News Release

FOR WIRE TRANSMISSION: 8:30 A.M. EDT, TUESDAY, MAY 28, 2002
BEA 02-15

Personal Income, April 2002




The tables in this release are available in an XLS spreadsheet and the entire release is available in PDF format.
Many of the tables in our news releases are very wide. Printing tips are available.

James E. Rankin:       (202) 606-5301  (Personal Income)                           BEA 02-15
Greg Key:                    606-5302  (Personal Outlays)
Recorded message:            606-5303


                       PERSONAL INCOME AND OUTLAYS:  APRIL 2002

 Personal income increased $22.5 billion, or 0.3 percent, and disposable personal income (DPI)
increased $23.4 billion, or 0.3 percent, in April, according to the Bureau of Economic Analysis.
Personal consumption expenditures (PCE) increased $38.8 billion, or 0.5 percent.  In March, personal
income increased $33.9 billion, or 0.4 percent, DPI increased $34.9 billion, or 0.5 percent, and PCE
increased $23.5 billion, or 0.3 percent, based on revised estimates.


                                                 2000                          2001
                                                  Dec.        Jan.        Feb.        Mar.        Apr.
                                                          (Percent change from preceding month)
Personal income, current dollars                  0.3         0.5         0.6         0.4         0.3

Disposable personal income:
  Current dollars                                 0.2         2.7         0.7         0.5         0.3
  Chained (1996) dollars                          0.4         2.5         0.6         0.2        -0.1

Personal consumption expenditures:
  Current dollars                                 0.1         0.4         0.8         0.3         0.5
  Chained (1996) dollars                          0.3         0.2         0.6         0.0         0.2



Wages and salaries

 Private wage and salary disbursements increased $2.7 billion in April, compared with an
increase of $7.2 billion in March.  Goods-producing industries' payrolls decreased $2.7 billion, in
contrast to an increase of $2.6 billion; manufacturing payrolls decreased less than $0.1 billion, in
contrast to an increase of $2.3 billion.  Distributive industries' payrolls decreased $2.2 billion, in
contrast to an increase of $2.1 billion.  Service industries' payrolls increased $7.7 billion, compared
with an increase of $2.5 billion.  Government wage and salary disbursements increased $1.8 billion,
compared with an increase of $2.7 billion.


Other personal income

 Proprietors' income decreased $5.6 billion in April, in contrast to an increase of $9.3 billion in
March.  Farm proprietors' income decreased $7.6 billion, in contrast to an increase of $7.0 billion.
Nonfarm proprietors' income increased $2.0 billion, compared with an increase of $2.3 billion.

 Transfer payments increased $13.4 billion in April, compared with an increase of $1.0 billion in
March.  Personal interest income decreased $3.1 billion, in contrast to an increase of $1.8 billion.
Personal dividend income increased $2.8 billion, compared with an increase of $1.8 billion.  Rental
income of persons increased $7.2 billion, compared with an increase of $6.5 billion.

 Personal contributions for social insurance -- a subtraction in calculating personal income --
decreased $0.1 billion in April, in contrast to an increase of $0.3 billion in March.


Personal taxes and disposable personal income

 Personal tax and nontax payments decreased $0.9 billion in April, compared with a decrease of
$1.0 billion in March.  Disposable personal income (DPI) -- personal income less personal tax and
nontax payments -- increased $23.4 billion, or 0.3 percent, in April, compared with an increase of
$34.9 billion, or 0.5 percent, in March.


Personal outlays and personal saving

 Personal outlays -- PCE, interest paid by persons, and personal transfer payments to the rest of
the world (net) -- increased $38.3 billion in April, compared with an increase of $20.3 billion in
March.  PCE increased $38.8 billion, compared with an increase of $23.5 billion.

 Personal saving -- DPI less personal outlays -- was $218.7 billion in April, compared with
$233.6 billion in March.  Personal saving as a percentage of disposable personal income was 2.8
percent in April, compared with 3.0 percent in March.


Real DPI and real PCE

 Real DPI -- DPI adjusted to remove price changes -- decreased 0.1 percent in April, in contrast
to an increase of 0.2 percent in March.

 Real PCE -- PCE adjusted to remove price changes -- increased 0.2 percent in April, compared
with an increase of less than 0.1 percent in March.  Purchases of durable goods increased 1.6
percent, compared with an increase of 0.1 percent.    Purchases of motor vehicles and parts
accounted for most of the increase in April.  Purchases of nondurable goods decreased 0.2 percent in
April, compared with a decrease of 0.3 percent in March.  Purchases of services increased less than
0.1 percent, compared with an increase of 0.2 percent.


Revisions

   Estimates have been revised for January through March.  Changes in personal income, current-
 dollar and chained (1996) dollar DPI, and current-dollar and chained (1996) dollar PCE for February
 and March -- revised and as published in last month's release -- are shown below.  Revisions for
 January to personal income and to PCE were small.  DPI was revised up $59.7 billion in January,
 which primarily reflected a downward revision of $59.5 billion to personal tax and nontax payments
 (a subtraction in calculating disposable personal income).  The revision to  personal taxes was mostly
 accounted for by a downward revision to federal  nonwithheld income taxes, reflecting newly
 available data through April from  the Monthly Treasury Statement and revised projections for the
 remainder of the calendar year.


                                                     Change from preceding month
                                            February                               March
                                Previous Revised  Previous Revised   Previous Revised  Previous Revised
                             (Billions of dollars)    (Percent)   (Billions of dollars)    (Percent)
Personal Income:
  Current dollars.........        53.2    51.9       0.6     0.6       36.7    33.9       0.4     0.4

Disposable personal income:
  Current dollars.........        52.7    52.7       0.7     0.7       36.4    34.9       0.5     0.5
  Chained (1996) dollars..        41.5    39.5       0.6     0.6       17.8    12.5       0.3     0.2

Personal consumption expenditures:
  Current dollars.........        43.8    54.1       0.6     0.8       28.8    23.5       0.4     0.3
  Chained (1996) dollars..        33.7    41.2       0.5     0.6       11.5     3.3       0.2     0.0




 BEA's major national, international, regional, and industry estimates; the Survey of Current
Business; and BEA news releases are available without charge on BEA's Web site:

                                      <www.bea.gov>

 Summary BEA estimates are available on recorded messages at the time of public release at the
following telephone numbers:

                                (202)  606-5306   Gross domestic product
                                       606-5303   Personal income and outlays
                                       606-5362   U.S. international transactions

    Most of BEA's estimates and analyses appear in the Survey of Current Business, BEA's
monthly journal.  Subscriptions and single copies of the printed Survey are for sale by the
Superintendent of Documents, U.S. Government Printing Office.  Internet: <bookstore.gpo.gov>;
phone: 202-512-1800; fax: 202-512-2250; mail: Stop SSOP, Washington, DC 20402-0001.


                              *          *          *


Next release -- Personal Income and Outlays for May will be released on
                    June 28, 2002 at 8:30 A.M. EDT.






                                   Table 1.--Personal Income and Its Disposition (Months)
                             [Billions of dollars; months seasonally adjusted at annual rates]
----------------------------------------------------------------------------------------------------------------------------
                                         Sep 01     Oct 01     Nov 01     Dec 01   Jan 02/r/  Feb 02/r/  Mar 02/r/  Apr 02/p/
----------------------------------------------------------------------------------------------------------------------------
Personal income.....................    8,771.0    8,759.6    8,757.2    8,784.8    8,830.4    8,882.3    8,916.2    8,938.7
  Wage and salary disbursements.....    5,122.0    5,110.6    5,112.8    5,136.8    5,134.8    5,154.2    5,164.1    5,168.7
    Private industries..............    4,304.8    4,289.7    4,289.8    4,311.1    4,301.0    4,316.1    4,323.3    4,326.0
      Goods-producing industries....    1,193.9    1,184.9    1,179.1    1,179.3    1,174.5    1,176.4    1,179.0    1,176.3
        Manufacturing...............      836.7      829.1      821.9      820.7      817.9      818.0      820.3      820.3
      Distributive industries.......    1,142.6    1,142.6    1,143.3    1,149.8    1,146.7    1,156.3    1,158.4    1,156.2
      Service industries............    1,968.4    1,962.2    1,967.4    1,982.0    1,979.8    1,983.3    1,985.8    1,993.5
    Government......................      817.2      820.9      822.9      825.7      833.8      838.1      840.8      842.6
  Other labor income................      556.5      557.4      558.5      559.5      564.0      567.6      571.4      574.6

  Proprietors' income with
   inventory valuation and capital
   consumption adjustments..........      748.6      743.9      739.1      739.3      749.6      760.1      769.4      763.8
    Farm............................       34.7       26.9       19.5       12.4       18.4       25.2       32.2       24.6
    Nonfarm.........................      713.9      717.0      719.6      726.9      731.2      734.9      737.2      739.2

  Rental income of persons with
   capital consumption adjustment...      145.2      146.3      147.7      149.2      153.9      160.4      166.9      174.1

  Personal dividend income..........      423.0      425.8      428.3      431.0      433.6      435.8      437.6      440.4

  Personal interest income..........      988.6      979.7      970.9      962.0      963.8      965.6      967.4      964.3

  Transfer payments to persons......    1,160.9    1,168.7    1,172.2    1,180.5    1,209.6    1,218.0    1,219.0    1,232.4
    Old-age, survivors, disability,
     and health insurance benefits..      670.8      671.7      674.6      679.2      693.1      699.2      695.3      702.6
    Government unemployment
     insurance benefits.............       24.3       24.7       25.1       25.8       26.8       26.8       27.7       30.6
    Other...........................      465.8      472.3      472.4      475.4      489.6      492.0      495.9      499.2

  Less: Personal contributions for
   social insurance.................      373.7      372.6      372.4      373.5      378.8      379.3      379.6      379.5

Less: Personal tax and nontax
 payments...........................    1,207.0    1,332.4    1,327.5    1,338.1    1,185.0    1,184.2    1,183.2    1,182.3

Equals: Disposable personal income..    7,564.0    7,427.2    7,429.6    7,446.7    7,645.4    7,698.1    7,733.0    7,756.4

Less: Personal outlays..............    7,210.6    7,418.0    7,397.5    7,404.2    7,428.2    7,479.1    7,499.4    7,537.7
  Personal consumption expenditures.    6,979.4    7,188.3    7,168.9    7,177.4    7,204.1    7,258.2    7,281.7    7,320.5
    Durable goods...................      820.4      941.2      910.4      877.9      869.9      881.9      880.3      892.9
    Nondurable goods................    2,045.5    2,051.0    2,045.9    2,063.7    2,085.5    2,099.3    2,103.9    2,120.5
    Services........................    4,113.6    4,196.1    4,212.7    4,235.8    4,248.8    4,277.1    4,297.5    4,307.1
  Interest paid by persons..........      199.2      197.7      196.7      194.9      191.7      188.5      185.2      184.9
  Personal transfer payments to the
   rest of the world (net)..........       31.9       31.9       31.9       31.9       32.4       32.4       32.4       32.4

Equals: Personal saving.............      353.4        9.2       32.1       42.5      217.2      219.0      233.6      218.7

Addenda:
  Disposable personal income:
    Total, billions of chained
     (1996) dollars\1\..............    6,928.9    6,759.8    6,768.1    6,793.5    6,965.6    7,005.1    7,017.6    7,012.4
    Per capita:
      Current dollars...............     26,384     25,879     25,862     25,898     26,565     26,725     26,822     26,876
      Chained (1996) dollars........     24,169     23,553     23,560     23,626     24,203     24,320     24,340     24,298
    Population (thousands)\2\.......    286,687    286,999    287,277    287,539    287,798    288,044    288,312    288,605

  Personal saving as a percentage
   of disposable personal income....        4.7         .1         .4         .6        2.8        2.8        3.0        2.8
----------------------------------------------------------------------------------------------------------------------------
p Preliminary.
r Revised.
1. Equals disposable personal income deflated by the implicit price deflator for
   personal consumption expenditures.
2. Population is the total population of the United States, including the Armed
   Forces overseas and the institutionalized population.  The monthly estimate
   is the average of estimates for the first of the month and the first of the
   following month; the annual estimate is the average of the monthly estimates.
   Estimates for January 1991 through June 2000 are interpolations between
   Bureau of Census population estimates for 1990 and for 2000; estimates for
   July 2000 forward are BEA extrapolations.  BEA will substitute monthly Bureau
   of Census population estimates for 1991 forward when they are released in the
   first part of 2002.



                             Table 2.--Personal Income and Its Disposition (Years and Quarters)
                            [Billions of dollars; quarters seasonally adjusted at annual rates]
----------------------------------------------------------------------------------------------------------------------------
                                           2000       2001      IV 00       I 01      II 01     III 01      IV 01    I 02/r/
----------------------------------------------------------------------------------------------------------------------------
Personal income.....................    8,319.2    8,723.5    8,519.6    8,640.2    8,714.6    8,771.8    8,767.2    8,876.3

  Wage and salary disbursements.....    4,837.2    5,098.2    4,973.2    5,049.4    5,099.8    5,123.4    5,120.0    5,151.0
    Private industries..............    4,068.8    4,292.2    4,196.6    4,260.6    4,300.2    4,311.0    4,296.9    4,313.5
      Goods-producing industries....    1,163.7    1,197.3    1,195.5    1,206.3    1,204.4    1,197.5    1,181.1    1,176.7
        Manufacturing...............      830.1      842.1      852.2      853.3      850.2      841.1      823.9      818.7
      Distributive industries.......    1,095.6    1,145.5    1,125.9    1,140.3    1,148.2    1,148.1    1,145.2    1,153.8
      Service industries............    1,809.5    1,949.4    1,875.2    1,914.0    1,947.6    1,965.4    1,970.6    1,983.0
    Government......................      768.4      806.0      776.6      788.8      799.6      812.5      823.2      837.6
  Other labor income................      534.2      553.8      544.9      549.3      552.2      555.4      558.5      567.7

  Proprietors' income with
   inventory valuation and capital
   consumption adjustments..........      715.0      743.5      725.2      735.2      745.3      752.7      740.8      759.7
    Farm............................       30.6       27.6       31.7       29.8       28.7       32.3       19.6       25.3
    Nonfarm.........................      684.4      715.9      693.5      705.4      716.6      720.5      721.2      734.4

  Rental income of persons with
   capital consumption adjustment...      141.6      142.6      141.7      139.6      139.0      144.0      147.7      160.4

  Personal dividend income..........      379.2      416.3      396.6      404.8      411.9      420.0      428.4      435.7

  Personal interest income..........    1,000.6      993.6    1,013.1    1,010.9    1,001.0      991.5      970.9      965.6

  Transfer payments to persons......    1,069.1    1,148.8    1,089.0    1,123.1    1,139.4    1,159.0    1,173.8    1,215.5
    Old-age, survivors, disability,
     and health insurance benefits..      617.3      664.4      626.5      651.4      660.1      670.8      675.2      695.9
    Government unemployment
     insurance benefits.............       20.3       23.7       22.1       22.7       23.1       23.9       25.2       27.1
    Other...........................      431.5      460.7      432.8      440.6      456.2      464.3      473.4      492.5

  Less: Personal contributions for
   social insurance.................      357.7      373.3      364.1      372.1      374.0      374.2      372.8      379.2

Less: Personal tax and nontax
 payments...........................    1,288.2    1,306.2    1,329.8    1,345.2    1,351.4    1,195.5    1,332.7    1,184.2

Equals: Disposable personal income..    7,031.0    7,417.3    7,189.8    7,295.0    7,363.2    7,576.4    7,434.5    7,692.2

Less: Personal outlays..............    6,963.3    7,298.9    7,115.1    7,216.2    7,281.7    7,291.0    7,406.6    7,468.9
  Personal consumption expenditures.    6,728.4    7,064.5    6,871.4    6,977.6    7,044.6    7,057.6    7,178.2    7,248.0
    Durable goods...................      819.6      858.3      818.7      838.1      844.7      840.6      909.8      877.3
    Nondurable goods................    1,989.6    2,055.1    2,025.1    2,047.1    2,062.3    2,057.5    2,053.5    2,096.2
    Services........................    3,919.2    4,151.1    4,027.5    4,092.4    4,137.6    4,159.4    4,214.9    4,274.5
  Interest paid by persons..........      205.3      203.2      212.9      208.5      206.3      201.5      196.4      188.5
  Personal transfer payments to the
   rest of the world (net)..........       29.6       31.2       30.8       30.1       30.8       31.9       31.9       32.4

Equals: Personal saving.............       67.7      118.4       74.7       78.8       81.5      285.3       27.9      223.3

Addenda:
  Disposable personal income:
    Total, billions of chained
     (1996) dollars\1\..............    6,539.2    6,772.4    6,634.9    6,679.0    6,719.2    6,917.5    6,773.8    6,996.1
    Per capita:
      Current dollars...............     24,889     25,943     25,331     25,634     25,798     26,457     25,880     26,704
      Chained (1996) dollars........     23,148     23,687     23,376     23,470     23,541     24,157     23,580     24,288
    Population (thousands)\2\.......    282,489    285,908    283,838    284,582    285,418    286,360    287,272    288,051

  Personal saving as a percentage
   of disposable personal income....        1.0        1.6        1.0        1.1        1.1        3.8         .4        2.9
----------------------------------------------------------------------------------------------------------------------------
r Revised.
1. Equals disposable personal income deflated by the implicit price deflator for
   personal consumption expenditures.
2. Population is the total population of the United States, including the Armed
   Forces overseas and the institutionalized population.  The quarterly and
   annual estimates are averages of monthly population estimates.



                    Table 3.--Personal Income and Its Disposition, Change from Preceding Period (Months)
                             [Billions of dollars; months seasonally adjusted at annual rates]
----------------------------------------------------------------------------------------------------------------------------
                                         Sep 01     Oct 01     Nov 01     Dec 01   Jan 02/r/  Feb 02/r/  Mar 02/r/  Apr 02/p/
----------------------------------------------------------------------------------------------------------------------------
Personal income.....................       -4.9      -11.4       -2.4       27.6       45.6       51.9       33.9       22.5

  Wage and salary disbursements.....       -1.8      -11.4        2.2       24.0       -2.0       19.4        9.9        4.6
    Private industries..............       -7.1      -15.1         .1       21.3      -10.1       15.1        7.2        2.7
      Goods-producing industries....       -3.3       -9.0       -5.8         .2       -4.8        1.9        2.6       -2.7
        Manufacturing...............       -4.3       -7.6       -7.2       -1.2       -2.8         .1        2.3         .0
      Distributive industries.......       -6.9         .0         .7        6.5       -3.1        9.6        2.1       -2.2
      Service industries............        3.2       -6.2        5.2       14.6       -2.2        3.5        2.5        7.7
    Government......................        5.3        3.7        2.0        2.8        8.1        4.3        2.7        1.8
  Other labor income................        1.2         .9        1.1        1.0        4.5        3.6        3.8        3.2

  Proprietors' income with
   inventory valuation and capital
   consumption adjustments..........       -9.1       -4.7       -4.8         .2       10.3       10.5        9.3       -5.6
    Farm............................        2.3       -7.8       -7.4       -7.1        6.0        6.8        7.0       -7.6
    Nonfarm.........................      -11.5        3.1        2.6        7.3        4.3        3.7        2.3        2.0

  Rental income of persons with
   capital consumption adjustment...         .8        1.1        1.4        1.5        4.7        6.5        6.5        7.2

  Personal dividend income..........        2.9        2.8        2.5        2.7        2.6        2.2        1.8        2.8

  Personal interest income..........       -2.9       -8.9       -8.8       -8.9        1.8        1.8        1.8       -3.1

  Transfer payments to persons......        3.6        7.8        3.5        8.3       29.1        8.4        1.0       13.4
    Old-age, survivors, disability,
     and health insurance benefits..        1.6         .9        2.9        4.6       13.9        6.1       -3.9        7.3
    Government unemployment
     insurance benefits.............         .3         .4         .4         .7        1.0         .0         .9        2.9
   Other............................        1.6        6.5         .1        3.0       14.2        2.4        3.9        3.3

  Less: Personal contributions for
   social insurance.................        -.5       -1.1        -.2        1.1        5.3         .5         .3        -.1

Less: Personal tax and nontax
 payments...........................       86.5      125.4       -4.9       10.6     -153.1        -.8       -1.0        -.9

Equals: Disposable personal income..      -91.4     -136.8        2.4       17.1      198.7       52.7       34.9       23.4

Less: Personal outlays..............     -122.5      207.4      -20.5        6.7       24.0       50.9       20.3       38.3
  Personal consumption expenditures.     -120.3      208.9      -19.4        8.5       26.7       54.1       23.5       38.8
    Durable goods...................      -28.1      120.8      -30.8      -32.5       -8.0       12.0       -1.6       12.6
    Nondurable goods................      -18.3        5.5       -5.1       17.8       21.8       13.8        4.6       16.6
    Services........................      -73.8       82.5       16.6       23.1       13.0       28.3       20.4        9.6
  Interest paid by persons..........       -2.3       -1.5       -1.0       -1.8       -3.2       -3.2       -3.3        -.3
  Personal transfer payments to the
   rest of the world (net)..........         .0         .0         .0         .0         .5         .0         .0         .0

Equals: Personal saving.............       31.1     -344.2       22.9       10.4      174.7        1.8       14.6      -14.9

Addendum:
  Disposable personal income:
   Chained (1996) dollars\1\........      -49.7     -169.1        8.3       25.4      172.1       39.5       12.5       -5.2
----------------------------------------------------------------------------------------------------------------------------
p Preliminary.
r Revised.
1. Equals disposable personal income deflated by the implicit price
   deflator for personal consumption expenditures.



              Table 4.--Personal Income and Its Disposition, Change from Preceding Period (Years and Quarters)
                            [Billions of dollars; quarters seasonally adjusted at annual rates]
----------------------------------------------------------------------------------------------------------------------------
                                           2000       2001      IV 00       I 01      II 01     III 01      IV 01    I 02/r/
----------------------------------------------------------------------------------------------------------------------------
Personal income.....................      541.9      404.3      138.1      120.6       74.4       57.2       -4.6      109.1
  Wage and salary disbursements.....      365.0      261.0       97.4       76.2       50.4       23.6       -3.4       31.0
    Private industries..............      320.9      223.4       93.4       64.0       39.6       10.8      -14.1       16.6
      Goods-producing industries....       75.0       33.6       22.3       10.8       -1.9       -6.9      -16.4       -4.4
        Manufacturing...............       48.1       12.0       14.2        1.1       -3.1       -9.1      -17.2       -5.2
      Distributive industries.......       74.6       49.9       23.5       14.4        7.9        -.1       -2.9        8.6
      Service industries............      171.3      139.9       47.6       38.8       33.6       17.8        5.2       12.4
    Government......................       44.1       37.6        4.0       12.2       10.8       12.9       10.7       14.4
  Other labor income................       24.5       19.6        7.0        4.4        2.9        3.2        3.1        9.2

  Proprietors' income with
   inventory valuation and capital
   consumption adjustments..........       43.0       28.5        5.9       10.0       10.1        7.4      -11.9       18.9
    Farm............................        4.0       -3.0         .1       -1.9       -1.1        3.6      -12.7        5.7
    Nonfarm.........................       39.0       31.5        5.9       11.9       11.2        3.9         .7       13.2

  Rental income of persons with
   capital consumption adjustment...       -6.1        1.0        3.4       -2.1        -.6        5.0        3.7       12.7

  Personal dividend income..........       36.1       37.1       10.8        8.2        7.1        8.1        8.4        7.3

  Personal interest income..........       50.6       -7.0        3.9       -2.2       -9.9       -9.5      -20.6       -5.3

  Transfer payments to persons......       49.5       79.7       14.4       34.1       16.3       19.6       14.8       41.7
    Old-age, survivors, disability,
     and health insurance benefits..       29.3       47.1        5.6       24.9        8.7       10.7        4.4       20.7
    Government unemployment
     insurance benefits.............         .0        3.4        2.0         .6         .4         .8        1.3        1.9
   Other............................       20.3       29.2        5.7        7.8       15.6        8.1        9.1       19.1

  Less: Personal contributions for
   social insurance.................       20.6       15.6        4.7        8.0        1.9         .2       -1.4        6.4

Less: Personal tax and nontax
 payments...........................      129.0       18.0       29.6       15.4        6.2     -155.9      137.2     -148.5

Equals: Disposable personal income..      413.0      386.3      108.5      105.2       68.2      213.2     -141.9      257.7

Less: Personal outlays..............      506.1      335.6       88.2      101.1       65.5        9.3      115.6       62.3
  Personal consumption expenditures.      478.2      336.1       85.9      106.2       67.0       13.0      120.6       69.8
    Durable goods...................       58.7       38.7       -6.7       19.4        6.6       -4.1       69.2      -32.5
    Nondurable goods................      158.3       65.5       12.7       22.0       15.2       -4.8       -4.0       42.7
    Services........................      261.2      231.9       79.8       64.9       45.2       21.8       55.5       59.6
  Interest paid by persons..........       25.6       -2.1        1.6       -4.4       -2.2       -4.8       -5.1       -7.9
  Personal transfer payments to the
   rest of the world (net)..........        2.4        1.6         .7        -.7         .7        1.1         .0         .5

Equals: Personal saving.............      -93.2       50.7       20.2        4.1        2.7      203.8     -257.4      195.4

Addendum:
  Disposable personal income:
   Chained (1996) dollars\1\........      219.2      233.2       68.4       44.1       40.2      198.3     -143.7      222.3
----------------------------------------------------------------------------------------------------------------------------
r Revised.
1. Equals disposable personal income deflated by the implicit price
   deflator for personal consumption expenditures.



                Table 5.--Personal Income and Its Disposition, Percent Change from Preceding Period (Months)
                                   [Percent; months seasonally adjusted at monthly rates]
----------------------------------------------------------------------------------------------------------------------------
                                         Sep 01     Oct 01     Nov 01     Dec 01   Jan 02/r/  Feb 02/r/  Mar 02/r/  Apr 02/p/
----------------------------------------------------------------------------------------------------------------------------
Personal income.....................        -.1        -.1         .0         .3         .5         .6         .4         .3
  Wage and salary disbursements.....         .0        -.2         .0         .5         .0         .4         .2         .1
  Other labor income................         .2         .2         .2         .2         .8         .6         .7         .6
  Proprietors' income with
   inventory valuation and capital
   consumption adjustments..........       -1.2        -.6        -.6         .0        1.4        1.4        1.2        -.7
  Rental income of persons with
   capital consumption adjustment...         .6         .7        1.0        1.0        3.2        4.2        4.0        4.4
  Personal dividend income..........         .7         .6         .6         .6         .6         .5         .4         .6
  Personal interest income..........        -.3        -.9        -.9        -.9         .2         .2         .2        -.3
  Transfer payments to persons......         .3         .7         .3         .7        2.5         .7         .1        1.1
  Less: Personal contributions for
   social insurance.................        -.1        -.3        -.1         .3        1.4         .1         .1         .0

Less: Personal tax and nontax
 payments...........................        7.7       10.4        -.4         .8      -11.4        -.1        -.1        -.1

Equals: Disposable personal income..       -1.2       -1.8         .0         .2        2.7         .7         .5         .3

Addenda:
  Personal consumption expenditures.       -1.7        3.0        -.3         .1         .4         .8         .3         .5
    Durable goods...................       -3.3       14.7       -3.3       -3.6        -.9        1.4        -.2        1.4
    Nondurable goods................        -.9         .3        -.3         .9        1.1         .7         .2         .8
    Services........................       -1.8        2.0         .4         .5         .3         .7         .5         .2

  Disposable personal income, based
   on chained (1996) dollars........        -.7       -2.4         .1         .4        2.5         .6         .2        -.1
----------------------------------------------------------------------------------------------------------------------------
p Preliminary.
r Revised.



          Table 6.--Personal Income and Its Disposition, Percent Change from Preceding Period (Years and Quarters)
                                  [Percent; quarters seasonally adjusted at annual rates]
----------------------------------------------------------------------------------------------------------------------------
                                           2000       2001      IV 00       I 01      II 01     III 01      IV 01    I 02/r/
----------------------------------------------------------------------------------------------------------------------------
Personal income.....................        7.0        4.9        6.8        5.8        3.5        2.7        -.2        5.1
  Wage and salary disbursements.....        8.2        5.4        8.2        6.3        4.0        1.9        -.3        2.4
  Other labor income................        4.8        3.7        5.3        3.2        2.2        2.3        2.2        6.8
  Proprietors' income with
   inventory valuation and capital
   consumption adjustments..........        6.4        4.0        3.3        5.6        5.6        4.0       -6.2       10.6
  Rental income of persons with
   capital consumption adjustment...       -4.1         .7       10.2       -5.8       -1.8       15.1       10.8       39.0
  Personal dividend income..........       10.5        9.8       11.7        8.5        7.2        8.1        8.2        7.0
  Personal interest income..........        5.3        -.7        1.6        -.9       -3.8       -3.8       -8.1       -2.2
  Transfer payments to persons......        4.9        7.5        5.5       13.1        5.9        7.1        5.2       15.0
  Less: Personal contributions for
   social insurance.................        6.1        4.4        5.3        9.0        2.1         .3       -1.5        7.1

Less: Personal tax and nontax
 payments...........................       11.1        1.4        9.4        4.7        1.9      -38.8       54.4      -37.7

Equals: Disposable personal income..        6.2        5.5        6.3        6.0        3.8       12.1       -7.3       14.6

Addenda:
  Personal consumption expenditures.        7.7        5.0        5.2        6.3        3.9         .7        7.0        3.9
    Durable goods...................        7.7        4.7       -3.2        9.8        3.2       -1.9       37.2      -13.5
    Nondurable goods................        8.6        3.3        2.6        4.4        3.0        -.9        -.8        8.6
    Services........................        7.1        5.9        8.3        6.6        4.5        2.1        5.4        5.8

  Disposable personal income, based
   on chained (1996) dollars........        3.5        3.6        4.2        2.7        2.4       12.3       -8.1       13.8
----------------------------------------------------------------------------------------------------------------------------
r Revised.



                     Table 7.--Real Personal Consumption Expenditures by Major Type of Product (Months)
                                [Months seasonally adjusted at annual rates except as noted]
----------------------------------------------------------------------------------------------------------------------------
                                         Sep 01     Oct 01     Nov 01     Dec 01   Jan 02/r/  Feb 02/r/  Mar 02/r/  Apr 02/p/
----------------------------------------------------------------------------------------------------------------------------
                                    ----------------------------------------------------------------------------------------
                                                               Billions of chained (1996) dollars
                                    ----------------------------------------------------------------------------------------
Personal consumption expenditures...    6,393.4    6,542.4    6,530.6    6,547.8    6,563.6    6,604.8    6,608.1    6,618.3
  Durable goods.....................      921.5    1,056.8    1,021.9      986.3      981.3    1,003.1    1,004.0    1,020.0
  Nondurable goods..................    1,859.2    1,878.1    1,886.2    1,916.6    1,931.1    1,935.6    1,928.9    1,925.5
  Services..........................    3,628.6    3,647.7    3,655.7    3,671.1    3,676.0    3,694.4    3,703.0    3,703.9
                                    ----------------------------------------------------------------------------------------
                                                                Change from preceding period in
                                                               billions of chained (1996) dollars
                                    ----------------------------------------------------------------------------------------
Personal consumption expenditures...      -78.5      149.0      -11.8       17.2       15.8       41.2        3.3       10.2
  Durable goods.....................      -27.8      135.3      -34.9      -35.6       -5.0       21.8         .9       16.0
  Nondurable goods..................      -37.2       18.9        8.1       30.4       14.5        4.5       -6.7       -3.4
  Services..........................      -17.9       19.1        8.0       15.4        4.9       18.4        8.6         .9
                                    ----------------------------------------------------------------------------------------
                                                            Percent change from preceding period in
                                                            chained (1996) dollars at monthly rates
                                    ----------------------------------------------------------------------------------------
Personal consumption expenditures...       -1.2        2.3        -.2         .3         .2         .6         .0         .2
  Durable goods.....................       -2.9       14.7       -3.3       -3.5        -.5        2.2         .1        1.6
  Nondurable goods..................       -2.0        1.0         .4        1.6         .8         .2        -.3        -.2
  Services..........................        -.5         .5         .2         .4         .1         .5         .2         .0
----------------------------------------------------------------------------------------------------------------------------
p Preliminary.
r Revised.



               Table 8.--Real Personal Consumption Expenditures by Major Type of Product (Years and Quarters)
                                       [Quarters seasonally adjusted at annual rates]
----------------------------------------------------------------------------------------------------------------------------
                                           2000       2001      IV 00       I 01      II 01     III 01      IV 01    I 02/r/
----------------------------------------------------------------------------------------------------------------------------
                                    ----------------------------------------------------------------------------------------
                                                               Billions of chained (1996) dollars
                                    ----------------------------------------------------------------------------------------
Personal consumption expenditures...    6,257.8    6,450.3    6,341.1    6,388.5    6,428.4    6,443.9    6,540.3    6,592.1
  Durable goods.....................      895.5      955.6      899.4      922.4      938.1      940.2    1,021.7      996.1
  Nondurable goods..................    1,849.9    1,883.3    1,866.8    1,878.0    1,879.4    1,882.0    1,893.6    1,931.9
  Services..........................    3,527.7    3,633.4    3,588.8    3,605.1    3,629.8    3,640.4    3,658.2    3,691.1
                                    ----------------------------------------------------------------------------------------
                                                                Change from preceding period in
                                                               billions of chained (1996) dollars
                                    ----------------------------------------------------------------------------------------
Personal consumption expenditures...      289.4      192.5       49.0       47.4       39.9       15.5       96.4       51.8
  Durable goods.....................       77.7       60.1       -4.7       23.0       15.7        2.1       81.5      -25.6
  Nondurable goods..................       83.5       33.4        2.7       11.2        1.4        2.6       11.6       38.3
  Services..........................      134.5      105.7       48.6       16.3       24.7       10.6       17.8       32.9
                                    ----------------------------------------------------------------------------------------
                                                            Percent change from preceding period in
                                                             chained (1996) dollars at annual rates
                                    ----------------------------------------------------------------------------------------
Personal consumption expenditures...        4.8        3.1        3.1        3.0        2.5        1.0        6.1        3.2
  Durable goods.....................        9.5        6.7       -2.1       10.6        7.0         .9       39.4       -9.6
  Nondurable goods..................        4.7        1.8         .6        2.4         .3         .6        2.5        8.3
  Services..........................        4.0        3.0        5.6        1.8        2.8        1.2        2.0        3.7
----------------------------------------------------------------------------------------------------------------------------
r Revised.



   Table 9.--Price Indexes for Personal Consumption Expenditures: Level and Percent Change From Preceding Period (Months)
----------------------------------------------------------------------------------------------------------------------------
                                         Sep 01     Oct 01     Nov 01     Dec 01   Jan 02/r/  Feb 02/r/  Mar 02/r/  Apr 02/p/
----------------------------------------------------------------------------------------------------------------------------
                                    ----------------------------------------------------------------------------------------
                                                              Chain-type price indexes (1996=100),
                                                                      seasonally adjusted
                                    ----------------------------------------------------------------------------------------
Personal consumption expenditures...     109.17     109.88     109.78     109.62     109.77     109.90     110.20     110.62
  Durable goods.....................      89.04      89.07      89.09      89.01      88.64      87.91      87.67      87.53
  Nondurable goods..................     110.02     109.21     108.47     107.67     108.00     108.46     109.08     110.14
  Services..........................     113.38     115.05     115.25     115.39     115.59     115.79     116.07     116.30
Addendum:
  Personal consumption expenditures
   less food and energy.............     108.08     109.25     109.44     109.43     109.49     109.64     109.77     110.00
                                    ----------------------------------------------------------------------------------------
                                                              Percent change from preceding period
                                                               in price indexes at monthly rates
                                    ----------------------------------------------------------------------------------------
Personal consumption expenditures...        -.5         .6        -.1        -.1         .1         .1         .3         .4
  Durable goods.....................        -.4         .0         .0        -.1        -.4        -.8        -.3        -.2
  Nondurable goods..................        1.1        -.7        -.7        -.7         .3         .4         .6        1.0
  Services..........................       -1.3        1.5         .2         .1         .2         .2         .2         .2
Addendum:
  Personal consumption expenditures
   less food and energy.............        -.8        1.1         .2         .0         .1         .1         .1         .2
----------------------------------------------------------------------------------------------------------------------------
p Preliminary.
r Revised.



              Table 10.--Percent Change From Month One Year Ago in Chained (1996) Dollars for Selected Series
----------------------------------------------------------------------------------------------------------------------------
                                         Sep 01     Oct 01     Nov 01     Dec 01   Jan 02/r/  Feb 02/r/  Mar 02/r/  Apr 02/p/
----------------------------------------------------------------------------------------------------------------------------
Disposable personal income..........        5.3        2.2        2.1        1.9        4.6        5.0        4.7        4.5

Personal consumption expenditures...        1.1        3.5        3.0        3.0        2.9        3.5        3.2        3.2
  Durable goods.....................        -.2       16.6       13.6       10.5        7.5        7.9        8.5        9.7
  Nondurable goods..................        -.5         .5        1.2        2.6        2.1        3.2        3.3        2.6
  Services..........................        2.1        2.3        1.8        1.7        2.3        2.7        2.2        2.3
----------------------------------------------------------------------------------------------------------------------------
p Preliminary.
r Revised.



    Table 11.--Percent Change From Month One Year Ago in Chain-Type Price Indexes for Personal Consumption Expenditures
----------------------------------------------------------------------------------------------------------------------------
                                         Sep 01     Oct 01     Nov 01     Dec 01   Jan 02/r/  Feb 02/r/  Mar 02/r/  Apr 02/p/
----------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures...        1.0        1.5        1.3        1.1         .6         .5         .8        1.0
  Durable goods.....................       -2.4       -2.1       -2.1       -2.2       -2.8       -3.2       -3.2       -3.1
  Nondurable goods..................        1.4         .7        -.1        -.7        -.7        -.7         .0         .6
  Services..........................        1.5        2.7        2.7        2.6        2.0        2.0        2.1        2.1
Addendum:
  Personal consumption expenditures
   less food and energy.............         .6        1.6        1.6        1.6        1.2        1.1        1.2        1.3
----------------------------------------------------------------------------------------------------------------------------
p Preliminary.
r Revised.