 Services................................. .4 .1 .2 .1 -.2 .2 -.1 .0 -.2 -.3 .3 ---------------------------------------------------------------------------------------------------------------------------------------------- Table 7. Real Personal Consumption Expenditures by Major Type of Product (Months)--Continues ---------------------------------------------------------------------------------------------------------------------------------------------- Oct 08 Nov 08 Dec 08 Jan 09 Feb 09 Mar 09 Apr 09 May 09 Jun 09 Jul 09 Aug 09 ---------------------------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------- Billions of chained (2005) dollars, seasonally adjusted at annual rates --------------------------------------------------------------------------------------------------- Personal consumption expenditures.......... 9,186.9 9,182.2 9,129.8 9,175.9 9,161.1 9,125.4 9,114.6 9,118.0 9,118.4 9,131.3 9,212.7 Goods.................................... 3,100.9 3,094.9 3,051.0 3,103.0 3,106.3 3,077.9 3,070.3 3,090.1 3,091.7 3,110.5 3,192.6 Durable goods.......................... 1,072.7 1,067.8 1,051.2 1,085.1 1,082.0 1,062.7 1,055.7 1,071.0 1,078.0 1,100.6 1,176.5 Nondurable goods....................... 2,020.0 2,018.7 1,991.6 2,011.4 2,017.3 2,007.3 2,006.1 2,011.6 2,007.1 2,005.7 2,019.1 Services................................. 6,081.7 6,082.4 6,071.3 6,068.3 6,050.6 6,041.8 6,038.1 6,023.1 6,022.0 6,016.9 6,020.0 --------------------------------------------------------------------------------------------------- Change from preceding period in billions of chained (2005) dollars, seasonally adjusted at annual rates --------------------------------------------------------------------------------------------------- Personal consumption expenditures.......... -20.1 -4.7 -52.4 46.1 -14.8 -35.7 -10.8 3.4 .4 12.9 81.4 Goods.................................... -26.5 -6.0 -43.9 52.0 3.3 -28.4 -7.6 19.8 1.6 18.8 82.1 Durable goods.......................... -39.8 -4.9 -16.6 33.9 -3.1 -19.3 -7.0 15.3 7.0 22.6 75.9 Nondurable goods....................... 8.3 -1.3 -27.1 19.8 5.9 -10.0 -1.2 5.5 -4.5 -1.4 13.4 Services................................. 5.3 .7 -11.1 -3.0 -17.7 -8.8 -3.7 -15.0 -1.1 -5.1 3.1 --------------------------------------------------------------------------------------------------- Percent change from preceding period in chained (2005) dollars, seasonally adjusted at monthly rates --------------------------------------------------------------------------------------------------- Personal consumption expenditures.......... -.2 -.1 -.6 .5 -.2 -.4 -.1 .0 .0 .1 .9 Goods.................................... -.8 -.2 -1.4 1.7 .1 -.9 -.2 .6 .1 .6 2.6 Durable goods.......................... -3.6 -.5 -1.6 3.2 -.3 -1.8 -.7 1.5 .7 2.1 6.9 Nondurable goods....................... .4 -.1 -1.3 1.0 .3 -.5 -.1 .3 -.2 -.1 .7 Services................................. .1 .0 -.2 .0 -.3 -.1 -.1 -.2 .0 -.1 .1 ---------------------------------------------------------------------------------------------------------------------------------------------- Table 7. Real Personal Consumption Expenditures by Major Type of Product (Months)--Table Ends ------------------------------------------------------------------------------------------------------------------------------------- Sep 09 Oct 09 Nov 09 Dec 09 Jan 10 Feb 10 Mar 10 Apr 10 May 10 Jun 10\p\ ------------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------ Billions of chained (2005) dollars, seasonally adjusted at annual rates ------------------------------------------------------------------------------------------ Personal consumption expenditures.......... 9,140.8 9,171.1 9,178.2 9,199.3 9,189.3 9,228.2 9,258.6 9,249.5 9,264.0 9,274.7 Goods.................................... 3,111.6 3,136.6 3,160.1 3,158.6 3,159.9 3,193.0 3,233.3 3,223.2 3,219.3 3,224.7 Durable goods.......................... 1,077.9 1,101.1 1,119.0 1,125.2 1,116.5 1,131.0 1,169.2 1,158.3 1,158.2 1,162.5 Nondurable goods....................... 2,025.7 2,029.8 2,036.9 2,030.3 2,038.7 2,057.7 2,064.0 2,063.5 2,060.0 2,061.5 Services................................. 6,025.2 6,031.3 6,016.4 6,038.4 6,027.4 6,034.6 6,026.7 6,027.3 6,045.1 6,050.6 ------------------------------------------------------------------------------------------ Change from preceding period in billions of chained (2005) dollars, seasonally adjusted at annual rates ------------------------------------------------------------------------------------------ Personal consumption expenditures.......... -71.9 30.3 7.1 21.1 -10.0 38.9 30.4 -9.1 14.5 10.7 Goods.................................... -81.0 25.0 23.5 -1.5 1.3 33.1 40.3 -10.1 -3.9 5.4 Durable goods.......................... -98.6 23.2 17.9 6.2 -8.7 14.5 38.2 -10.9 -.1 4.3 Nondurable goods....................... 6.6 4.1 7.1 -6.6 8.4 19.0 6.3 -.5 -3.5 1.5 Services................................. 5.2 6.1 -14.9 22.0 -11.0 7.2 -7.9 .6 17.8 5.5 ------------------------------------------------------------------------------------------ Percent change from preceding period in chained (2005) dollars, seasonally adjusted at monthly rates ------------------------------------------------------------------------------------------ Personal consumption expenditures.......... -.8 .3 .1 .2 -.1 .4 .3 -.1 .2 .1 Goods.................................... -2.5 .8 .7 .0 .0 1.0 1.3 -.3 -.1 .2 Durable goods.......................... -8.4 2.2 1.6 .6 -.8 1.3 3.4 -.9 .0 .4 Nondurable goods....................... .3 .2 .3 -.3 .4 .9 .3 .0 -.2 .1 Services................................. .1 .1 -.2 .4 -.2 .1 -.1 .0 .3 .1 ------------------------------------------------------------------------------------------------------------------------------------- p Preliminary Table 8. Real Personal Consumption Expenditures by Major Type of Product (Years and Quarters)--Continues [Quarters seasonally adjusted at annual rates] ---------------------------------------------------------------------------------------------------------------------------- 2006 2007 2008 2009 IV 06 I 07 II 07 III 07 IV 07 ---------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------- Billions of chained (2005) dollars --------------------------------------------------------------------------------- Personal consumption expenditures.......... 9,073.5 9,289.5 9,265.0 9,153.9 9,181.6 9,235.2 9,270.5 9,310.0 9,342.3 Goods.................................... 3,173.9 3,261.6 3,180.3 3,117.4 3,222.5 3,241.1 3,252.4 3,271.9 3,281.0 Durable goods.......................... 1,150.4 1,198.6 1,136.4 1,094.6 1,167.9 1,181.2 1,194.5 1,205.7 1,212.9 Nondurable goods....................... 2,023.6 2,064.3 2,041.2 2,017.4 2,054.7 2,060.2 2,059.0 2,067.7 2,070.3 Services................................. 5,899.7 6,028.3 6,082.3 6,032.7 5,959.4 5,994.4 6,018.3 6,038.7 6,061.7 --------------------------------------------------------------------------------- Change from preceding period in billions of chained (2005) dollars --------------------------------------------------------------------------------- Personal consumption expenditures.......... 254.5 216.0 -24.5 -111.1 90.9 53.6 35.3 39.5 32.3 Goods.................................... 100.0 87.7 -81.3 -62.9 46.1 18.6 11.3 19.5 9.1 Durable goods.......................... 44.9 48.2 -62.2 -41.8 15.8 13.3 13.3 11.2 7.2 Nondurable goods....................... 55.2 40.7 -23.1 -23.8 30.2 5.5 -1.2 8.7 2.6 Services................................. 154.6 128.6 54.0 -49.6 45.1 35.0 23.9 20.4 23.0 --------------------------------------------------------------------------------- Percent change from preceding period in chained (2005) dollars --------------------------------------------------------------------------------- Personal consumption expenditures.......... 2.9 2.4 -.3 -1.2 4.1 2.4 1.5 1.7 1.4 Goods.................................... 3.3 2.8 -2.5 -2.0 5.9 2.3 1.4 2.4 1.1 Durable goods.......................... 4.1 4.2 -5.2 -3.7 5.6 4.6 4.6 3.8 2.4 Nondurable goods....................... 2.8 2.0 -1.1 -1.2 6.1 1.1 -.2 1.7 .5 Services................................. 2.7 2.2 .9 -.8 3.1 2.4 1.6 1.4 1.5 ---------------------------------------------------------------------------------------------------------------------------- Table 8. Real Personal Consumption Expenditures by Major Type of Product (Years and Quarters)--Table Ends [Quarters seasonally adjusted at annual rates] ------------------------------------------------------------------------------------------------------------------------------------- I 08 II 08 III 08 IV 08 I 09 II 09 III 09 IV 09 I 10 II 10 ------------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------ Billions of chained (2005) dollars ------------------------------------------------------------------------------------------ Personal consumption expenditures.......... 9,324.1 9,326.2 9,243.5 9,166.3 9,154.1 9,117.0 9,161.6 9,182.9 9,225.4 9,262.7 Goods.................................... 3,232.6 3,235.2 3,171.4 3,082.3 3,095.7 3,084.0 3,138.2 3,151.8 3,195.4 3,222.4 Durable goods.......................... 1,178.6 1,170.0 1,133.2 1,063.9 1,076.6 1,068.2 1,118.3 1,115.1 1,138.9 1,159.6 Nondurable goods....................... 2,054.5 2,064.6 2,035.6 2,010.1 2,012.0 2,008.3 2,016.9 2,032.3 2,053.5 2,061.7 Services................................. 6,090.6 6,090.2 6,070.0 6,078.5 6,053.6 6,027.7 6,020.7 6,028.7 6,029.6 6,041.0 ------------------------------------------------------------------------------------------ Change from preceding period in billions of chained (2005) dollars ------------------------------------------------------------------------------------------ Personal consumption expenditures.......... -18.2 2.1 -82.7 -77.2 -12.2 -37.1 44.6 21.3 42.5 37.3 Goods.................................... -48.4 2.6 -63.8 -89.1 13.4 -11.7 54.2 13.6 43.6 27.0 Durable goods.......................... -34.3 -8.6 -36.8 -69.3 12.7 -8.4 50.1 -3.2 23.8 20.7 Nondurable goods....................... -15.8 10.1 -29.0 -25.5 1.9 -3.7 8.6 15.4 21.2 8.2 Services................................. 28.9 -.4 -20.2 8.5 -24.9 -25.9 -7.0 8.0 .9 11.4 ------------------------------------------------------------------------------------------ Percent change from preceding period in chained (2005) dollars ------------------------------------------------------------------------------------------ Personal consumption expenditures.......... -.8 .1 -3.5 -3.3 -.5 -1.6 2.0 .9 1.9 1.6 Goods.................................... -5.8 .3 -7.7 -10.8 1.8 -1.5 7.2 1.7 5.7 3.4 Durable goods.......................... -10.8 -2.9 -12.0 -22.3 4.8 -3.1 20.1 -1.1 8.8 7.5 Nondurable goods....................... -3.0 2.0 -5.5 -4.9 .4 -.7 1.7 3.1 4.2 1.6 Services................................. 1.9 .0 -1.3 .6 -1.6 -1.7 -.5 .5 .1 .8 ------------------------------------------------------------------------------------------------------------------------------------- Table 9. Price Indexes for Personal Consumption Expenditures: Level and Percent Change From Preceding Period (Months)--Continues ------------------------------------------------------------------------------------------------------------------------------------------------------------------- Dec 06 Jan 07 Feb 07 Mar 07 Apr 07 May 07 Jun 07 Jul 07 Aug 07 Sep 07 Oct 07 Nov 07 Dec 07 Jan 08 Feb 08 ------------------------------------------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------ Chain-type price indexes (2005=100), seasonally adjusted ------------------------------------------------------------------------------------------------------------------------ Personal consumption expenditures (PCE).... 103.605 103.919 104.298 104.715 104.955 105.259 105.424 105.615 105.705 106.119 106.421 107.001 107.335 107.655 107.893 Goods.................................... 101.196 101.129 101.515 102.235 102.466 102.978 102.950 103.061 102.741 103.190 103.448 104.656 104.983 105.452 105.584 Durable goods.......................... 97.552 97.381 97.396 97.239 97.036 96.969 96.981 96.752 96.397 96.272 96.288 96.168 95.958 96.019 95.932 Nondurable goods....................... 103.263 103.257 103.856 105.079 105.560 106.407 106.355 106.659 106.356 107.137 107.530 109.510 110.142 110.837 111.088 Services................................. 104.900 105.420 105.794 106.048 106.292 106.485 106.754 106.990 107.303 107.697 108.024 108.265 108.605 108.846 109.143 Addenda: PCE excluding food and energy............ 103.291 103.702 103.945 104.068 104.209 104.330 104.493 104.679 104.869 105.154 105.418 105.606 105.875 106.109 106.250 Food\1\.................................. 102.370 103.033 103.930 104.565 104.842 105.275 105.781 105.963 106.365 106.714 107.086 107.534 107.653 108.475 108.983 Energy goods and services\2\............. 110.317 108.465 110.295 115.277 117.086 120.255 119.949 120.250 118.216 120.827 121.639 129.136 130.899 131.953 133.484 Market-based PCE\3\...................... 103.497 103.761 104.130 104.565 104.817 105.157 105.305 105.462 105.474 105.878 106.225 106.870 107.211 107.556 107.813 Market-based PCE excluding food and energy\3\........................... 103.112 103.480 103.690 103.785 103.924 104.056 104.199 104.344 104.458 104.712 105.022 105.220 105.486 105.735 105.881 ------------------------------------------------------------------------------------------------------------------------ Percent change from preceding period in price indexes, seasonally adjusted at monthly rates ------------------------------------------------------------------------------------------------------------------------ Personal consumption expenditures.......... .4 .3 .4 .4 .2 .3 .2 .2 .1 .4 .3 .5 .3 .3 .2 Goods.................................... .6 -.1 .4 .7 .2 .5 .0 .1 -.3 .4 .3 1.2 .3 .4 .1 Durable goods.......................... -.3 -.2 .0 -.2 -.2 -.1 .0 -.2 -.4 -.1 .0 -.1 -.2 .1 -.1 Nondurable goods....................... 1.1 .0 .6 1.2 .5 .8 .0 .3 -.3 .7 .4 1.8 .6 .6 .2 Services................................. .3 .5 .4 .2 .2 .2 .3 .2 .3 .4 .3 .2 .3 .2 .3 Addenda: PCE excluding food and energy............ .2 .4 .2 .1 .1 .1 .2 .2 .2 .3 .3 .2 .3 .2 .1 Food\1\.................................. -.1 .6 .9 .6 .3 .4 .5 .2 .4 .3 .3 .4 .1 .8 .5 Energy goods and services\2\............. 4.6 -1.7 1.7 4.5 1.6 2.7 -.3 .3 -1.7 2.2 .7 6.2 1.4 .8 1.2 Market-based PCE\3\...................... .4 .3 .4 .4 .2 .3 .1 .1 .0 .4 .3 .6 .3 .3 .2 Market-based PCE excluding food and energy\3\........................... .1 .4 .2 .1 .1 .1 .1 .1 .1 .2 .3 .2 .3 .2 .1 ------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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 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 9. Price Indexes for Personal Consumption Expenditures: Level and Percent Change From Preceding Period (Months)--Continues ----------------------------------------------------------------------------------------------------------------------------------------------------------- Mar 08 Apr 08 May 08 Jun 08 Jul 08 Aug 08 Sep 08 Oct 08 Nov 08 Dec 08 Jan 09 Feb 09 Mar 09 Apr 09 ----------------------------------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------- Chain-type price indexes (2005=100), seasonally adjusted ---------------------------------------------------------------------------------------------------------------- Personal consumption expenditures (PCE).... 108.315 108.646 109.098 109.811 110.394 110.297 110.410 109.773 108.477 107.959 108.118 108.409 108.342 108.516 Goods.................................... 105.975 106.159 106.629 107.999 109.050 108.595 108.776 106.837 102.917 101.176 101.579 102.345 102.193 102.390 Durable goods.......................... 95.991 95.645 95.428 95.436 95.516 95.331 95.188 95.009 94.508 94.078 93.970 94.070 94.043 94.073 Nondurable goods....................... 111.663 112.143 113.000 115.137 116.727 116.112 116.458 113.541 107.778 105.328 106.002 107.124 106.903 107.188 Services................................. 109.583 109.993 110.438 110.804 111.142 111.237 111.323 111.363 111.409 111.513 111.552 111.603 111.582 111.746 Addenda: PCE excluding food and energy............ 106.544 106.760 106.994 107.239 107.444 107.559 107.705 107.708 107.742 107.756 107.840 107.971 108.107 108.405 Food\1\.................................. 109.202 110.621 110.991 111.676 112.908 113.534 114.231 114.653 114.910 114.888 114.884 114.566 114.331 113.888 Energy goods and services\2\............. 136.385 137.065 141.458 150.470 156.935 151.942 150.496 136.796 110.345 100.061 101.822 105.804 102.557 101.520 Market-based PCE\3\...................... 108.192 108.472 108.924 109.711 110.424 110.358 110.532 109.901 108.438 107.870 108.166 108.566 108.561 108.678 Market-based PCE excluding food and energy\3\........................... 106.104 106.239 106.436 106.690 106.982 107.168 107.390 107.508 107.575 107.622 107.852 108.082 108.324 108.576 ---------------------------------------------------------------------------------------------------------------- Percent change from preceding period in price indexes, seasonally adjusted at monthly rates ---------------------------------------------------------------------------------------------------------------- Personal consumption expenditures.......... .4 .3 .4 .7 .5 -.1 .1 -.6 -1.2 -.5 .1 .3 -.1 .2 Goods.................................... .4 .2 .4 1.3 1.0 -.4 .2 -1.8 -3.7 -1.7 .4 .8 -.1 .2 Durable goods.......................... .1 -.4 -.2 .0 .1 -.2 -.2 -.2 -.5 -.5 -.1 .1 .0 .0 Nondurable goods....................... .5 .4 .8 1.9 1.4 -.5 .3 -2.5 -5.1 -2.3 .6 1.1 -.2 .3 Services................................. .4 .4 .4 .3 .3 .1 .1 .0 .0 .1 .0 .0 .0 .1 Addenda: PCE excluding food and energy............ .3 .2 .2 .2 .2 .1 .1 .0 .0 .0 .1 .1 .1 .3 Food\1\.................................. .2 1.3 .3 .6 1.1 .6 .6 .4 .2 .0 .0 -.3 -.2 -.4 Energy goods and services\2\............. 2.2 .5 3.2 6.4 4.3 -3.2 -1.0 -9.1 -19.3 -9.3 1.8 3.9 -3.1 -1.0 Market-based PCE\3\...................... .4 .3 .4 .7 .6 -.1 .2 -.6 -1.3 -.5 .3 .4 .0 .1 Market-based PCE excluding food and energy\3\........................... .2 .1 .2 .2 .3 .2 .2 .1 .1 .0 .2 .2 .2 .2 ----------------------------------------------------------------------------------------------------------------------------------------------------------- 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 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 9. Price Indexes for Personal Consumption Expenditures: Level and Percent Change From Preceding Period (Months)--Table Ends ----------------------------------------------------------------------------------------------------------------------------------------------------------- May 09 Jun 09 Jul 09 Aug 09 Sep 09 Oct 09 Nov 09 Dec 09 Jan 10 Feb 10 Mar 10 Apr 10 May 10 Jun 10\p\ ----------------------------------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------- Chain-type price indexes (2005=100), seasonally adjusted ---------------------------------------------------------------------------------------------------------------- Personal consumption expenditures (PCE).... 108.657 109.258 109.331 109.656 109.806 110.110 110.353 110.536 110.815 110.858 111.032 111.023 110.942 110.782 Goods.................................... 102.523 104.009 103.926 104.519 104.764 104.875 105.149 105.337 105.922 105.716 105.714 105.363 104.758 104.322 Durable goods.......................... 94.005 94.059 93.575 93.250 93.524 93.693 93.655 93.462 93.224 93.013 93.126 93.001 92.774 92.484 Nondurable goods....................... 107.425 109.678 109.809 110.918 111.145 111.222 111.666 112.065 113.105 112.903 112.838 112.359 111.541 111.024 Services................................. 111.894 112.043 112.198 112.384 112.485 112.890 113.118 113.299 113.416 113.589 113.856 114.031 114.228 114.215 Addenda: PCE excluding food and energy............ 108.577 108.766 108.860 108.974 109.135 109.430 109.546 109.677 109.774 109.856 110.030 110.098 110.231 110.274 Food\1\.................................. 113.484 113.558 113.057 113.101 112.743 112.815 112.899 113.134 113.262 113.391 113.746 113.989 113.987 113.771 Energy goods and services\2\............. 101.952 110.363 110.942 115.317 116.015 116.811 119.455 120.446 124.010 123.286 123.189 121.499 117.559 114.031 Market-based PCE\3\...................... 108.769 109.405 109.451 109.831 109.974 110.178 110.373 110.517 110.774 110.792 110.906 110.883 110.767 110.639 Market-based PCE excluding food and energy\3\........................... 108.693 108.855 108.920 109.062 109.216 109.393 109.432 109.509 109.552 109.610 109.715 109.778 109.907 110.019 ---------------------------------------------------------------------------------------------------------------- Percent change from preceding period in price indexes, seasonally adjusted at monthly rates ---------------------------------------------------------------------------------------------------------------- Personal consumption expenditures.......... .1 .6 .1 .3 .1 .3 .2 .2 .3 .0 .2 .0 -.1 -.1 Goods.................................... .1 1.4 -.1 .6 .2 .1 .3 .2 .6 -.2 .0 -.3 -.6 -.4 Durable goods.......................... -.1 .1 -.5 -.3 .3 .2 .0 -.2 -.3 -.2 .1 -.1 -.2 -.3 Nondurable goods....................... .2 2.1 .1 1.0 .2 .1 .4 .4 .9 -.2 -.1 -.4 -.7 -.5 Services................................. .1 .1 .1 .2 .1 .4 .2 .2 .1 .2 .2 .2 .2 .0 Addenda: PCE excluding food and energy............ .2 .2 .1 .1 .1 .3 .1 .1 .1 .1 .2 .1 .1 .0 Food\1\.................................. -.4 .1 -.4 .0 -.3 .1 .1 .2 .1 .1 .3 .2 .0 -.2 Energy goods and services\2\............. .4 8.2 .5 3.9 .6 .7 2.3 .8 3.0 -.6 -.1 -1.4 -3.2 -3.0 Market-based PCE\3\...................... .1 .6 .0 .3 .1 .2 .2 .1 .2 .0 .1 .0 -.1 -.1 Market-based PCE excluding food and energy\3\........................... .1 .1 .1 .1 .1 .2 .0 .1 .0 .1 .1 .1 .1 .1 ----------------------------------------------------------------------------------------------------------------------------------------------------------- p Preliminary 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 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--Continues ------------------------------------------------------------------------------------------------------------------------------------------------------------------- Dec 06 Jan 07 Feb 07 Mar 07 Apr 07 May 07 Jun 07 Jul 07 Aug 07 Sep 07 Oct 07 Nov 07 Dec 07 Jan 08 Feb 08 ------------------------------------------------------------------------------------------------------------------------------------------------------------------- Disposable personal income................. 4.4 3.4 3.0 2.9 2.6 2.5 2.0 2.3 2.4 2.2 1.6 1.4 1.5 1.6 1.4 Personal consumption expenditures.......... 3.3 3.0 2.8 2.6 2.6 2.7 2.5 2.2 2.7 2.3 1.8 1.9 1.5 1.2 .8 Goods.................................... 4.6 2.9 2.9 3.2 2.7 3.9 3.1 2.6 3.3 3.1 2.3 2.2 1.0 .2 -.7 Durable goods.......................... 5.4 2.6 4.0 3.6 3.6 6.9 4.0 2.9 5.7 5.4 5.2 4.2 2.2 1.0 -.3 Nondurable goods....................... 4.1 3.1 2.3 3.0 2.2 2.3 2.6 2.5 2.0 1.9 .8 1.1 .4 -.2 -.9 Services................................. 2.6 3.0 2.7 2.2 2.5 2.1 2.2 2.0 2.4 2.0 1.6 1.8 1.7 1.7 1.6 ------------------------------------------------------------------------------------------------------------------------------------------------------------------- Table 10. Real Disposable Personal Income and Real Personal Consumption Expenditures: Percent Change From Month One Year Ago--Continues ----------------------------------------------------------------------------------------------------------------------------------------------------------- Mar 08 Apr 08 May 08 Jun 08 Jul 08 Aug 08 Sep 08 Oct 08 Nov 08 Dec 08 Jan 09 Feb 09 Mar 09 Apr 09 ----------------------------------------------------------------------------------------------------------------------------------------------------------- Disposable personal income................. 1.3 1.0 6.0 3.5 1.6 .7 .4 .7 1.6 .8 1.3 .4 .6 1.8 Personal consumption expenditures.......... .9 .8 .5 .5 -.2 -.6 -1.3 -1.5 -1.7 -2.4 -1.8 -1.6 -2.1 -2.3 Goods.................................... -.3 -.2 -.8 -.6 -2.3 -2.1 -4.9 -5.6 -5.6 -7.0 -4.5 -3.3 -4.9 -5.1 Durable goods.......................... -1.3 -1.1 -2.7 -2.3 -4.6 -4.4 -9.0 -12.1 -12.0 -12.8 -8.9 -7.9 -9.1 -9.9 Nondurable goods....................... .3 .3 .2 .3 -1.1 -.9 -2.7 -2.2 -2.4 -4.1 -2.4 -1.0 -2.9 -2.8 Services................................. 1.4 1.3 1.2 1.1 .8 .1 .6 .6 .3 -.1 -.4 -.8 -.7 -.9 ----------------------------------------------------------------------------------------------------------------------------------------------------------- Table 10. Real Disposable Personal Income and Real Personal Consumption Expenditures: Percent Change From Month One Year Ago--Table Ends ----------------------------------------------------------------------------------------------------------------------------------------------------------- May 09 Jun 09 Jul 09 Aug 09 Sep 09 Oct 09 Nov 09 Dec 09 Jan 10 Feb 10 Mar 10 Apr 10 May 10 Jun 10\p\ ----------------------------------------------------------------------------------------------------------------------------------------------------------- Disposable personal income................. -1.3 -.4 .8 1.4 1.2 .6 .0 .8 .1 1.0 1.1 .7 -.7 1.1 Personal consumption expenditures.......... -2.2 -2.2 -1.5 -.5 -.7 -.2 .0 .8 .1 .7 1.5 1.5 1.6 1.7 Goods.................................... -4.6 -4.3 -2.5 -.1 -.5 1.2 2.1 3.5 1.8 2.8 5.1 5.0 4.2 4.3 Durable goods.......................... -8.8 -7.3 -3.1 2.2 -3.1 2.6 4.8 7.0 2.9 4.5 10.0 9.7 8.1 7.8 Nondurable goods....................... -2.5 -2.8 -2.2 -1.2 .7 .5 .9 1.9 1.4 2.0 2.8 2.9 2.4 2.7 Services................................. -1.1 -1.1 -.9 -.6 -.8 -.8 -1.1 -.5 -.7 -.3 -.2 -.2 .4 .5 ----------------------------------------------------------------------------------------------------------------------------------------------------------- p Preliminary Table 11. Price Indexes for Personal Consumption Expenditures: Percent Change From Month One Year Ago--Continues ------------------------------------------------------------------------------------------------------------------------------------------------------------------- Dec 06 Jan 07 Feb 07 Mar 07 Apr 07 May 07 Jun 07 Jul 07 Aug 07 Sep 07 Oct 07 Nov 07 Dec 07 Jan 08 Feb 08 ------------------------------------------------------------------------------------------------------------------------------------------------------------------- Personal consumption expenditures (PCE).... 2.3 2.2 2.5 2.7 2.6 2.6 2.6 2.4 2.1 2.7 3.2 3.7 3.6 3.6 3.4 Goods.................................... .6 -.2 .5 1.2 .8 1.1 1.1 .7 -.2 1.4 2.8 4.0 3.7 4.3 4.0 Durable goods.......................... -1.8 -1.9 -1.8 -1.8 -2.0 -1.9 -1.5 -1.7 -2.1 -1.7 -1.8 -1.7 -1.6 -1.4 -1.5 Nondurable goods....................... 1.9 .8 1.8 2.8 2.3 2.8 2.5 2.0 .9 3.2 5.3 7.2 6.7 7.3 7.0 Services................................. 3.2 3.4 3.6 3.6 3.5 3.4 3.3 3.3 3.3 3.4 3.5 3.5 3.5 3.2 3.2 Addenda: PCE excluding food and energy............ 2.3 2.5 2.6 2.5 2.3 2.2 2.2 2.2 2.2 2.2 2.3 2.4 2.5 2.3 2.2 Food\1\.................................. 1.4 1.7 2.8 3.3 3.8 4.1 4.3 4.3 4.4 4.3 4.4 4.9 5.2 5.3 4.9 Energy goods and services\2\............. 3.7 -2.9 .2 6.1 4.4 6.4 6.3 2.9 -1.3 7.6 17.0 22.4 18.7 21.7 21.0 Market-based PCE\3\...................... 2.2 2.0 2.3 2.5 2.4 2.5 2.4 2.2 1.8 2.5 3.1 3.6 3.6 3.7 3.5 Market-based PCE excluding food and energy\3\........................... 2.2 2.4 2.4 2.2 2.1 2.0 1.9 1.9 1.8 1.9 2.0 2.2 2.3 2.2 2.1 ------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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 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 11. Price Indexes for Personal Consumption Expenditures: Percent Change From Month One Year Ago--Continues ----------------------------------------------------------------------------------------------------------------------------------------------------------- Mar 08 Apr 08 May 08 Jun 08 Jul 08 Aug 08 Sep 08 Oct 08 Nov 08 Dec 08 Jan 09 Feb 09 Mar 09 Apr 09 ----------------------------------------------------------------------------------------------------------------------------------------------------------- Personal consumption expenditures (PCE).... 3.4 3.5 3.6 4.2 4.5 4.3 4.0 3.1 1.4 .6 .4 .5 .0 -.1 Goods.................................... 3.7 3.6 3.5 4.9 5.8 5.7 5.4 3.3 -1.7 -3.6 -3.7 -3.1 -3.6 -3.6 Durable goods.......................... -1.3 -1.4 -1.6 -1.6 -1.3 -1.1 -1.1 -1.3 -1.7 -2.0 -2.1 -1.9 -2.0 -1.6 Nondurable goods....................... 6.3 6.2 6.2 8.3 9.4 9.2 8.7 5.6 -1.6 -4.4 -4.4 -3.6 -4.3 -4.4 Services................................. 3.3 3.5 3.7 3.8 3.9 3.7 3.4 3.1 2.9 2.7 2.5 2.3 1.8 1.6 Addenda: PCE excluding food and energy............ 2.4 2.4 2.6 2.6 2.6 2.6 2.4 2.2 2.0 1.8 1.6 1.6 1.5 1.5 Food\1\.................................. 4.4 5.5 5.4 5.6 6.6 6.7 7.0 7.1 6.9 6.7 5.9 5.1 4.7 3.0 Energy goods and services\2\............. 18.3 17.1 17.6 25.4 30.5 28.5 24.6 12.5 -14.6 -23.6 -22.8 -20.7 -24.8 -25.9 Market-based PCE\3\...................... 3.5 3.5 3.6 4.2 4.7 4.6 4.4 3.5 1.5 .6 .6 .7 .3 .2 Market-based PCE excluding food and energy\3\........................... 2.2 2.2 2.3 2.4 2.5 2.6 2.6 2.4 2.2 2.0 2.0 2.1 2.1 2.2 ----------------------------------------------------------------------------------------------------------------------------------------------------------- 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 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 11. Price Indexes for Personal Consumption Expenditures: Percent Change From Month One Year Ago--Table Ends ----------------------------------------------------------------------------------------------------------------------------------------------------------- May 09 Jun 09 Jul 09 Aug 09 Sep 09 Oct 09 Nov 09 Dec 09 Jan 10 Feb 10 Mar 10 Apr 10 May 10 Jun 10\p\ ----------------------------------------------------------------------------------------------------------------------------------------------------------- Personal consumption expenditures (PCE).... -.4 -.5 -1.0 -.6 -.5 .3 1.7 2.4 2.5 2.3 2.5 2.3 2.1 1.4 Goods.................................... -3.9 -3.7 -4.7 -3.8 -3.7 -1.8 2.2 4.1 4.3 3.3 3.4 2.9 2.2 .3 Durable goods.......................... -1.5 -1.4 -2.0 -2.2 -1.7 -1.4 -.9 -.7 -.8 -1.1 -1.0 -1.1 -1.3 -1.7 Nondurable goods....................... -4.9 -4.7 -5.9 -4.5 -4.6 -2.0 3.6 6.4 6.7 5.4 5.6 4.8 3.8 1.2 Services................................. 1.3 1.1 1.0 1.0 1.0 1.4 1.5 1.6 1.7 1.8 2.0 2.0 2.1 1.9 Addenda: PCE excluding food and energy............ 1.5 1.4 1.3 1.3 1.3 1.6 1.7 1.8 1.8 1.7 1.8 1.6 1.5 1.4 Food\1\.................................. 2.2 1.7 .1 -.4 -1.3 -1.6 -1.8 -1.5 -1.4 -1.0 -.5 .1 .4 .2 Energy goods and services\2\............. -27.9 -26.7 -29.3 -24.1 -22.9 -14.6 8.3 20.4 21.8 16.5 20.1 19.7 15.3 3.3 Market-based PCE\3\...................... -.1 -.3 -.9 -.5 -.5 .3 1.8 2.5 2.4 2.1 2.2 2.0 1.8 1.1 Market-based PCE excluding food and energy\3\........................... 2.1 2.0 1.8 1.8 1.7 1.8 1.7 1.8 1.6 1.4 1.3 1.1 1.1 1.1 ----------------------------------------------------------------------------------------------------------------------------------------------------------- p Preliminary 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 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 12. Revisions to Personal Income and Its Disposition ------------------------------------------------------------------------------------------------------------------------------------- Billions of dollars ------------------------ ------------------------ Revisions as a Revised Revisions to percentage of estimates previously previously published published ------------------------ ------------------------ ------------------------ 2007 2008 2009 2007 2008 2009 2007 2008 2009 ------------------------------------------------------------------------------------------------------------------------------------- Personal income............................ 11,912.3 12,391.1 12,174.9 18.2 152.3 155.9 .2 1.2 1.3 Compensation of employees, received...... 7,862.2 8,065.8 7,806.7 -.5 23.4 28.2 .0 .3 .4 Wage and salary disbursements.......... 6,421.7 6,559.0 6,274.1 12.8 13.1 -2.4 .2 .2 .0 Private industries................... 5,332.7 5,415.1 5,100.5 12.9 10.5 6.4 .2 .2 .1 Goods-producing industries......... 1,213.4 1,207.6 1,064.0 .5 1.1 2.0 .0 .1 .2 Manufacturing.................... 752.2 741.2 661.5 -1.3 -.8 2.1 -.2 -.1 .3 Services-producing industries...... 4,119.3 4,207.4 4,036.6 12.4 9.3 4.5 .3 .2 .1 Trade, transportation, and utilities....................... 1,045.2 1,050.9 990.5 .5 2.6 5.1 .0 .2 .5 Other services-producing industries...................... 3,074.1 3,156.6 3,046.1 11.9 6.8 -.6 .4 .2 .0 Government........................... 1,089.0 1,144.0 1,173.6 -.1 2.7 -8.8 .0 .2 -.7 Supplements to wages and salaries...... 1,440.4 1,506.8 1,532.6 -13.4 10.2 30.7 -.9 .7 2.0 Employer contributions for employee pension and insurance funds......... 980.5 1,036.6 1,072.0 -12.5 12.7 28.1 -1.3 1.2 2.7 Employer contributions for government social insurance.................... 459.9 470.1 460.6 -.9 -2.6 2.6 -.2 -.6 .6 Proprietors' income with inventory valuation and capital consumption adjustments............................. 1,090.4 1,102.0 1,011.9 -6.0 -4.3 -29.1 -.5 -.4 -2.8 Farm................................... 37.8 50.8 30.5 -1.6 2.1 1.2 -4.1 4.3 4.1 Nonfarm................................ 1,052.6 1,051.2 981.5 -4.3 -6.3 -30.2 -.4 -.6 -3.0 Rental income of persons with capital consumption adjustment.................. 143.7 222.0 274.0 -1.2 11.6 5.9 -.8 5.5 2.2 Personal income receipts on assets....... 2,057.0 2,109.3 1,919.7 25.5 114.9 127.1 1.3 5.8 7.1 Personal interest income............... 1,265.1 1,314.7 1,222.3 -1.3 6.7 -16.2 -.1 .5 -1.3 Personal dividend income............... 791.9 794.6 697.4 26.8 108.2 143.2 3.5 15.8 25.8 Personal current transfer receipts....... 1,718.5 1,879.2 2,132.8 .5 3.3 28.0 .0 .2 1.3 Government social benefits to persons.. 1,687.9 1,842.6 2,096.8 .1 -.6 24.8 .0 .0 1.2 Old-age, survivors, disability, and health insurance benefits........... 1,003.2 1,068.3 1,164.5 -.5 -2.0 7.8 .0 -.2 .7 Government unemployment insurance benefits............................ 32.3 50.7 128.6 .0 .1 6.6 .0 .2 5.4 Other................................ 652.4 723.6 803.7 .7 1.2 10.4 .1 .2 1.3 Other current transfer receipts, from business (net)........................ 30.5 36.7 36.0 .3 4.1 3.3 1.0 12.6 10.1 Less: Contributions for government social insurance, domestic..................... 959.5 987.2 970.3 .2 -3.4 4.4 .0 -.3 .5 Less: Personal current taxes............... 1,488.7 1,438.2 1,140.0 -2.2 5.8 38.3 -.1 .4 3.5 Equals: Disposable personal income......... 10,423.6 10,952.9 11,034.9 20.5 146.5 117.6 .2 1.4 1.1 Less: Personal outlays..................... 10,208.9 10,505.0 10,379.6 -15.4 -15.0 -79.1 -.2 -.1 -.8 Personal consumption expenditures........ 9,806.3 10,104.5 10,001.3 -20.1 -25.4 -87.8 -.2 -.3 -.9 Goods.................................. 3,357.7 3,379.5 3,230.7 -7.3 -23.7 -24.5 -.2 -.7 -.8 Durable goods........................ 1,159.4 1,083.5 1,026.5 -1.1 -11.7 -8.5 -.1 -1.1 -.8 Nondurable goods..................... 2,198.2 2,296.0 2,204.2 -6.3 -12.0 -16.0 -.3 -.5 -.7 Services............................... 6,448.6 6,725.0 6,770.6 -12.8 -1.8 -63.3 -.2 .0 -.9 Personal interest payments\1\............ 260.9 246.2 216.8 4.1 8.5 2.9 1.6 3.6 1.4 Personal current transfer payments....... 141.7 154.3 161.4 .7 2.0 5.7 .5 1.3 3.7 To government.......................... 82.4 89.7 95.0 .1 1.8 2.8 .1 2.0 3.0 To the rest of the world (net)......... 59.3 64.6 66.5 .6 .1 3.0 1.0 .2 4.7 Equals: Personal saving.................... 214.7 447.9 655.3 35.8 161.5 196.7 ..... ..... ..... Personal saving as a percentage of disposable personal income.............. 2.1 4.1 5.9 .4 1.4 1.7 ..... ..... ..... Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars\2\............... 9,656.5 9,638.5 9,191.1 11.1 133.9 116.0 .1 1.4 1.3 Disposable personal income: Total, billions of chained (2005) dollars\2\............................ 9,874.2 10,042.9 10,099.8 13.6 131.6 106.6 .1 1.3 1.1 Per capita: Current dollars...................... 34,512 35,931 35,888 67 481 383 .2 1.4 1.1 Chained (2005) dollars............... 32,693 32,946 32,847 45 432 347 .1 1.3 1.1 Population (midperiod, thousands)\3\..... 302,025 304,831 307,483 0 0 0 .0 .0 .0 ------------------------------------------------------------------------------------------------------------------------------------- 1. Consists of nonmortgage interest paid by households. 2. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. 3. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized population. Table 13. Changes in Personal Income and Related Measures: Comparisons with Previously Published Estimates (Months)--Continues ------------------------------------------------------------------------------------------------------------------------------------------------------------ Dec 06 Jan 07 Feb 07 Mar 07 Apr 07 May 07 Jun 07 Jul 07 Aug 07 Sep 07 Oct 07 Nov 07 Dec 07 Jan 08 Feb 08 ------------------------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Seasonally adjusted at annual rates ------------------------------------------------------------------------------------------------------------------------ Change from preceding period in billions of dollars: Personal income................... 101.6 50.4 73.1 74.4 27.6 27.2 15.1 48.8 25.0 92.6 40.6 66.9 95.2 30.8 36.0 Previously published............ 101.6 38.2 80.9 73.3 7.3 31.3 37.6 32.4 46.0 71.1 44.8 52.0 37.3 -2.3 -5.8 Disposable personal income........ 77.8 23.0 54.7 62.4 24.9 23.7 7.8 41.9 23.3 83.3 38.3 56.2 82.3 32.1 29.5 Previously published............ 77.8 10.3 63.3 59.2 6.0 26.6 29.8 26.4 41.7 61.2 41.3 41.6 29.2 1.1 -10.5 Personal consumption expenditures. 90.5 37.2 43.1 47.6 41.3 43.6 11.9 34.5 35.9 50.1 28.6 74.1 42.6 13.4 -10.1 Previously published............ 90.5 62.9 39.7 54.2 29.2 31.6 13.4 34.7 50.0 46.6 40.7 88.3 19.1 18.2 -2.2 Personal saving as a percentage of disposable personal income...... 2.4 2.2 2.3 2.5 2.2 1.9 1.8 1.8 1.7 2.0 2.1 1.9 2.3 2.4 2.8 Previously published.............. 2.4 1.9 2.1 2.2 1.8 1.7 1.8 1.7 1.6 1.7 1.7 1.3 1.4 1.3 1.3 ------------------------------------------------------------------------------------------------------------------------ Percent change from preceding period for current-dollar measures, seasonally adjusted at monthly rates ------------------------------------------------------------------------------------------------------------------------ Personal income..................... .9 .4 .6 .6 .2 .2 .1 .4 .2 .8 .3 .6 .8 .3 .3 Previously published.............. .9 .3 .7 .6 .1 .3 .3 .3 .4 .6 .4 .4 .3 .0 .0 Disposable personal income.......... .8 .2 .5 .6 .2 .2 .1 .4 .2 .8 .4 .5 .8 .3 .3 Previously published.............. .8 .1 .6 .6 .1 .3 .3 .3 .4 .6 .4 .4 .3 .0 -.1 Personal consumption expenditures... 1.0 .4 .4 .5 .4 .4 .1 .4 .4 .5 .3 .7 .4 .1 -.1 Previously published.............. 1.0 .7 .4 .6 .3 .3 .1 .4 .5 .5 .4 .9 .2 .2 .0 ------------------------------------------------------------------------------------------------------------------------ Percent change from preceding period for chained-dollar measures, seasonally adjusted at monthly rates ------------------------------------------------------------------------------------------------------------------------ Real disposable personal income..... .4 -.1 .2 .2 .0 -.1 -.1 .2 .1 .4 .1 .0 .5 .0 .1 Previously published.............. .4 -.2 .3 .2 -.1 .0 .1 .1 .3 .2 .0 -.3 .0 -.2 -.3 Real personal consumption expenditures....................... .6 .1 .1 .1 .2 .2 .0 .2 .3 .1 .0 .2 .1 -.2 -.3 Previously published.............. .6 .4 .1 .2 .1 .1 .0 .2 .4 .1 .0 .2 -.1 -.1 -.2 ------------------------------------------------------------------------------------------------------------------------------------------------------------ Table 13. Changes in Personal Income and Related Measures: Comparisons with Previously Published Estimates (Months)--Continues ---------------------------------------------------------------------------------------------------------------------------------------------------- Mar 08 Apr 08 May 08 Jun 08 Jul 08 Aug 08 Sep 08 Oct 08 Nov 08 Dec 08 Jan 09 Feb 09 Mar 09 Apr 09 ---------------------------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------- Seasonally adjusted at annual rates ---------------------------------------------------------------------------------------------------------------- Change from preceding period in billions of dollars: Personal income................... 55.2 -12.7 185.6 2.0 -114.4 52.9 6.3 -33.9 -58.9 -118.4 -97.5 -88.0 -24.9 63.2 Previously published............ 17.6 10.6 199.3 -7.7 -99.4 43.6 8.2 -38.4 -32.6 -39.0 -158.3 -101.2 -54.4 87.1 Disposable personal income........ 47.4 7.2 578.6 -209.0 -123.5 -90.1 16.4 -19.4 -34.0 -90.7 70.9 -56.2 14.7 118.2 Previously published............ 13.6 28.6 591.7 -217.3 -112.0 -98.0 22.9 -18.7 -9.3 -23.7 42.2 -74.7 -21.4 149.1 Personal consumption expenditures. 52.7 41.3 36.9 58.8 -3.9 -20.9 -44.1 -80.9 -124.1 -104.2 64.4 10.6 -44.7 4.0 Previously published............ 50.8 32.0 23.5 56.5 -8.8 .7 -35.4 -78.0 -105.0 -116.7 75.7 38.6 -32.4 -10.8 Personal saving as a percentage of disposable personal income...... 2.8 2.5 7.1 4.8 3.8 3.2 3.8 4.5 5.4 5.7 5.6 5.0 5.6 6.6 Previously published.............. 1.0 .8 5.8 3.5 2.6 1.7 2.2 2.9 3.8 4.7 4.4 3.4 3.5 4.9 ---------------------------------------------------------------------------------------------------------------- Percent change from preceding period for current-dollar measures, seasonally adjusted at monthly rates ---------------------------------------------------------------------------------------------------------------- Personal income..................... .4 -.1 1.5 .0 -.9 .4 .1 -.3 -.5 -1.0 -.8 -.7 -.2 .5 Previously published.............. .1 .1 1.6 -.1 -.8 .4 .1 -.3 -.3 -.3 -1.3 -.8 -.5 .7 Disposable personal income.......... .4 .1 5.4 -1.8 -1.1 -.8 .1 -.2 -.3 -.8 .7 -.5 .1 1.1 Previously published.............. .1 .3 5.6 -1.9 -1.0 -.9 .2 -.2 -.1 -.2 .4 -.7 -.2 1.4 Personal consumption expenditures... .5 .4 .4 .6 .0 -.2 -.4 -.8 -1.2 -1.0 .7 .1 -.5 .0 Previously published.............. .5 .3 .2 .6 -.1 .0 -.3 -.8 -1.0 -1.2 .8 .4 -.3 -.1 ---------------------------------------------------------------------------------------------------------------- Percent change from preceding period for chained-dollar measures, seasonally adjusted at monthly rates ---------------------------------------------------------------------------------------------------------------- Real disposable personal income..... .0 -.2 4.9 -2.5 -1.6 -.7 .0 .4 .9 -.4 .5 -.8 .2 .9 Previously published.............. -.2 .0 5.2 -2.6 -1.5 -.9 .1 .3 1.1 .3 .2 -1.0 -.1 1.3 Real personal consumption expenditures....................... .1 .1 -.1 -.1 -.6 -.1 -.5 -.2 -.1 -.6 .5 -.2 -.4 -.1 Previously published.............. .2 .1 -.1 -.1 -.6 .0 -.5 -.3 .1 -.7 .6 .1 -.2 -.2 ---------------------------------------------------------------------------------------------------------------------------------------------------- Table 13. Changes in Personal Income and Related Measures: Comparisons with Previously Published Estimates (Months)--Table Ends -------------------------------------------------------------------------------------------------------------------------------------------- May 09 Jun 09 Jul 09 Aug 09 Sep 09 Oct 09 Nov 09 Dec 09 Jan 10 Feb 10 Mar 10 Apr 10 May 10 -------------------------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- Seasonally adjusted at annual rates -------------------------------------------------------------------------------------------------------- Change from preceding period in billions of dollars: Personal income................... 200.3 -121.8 -40.7 25.5 -4.1 9.0 58.7 63.3 32.1 16.2 54.5 54.2 40.5 Previously published............ 177.1 -117.2 -54.5 36.7 16.8 -4.9 41.8 53.1 46.3 5.1 54.3 59.4 53.7 Disposable personal income........ 211.1 -116.7 -47.4 17.3 -2.0 10.1 58.1 64.3 14.2 15.1 50.4 57.7 36.9 Previously published............ 188.5 -104.6 -55.8 36.0 20.3 .5 39.4 50.2 33.1 5.1 51.2 63.7 49.0 Personal consumption expenditures. 16.5 55.2 20.7 119.0 -65.1 61.0 30.2 40.2 14.4 47.1 49.8 -10.9 8.6 Previously published............ 11.2 71.3 17.8 129.0 -64.6 55.8 53.2 37.0 23.6 48.0 57.3 1.4 24.4 Personal saving as a percentage of disposable personal income...... 8.2 6.7 6.1 5.1 5.7 5.3 5.6 5.8 5.8 5.4 5.4 6.0 6.3 Previously published.............. 6.4 4.9 4.3 3.4 4.2 3.7 3.6 3.7 3.8 3.4 3.3 3.8 4.0 -------------------------------------------------------------------------------------------------------- Percent change from preceding period for current-dollar measures, seasonally adjusted at monthly rates -------------------------------------------------------------------------------------------------------- Personal income..................... 1.7 -1.0 -.3 .2 .0 .1 .5 .5 .3 .1 .4 .4 .3 Previously published.............. 1.5 -1.0 -.5 .3 .1 .0 .3 .4 .4 .0 .4 .5 .4 Disposable personal income.......... 1.9 -1.0 -.4 .2 .0 .1 .5 .6 .1 .1 .4 .5 .3 Previously published.............. 1.7 -.9 -.5 .3 .2 .0 .4 .5 .3 .0 .5 .6 .4 Personal consumption expenditures... .2 .6 .2 1.2 -.6 .6 .3 .4 .1 .5 .5 -.1 .1 Previously published.............. .1 .7 .2 1.3 -.6 .6 .5 .4 .2 .5 .6 .0 .2 -------------------------------------------------------------------------------------------------------- Percent change from preceding period for chained-dollar measures, seasonally adjusted at monthly rates -------------------------------------------------------------------------------------------------------- Real disposable personal income..... 1.8 -1.6 -.5 -.1 -.2 -.2 .3 .4 -.1 .1 .3 .5 .4 Previously published.............. 1.7 -1.5 -.5 .0 .1 -.3 .2 .3 .1 .0 .3 .6 .5 Real personal consumption expenditures....................... .0 .0 .1 .9 -.8 .3 .1 .2 -.1 .4 .3 -.1 .2 Previously published.............. .0 .2 .2 1.0 -.7 .3 .3 .2 .1 .5 .4 .0 .3 -------------------------------------------------------------------------------------------------------------------------------------------- Table 14. Changes in Personal Income and Related Measures: Comparisons with Previously Published Estimates (Years and Quarters)--Continues [Quarters seasonally adjusted at annual rates] --------------------------------------------------------------------------------------------------------------------- 2006 2007 2008 2009 IV 06 I 07 II 07 III 07 IV 07 --------------------------------------------------------------------------------------------------------------------- Change from preceding period in billions of dollars: Personal income................... 782.2 644.2 478.8 -216.2 167.9 209.5 124.7 115.4 187.0 Previously published............ 782.2 626.0 344.7 -219.8 167.9 202.1 116.5 122.2 154.7 Disposable personal income........ 638.4 507.9 529.3 82.0 128.7 144.3 103.1 98.3 166.5 Previously published............ 638.4 487.4 403.3 110.9 128.7 136.2 94.3 103.3 133.4 Personal consumption expenditures. 503.7 483.6 298.2 -103.2 92.3 148.7 120.4 97.6 137.6 Previously published............ 503.7 503.7 303.5 -40.8 92.3 174.4 104.0 103.1 153.6 Personal saving as a percentage of disposable personal income...... 2.4 2.1 4.1 5.9 2.5 2.3 2.0 1.8 2.1 Previously published.............. 2.4 1.7 2.7 4.2 2.5 2.0 1.8 1.6 1.5 --------------------------------------------------------------------------------- Percent change from preceding period for current-dollar measures --------------------------------------------------------------------------------- Personal income..................... 7.5 5.7 4.0 -1.7 6.1 7.5 4.3 4.0 6.4 Previously published.............. 7.5 5.6 2.9 -1.8 6.1 7.2 4.0 4.2 5.3 Disposable personal income.......... 6.9 5.1 5.1 .7 5.3 5.8 4.1 3.9 6.5 Previously published.............. 6.9 4.9 3.9 1.0 5.3 5.5 3.7 4.1 5.2 Personal consumption expenditures... 5.7 5.2 3.0 -1.0 4.0 6.4 5.1 4.1 5.7 Previously published.............. 5.7 5.4 3.1 -.4 4.0 7.6 4.4 4.3 6.4 --------------------------------------------------------------------------------- Percent change from preceding period for chained-dollar measures --------------------------------------------------------------------------------- Real disposable personal income..... 4.0 2.3 1.7 .6 5.3 1.8 .6 1.5 2.2 Previously published.............. 4.0 2.2 .5 .8 5.3 1.7 .5 1.7 .1 Real personal consumption expenditures....................... 2.9 2.4 -.3 -1.2 4.1 2.4 1.5 1.7 1.4 Previously published.............. 2.9 2.6 -.2 -.6 4.1 3.7 1.1 1.9 1.2 --------------------------------------------------------------------------------------------------------------------- Table 14. Changes in Personal Income and Related Measures: Comparisons with Previously Published Estimates (Years and Quarters)--Table Ends [Quarters seasonally adjusted at annual rates] --------------------------------------------------------------------------------------------------------------------- I 08 II 08 III 08 IV 08 I 09 II 09 III 09 IV 09 I 10 --------------------------------------------------------------------------------------------------------------------- Change from preceding period in billions of dollars: Personal income................... 159.0 160.5 -13.9 -90.7 -263.1 110.2 -39.4 75.0 122.8 Previously published............ 41.9 150.7 -6.3 -53.1 -280.8 96.1 -43.6 64.2 117.1 Disposable personal income........ 141.2 364.6 -124.5 -91.4 -33.5 211.1 -43.9 74.7 103.3 Previously published............ 32.0 356.3 -117.4 -50.2 -33.7 200.8 -31.9 69.0 100.1 Personal consumption expenditures. 77.3 117.3 19.0 -234.8 -54.2 7.1 120.6 90.8 99.3 Previously published............ 75.9 99.6 25.4 -210.3 -22.1 11.6 133.6 103.5 117.1 Personal saving as a percentage of disposable personal income...... 2.7 4.8 3.6 5.2 5.4 7.2 5.6 5.5 5.5 Previously published.............. 1.2 3.4 2.2 3.8 3.7 5.4 3.9 3.7 3.5 --------------------------------------------------------------------------------- Percent change from preceding period for current-dollar measures --------------------------------------------------------------------------------- Personal income..................... 5.3 5.3 -.4 -2.9 -8.2 3.7 -1.3 2.5 4.1 Previously published.............. 1.4 5.1 -.2 -1.7 -8.9 3.3 -1.4 2.2 3.9 Disposable personal income.......... 5.4 14.3 -4.4 -3.3 -1.2 8.0 -1.6 2.7 3.8 Previously published.............. 1.2 14.1 -4.2 -1.8 -1.2 7.7 -1.2 2.5 3.7 Personal consumption expenditures... 3.1 4.7 .7 -8.9 -2.2 .3 5.0 3.7 4.0 Previously published.............. 3.1 4.0 1.0 -8.0 -.9 .5 5.5 4.1 4.7 --------------------------------------------------------------------------------- Percent change from preceding period for chained-dollar measures --------------------------------------------------------------------------------- Real disposable personal income..... 1.4 9.2 -8.4 2.7 .4 5.9 -4.4 .0 1.7 Previously published.............. -2.4 9.8 -8.5 3.4 .2 6.2 -3.6 .0 2.1 Real personal consumption expenditures....................... -.8 .1 -3.5 -3.3 -.5 -1.6 2.0 .9 1.9 Previously published.............. -.6 .1 -3.5 -3.1 .6 -.9 2.8 1.6 3.0 ---------------------------------------------------------------------------------------------------------------------