Table 1.--Personal Income and Its Disposition (Months) [Billions of dollars; months seasonally adjusted at annual rates] ----------------------------------------------------------------------------------------------------------------------------------- May 07 Jun 07 Jul 07 Aug 07 Sep 07 Oct 07\r\ Nov 07\r\ Dec 07\p\ ----------------------------------------------------------------------------------------------------------------------------------- Personal income............................ 11,575.7 11,626.5 11,693.1 11,746.7 11,800.4 11,825.7 11,873.3 11,928.4 Compensation of employees, received...... 7,796.8 7,832.3 7,861.0 7,885.3 7,931.7 7,937.9 7,982.3 8,012.3 Wage and salary disbursements.......... 6,314.1 6,344.2 6,366.9 6,386.6 6,427.1 6,428.9 6,467.4 6,492.5 Private industries................... 5,252.3 5,279.4 5,299.1 5,312.9 5,349.9 5,347.3 5,381.8 5,403.2 Goods-producing industries......... 1,211.3 1,216.1 1,215.9 1,217.1 1,219.4 1,215.5 1,222.3 1,220.9 Manufacturing.................... 752.5 756.0 755.7 756.1 756.0 753.6 756.1 754.1 Services-producing industries...... 4,041.0 4,063.3 4,083.3 4,095.8 4,130.4 4,131.8 4,159.5 4,182.3 Trade, transportation, and utilities....................... 1,032.2 1,042.9 1,045.2 1,048.1 1,058.7 1,056.4 1,064.0 1,065.2 Other services-producing industries...................... 3,008.8 3,020.4 3,038.1 3,047.6 3,071.8 3,075.4 3,095.5 3,117.1 Government........................... 1,061.8 1,064.7 1,067.7 1,073.7 1,077.2 1,081.6 1,085.6 1,089.3 Supplements to wages and salaries...... 1,482.6 1,488.1 1,494.1 1,498.7 1,504.7 1,509.0 1,514.9 1,519.7 Employer contributions for employee pension and insurance funds......... 1,010.8 1,014.5 1,019.2 1,022.8 1,026.2 1,030.7 1,034.3 1,037.6 Employer contributions for government social insurance.................... 471.8 473.6 475.0 475.9 478.4 478.2 480.6 482.1 Proprietors' income with inventory valuation and capital consumption adjustments............................. 1,039.1 1,041.1 1,051.3 1,050.7 1,043.9 1,050.0 1,061.0 1,061.0 Farm................................... 33.1 34.4 36.2 38.7 41.0 42.7 45.0 47.9 Nonfarm................................ 1,006.1 1,006.7 1,015.1 1,012.0 1,002.9 1,007.3 1,015.9 1,013.1 Rental income of persons with capital consumption adjustment.................. 61.6 66.5 66.9 68.3 70.1 73.1 76.0 78.9 Personal income receipts on assets....... 1,930.1 1,941.5 1,959.0 1,976.3 1,993.2 1,996.4 1,999.7 2,002.8 Personal interest income............... 1,148.4 1,151.8 1,161.5 1,171.1 1,180.8 1,176.9 1,173.0 1,169.1 Personal dividend income............... 781.7 789.7 797.5 805.1 812.4 819.5 826.6 833.7 Personal current transfer receipts....... 1,719.7 1,720.4 1,733.2 1,746.6 1,747.1 1,754.1 1,745.2 1,767.2 Government social benefits to persons.. 1,691.9 1,692.5 1,705.4 1,718.6 1,719.0 1,726.0 1,717.0 1,739.1 Old-age, survivors, disability, and health insurance benefits........... 1,022.7 1,027.3 1,027.6 1,038.7 1,037.4 1,036.1 1,027.3 1,045.2 Government unemployment insurance benefits............................ 31.6 31.5 31.5 32.1 31.5 31.5 32.3 33.4 Other................................ 637.7 633.7 646.2 647.7 650.2 658.3 657.5 660.4 Other current transfer receipts, from business (net)........................ 27.8 27.9 27.9 28.0 28.0 28.1 28.1 28.2 Less: Contributions for government social insurance............................... 971.6 975.2 978.4 980.4 985.7 985.7 990.7 993.9 Less: Personal current taxes............... 1,476.8 1,486.1 1,484.5 1,488.0 1,495.1 1,502.3 1,512.3 1,519.9 Equals: Disposable personal income......... 10,098.9 10,140.4 10,208.5 10,258.7 10,305.3 10,323.4 10,361.0 10,408.5 Less: Personal outlays..................... 10,079.7 10,112.0 10,153.7 10,198.3 10,250.6 10,272.1 10,362.8 10,382.5 Personal consumption expenditures........ 9,684.5 9,705.6 9,742.0 9,783.1 9,832.0 9,857.1 9,951.7 9,975.2 Durable goods.......................... 1,086.6 1,068.6 1,063.4 1,085.8 1,095.7 1,091.9 1,088.9 1,083.0 Nondurable goods....................... 2,838.1 2,835.4 2,854.3 2,830.6 2,854.0 2,867.5 2,920.5 2,923.1 Services............................... 5,759.8 5,801.5 5,824.3 5,866.7 5,882.3 5,897.6 5,942.3 5,969.1 Personal interest payments\1\............ 259.5 270.1 272.9 275.8 278.7 274.4 270.2 266.0 Personal current transfer payments....... 135.7 136.4 138.7 139.3 140.0 140.6 140.9 141.3 To government.......................... 85.3 85.9 86.5 87.1 87.8 88.1 88.4 88.8 To the rest of the world (net)......... 50.5 50.5 52.2 52.2 52.2 52.5 52.5 52.5 Equals: Personal saving.................... 19.1 28.4 54.8 60.5 54.7 51.2 -1.8 26.0 Personal saving as a percentage of disposable personal income.............. .2 .3 .5 .6 .5 .5 .0 .2 Addenda: Disposable personal income: Total, billions of chained (2000) dollars\2\............................ 8,597.0 8,619.9 8,668.1 8,712.3 8,727.2 8,714.7 8,697.6 8,715.9 Per capita: Current dollars...................... 33,478 33,587 33,783 33,919 34,042 34,072 34,169 34,299 Chained (2000) dollars............... 28,499 28,551 28,685 28,806 28,829 28,762 28,683 28,722 Population (midperiod, thousands)\3\..... 301,660 301,914 302,178 302,450 302,728 302,989 303,228 303,461 ----------------------------------------------------------------------------------------------------------------------------------- p Preliminary r Revised 1. Consists of nonmortgage interest paid by households. 2. Equals disposable personal income 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) [Billions of dollars; quarters seasonally adjusted at annual rates] ----------------------------------------------------------------------------------------------------------------------------------- 2006 2007 III 06 IV 06 I 07 II 07 III 07 IV 07 ----------------------------------------------------------------------------------------------------------------------------------- Personal income............................ 10,983.4 11,667.3 11,030.9 11,200.2 11,469.2 11,577.3 11,746.7 11,875.8 Compensation of employees, received...... 7,440.8 7,859.2 7,442.5 7,599.9 7,764.9 7,801.9 7,892.7 7,977.5 Wage and salary disbursements.......... 6,018.2 6,367.4 6,015.8 6,153.0 6,294.4 6,318.9 6,393.5 6,463.0 Private industries................... 4,997.6 5,299.4 4,988.8 5,115.7 5,242.7 5,256.9 5,320.6 5,377.4 Goods-producing industries......... 1,166.8 1,214.6 1,158.5 1,191.4 1,208.9 1,212.6 1,217.5 1,219.6 Manufacturing.................... 731.0 755.0 724.3 743.3 755.4 754.1 755.9 754.6 Services-producing industries...... 3,830.8 4,084.8 3,830.3 3,924.4 4,033.9 4,044.3 4,103.1 4,157.8 Trade, transportation, and utilities....................... 985.1 1,041.6 985.8 1,002.2 1,020.0 1,033.7 1,050.7 1,061.9 Other services-producing industries...................... 2,845.7 3,043.2 2,844.5 2,922.2 3,013.8 3,010.6 3,052.5 3,096.0 Government........................... 1,020.6 1,068.0 1,027.0 1,037.2 1,051.7 1,061.9 1,072.9 1,085.5 Supplements to wages and salaries...... 1,422.6 1,491.8 1,426.7 1,446.9 1,470.5 1,483.0 1,499.2 1,514.5 Employer contributions for employee pension and insurance funds......... 970.7 1,016.8 975.4 986.7 999.2 1,010.9 1,022.7 1,034.2 Employer contributions for government social insurance.................... 451.8 475.0 451.3 460.2 471.3 472.1 476.4 480.3 Proprietors' income with inventory valuation and capital consumption adjustments............................. 1,006.7 1,043.0 1,003.6 1,009.8 1,027.4 1,038.4 1,048.7 1,057.3 Farm................................... 19.4 36.5 18.1 23.9 29.1 33.1 38.6 45.2 Nonfarm................................ 987.4 1,006.4 985.5 985.8 998.3 1,005.3 1,010.0 1,012.1 Rental income of persons with capital consumption adjustment.................. 54.5 64.9 52.9 50.9 53.2 62.1 68.4 76.0 Personal income receipts on assets....... 1,796.5 1,947.2 1,828.1 1,836.6 1,882.9 1,930.0 1,976.2 1,999.6 Personal interest income............... 1,100.2 1,154.7 1,119.7 1,102.8 1,126.1 1,148.4 1,171.1 1,173.0 Personal dividend income............... 696.3 792.5 708.4 733.8 756.8 781.6 805.0 826.6 Personal current transfer receipts....... 1,612.5 1,731.4 1,630.6 1,647.7 1,710.7 1,717.1 1,742.3 1,755.5 Government social benefits to persons.. 1,585.3 1,703.5 1,603.2 1,618.0 1,683.1 1,689.4 1,714.4 1,727.4 Old-age, survivors, disability, and health insurance benefits........... 946.4 1,022.6 956.1 972.0 999.4 1,020.1 1,034.6 1,036.2 Government unemployment insurance benefits............................ 29.9 31.9 30.0 30.3 31.8 31.7 31.7 32.4 Other................................ 609.0 649.1 617.1 615.7 651.8 637.6 648.1 658.8 Other current transfer receipts, from business (net)........................ 27.2 27.9 27.4 29.7 27.6 27.8 28.0 28.1 Less: Contributions for government social insurance............................... 927.6 978.4 926.8 944.6 969.8 972.2 981.5 990.1 Less: Personal current taxes............... 1,354.3 1,483.3 1,355.2 1,401.0 1,454.7 1,477.6 1,489.2 1,511.5 Equals: Disposable personal income......... 9,629.1 10,184.0 9,675.8 9,799.2 10,014.5 10,099.7 10,257.5 10,364.3 Less: Personal outlays..................... 9,590.3 10,131.7 9,677.1 9,757.2 9,917.5 10,069.2 10,200.9 10,339.2 Personal consumption expenditures........ 9,224.5 9,732.0 9,305.7 9,373.7 9,540.5 9,674.0 9,785.7 9,928.0 Durable goods.......................... 1,048.9 1,079.6 1,053.8 1,056.5 1,074.0 1,074.7 1,081.6 1,087.9 Nondurable goods....................... 2,688.0 2,833.0 2,732.4 2,705.4 2,759.4 2,822.7 2,846.3 2,903.7 Services............................... 5,487.6 5,819.4 5,519.5 5,611.8 5,707.1 5,776.5 5,857.8 5,936.3 Personal interest payments\1\............ 238.0 262.2 242.3 251.6 243.3 259.5 275.8 270.2 Personal current transfer payments....... 127.8 137.4 129.1 131.8 133.7 135.7 139.3 140.9 To government.......................... 78.9 86.1 79.6 81.2 83.4 85.3 87.1 88.4 To the rest of the world (net)......... 48.9 51.4 49.5 50.6 50.4 50.5 52.2 52.5 Equals: Personal saving.................... 38.8 52.3 -1.4 42.0 97.0 30.5 56.7 25.1 Personal saving as a percentage of disposable personal income.............. .4 .5 .0 .4 1.0 .3 .6 .2 Addenda: Disposable personal income: Total, billions of chained (2000) dollars\2\............................ 8,396.9 8,660.6 8,384.5 8,510.7 8,623.9 8,607.1 8,702.6 8,709.3 Per capita: Current dollars...................... 32,183 33,712 32,299 32,626 33,270 33,480 33,915 34,180 Chained (2000) dollars............... 28,064 28,669 27,989 28,336 28,650 28,532 28,773 28,722 Population (midperiod, thousands)\3\..... 299,199 302,087 299,568 300,351 301,004 301,667 302,452 303,226 ----------------------------------------------------------------------------------------------------------------------------------- 1. Consists of nonmortgage interest paid by households. 2. Equals disposable personal income 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) [Billions of dollars; months seasonally adjusted at annual rates] ----------------------------------------------------------------------------------------------------------------------------------- May 07 Jun 07 Jul 07 Aug 07 Sep 07 Oct 07\r\ Nov 07\r\ Dec 07\p\ ----------------------------------------------------------------------------------------------------------------------------------- Personal income............................ 45.9 50.8 66.6 53.6 53.7 25.3 47.6 55.1 Compensation of employees, received...... 20.3 35.5 28.7 24.3 46.4 6.2 44.4 30.0 Wage and salary disbursements.......... 15.8 30.1 22.7 19.7 40.5 1.8 38.5 25.1 Private industries................... 13.2 27.1 19.7 13.8 37.0 -2.6 34.5 21.4 Goods-producing industries......... .9 4.8 -.2 1.2 2.3 -3.9 6.8 -1.4 Manufacturing.................... -1.4 3.5 -.3 .4 -.1 -2.4 2.5 -2.0 Services-producing industries...... 12.3 22.3 20.0 12.5 34.6 1.4 27.7 22.8 Trade, transportation, and utilities....................... 6.2 10.7 2.3 2.9 10.6 -2.3 7.6 1.2 Other services-producing industries...................... 6.1 11.6 17.7 9.5 24.2 3.6 20.1 21.6 Government........................... 2.6 2.9 3.0 6.0 3.5 4.4 4.0 3.7 Supplements to wages and salaries...... 4.3 5.5 6.0 4.6 6.0 4.3 5.9 4.8 Employer contributions for employee pension and insurance funds......... 3.5 3.7 4.7 3.6 3.4 4.5 3.6 3.3 Employer contributions for government social insurance.................... .8 1.8 1.4 .9 2.5 -.2 2.4 1.5 Proprietors' income with inventory valuation and capital consumption adjustments............................. 4.0 2.0 10.2 -.6 -6.8 6.1 11.0 .0 Farm................................... 1.2 1.3 1.8 2.5 2.3 1.7 2.3 2.9 Nonfarm................................ 3.0 .6 8.4 -3.1 -9.1 4.4 8.6 -2.8 Rental income of persons with capital consumption adjustment.................. 3.3 4.9 .4 1.4 1.8 3.0 2.9 2.9 Personal income receipts on assets....... 11.7 11.4 17.5 17.3 16.9 3.2 3.3 3.1 Personal interest income............... 3.4 3.4 9.7 9.6 9.7 -3.9 -3.9 -3.9 Personal dividend income............... 8.3 8.0 7.8 7.6 7.3 7.1 7.1 7.1 Personal current transfer receipts....... 8.3 .7 12.8 13.4 .5 7.0 -8.9 22.0 Government social benefits to persons.. 8.2 .6 12.9 13.2 .4 7.0 -9.0 22.1 Old-age, survivors, disability, and health insurance benefits........... 12.5 4.6 .3 11.1 -1.3 -1.3 -8.8 17.9 Government unemployment insurance benefits............................ -.3 -.1 .0 .6 -.6 .0 .8 1.1 Other................................ -3.8 -4.0 12.5 1.5 2.5 8.1 -.8 2.9 Other current transfer receipts, from business (net)........................ .1 .1 .0 .1 .0 .1 .0 .1 Less: Contributions for government social insurance............................... 1.7 3.6 3.2 2.0 5.3 .0 5.0 3.2 Less: Personal current taxes............... 6.8 9.3 -1.6 3.5 7.1 7.2 10.0 7.6 Equals: Disposable personal income......... 39.1 41.5 68.1 50.2 46.6 18.1 37.6 47.5 Less: Personal outlays..................... 63.9 32.3 41.7 44.6 52.3 21.5 90.7 19.7 Personal consumption expenditures........ 52.7 21.1 36.4 41.1 48.9 25.1 94.6 23.5 Durable goods.......................... 17.7 -18.0 -5.2 22.4 9.9 -3.8 -3.0 -5.9 Nondurable goods....................... 43.5 -2.7 18.9 -23.7 23.4 13.5 53.0 2.6 Services............................... -8.5 41.7 22.8 42.4 15.6 15.3 44.7 26.8 Personal interest payments\1\............ 10.6 10.6 2.8 2.9 2.9 -4.3 -4.2 -4.2 Personal current transfer payments....... .6 .7 2.3 .6 .7 .6 .3 .4 To government.......................... .6 .6 .6 .6 .7 .3 .3 .4 To the rest of the world (net)......... .0 .0 1.7 .0 .0 .3 .0 .0 Equals: Personal saving.................... -24.8 9.3 26.4 5.7 -5.8 -3.5 -53.0 27.8 Addendum: Real disposable personal income, billions of chained (2000) dollars\2\............ -7.5 22.9 48.2 44.2 14.9 -12.5 -17.1 18.3 ----------------------------------------------------------------------------------------------------------------------------------- p Preliminary r Revised 1. Consists of nonmortgage interest paid by households. 2. Equals disposable personal income deflated by the implicit price deflator for personal consumption expenditures. Table 4.--Personal Income and Its Disposition, Change from Preceding Period (Years and Quarters) [Billions of dollars; quarters seasonally adjusted at annual rates] ----------------------------------------------------------------------------------------------------------------------------------- 2006 2007 III 06 IV 06 I 07 II 07 III 07 IV 07 ----------------------------------------------------------------------------------------------------------------------------------- Personal income............................ 682.3 683.9 115.4 169.3 269.0 108.1 169.4 129.1 Compensation of employees, received...... 416.2 418.4 70.6 157.4 165.0 37.0 90.8 84.8 Wage and salary disbursements.......... 350.3 349.2 57.4 137.2 141.4 24.5 74.6 69.5 Private industries................... 310.7 301.8 44.2 126.9 127.0 14.2 63.7 56.8 Goods-producing industries......... 68.1 47.8 2.6 32.9 17.5 3.7 4.9 2.1 Manufacturing.................... 26.9 24.0 1.0 19.0 12.1 -1.3 1.8 -1.3 Services-producing industries...... 242.5 254.0 41.7 94.1 109.5 10.4 58.8 54.7 Trade, transportation, and utilities....................... 48.1 56.5 4.9 16.4 17.8 13.7 17.0 11.2 Other services-producing industries...................... 194.5 197.5 36.7 77.7 91.6 -3.2 41.9 43.5 Government........................... 39.7 47.4 13.2 10.2 14.5 10.2 11.0 12.6 Supplements to wages and salaries...... 65.8 69.2 13.2 20.2 23.6 12.5 16.2 15.3 Employer contributions for employee pension and insurance funds......... 43.0 46.1 9.9 11.3 12.5 11.7 11.8 11.5 Employer contributions for government social insurance.................... 22.7 23.2 3.3 8.9 11.1 .8 4.3 3.9 Proprietors' income with inventory valuation and capital consumption adjustments............................. 36.8 36.3 -9.9 6.2 17.6 11.0 10.3 8.6 Farm................................... -11.4 17.1 3.5 5.8 5.2 4.0 5.5 6.6 Nonfarm................................ 48.3 19.0 -13.4 .3 12.5 7.0 4.7 2.1 Rental income of persons with capital consumption adjustment.................. 11.6 10.4 -2.5 -2.0 2.3 8.9 6.3 7.6 Personal income receipts on assets....... 178.7 150.7 32.4 8.5 46.3 47.1 46.2 23.4 Personal interest income............... 81.3 54.5 7.0 -16.9 23.3 22.3 22.7 1.9 Personal dividend income............... 97.4 96.2 25.5 25.4 23.0 24.8 23.4 21.6 Personal current transfer receipts....... 91.8 118.9 31.5 17.1 63.0 6.4 25.2 13.2 Government social benefits to persons.. 102.2 118.2 29.9 14.8 65.1 6.3 25.0 13.0 Old-age, survivors, disability, and health insurance benefits........... 101.1 76.2 16.0 15.9 27.4 20.7 14.5 1.6 Government unemployment insurance benefits............................ -1.4 2.0 .8 .3 1.5 -.1 .0 .7 Other................................ 2.6 40.1 13.2 -1.4 36.1 -14.2 10.5 10.7 Other current transfer receipts, from business (net)........................ -10.4 .7 1.5 2.3 -2.1 .2 .2 .1 Less: Contributions for government social insurance............................... 52.8 50.8 6.7 17.8 25.2 2.4 9.3 8.6 Less: Personal current taxes............... 145.2 129.0 12.6 45.8 53.7 22.9 11.6 22.3 Equals: Disposable personal income......... 537.1 554.9 102.9 123.4 215.3 85.2 157.8 106.8 Less: Personal outlays..................... 542.9 541.4 134.2 80.1 160.3 151.7 131.7 138.3 Personal consumption expenditures........ 516.7 507.5 121.8 68.0 166.8 133.5 111.7 142.3 Durable goods.......................... 25.0 30.7 11.0 2.7 17.5 .7 6.9 6.3 Nondurable goods....................... 171.8 145.0 40.2 -27.0 54.0 63.3 23.6 57.4 Services............................... 319.8 331.8 70.6 92.3 95.3 69.4 81.3 78.5 Personal interest payments\1\............ 20.3 24.2 11.3 9.3 -8.3 16.2 16.3 -5.6 Personal current transfer payments....... 6.0 9.6 1.1 2.7 1.9 2.0 3.6 1.6 To government.......................... 4.4 7.2 1.5 1.6 2.2 1.9 1.8 1.3 To the rest of the world (net)......... 1.6 2.5 -.4 1.1 -.2 .1 1.7 .3 Equals: Personal saving.................... -5.8 13.5 -31.4 43.4 55.0 -66.5 26.2 -31.6 Addendum: Real disposable personal income, billions of chained (2000) dollars\2\............ 249.0 263.7 35.9 126.2 113.2 -16.8 95.5 6.7 ----------------------------------------------------------------------------------------------------------------------------------- 1. Consists of nonmortgage interest paid by households. 2. Equals disposable personal income deflated by the implicit price deflator for personal consumption expenditures. Table 5.--Personal Income and Its Disposition, Percent Change from Preceding Period (Months) [Months seasonally adjusted at monthly rates] ----------------------------------------------------------------------------------------------------------------------------------- May 07 Jun 07 Jul 07 Aug 07 Sep 07 Oct 07\r\ Nov 07\r\ Dec 07\p\ ----------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------- Based on current-dollar measures ---------------------------------------------------------------------------------------- Personal income............................ .4 .4 .6 .5 .5 .2 .4 .5 Compensation of employees, received...... .3 .5 .4 .3 .6 .1 .6 .4 Wage and salary disbursements.......... .3 .5 .4 .3 .6 .0 .6 .4 Supplements to wages and salaries...... .3 .4 .4 .3 .4 .3 .4 .3 Proprietors' income with inventory valuation and capital consumption adjustments............................. .4 .2 1.0 -.1 -.6 .6 1.0 .0 Rental income of persons with capital consumption adjustment.................. 5.7 7.9 .6 2.1 2.7 4.2 4.0 3.9 Personal income receipts on assets....... .6 .6 .9 .9 .9 .2 .2 .2 Personal interest income............... .3 .3 .8 .8 .8 -.3 -.3 -.3 Personal dividend income............... 1.1 1.0 1.0 1.0 .9 .9 .9 .8 Personal current transfer receipts....... .5 .0 .7 .8 .0 .4 -.5 1.3 Less: Contributions for government social insurance............................... .2 .4 .3 .2 .5 .0 .5 .3 Less: Personal current taxes............... .5 .6 -.1 .2 .5 .5 .7 .5 Equals: Disposable personal income......... .4 .4 .7 .5 .5 .2 .4 .5 Addenda: Personal consumption expenditures........ .5 .2 .4 .4 .5 .3 1.0 .2 Durable goods.......................... 1.7 -1.7 -.5 2.1 .9 -.3 -.3 -.5 Nondurable goods....................... 1.6 -.1 .7 -.8 .8 .5 1.8 .1 Services............................... -.1 .7 .4 .7 .3 .3 .8 .5 ---------------------------------------------------------------------------------------- Based on chained (2000) dollar measures ---------------------------------------------------------------------------------------- Real disposable personal income.......... -.1 .3 .6 .5 .2 -.1 -.2 .2 ----------------------------------------------------------------------------------------------------------------------------------- p Preliminary r Revised Table 6.--Personal Income and Its Disposition, Percent Change from Preceding Period (Years and Quarters) [Quarters seasonally adjusted at annual rates] ----------------------------------------------------------------------------------------------------------------------------------- 2006 2007 III 06 IV 06 I 07 II 07 III 07 IV 07 ----------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------- Based on current-dollar measures ---------------------------------------------------------------------------------------- Personal income............................ 6.6 6.2 4.3 6.3 10.0 3.8 6.0 4.5 Compensation of employees, received...... 5.9 5.6 3.9 8.7 9.0 1.9 4.7 4.4 Wage and salary disbursements.......... 6.2 5.8 3.9 9.4 9.5 1.6 4.8 4.4 Supplements to wages and salaries...... 4.8 4.9 3.8 5.8 6.7 3.4 4.4 4.2 Proprietors' income with inventory valuation and capital consumption adjustments............................. 3.8 3.6 -3.9 2.5 7.2 4.4 4.0 3.3 Rental income of persons with capital consumption adjustment.................. 27.2 19.1 -16.7 -14.0 19.2 85.9 47.1 52.2 Personal income receipts on assets....... 11.0 8.4 7.4 1.9 10.5 10.4 9.9 4.8 Personal interest income............... 8.0 4.9 2.5 -5.9 8.7 8.2 8.2 .6 Personal dividend income............... 16.3 13.8 15.8 15.1 13.1 13.8 12.5 11.2 Personal current transfer receipts....... 6.0 7.4 8.1 4.3 16.2 1.5 6.0 3.1 Less: Contributions for government social insurance............................... 6.0 5.5 3.0 7.9 11.1 1.0 3.9 3.6 Less: Personal current taxes............... 12.0 9.5 3.8 14.2 16.2 6.5 3.2 6.1 Equals: Disposable personal income......... 5.9 5.8 4.4 5.2 9.1 3.4 6.4 4.2 Addenda: Personal consumption expenditures........ 5.9 5.5 5.4 3.0 7.3 5.7 4.7 5.9 Durable goods.......................... 2.4 2.9 4.3 1.0 6.8 .3 2.6 2.3 Nondurable goods....................... 6.8 5.4 6.1 -3.9 8.2 9.5 3.4 8.3 Services............................... 6.2 6.0 5.3 6.9 7.0 5.0 5.7 5.5 ---------------------------------------------------------------------------------------- Based on chained (2000) dollar measures ---------------------------------------------------------------------------------------- Real disposable personal income.......... 3.1 3.1 1.7 6.2 5.4 -.8 4.5 .3 ----------------------------------------------------------------------------------------------------------------------------------- Table 7.--Real Personal Consumption Expenditures by Major Type of Product (Months) ----------------------------------------------------------------------------------------------------------------------------------- May 07 Jun 07 Jul 07 Aug 07 Sep 07 Oct 07\r\ Nov 07\r\ Dec 07\p\ ----------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------- Billions of chained (2000) dollars, seasonally adjusted at annual rates ---------------------------------------------------------------------------------------- Personal consumption expenditures.......... 8,244.3 8,250.2 8,272.0 8,308.4 8,326.4 8,321.0 8,354.0 8,353.1 Durable goods............................ 1,242.9 1,221.4 1,217.2 1,247.3 1,261.2 1,256.0 1,255.6 1,252.4 Nondurable goods......................... 2,386.4 2,385.1 2,398.8 2,389.7 2,402.0 2,403.4 2,412.9 2,407.7 Services................................. 4,643.8 4,665.9 4,676.3 4,698.3 4,693.8 4,691.2 4,713.5 4,719.8 ---------------------------------------------------------------------------------------- Change from preceding period in billions of chained (2000) dollars, seasonally adjusted at annual rates ---------------------------------------------------------------------------------------- Personal consumption expenditures.......... 5.8 5.9 21.8 36.4 18.0 -5.4 33.0 -.9 Durable goods............................ 22.2 -21.5 -4.2 30.1 13.9 -5.2 -.4 -3.2 Nondurable goods......................... 6.6 -1.3 13.7 -9.1 12.3 1.4 9.5 -5.2 Services................................. -16.6 22.1 10.4 22.0 -4.5 -2.6 22.3 6.3 ---------------------------------------------------------------------------------------- Percent change from preceding period in chained (2000) dollars, seasonally adjusted at monthly rates ---------------------------------------------------------------------------------------- Personal consumption expenditures.......... .1 .1 .3 .4 .2 -.1 .4 .0 Durable goods............................ 1.8 -1.7 -.4 2.5 1.1 -.4 .0 -.3 Nondurable goods......................... .3 -.1 .6 -.4 .5 .1 .4 -.2 Services................................. -.4 .5 .2 .5 -.1 -.1 .5 .1 ----------------------------------------------------------------------------------------------------------------------------------- p Preliminary r Revised Table 8.--Real Personal Consumption Expenditures by Major Type of Product (Years and Quarters) [Quarters seasonally adjusted at annual rates] ----------------------------------------------------------------------------------------------------------------------------------- 2006 2007 III 06 IV 06 I 07 II 07 III 07 IV 07 ----------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------- Billions of chained (2000) dollars ---------------------------------------------------------------------------------------- Personal consumption expenditures.......... 8,044.1 8,276.2 8,063.8 8,141.2 8,215.7 8,244.3 8,302.2 8,342.7 Durable goods............................ 1,180.5 1,237.0 1,186.3 1,197.6 1,223.2 1,228.4 1,241.9 1,254.7 Nondurable goods......................... 2,337.7 2,393.8 2,343.9 2,368.8 2,386.6 2,383.8 2,396.8 2,408.0 Services................................. 4,545.5 4,671.3 4,554.0 4,595.5 4,630.7 4,656.7 4,689.5 4,708.2 ---------------------------------------------------------------------------------------- Change from preceding period in billions of chained (2000) dollars ---------------------------------------------------------------------------------------- Personal consumption expenditures.......... 240.5 232.1 54.5 77.4 74.5 28.6 57.9 40.5 Durable goods............................ 43.1 56.5 16.1 11.3 25.6 5.2 13.5 12.8 Nondurable goods......................... 82.3 56.1 18.3 24.9 17.8 -2.8 13.0 11.2 Services................................. 118.2 125.8 22.4 41.5 35.2 26.0 32.8 18.7 ---------------------------------------------------------------------------------------- Percent change from preceding period in chained (2000) dollars ---------------------------------------------------------------------------------------- Personal consumption expenditures.......... 3.1 2.9 2.8 3.9 3.7 1.4 2.8 2.0 Durable goods............................ 3.8 4.8 5.6 3.9 8.8 1.7 4.5 4.2 Nondurable goods......................... 3.6 2.4 3.2 4.3 3.0 -.5 2.2 1.9 Services................................. 2.7 2.8 2.0 3.7 3.1 2.3 2.8 1.6 ----------------------------------------------------------------------------------------------------------------------------------- Table 9.--Price Indexes for Personal Consumption Expenditures: Level and Percent Change From Preceding Period (Months) ----------------------------------------------------------------------------------------------------------------------------------- May 07 Jun 07 Jul 07 Aug 07 Sep 07 Oct 07\r\ Nov 07\r\ Dec 07\p\ ----------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------- Chain-type price indexes (2000=100), seasonally adjusted ---------------------------------------------------------------------------------------- Personal consumption expenditures (PCE).... 117.474 117.644 117.776 117.755 118.087 118.465 119.129 119.425 Durable goods............................ 87.421 87.484 87.363 87.044 86.865 86.933 86.715 86.466 Nondurable goods......................... 118.925 118.881 118.989 118.451 118.813 119.311 121.036 121.409 Services................................. 124.038 124.346 124.557 124.877 125.329 125.726 126.078 126.478 Addenda: PCE excluding food and energy............ 114.105 114.270 114.457 114.645 114.946 115.203 115.451 115.714 Market-based PCE\1\...................... 115.934 116.083 116.173 116.053 116.333 116.698 117.426 117.731 Market-based PCE excluding food and energy\1\........................... 111.485 111.623 111.768 111.876 112.105 112.320 112.563 112.831 ---------------------------------------------------------------------------------------- Percent change from preceding period in price indexes, seasonally adjusted at monthly rates ---------------------------------------------------------------------------------------- PCE........................................ .5 .1 .1 .0 .3 .3 .6 .2 Durable goods............................ -.2 .1 -.1 -.4 -.2 .1 -.3 -.3 Nondurable goods......................... 1.3 .0 .1 -.5 .3 .4 1.4 .3 Services................................. .2 .2 .2 .3 .4 .3 .3 .3 Addenda: PCE excluding food and energy............ .1 .1 .2 .2 .3 .2 .2 .2 Market-based PCE\1\...................... .5 .1 .1 -.1 .2 .3 .6 .3 Market-based PCE excluding food and energy\1\........................... .1 .1 .1 .1 .2 .2 .2 .2 ----------------------------------------------------------------------------------------------------------------------------------- p Preliminary r Revised 1. This index is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most implicit prices (for example, the services furnished without payment by financial intermediaries) and the expenses of nonprofit institutions. Table 10.--Real Disposable Personal Income and Real Personal Consumption Expenditures: Percent Change From Month One Year Ago ----------------------------------------------------------------------------------------------------------------------------------- May 07 Jun 07 Jul 07 Aug 07 Sep 07 Oct 07\r\ Nov 07\r\ Dec 07\p\ ----------------------------------------------------------------------------------------------------------------------------------- Disposable personal income................. 3.2 3.0 3.7 4.1 3.6 2.7 2.2 2.1 Personal consumption expenditures.......... 2.9 2.9 2.5 3.2 3.2 2.5 2.7 2.2 Durable goods............................ 6.8 4.3 1.9 6.2 6.0 5.7 5.2 3.4 Nondurable goods......................... 2.6 2.6 2.2 2.0 2.6 2.0 2.1 .8 Services................................. 2.4 2.7 2.7 3.2 3.0 2.2 2.5 2.6 ----------------------------------------------------------------------------------------------------------------------------------- p Preliminary r Revised Table 11.--Price Indexes for Personal Consumption Expenditures: Percent Change From Month One Year Ago ----------------------------------------------------------------------------------------------------------------------------------- May 07 Jun 07 Jul 07 Aug 07 Sep 07 Oct 07\r\ Nov 07\r\ Dec 07\p\ ----------------------------------------------------------------------------------------------------------------------------------- Personal consumption expenditures (PCE).... 2.4 2.3 2.1 1.8 2.5 3.0 3.6 3.5 Durable goods............................ -2.0 -1.6 -1.8 -2.2 -1.9 -1.8 -1.7 -1.6 Nondurable goods......................... 2.5 2.2 1.8 1.0 2.8 4.5 6.3 5.9 Services................................. 3.2 3.1 3.1 3.0 3.1 3.2 3.3 3.3 Addenda: PCE excluding food and energy............ 2.0 1.9 2.0 1.9 1.9 2.0 2.2 2.2 Market-based PCE\1\...................... 2.3 2.2 2.0 1.7 2.3 3.0 3.6 3.5 Market-based PCE excluding food and energy\1\........................... 1.8 1.7 1.8 1.6 1.6 1.7 1.9 2.0 ----------------------------------------------------------------------------------------------------------------------------------- p Preliminary r Revised 1. This index is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most implicit prices (for example, the services furnished without payment by financial intermediaries) and the expenses of nonprofit institutions.