News Release

FOR WIRE TRANSMISSION: 8:30 A.M. EDT, FRIDAY, AUGUST 2, 2002
BEA 02-24

Personal Income, June 2002 and revised January 1999 through May 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 02-24
Greg Key:                    606-5302  (Personal Outlays)
Recorded message:            606-5303

Kurt Kunze:                  606-9748  (Annual Revision)

                            PERSONAL INCOME AND OUTLAYS:  JUNE 2002
                           REVISED ESTIMATES:  1999 THROUGH MAY 2002

 Personal income increased $57.0 billion, or 0.6 percent, and disposable personal income (DPI)
increased $55.0 billion, or 0.7 percent, in June, according to the Bureau of Economic Analysis.
Personal consumption expenditures (PCE) increased $35.6 billion, or 0.5 percent.  In May, personal
income increased $39.4 billion, or 0.4 percent, DPI increased $40.9 billion, or 0.5 percent, and PCE
decreased $2.3 billion, or less than 0.1 percent, based on revised estimates.

                                                                        2002
                                                 Feb.        Mar.        Apr.        May        June
                                                        (Percent change from preceding month)
Personal income, current dollars                 0.5         0.3         0.4         0.4         0.6

Disposable personal income:
 Current dollars                                 0.6         0.4         0.5         0.5         0.7
 Chained (1996) dollars                          0.4         0.1         0.1         0.6         0.6

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



       The estimates released today reflect revisions in the national income and product accounts
beginning with January 1999.  Revisions are usually made each July to incorporate source data that
are more complete, more detailed, and otherwise more consistent than previously available.  This
release includes revised monthly personal income, disposable personal income, and outlays and
provides an overview of the effects of the revision.  The August 2002 Survey of Current Business will
contain national income and product accounts tables and an article describing the revisions.  The
revised estimates will be available from BEA's Web site at <www.bea.gov>.



Wages and salaries

 Private wage and salary disbursements increased $29.6 billion in June, compared with an
increase of $16.9 billion in May.  Goods-producing industries' payrolls increased $4.5 billion,
compared with an increase of $1.0 billion; manufacturing payrolls increased $2.7 billion, compared
with an increase of $1.6 billion.  Distributive industries' payrolls increased $5.1 billion, compared
with an increase of $6.3 billion.  Service industries' payrolls increased $20.1 billion, compared with
an increase of $9.6 billion.  Government wage and salary disbursements increased $2.8 billion,
compared with an increase of $2.4 billion.


Other personal income

 Proprietors' income decreased less than $0.1 billion in June, compared with a decrease of $4.1
billion in May.  Farm proprietors' income decreased $1.5 billion, compared with a decrease of $8.3
billion.  Nonfarm proprietors' income increased $1.5 billion, compared with an increase of $4.2
billion.

 Transfer payments increased $6.2 billion in June, compared with an increase of $5.3 billion in
May.  Personal interest income increased $8.0 billion, compared with an increase of $8.1 billion.
Personal dividend income increased $2.4 billion, compared with an increase of $2.3 billion.  Rental
income of persons increased $5.8 billion in June, the same increase as in May.

 Personal contributions for social insurance -- a subtraction in calculating personal income --
increased $2.3 billion in June, compared with an increase of $1.4 billion in May.


Personal taxes and disposable personal income

 Personal tax and nontax payments increased $2.0 billion in June, in contrast to a decrease of
$1.5 billion in May.  Disposable personal income (DPI) -- personal income less personal tax and
nontax payments -- increased $55.0 billion, or 0.7 percent, in June, compared with an increase of
$40.9 billion, or 0.5 percent, in May.


Personal outlays and personal saving

 Personal outlays -- PCE, interest paid by persons, and personal transfer payments to the rest of
the world (net) -- increased $40.3 billion in June, compared with an increase of $2.5 billion in May.
PCE increased $35.6 billion, in contrast to a decrease of $2.3 billion.

 Personal saving -- DPI less personal outlays -- was $330.5 billion in June, compared with
$315.8 billion in May.  Personal saving as a percentage of disposable personal income was 4.2
percent in June, compared with 4.1 percent in May.


Real DPI and real PCE

 Real DPI -- DPI adjusted to remove price changes -- increased 0.6 percent in June, the same
increase as in May.

 Real PCE -- PCE adjusted to remove price changes -- increased 0.4 percent in June, in contrast
to a decrease of less than 0.1 percent in May.  Purchases of durable goods increased 1.9 percent, in
contrast to a decrease of 2.6 percent.  Purchases of motor vehicles and parts accounted for most of
the increase in June and most of the decrease in May.  Purchases of nondurable goods increased 0.3
percent in June, compared with an increase of 0.1 percent in May.  Purchases of services increased
0.2 percent, compared with an increase of 0.5 percent.


                     Revision of the Personal Income and Outlays Estimates

 Personal income, personal outlays, DPI, and personal saving are revised beginning with January
1999 to reflect the results of the annual revision in the national income and product accounts (NIPA's)
released this week.  The NIPA's usually are revised each July to incorporate newly available and more
comprehensive source data, as well as improved estimating methodologies.

 Annual revisions to the estimates of personal income and outlays, which begin with 1999, 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, real PCE, and the PCE implicit price deflator are
shown in table 13; revised and previously published annual and quarterly estimates are shown in table
14.

 Personal income was revised up $9.2 billion for 1999, was revised up $87.4 billion for 2000, and
was revised down $38.2 billion for 2001.  For 1999, upward revisions to personal interest income and to
nonfarm proprietors' income were partly offset by a downward revision to personal dividend income.
For 2000, upward revisions to personal interest income, to other labor income, to nonfarm proprietors'
income, and to rental income of persons were partly offset by a downward revision to farm proprietors'
income.  For 2001, downward revisions to wage and salary disbursements, to proprietors' income, to
personal dividend income, and to rental income of persons were partly offset by upward revisions to
personal interest income, to transfer payments to persons, and to other labor income.  The large
downward revision to wage and salary disbursements for 2001 reflected the incorporation of newly
available Bureau of Labor Statistics tabulations of wages and salaries of employees covered by state
unemployment insurance.

 Personal tax and nontax payments was revised down for all 3 years:  $0.1 billion for 1999, $1.8
billion for 2000, and $14.1 billion for 2001.  DPI was revised up $9.4 billion for 1999, was revised up
$89.2 billion for 2000, and was revised down $24.1 billion for 2001.  The percent change from the
preceding year in real DPI was revised up from 2.5 percent to 2.6 percent for 1999, was revised up from
3.5 percent to 4.8 percent for 2000, and was revised down from 3.6 percent to 1.8 percent for 2001.

 Personal outlays was revised down for all 3 years:  $3.9 billion for 1999, $44.7 billion for 2000,
and $75.4 billion for 2001.  Downward revisions to PCE accounted for most of the revisions to personal
outlays.

 Personal saving as a percentage of DPI was revised up from 2.4 percent to 2.6 percent for 1999,
was revised up from 1.0 percent to 2.8 percent for 2000, and was revised up from 1.6 percent to 2.3
percent for 2001.



                  New Methodology and Revision Schedule for Wages and Salaries

 A new revision schedule for wages and salaries and related income-side components will
permit the incorporation of the most recently available wage and salary tabulations of employees
covered by state unemployment insurance from the Bureau of Labor Statistics (BLS).  When final
estimates of GDP for the current quarter are released (in September, December, March, and June),
BLS wage and salary tabulations of employees covered by state unemployment insurance are
available for the previous quarter.  Therefore, for these releases, BEA will usually publish revised
estimates for wages and salaries and affected income-side aggregates for the current quarter, the
previous quarter, and the associated months.  (The revision schedule will be contingent upon the
availability of source data and may be adjusted for annual and comprehensive revisions.)  GDP
and its components will continue to be revised only for the current quarter.

 Underlying this change is an improved method for estimating quarterly wages and salaries
that incorporates the seasonally adjusted quarterly BLS tabulations of wages and salaries of
employees covered by state unemployment insurance.  Previously, only the annual estimates
reflected data from this source; the monthly and quarterly estimates of wages and salaries were
based on employment, hours, and average hourly earnings from the establishment survey of the
BLS current employment statistics, which is a less comprehensive data source.  Preliminary
monthly estimates will continue to be based on employment, hours, and average earnings from the
BLS current employment statistics survey.


 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 July will be released on
                           August 30, 2002, at 8:30 A.M. EDT.


                                                   Table 1.--Personal Income and Its Disposition (Months)
                                             [Billions of dollars; months seasonally adjusted at annual rates]
------------------------------------------------------------------------------------------------------------------------------------------------------------
                                      Dec 98  Jan 99  Feb 99  Mar 99  Apr 99  May 99  Jun 99  Jul 99  Aug 99  Sep 99  Oct 99  Nov 99  Dec 99  Jan 00  Feb 00
------------------------------------------------------------------------------------------------------------------------------------------------------------
Personal income..................... 7,597.2 7,637.2 7,655.8 7,674.6 7,691.7 7,721.5 7,753.4 7,773.4 7,819.5 7,830.2 7,898.0 7,955.1 8,027.6 8,149.6 8,208.8

  Wage and salary disbursements..... 4,321.5 4,368.0 4,397.8 4,403.7 4,409.2 4,430.6 4,440.8 4,463.8 4,489.7 4,509.2 4,539.3 4,571.7 4,621.5 4,728.2 4,756.9
    Private industries.............. 3,615.0 3,657.0 3,683.7 3,688.9 3,692.0 3,712.0 3,718.8 3,739.1 3,762.0 3,778.4 3,805.6 3,835.0 3,882.8 3,975.9 4,001.6
      Goods-producing industries.... 1,062.6 1,068.8 1,075.9 1,076.8 1,074.6 1,079.2 1,080.8 1,088.4 1,090.6 1,098.5 1,099.2 1,108.5 1,121.9 1,159.3 1,167.9
        Manufacturing...............   765.7   770.7   773.4   775.1   771.6   776.2   776.7   783.3   785.5   789.9   786.4   792.0   802.9   834.0   842.0
      Distributive industries.......   978.7   992.6 1,003.6 1,002.9 1,006.2 1,010.2 1,013.3 1,017.2 1,025.9 1,026.2 1,040.4 1,047.7 1,062.9 1,073.3 1,075.4
      Service industries............ 1,573.7 1,595.6 1,604.3 1,609.3 1,611.2 1,622.6 1,624.6 1,633.5 1,645.5 1,653.7 1,665.9 1,678.8 1,697.9 1,743.4 1,758.2
    Government......................   706.6   711.0   714.1   714.8   717.2   718.6   722.0   724.7   727.7   730.8   733.7   736.7   738.8   752.2   755.3

  Other labor income................   499.3   501.4   502.7   503.8   505.6   507.2   509.0   510.7   512.6   514.6   516.2   518.2   520.6   527.1   530.6

  Proprietors' income with
   inventory valuation and capital
   consumption adjustments..........   649.6   655.2   658.0   664.6   671.4   670.1   681.1   680.5   687.4   680.3   689.0   699.5   703.7   694.4   699.4
    Farm............................    28.2    29.6    30.2    30.5    30.3    29.8    28.9    26.5    25.6    25.1    25.9    25.5    24.8    22.5    22.1
    Nonfarm.........................   621.4   625.6   627.8   634.1   641.0   640.2   652.3   654.0   661.8   655.2   663.1   674.1   678.9   671.9   677.3

  Rental income of persons with
   capital consumption adjustment...   147.2   148.5   148.9   149.3   149.5   149.9   150.2   150.3   150.5   136.7   151.3   152.3   152.3   152.3   151.6

  Personal dividend income..........   345.5   336.3   331.3   327.5   324.8   323.1   322.2   322.5   323.7   325.8   328.8   332.8   337.8   344.1   350.9

  Personal interest income..........   966.8   954.3   944.4   947.6   954.0   960.8   967.6   965.9   971.0   977.6   986.5   995.5 1,005.5 1,015.9 1,028.2

  Transfer payments to persons......   990.9 1,004.4 1,005.8 1,011.7 1,011.2 1,015.1 1,018.3 1,017.0 1,023.4 1,025.8 1,028.5 1,028.2 1,032.2 1,041.2 1,045.6
    Old-age, survivors, disability,
     and health insurance benefits..   578.2   583.8   584.0   585.6   586.4   586.4   587.2   587.8   589.2   590.0   592.3   590.0   593.5   600.0   602.1
    Government unemployment
     insurance benefits.............    20.0    20.3    20.2    20.9    19.5    21.1    21.2    18.8    20.9    20.4    20.0    20.6    19.5    20.4    20.8
    Other...........................   392.8   400.4   401.6   405.2   405.3   407.6   409.9   410.4   413.4   415.5   416.2   417.7   419.2   420.8   422.7

  Less: Personal contributions for
   social insurance.................   323.7   330.8   333.0   333.5   333.9   335.4   335.9   337.3   338.8   339.8   341.6   343.2   345.9   353.4   354.5

Less: Personal tax and nontax
 payments........................... 1,118.5 1,117.7 1,129.4 1,129.6 1,130.9 1,142.9 1,152.3 1,162.6 1,158.1 1,180.8 1,189.3 1,200.3 1,215.8 1,244.8 1,258.2

Equals: Disposable personal income.. 6,478.7 6,519.5 6,526.4 6,545.0 6,560.8 6,578.6 6,601.1 6,610.7 6,661.4 6,649.4 6,708.6 6,754.8 6,811.9 6,904.8 6,950.6

Less: Personal outlays.............. 6,226.7 6,235.3 6,275.1 6,318.8 6,380.1 6,388.0 6,432.8 6,469.5 6,508.6 6,543.4 6,582.3 6,602.1 6,703.9 6,708.1 6,782.5

  Personal consumption expenditures. 6,027.1 6,035.9 6,075.5 6,118.3 6,176.5 6,183.3 6,227.0 6,263.3 6,301.0 6,334.1 6,369.9 6,387.2 6,486.3 6,487.0 6,558.7
    Durable goods...................   738.5   709.7   731.9   744.5   754.5   735.4   759.7   761.1   765.2   769.0   771.2   770.7   797.6   803.9   814.5
    Nondurable goods................ 1,755.5 1,763.0 1,776.1 1,780.2 1,807.8 1,816.7 1,818.8 1,824.6 1,841.2 1,858.0 1,871.7 1,876.3 1,927.2 1,892.2 1,924.9
    Services........................ 3,533.1 3,563.2 3,567.5 3,593.6 3,614.2 3,631.2 3,648.5 3,677.7 3,694.6 3,707.0 3,727.0 3,740.2 3,761.5 3,790.9 3,819.3
  Interest paid by persons..........   173.7   173.0   173.3   174.2   176.4   177.6   178.6   178.7   180.0   181.7   184.2   186.7   189.4   193.0   195.7
  Personal transfer payments to the
   rest of the world (net)..........    25.8    26.3    26.3    26.3    27.2    27.2    27.2    27.6    27.6    27.6    28.2    28.2    28.2    28.2    28.2

Equals: Personal saving.............   252.1   284.3   251.3   226.2   180.7   190.6   168.4   141.2   152.8   106.0   126.3   152.8   108.0   196.7   168.1

Addenda:
  Disposable personal income:
    Total, billions of chained
     (1996) dollars\1\.............. 6,252.9 6,276.7 6,286.3 6,302.1 6,285.7 6,299.3 6,318.2 6,312.5 6,347.4 6,314.9 6,359.8 6,399.0 6,439.2 6,508.5 6,527.7
    Per capita:
      Current dollars...............  23,349  23,477  23,484  23,532  23,568  23,609  23,665  23,673  23,828  23,759  23,945  24,086  24,266  24,575  24,718
      Chained (1996) dollars........  22,535  22,603  22,621  22,659  22,579  22,606  22,651  22,605  22,705  22,563  22,700  22,817  22,939  23,165  23,214
    Population (thousands)\2\....... 277,470 277,694 277,905 278,132 278,383 278,651 278,939 279,248 279,565 279,874 280,174 280,450 280,714 280,963 281,197

  Personal saving as a percentage
   of disposable personal income....     3.9     4.4     3.9     3.5     2.8     2.9     2.6     2.1     2.3     1.6     1.9     2.3     1.6     2.8     2.4
------------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at the end of the table.

                                         Table 1.--Personal Income and Its Disposition (Months)--Continued
                                         [Billions of dollars; months seasonally adjusted at annual rates]
----------------------------------------------------------------------------------------------------------------------------------------------------
                                      Mar 00  Apr 00  May 00  Jun 00  Jul 00  Aug 00  Sep 00  Oct 00  Nov 00  Dec 00  Jan 01  Feb 01  Mar 01  Apr 01
----------------------------------------------------------------------------------------------------------------------------------------------------
Personal income..................... 8,276.4 8,302.8 8,349.7 8,398.1 8,452.3 8,485.8 8,525.5 8,556.8 8,572.6 8,600.3 8,644.4 8,655.8 8,674.2 8,678.9

  Wage and salary disbursements..... 4,787.1 4,784.8 4,777.9 4,809.8 4,867.2 4,872.1 4,898.5 4,910.9 4,918.5 4,923.9 4,952.5 4,960.6 4,968.1 4,967.1
    Private industries.............. 4,026.1 4,020.1 4,005.5 4,038.9 4,095.7 4,100.3 4,124.8 4,135.7 4,140.9 4,143.1 4,163.2 4,164.0 4,168.2 4,164.3
      Goods-producing industries.... 1,173.6 1,157.8 1,146.9 1,154.5 1,173.4 1,172.0 1,170.2 1,168.5 1,165.9 1,154.7 1,157.6 1,154.8 1,156.4 1,154.0
        Manufacturing...............   841.1   826.5   817.6   823.6   839.6   835.6   832.2   826.8   822.5   811.5   811.1   806.7   803.9   804.2
      Distributive industries....... 1,081.8 1,087.4 1,082.9 1,091.4 1,104.0 1,100.1 1,111.4 1,108.5 1,109.0 1,112.0 1,118.2 1,113.5 1,113.3 1,114.2
      Service industries............ 1,770.7 1,774.9 1,775.8 1,793.0 1,818.3 1,828.2 1,843.2 1,858.7 1,866.0 1,876.5 1,887.5 1,895.7 1,898.4 1,896.1
    Government......................   761.0   764.7   772.4   770.9   771.5   771.9   773.7   775.2   777.6   780.8   789.3   796.5   799.9   802.7

  Other labor income................   533.9   536.9   540.1   543.1   545.9   548.7   551.7   554.6   557.4   560.1   563.3   564.9   565.9   566.8

  Proprietors' income with
   inventory valuation and capital
   consumption adjustments..........   713.7   712.7   718.5   725.2   714.9   723.0   717.8   717.9   720.0   720.1   719.7   719.1   724.7   723.7
    Farm............................    22.4    25.0    25.3    24.8    22.4    21.6    21.1    21.6    21.3    20.8    19.8    19.2    18.8    18.4
    Nonfarm.........................   691.3   687.7   693.2   700.4   692.5   701.4   696.7   696.2   698.7   699.3   699.9   699.9   705.9   705.2

  Rental income of persons with
   capital consumption adjustment...   150.5   147.9   146.6   145.7   145.4   144.8   144.3   144.7   143.7   142.1   138.6   136.9   135.5   133.9

  Personal dividend income..........   357.3   363.4   369.3   375.2   380.8   385.9   390.5   394.4   397.4   399.8   401.2   402.5   403.8   404.9

  Personal interest income.......... 1,042.0 1,059.9 1,075.2 1,087.8 1,088.5 1,094.7 1,100.5 1,107.6 1,110.9 1,112.2 1,110.4 1,108.8 1,106.1 1,100.9

  Transfer payments to persons...... 1,047.6 1,052.6 1,076.4 1,067.5 1,069.4 1,076.6 1,083.8 1,089.1 1,087.7 1,105.8 1,128.7 1,134.2 1,142.1 1,154.1
    Old-age, survivors, disability,
     and health insurance benefits..   604.7   607.0   627.9   618.2   617.0   621.1   625.6   624.3   623.6   635.1   648.3   653.1   657.3   659.0
    Government unemployment
     insurance benefits.............    19.0    20.0    20.0    19.2    20.1    19.9    20.8    22.1    21.3    22.7    26.4    23.6    22.8    29.7
    Other...........................   423.9   425.6   428.5   430.1   432.3   435.6   437.4   442.7   442.9   448.0   454.1   457.5   462.0   465.4

  Less: Personal contributions for
   social insurance.................   355.8   355.4   354.3   356.2   359.8   360.1   361.8   362.4   363.1   363.7   370.2   371.2   372.1   372.5

Less: Personal tax and nontax
 payments........................... 1,265.8 1,268.1 1,269.3 1,281.5 1,289.3 1,300.6 1,309.0 1,312.2 1,316.6 1,321.4 1,337.8 1,340.4 1,343.5 1,337.8

Equals: Disposable personal income.. 7,010.6 7,034.7 7,080.4 7,116.6 7,162.9 7,185.2 7,216.5 7,244.6 7,256.0 7,278.9 7,306.6 7,315.4 7,330.7 7,341.1

Less: Personal outlays.............. 6,837.1 6,840.2 6,864.3 6,904.7 6,936.1 6,958.3 7,035.7 7,032.8 7,038.2 7,085.3 7,143.0 7,148.2 7,140.5 7,169.8

  Personal consumption expenditures. 6,610.9 6,611.7 6,633.3 6,671.2 6,697.5 6,717.5 6,793.3 6,788.4 6,793.8 6,841.7 6,901.8 6,909.1 6,903.1 6,931.8
    Durable goods...................   806.8   802.5   800.1   795.4   797.9   804.0   829.9   803.1   793.0   795.5   812.9   821.5   816.0   813.9
    Nondurable goods................ 1,963.6 1,958.1 1,958.5 1,978.0 1,983.9 1,976.6 2,006.2 2,009.1 2,005.7 2,018.4 2,042.4 2,033.9 2,018.3 2,036.3
    Services........................ 3,840.5 3,851.1 3,874.8 3,897.7 3,915.7 3,936.9 3,957.3 3,976.3 3,995.0 4,027.7 4,046.5 4,053.7 4,068.8 4,081.6
  Interest paid by persons..........   198.1   199.6   202.0   204.6   208.7   210.9   212.4   213.4   213.5   212.7   210.3   208.1   206.5   207.0
  Personal transfer payments to the
   rest of the world (net)..........    28.2    29.0    29.0    29.0    30.0    30.0    30.0    30.9    30.9    30.9    30.9    30.9    30.9    30.9

Equals: Personal saving.............   173.5   194.5   216.2   211.9   226.8   226.9   180.8   211.8   217.8   193.6   163.6   167.2   190.2   171.4

Addenda:
  Disposable personal income:
    Total, billions of chained
     (1996) dollars\1\.............. 6,555.0 6,575.2 6,616.9 6,630.8 6,661.9 6,683.0 6,685.5 6,700.9 6,702.8 6,715.0 6,703.7 6,698.4 6,710.7 6,708.8
    Per capita:
      Current dollars...............  24,909  24,971  25,109  25,211  25,347  25,396  25,478  25,546  25,563  25,623  25,697  25,706  25,736  25,747
      Chained (1996) dollars........  23,290  23,340  23,465  23,490  23,574  23,621  23,603  23,629  23,614  23,638  23,577  23,538  23,560  23,529
    Population (thousands)\2\....... 281,446 281,712 281,988 282,281 282,598 282,926 283,243 283,590 283,847 284,076 284,332 284,575 284,840 285,130

  Personal saving as a percentage
   of disposable personal income....     2.5     2.8     3.1     3.0     3.2     3.2     2.5     2.9     3.0     2.7     2.2     2.3     2.6     2.3
----------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at the end of the table.

                                         Table 1.--Personal Income and Its Disposition (Months)--Continued
                                         [Billions of dollars; months seasonally adjusted at annual rates]
----------------------------------------------------------------------------------------------------------------------------------------------------
                                      May 01  Jun 01  Jul 01  Aug 01  Sep 01  Oct 01  Nov 01  Dec 01  Jan 02  Feb 02  Mar 02  Apr 02  May 02  Jun 02/p/
----------------------------------------------------------------------------------------------------------------------------------------------------
Personal income..................... 8,668.3 8,681.3 8,710.1 8,701.0 8,707.5 8,685.2 8,686.7 8,730.9 8,774.9 8,815.6 8,840.8 8,876.2 8,915.6 8,972.6

  Wage and salary disbursements..... 4,949.6 4,953.9 4,962.9 4,952.3 4,946.1 4,923.5 4,922.3 4,948.6 4,949.6 4,965.8 4,980.3 4,977.6 4,996.9 5,029.4
    Private industries.............. 4,144.1 4,144.7 4,149.2 4,136.1 4,124.6 4,100.2 4,097.6 4,120.8 4,113.4 4,124.9 4,136.2 4,132.0 4,148.9 4,178.5
      Goods-producing industries.... 1,149.8 1,146.2 1,144.0 1,139.9 1,136.2 1,125.0 1,121.7 1,123.0 1,121.0 1,122.3 1,123.2 1,120.2 1,121.2 1,125.7
        Manufacturing...............   796.2   791.0   788.1   782.9   779.1   772.9   768.6   768.2   765.1   766.1   766.3   765.3   766.9   769.6
      Distributive industries....... 1,109.4 1,113.2 1,117.3 1,112.0 1,103.1 1,097.3 1,096.1 1,102.4 1,100.7 1,105.4 1,111.5 1,107.6 1,113.9 1,119.0
      Service industries............ 1,885.0 1,885.3 1,887.8 1,884.2 1,885.4 1,877.8 1,879.8 1,895.4 1,891.6 1,897.2 1,901.5 1,904.2 1,913.8 1,933.9
    Government......................   805.5   809.2   813.7   816.2   821.5   823.3   824.6   827.8   836.3   840.9   844.1   845.6   848.0   850.8

  Other labor income................   568.1   569.8   571.0   572.3   573.8   574.7   576.2   577.9   586.1   590.7   595.5   599.4   603.5   607.9

  Proprietors' income with
   inventory valuation and capital
   consumption adjustments..........   726.9   729.1   729.3   732.1   735.9   727.8   729.4   736.8   743.3   750.0   751.9   752.9   748.8   748.8
    Farm............................    18.3    18.4    19.1    19.3    19.4    19.1    19.2    19.4    20.8    21.8    22.5    14.6     6.3     4.8
    Nonfarm.........................   708.6   710.7   710.2   712.8   716.4   708.7   710.2   717.4   722.4   728.2   729.4   738.3   742.5   744.0

  Rental income of persons with
   capital consumption adjustment...   133.9   135.1   137.8   141.1   143.5   141.0   139.6   137.3   139.4   141.3   143.2   148.8   154.6   160.4

  Personal dividend income..........   406.0   407.2   408.8   411.0   413.1   415.1   417.2   419.6   421.8   423.8   425.5   428.0   430.3   432.7

  Personal interest income.......... 1,097.2 1,093.6 1,090.4 1,086.5 1,082.3 1,074.7 1,072.2 1,071.9 1,070.9 1,069.9 1,069.0 1,077.1 1,085.2 1,093.2

  Transfer payments to persons...... 1,158.3 1,165.0 1,183.1 1,178.7 1,185.7 1,200.3 1,201.9 1,212.9 1,243.5 1,255.0 1,257.6 1,274.5 1,279.8 1,286.0
    Old-age, survivors, disability,
     and health insurance benefits..   660.5   661.0   672.7   668.2   669.3   670.3   673.5   678.2   688.7   693.2   688.6   695.1   696.3   697.5
    Government unemployment
     insurance benefits.............    28.8    29.2    33.3    31.2    34.9    41.8    39.0    42.3    48.1    52.6    56.2    63.1    65.1    67.1
    Other...........................   469.0   474.7   477.1   479.3   481.6   488.2   489.4   492.4   506.7   509.1   512.8   516.2   518.5   521.4

  Less: Personal contributions for
   social insurance.................   371.7   372.3   373.3   373.0   372.9   371.9   372.1   374.0   379.8   381.0   382.1   382.1   383.5   385.8

Less: Personal tax and nontax
 payments........................... 1,334.1 1,336.5 1,248.2 1,106.7 1,190.9 1,312.7 1,304.5 1,312.0 1,145.7 1,141.8 1,138.8 1,132.0 1,130.5 1,132.5

Equals: Disposable personal income.. 7,334.2 7,344.8 7,461.8 7,594.3 7,516.6 7,372.4 7,382.2 7,418.9 7,629.2 7,673.7 7,702.0 7,744.2 7,785.1 7,840.1

Less: Personal outlays.............. 7,205.3 7,220.4 7,237.2 7,256.2 7,172.6 7,346.9 7,316.9 7,325.1 7,355.7 7,408.9 7,424.3 7,466.8 7,469.3 7,509.6

  Personal consumption expenditures. 6,966.7 6,981.0 6,997.6 7,017.8 6,935.8 7,114.5 7,087.4 7,097.9 7,130.6 7,186.8 7,205.3 7,242.9 7,240.6 7,276.2
    Durable goods...................   816.8   830.3   830.2   832.6   809.2   913.2   878.4   856.2   853.6   863.5   859.8   868.5   845.7   859.3
    Nondurable goods................ 2,051.3 2,046.8 2,045.9 2,043.2 2,043.9 2,046.4 2,036.1 2,050.7 2,074.1 2,089.1 2,092.1 2,110.0 2,099.1 2,107.6
    Services........................ 4,098.6 4,104.0 4,121.5 4,142.0 4,082.8 4,154.9 4,172.8 4,191.0 4,202.8 4,234.2 4,253.4 4,264.3 4,295.9 4,309.3
  Interest paid by persons..........   207.8   208.4   207.8   206.7   204.9   201.8   198.9   196.7   193.7   190.6   187.6   192.3   197.1   201.8
  Personal transfer payments to the
   rest of the world (net)..........    30.9    30.9    31.8    31.8    31.8    30.6    30.6    30.6    31.5    31.5    31.5    31.7    31.7    31.7

Equals: Personal saving.............   128.9   124.4   224.6   338.0   344.0    25.5    65.3    93.8   273.5   264.8   277.7   277.3   315.8   330.5

Addenda:
  Disposable personal income:
    Total, billions of chained
     (1996) dollars\1\.............. 6,686.5 6,689.1 6,796.5 6,917.5 6,878.2 6,706.9 6,718.7 6,761.9 6,941.0 6,968.1 6,978.1 6,986.6 7,027.4 7,071.0
    Per capita:
      Current dollars...............  25,697  25,707  26,087  26,520  26,219  25,688  25,697  25,801  26,509  26,641  26,714  26,833  26,948  27,110
      Chained (1996) dollars........  23,427  23,412  23,761  24,156  23,992  23,369  23,388  23,516  24,118  24,191  24,203  24,208  24,325  24,451
    Population (thousands)\2\....... 285,414 285,710 286,032 286,362 286,687 286,999 287,277 287,539 287,798 288,044 288,312 288,605 288,893 289,192

  Personal saving as a percentage
   of disposable personal income....     1.8     1.7     3.0     4.5     4.6      .3      .9     1.3     3.6     3.5     3.6     3.6     4.1     4.2
----------------------------------------------------------------------------------------------------------------------------------------------------
p Preliminary.
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 quarterly and the annual estimates are averages of the
   monthly estimates.  Estimates for January 1991 through June 2000 are
   interpolations between Census Bureau population estimates for 1990 and for
   2000; estimates for July 2000 forward are BEA extrapolations.  BEA will
   substiture monthly Census Bureau population estimates for 1991 forward when
   they are released.

                         Table 2.--Personal Income and Its Disposition (Years and Quarters)
                        [Billions of dollars; quarters seasonally adjusted at annual rates]
--------------------------------------------------------------------------------------------------------------------
                                        1998    1999    2000    2001    I 98   II 98  III 98   IV 98    I 99   II 99
--------------------------------------------------------------------------------------------------------------------
Personal income..................... 7,426.0 7,786.5 8,406.6 8,685.3 7,254.8 7,382.8 7,490.7 7,575.8 7,655.9 7,722.2

  Wage and salary disbursements..... 4,192.8 4,470.4 4,836.3 4,950.6 4,085.8 4,156.5 4,228.4 4,300.5 4,389.8 4,426.9
    Private industries.............. 3,500.1 3,746.3 4,067.4 4,139.8 3,404.9 3,467.9 3,531.6 3,596.0 3,676.5 3,707.6
      Goods-producing industries.... 1,038.5 1,088.6 1,163.7 1,142.4 1,021.3 1,032.7 1,042.6 1,057.3 1,073.8 1,078.2
        Manufacturing...............   756.6   782.0   829.4   789.4   749.4   754.9   757.6   764.3   773.1   774.8
      Distributive industries.......   948.9 1,020.8 1,094.8 1,109.2   924.3   939.1   957.8   974.5   999.7 1,009.9
      Service industries............ 1,512.7 1,636.9 1,808.9 1,888.2 1,459.3 1,496.1 1,531.2 1,564.1 1,603.0 1,619.5
    Government......................   692.7   724.2   768.9   810.8   680.9   688.6   696.8   704.6   713.3   719.3

  Other labor income................   490.6   510.2   544.2   570.4   483.3   488.2   493.2   497.7   502.6   507.3

  Proprietors' income with
   inventory valuation and capital
   consumption adjustments..........   623.8   678.4   714.8   727.9   606.9   617.6   627.0   643.8   659.3   674.2
    Farm............................    25.6    27.7    22.6    19.0    24.1    24.9    25.4    27.9    30.1    29.7
    Nonfarm.........................   598.2   650.7   692.2   708.8   582.9   592.6   601.6   615.8   629.2   644.5

  Rental income of persons with
   capital consumption adjustment...   138.6   149.1   146.6   137.9   127.7   136.1   144.2   146.5   148.9   149.9

  Personal dividend income..........   348.3   328.0   375.7   409.2   349.0   350.1   347.9   346.3   331.7   323.4

  Personal interest income..........   964.4   969.2 1,077.0 1,091.3   933.5   967.5   982.6   974.2   948.8   960.8

  Transfer payments to persons......   983.7 1,018.5 1,070.3 1,170.4   979.1   981.0   985.7   989.1 1,007.3 1,014.8
    Old-age, survivors, disability,
     and health insurance benefits..   578.1   588.0   617.2   664.3   577.5   577.9   579.1   577.8   584.4   586.6
    Government unemployment
     insurance benefits.............    19.5    20.3    20.5    31.9    19.1    19.0    20.0    19.8    20.5    20.6
    Other...........................   386.1   410.2   432.5   474.2   380.9   383.4   386.2   391.2   402.4   407.6

  Less: Personal contributions for
   social insurance.................   316.3   337.4   358.4   372.3   310.3   314.2   318.3   322.4   332.4   335.1

Less: Personal tax and nontax
 payments........................... 1,070.4 1,159.1 1,286.4 1,292.1 1,034.0 1,055.4 1,083.7 1,108.5 1,125.5 1,142.0

Equals: Disposable personal income.. 6,355.6 6,627.4 7,120.2 7,393.2 6,220.8 6,327.4 6,407.0 6,467.3 6,530.3 6,580.2

Less: Personal outlays.............. 6,054.1 6,453.3 6,918.6 7,223.5 5,912.9 6,018.2 6,095.6 6,189.7 6,276.4 6,400.3

  Personal consumption expenditures. 5,856.0 6,246.5 6,683.7 6,987.0 5,719.9 5,820.0 5,895.1 5,989.1 6,076.6 6,195.6
    Durable goods...................   693.2   755.9   803.9   835.9   666.8   689.3   691.7   725.1   728.7   749.9
    Nondurable goods................ 1,708.5 1,830.1 1,972.9 2,041.3 1,675.8 1,697.2 1,716.7 1,744.4 1,773.1 1,814.4
    Services........................ 3,454.3 3,660.5 3,906.9 4,109.9 3,377.3 3,433.5 3,486.7 3,519.6 3,574.8 3,631.3
  Interest paid by persons..........   173.7   179.5   205.4   205.4   170.1   173.9   176.2   174.7   173.5   177.5
  Personal transfer payments to the
   rest of the world (net)..........    24.3    27.3    29.5    31.1    22.9    24.3    24.2    25.8    26.3    27.2

Equals: Personal saving.............   301.5   174.0   201.5   169.7   307.9   309.1   311.4   277.6   253.9   179.9

Addenda:
  Disposable personal income:
    Total, billions of chained
     (1996) dollars\1\.............. 6,168.6 6,328.4 6,630.3 6,748.0 6,064.5 6,153.6 6,209.9 6,246.6 6,288.4 6,301.0
    Per capita:
      Current dollars...............  23,031  23,742  25,205  25,859  22,642  22,967  23,183  23,329  23,498  23,614
      Chained (1996) dollars........  22,354  22,671  23,471  23,602  22,073  22,337  22,470  22,533  22,628  22,612
    Population (thousands)\2\....... 275,955 279,144 282,489 285,908 274,745 275,493 276,367 277,217 277,910 278,657

  Personal saving as a percentage
   of disposable personal income....     4.7     2.6     2.8     2.3     4.9     4.9     4.9     4.3     3.9     2.7
--------------------------------------------------------------------------------------------------------------------
See footnotes at the end of the table.

                           Table 2.--Personal Income and Its Disposition (Years and Quarters)--Continued
                                [Billions of dollars; quarters seasonally adjusted at annual rates]
------------------------------------------------------------------------------------------------------------------------------------
                                      III 99   IV 99    I 00   II 00  III 00   IV 00    I 01   II 01  III 01   IV 01    I 02   II 02
------------------------------------------------------------------------------------------------------------------------------------
Personal income..................... 7,807.7 7,960.2 8,211.6 8,350.2 8,487.8 8,576.6 8,658.1 8,676.2 8,706.2 8,700.9 8,810.4 8,921.5

  Wage and salary disbursements..... 4,487.6 4,577.5 4,757.4 4,790.8 4,879.3 4,917.8 4,960.4 4,956.8 4,953.7 4,931.4 4,965.2 5,001.3
    Private industries.............. 3,759.8 3,841.1 4,001.2 4,021.5 4,106.9 4,139.9 4,165.2 4,151.0 4,136.6 4,106.2 4,124.8 4,153.1
      Goods-producing industries.... 1,092.5 1,109.9 1,166.9 1,153.1 1,171.8 1,163.0 1,156.3 1,150.0 1,140.0 1,123.3 1,122.2 1,122.4
        Manufacturing...............   786.3   793.8   839.0   822.6   835.8   820.3   807.2   797.1   783.4   769.9   765.8   767.2
      Distributive industries....... 1,023.1 1,050.4 1,076.8 1,087.2 1,105.2 1,109.8 1,115.0 1,112.3 1,110.8 1,098.6 1,105.9 1,113.5
      Service industries............ 1,644.2 1,680.9 1,757.4 1,781.2 1,829.9 1,867.0 1,893.9 1,888.8 1,885.8 1,884.3 1,896.8 1,917.3
    Government......................   727.7   736.4   756.2   769.3   772.4   777.9   795.2   805.8   817.1   825.2   840.4   848.2

  Other labor income................   512.6   518.3   530.5   540.0   548.7   557.4   564.7   568.2   572.4   576.3   590.8   603.6

  Proprietors' income with
   inventory valuation and capital
   consumption adjustments..........   682.7   697.4   702.5   718.8   718.6   719.3   721.2   726.6   732.4   731.3   748.4   750.2
    Farm............................    25.7    25.4    22.3    25.0    21.7    21.2    19.3    18.4    19.3    19.2    21.7     8.6
    Nonfarm.........................   657.0   672.0   680.2   693.8   696.9   698.1   701.9   708.2   713.1   712.1   726.7   741.6

  Rental income of persons with
   capital consumption adjustment...   145.8   152.0   151.4   146.7   144.9   143.5   137.0   134.3   140.8   139.3   141.3   154.6

  Personal dividend income..........   324.0   333.1   350.8   369.3   385.7   397.2   402.5   406.0   411.0   417.3   423.7   430.3

  Personal interest income..........   971.5   995.8 1,028.7 1,074.3 1,094.6 1,110.3 1,108.4 1,097.2 1,086.4 1,072.9 1,069.9 1,085.2

  Transfer payments to persons...... 1,022.1 1,029.6 1,044.8 1,065.5 1,076.6 1,094.2 1,135.0 1,159.1 1,182.5 1,205.0 1,252.0 1,280.1
    Old-age, survivors, disability,
     and health insurance benefits..   589.0   591.9   602.3   617.7   621.2   627.7   652.9   660.2   670.1   674.0   690.2   696.3
    Government unemployment
     insurance benefits.............    20.0    20.0    20.1    19.8    20.3    22.0    24.2    29.2    33.1    41.0    52.3    65.1
    Other...........................   413.1   417.7   422.5   428.1   435.1   444.5   457.9   469.7   479.3   490.0   509.5   518.7

  Less: Personal contributions for
   social insurance.................   338.6   343.6   354.5   355.3   360.6   363.1   371.1   372.2   373.1   372.7   380.9   383.8

Less: Personal tax and nontax
 payments........................... 1,167.2 1,201.8 1,256.3 1,273.0 1,299.6 1,316.7 1,340.6 1,336.1 1,181.9 1,309.7 1,142.1 1,131.7

Equals: Disposable personal income.. 6,640.5 6,758.4 6,955.3 7,077.2 7,188.2 7,259.8 7,317.5 7,340.0 7,524.2 7,391.2 7,668.3 7,789.8

Less: Personal outlays.............. 6,507.2 6,629.4 6,775.9 6,869.8 6,976.7 7,052.1 7,143.9 7,198.5 7,222.0 7,329.6 7,396.3 7,481.9

  Personal consumption expenditures. 6,299.4 6,414.5 6,552.2 6,638.7 6,736.1 6,808.0 6,904.7 6,959.8 6,983.7 7,099.9 7,174.2 7,253.2
    Durable goods...................   765.1   779.9   808.4   799.3   810.6   797.2   816.8   820.3   824.0   882.6   859.0   857.8
    Nondurable goods................ 1,841.3 1,891.7 1,926.9 1,964.9 1,988.9 2,011.1 2,031.5 2,044.8 2,044.3 2,044.4 2,085.1 2,105.6
    Services........................ 3,693.1 3,742.9 3,816.9 3,874.5 3,936.6 3,999.7 4,056.4 4,094.7 4,115.4 4,172.9 4,230.1 4,289.8
  Interest paid by persons..........   180.1   186.8   195.6   202.0   210.6   213.2   208.3   207.7   206.5   199.1   190.6   197.0
  Personal transfer payments to the
   rest of the world (net)..........    27.6    28.2    28.2    29.0    30.0    30.9    30.9    30.9    31.8    30.6    31.5    31.7

Equals: Personal saving.............   133.3   129.0   179.4   207.5   211.5   207.7   173.7   141.6   302.2    61.5   272.0   307.9

Addenda:
  Disposable personal income:
    Total, billions of chained
     (1996) dollars\1\.............. 6,325.0 6,399.3 6,530.4 6,607.6 6,676.8 6,706.2 6,704.3 6,694.8 6,864.0 6,729.1 6,962.5 7,028.3
    Per capita:
      Current dollars...............  23,753  24,099  24,734  25,097  25,407  25,577  25,713  25,717  26,275  25,729  26,621  26,964
      Chained (1996) dollars........  22,625  22,818  23,223  23,432  23,599  23,627  23,558  23,456  23,970  23,424  24,171  24,328
    Population (thousands)\2\....... 279,562 280,446 281,202 281,994 282,923 283,838 284,582 285,418 286,360 287,272 288,051 288,897

  Personal saving as a percentage
   of disposable personal income....     2.0     1.9     2.6     2.9     2.9     2.9     2.4     1.9     4.0      .8     3.5     4.0
------------------------------------------------------------------------------------------------------------------------------------
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 quarterly and the annual 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]
------------------------------------------------------------------------------------------------------------------------------------------------------------
                                      Dec 98  Jan 99  Feb 99  Mar 99  Apr 99  May 99  Jun 99  Jul 99  Aug 99  Sep 99  Oct 99  Nov 99  Dec 99  Jan 00  Feb 00
------------------------------------------------------------------------------------------------------------------------------------------------------------
Personal income.....................    15.7    40.0    18.6    18.8    17.1    29.8    31.9    20.0    46.1    10.7    67.8    57.1    72.5   122.0    59.2

  Wage and salary disbursements.....    16.2    46.5    29.8     5.9     5.5    21.4    10.2    23.0    25.9    19.5    30.1    32.4    49.8   106.7    28.7
    Private industries..............    14.3    42.0    26.7     5.2     3.1    20.0     6.8    20.3    22.9    16.4    27.2    29.4    47.8    93.1    25.7
      Goods-producing industries....     6.1     6.2     7.1      .9    -2.2     4.6     1.6     7.6     2.2     7.9      .7     9.3    13.4    37.4     8.6
        Manufacturing...............     1.8     5.0     2.7     1.7    -3.5     4.6      .5     6.6     2.2     4.4    -3.5     5.6    10.9    31.1     8.0
      Distributive industries.......     1.2    13.9    11.0     -.7     3.3     4.0     3.1     3.9     8.7      .3    14.2     7.3    15.2    10.4     2.1
      Service industries............     7.1    21.9     8.7     5.0     1.9    11.4     2.0     8.9    12.0     8.2    12.2    12.9    19.1    45.5    14.8
    Government......................     1.9     4.4     3.1      .7     2.4     1.4     3.4     2.7     3.0     3.1     2.9     3.0     2.1    13.4     3.1

  Other labor income................     1.6     2.1     1.3     1.1     1.8     1.6     1.8     1.7     1.9     2.0     1.6     2.0     2.4     6.5     3.5

  Proprietors' income with
   inventory valuation and capital
   consumption adjustments..........     6.3     5.6     2.8     6.6     6.8    -1.3    11.0     -.6     6.9    -7.1     8.7    10.5     4.2    -9.3     5.0
    Farm............................      .2     1.4      .6      .3     -.2     -.5     -.9    -2.4     -.9     -.5      .8     -.4     -.7    -2.3     -.4
    Nonfarm.........................     6.2     4.2     2.2     6.3     6.9     -.8    12.1     1.7     7.8    -6.6     7.9    11.0     4.8    -7.0     5.4

  Rental income of persons with
   capital consumption adjustment...      .6     1.3      .4      .4      .2      .4      .3      .1      .2   -13.8    14.6     1.0      .0      .0     -.7

  Personal dividend income..........     -.9    -9.2    -5.0    -3.8    -2.7    -1.7     -.9      .3     1.2     2.1     3.0     4.0     5.0     6.3     6.8

  Personal interest income..........    -8.6   -12.5    -9.9     3.2     6.4     6.8     6.8    -1.7     5.1     6.6     8.9     9.0    10.0    10.4    12.3

  Transfer payments to persons......     1.3    13.5     1.4     5.9     -.5     3.9     3.2    -1.3     6.4     2.4     2.7     -.3     4.0     9.0     4.4
    Old-age, survivors, disability,
     and health insurance benefits..      .6     5.6      .2     1.6      .8      .0      .8      .6     1.4      .8     2.3    -2.3     3.5     6.5     2.1
    Government unemployment
     insurance benefits.............     -.4      .3     -.1      .7    -1.4     1.6      .1    -2.4     2.1     -.5     -.4      .6    -1.1      .9      .4
   Other............................     1.2     7.6     1.2     3.6      .1     2.3     2.3      .5     3.0     2.1      .7     1.5     1.5     1.6     1.9

  Less: Personal contributions for
   social insurance.................     1.0     7.1     2.2      .5      .4     1.5      .5     1.4     1.5     1.0     1.8     1.6     2.7     7.5     1.1

Less: Personal tax and nontax
 payments...........................     9.1     -.8    11.7      .2     1.3    12.0     9.4    10.3    -4.5    22.7     8.5    11.0    15.5    29.0    13.4

Equals: Disposable personal income..     6.6    40.8     6.9    18.6    15.8    17.8    22.5     9.6    50.7   -12.0    59.2    46.2    57.1    92.9    45.8

Less: Personal outlays..............    45.1     8.6    39.8    43.7    61.3     7.9    44.8    36.7    39.1    34.8    38.9    19.8   101.8     4.2    74.4

  Personal consumption expenditures.    46.1     8.8    39.6    42.8    58.2     6.8    43.7    36.3    37.7    33.1    35.8    17.3    99.1      .7    71.7
    Durable goods...................    19.8   -28.8    22.2    12.6    10.0   -19.1    24.3     1.4     4.1     3.8     2.2     -.5    26.9     6.3    10.6
    Nondurable goods................    11.5     7.5    13.1     4.1    27.6     8.9     2.1     5.8    16.6    16.8    13.7     4.6    50.9   -35.0    32.7
    Services........................    14.8    30.1     4.3    26.1    20.6    17.0    17.3    29.2    16.9    12.4    20.0    13.2    21.3    29.4    28.4
  Interest paid by persons..........    -1.1     -.7      .3      .9     2.2     1.2     1.0      .1     1.3     1.7     2.5     2.5     2.7     3.6     2.7
  Personal transfer payments to the
   rest of the world (net)..........      .0      .5      .0      .0      .9      .0      .0      .4      .0      .0      .6      .0      .0      .0      .0

Equals: Personal saving.............   -38.4    32.2   -33.0   -25.1   -45.5     9.9   -22.2   -27.2    11.6   -46.8    20.3    26.5   -44.8    88.7   -28.6

Addendum:
  Disposable personal income:
   Chained (1996) dollars\1\........     1.3    23.8     9.6    15.8   -16.4    13.6    18.9    -5.7    34.9   -32.5    44.9    39.2    40.2    69.3    19.2
------------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at the end of the table.

                          Table 3.--Personal Income and Its Disposition, Change from Preceding Period (Months)--Continued
                                         [Billions of dollars; months seasonally adjusted at annual rates]
----------------------------------------------------------------------------------------------------------------------------------------------------
                                      Mar 00  Apr 00  May 00  Jun 00  Jul 00  Aug 00  Sep 00  Oct 00  Nov 00  Dec 00  Jan 01  Feb 01  Mar 01  Apr 01
----------------------------------------------------------------------------------------------------------------------------------------------------
Personal income.....................    67.6    26.4    46.9    48.4    54.2    33.5    39.7    31.3    15.8    27.7    44.1    11.4    18.4     4.7

  Wage and salary disbursements.....    30.2    -2.3    -6.9    31.9    57.4     4.9    26.4    12.4     7.6     5.4    28.6     8.1     7.5    -1.0
    Private industries..............    24.5    -6.0   -14.6    33.4    56.8     4.6    24.5    10.9     5.2     2.2    20.1      .8     4.2    -3.9
      Goods-producing industries....     5.7   -15.8   -10.9     7.6    18.9    -1.4    -1.8    -1.7    -2.6   -11.2     2.9    -2.8     1.6    -2.4
        Manufacturing...............     -.9   -14.6    -8.9     6.0    16.0    -4.0    -3.4    -5.4    -4.3   -11.0     -.4    -4.4    -2.8      .3
      Distributive industries.......     6.4     5.6    -4.5     8.5    12.6    -3.9    11.3    -2.9      .5     3.0     6.2    -4.7     -.2      .9
      Service industries............    12.5     4.2      .9    17.2    25.3     9.9    15.0    15.5     7.3    10.5    11.0     8.2     2.7    -2.3
    Government......................     5.7     3.7     7.7    -1.5      .6      .4     1.8     1.5     2.4     3.2     8.5     7.2     3.4     2.8

  Other labor income................     3.3     3.0     3.2     3.0     2.8     2.8     3.0     2.9     2.8     2.7     3.2     1.6     1.0      .9

  Proprietors' income with
   inventory valuation and capital
   consumption adjustments..........    14.3    -1.0     5.8     6.7   -10.3     8.1    -5.2      .1     2.1      .1     -.4     -.6     5.6    -1.0
    Farm............................      .3     2.6      .3     -.5    -2.4     -.8     -.5      .5     -.3     -.5    -1.0     -.6     -.4     -.4
    Nonfarm.........................    14.0    -3.6     5.5     7.2    -7.9     8.9    -4.7     -.5     2.5      .6      .6      .0     6.0     -.7

  Rental income of persons with
   capital consumption adjustment...    -1.1    -2.6    -1.3     -.9     -.3     -.6     -.5      .4    -1.0    -1.6    -3.5    -1.7    -1.4    -1.6

  Personal dividend income..........     6.4     6.1     5.9     5.9     5.6     5.1     4.6     3.9     3.0     2.4     1.4     1.3     1.3     1.1

  Personal interest income..........    13.8    17.9    15.3    12.6      .7     6.2     5.8     7.1     3.3     1.3    -1.8    -1.6    -2.7    -5.2

  Transfer payments to persons......     2.0     5.0    23.8    -8.9     1.9     7.2     7.2     5.3    -1.4    18.1    22.9     5.5     7.9    12.0
    Old-age, survivors, disability,
     and health insurance benefits..     2.6     2.3    20.9    -9.7    -1.2     4.1     4.5    -1.3     -.7    11.5    13.2     4.8     4.2     1.7
    Government unemployment
     insurance benefits.............    -1.8     1.0      .0     -.8      .9     -.2      .9     1.3     -.8     1.4     3.7    -2.8     -.8     6.9
   Other............................     1.2     1.7     2.9     1.6     2.2     3.3     1.8     5.3      .2     5.1     6.1     3.4     4.5     3.4

  Less: Personal contributions for
   social insurance.................     1.3     -.4    -1.1     1.9     3.6      .3     1.7      .6      .7      .6     6.5     1.0      .9      .4

Less: Personal tax and nontax
 payments...........................     7.6     2.3     1.2    12.2     7.8    11.3     8.4     3.2     4.4     4.8    16.4     2.6     3.1    -5.7

Equals: Disposable personal income..    60.0    24.1    45.7    36.2    46.3    22.3    31.3    28.1    11.4    22.9    27.7     8.8    15.3    10.4

Less: Personal outlays..............    54.6     3.1    24.1    40.4    31.4    22.2    77.4    -2.9     5.4    47.1    57.7     5.2    -7.7    29.3

  Personal consumption expenditures.    52.2      .8    21.6    37.9    26.3    20.0    75.8    -4.9     5.4    47.9    60.1     7.3    -6.0    28.7
    Durable goods...................    -7.7    -4.3    -2.4    -4.7     2.5     6.1    25.9   -26.8   -10.1     2.5    17.4     8.6    -5.5    -2.1
    Nondurable goods................    38.7    -5.5      .4    19.5     5.9    -7.3    29.6     2.9    -3.4    12.7    24.0    -8.5   -15.6    18.0
    Services........................    21.2    10.6    23.7    22.9    18.0    21.2    20.4    19.0    18.7    32.7    18.8     7.2    15.1    12.8
  Interest paid by persons..........     2.4     1.5     2.4     2.6     4.1     2.2     1.5     1.0      .1     -.8    -2.4    -2.2    -1.6      .5
  Personal transfer payments to the
   rest of the world (net)..........      .0      .8      .0      .0     1.0      .0      .0      .9      .0      .0      .0      .0      .0      .0

Equals: Personal saving.............     5.4    21.0    21.7    -4.3    14.9      .1   -46.1    31.0     6.0   -24.2   -30.0     3.6    23.0   -18.8

Addendum:
  Disposable personal income:
   Chained (1996) dollars\1\........    27.3    20.2    41.7    13.9    31.1    21.1     2.5    15.4     1.9    12.2   -11.3    -5.3    12.3    -1.9
----------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at the end of the table.

                          Table 3.--Personal Income and Its Disposition, Change from Preceding Period (Months)--Continued
                                         [Billions of dollars; months seasonally adjusted at annual rates]
----------------------------------------------------------------------------------------------------------------------------------------------------
                                      May 01  Jun 01  Jul 01  Aug 01  Sep 01  Oct 01  Nov 01  Dec 01  Jan 02  Feb 02  Mar 02  Apr 02  May 02  Jun 02/p/
----------------------------------------------------------------------------------------------------------------------------------------------------
Personal income.....................   -10.6    13.0    28.8    -9.1     6.5   -22.3     1.5    44.2    44.0    40.7    25.2    35.4    39.4    57.0

  Wage and salary disbursements.....   -17.5     4.3     9.0   -10.6    -6.2   -22.6    -1.2    26.3     1.0    16.2    14.5    -2.7    19.3    32.5
    Private industries..............   -20.2      .6     4.5   -13.1   -11.5   -24.4    -2.6    23.2    -7.4    11.5    11.3    -4.2    16.9    29.6
      Goods-producing industries....    -4.2    -3.6    -2.2    -4.1    -3.7   -11.2    -3.3     1.3    -2.0     1.3      .9    -3.0     1.0     4.5
        Manufacturing...............    -8.0    -5.2    -2.9    -5.2    -3.8    -6.2    -4.3     -.4    -3.1     1.0      .2    -1.0     1.6     2.7
      Distributive industries.......    -4.8     3.8     4.1    -5.3    -8.9    -5.8    -1.2     6.3    -1.7     4.7     6.1    -3.9     6.3     5.1
      Service industries............   -11.1      .3     2.5    -3.6     1.2    -7.6     2.0    15.6    -3.8     5.6     4.3     2.7     9.6    20.1
    Government......................     2.8     3.7     4.5     2.5     5.3     1.8     1.3     3.2     8.5     4.6     3.2     1.5     2.4     2.8

  Other labor income................     1.3     1.7     1.2     1.3     1.5      .9     1.5     1.7     8.2     4.6     4.8     3.9     4.1     4.4

  Proprietors' income with
   inventory valuation and capital
   consumption adjustments..........     3.2     2.2      .2     2.8     3.8    -8.1     1.6     7.4     6.5     6.7     1.9     1.0    -4.1      .0
    Farm............................     -.1      .1      .7      .2      .1     -.3      .1      .2     1.4     1.0      .7    -7.9    -8.3    -1.5
    Nonfarm.........................     3.4     2.1     -.5     2.6     3.6    -7.7     1.5     7.2     5.0     5.8     1.2     8.9     4.2     1.5

  Rental income of persons with
   capital consumption adjustment...      .0     1.2     2.7     3.3     2.4    -2.5    -1.4    -2.3     2.1     1.9     1.9     5.6     5.8     5.8

  Personal dividend income..........     1.1     1.2     1.6     2.2     2.1     2.0     2.1     2.4     2.2     2.0     1.7     2.5     2.3     2.4

  Personal interest income..........    -3.7    -3.6    -3.2    -3.9    -4.2    -7.6    -2.5     -.3    -1.0    -1.0     -.9     8.1     8.1     8.0

  Transfer payments to persons......     4.2     6.7    18.1    -4.4     7.0    14.6     1.6    11.0    30.6    11.5     2.6    16.9     5.3     6.2
    Old-age, survivors, disability,
     and health insurance benefits..     1.5      .5    11.7    -4.5     1.1     1.0     3.2     4.7    10.5     4.5    -4.6     6.5     1.2     1.2
    Government unemployment
     insurance benefits.............     -.9      .4     4.1    -2.1     3.7     6.9    -2.8     3.3     5.8     4.5     3.6     6.9     2.0     2.0
   Other............................     3.6     5.7     2.4     2.2     2.3     6.6     1.2     3.0    14.3     2.4     3.7     3.4     2.3     2.9

  Less: Personal contributions for
   social insurance.................     -.8      .6     1.0     -.3     -.1    -1.0      .2     1.9     5.8     1.2     1.1      .0     1.4     2.3

Less: Personal tax and nontax
 payments...........................    -3.7     2.4   -88.3  -141.5    84.2   121.8    -8.2     7.5  -166.3    -3.9    -3.0    -6.8    -1.5     2.0

Equals: Disposable personal income..    -6.9    10.6   117.0   132.5   -77.7  -144.2     9.8    36.7   210.3    44.5    28.3    42.2    40.9    55.0

Less: Personal outlays..............    35.5    15.1    16.8    19.0   -83.6   174.3   -30.0     8.2    30.6    53.2    15.4    42.5     2.5    40.3

  Personal consumption expenditures.    34.9    14.3    16.6    20.2   -82.0   178.7   -27.1    10.5    32.7    56.2    18.5    37.6    -2.3    35.6
    Durable goods...................     2.9    13.5     -.1     2.4   -23.4   104.0   -34.8   -22.2    -2.6     9.9    -3.7     8.7   -22.8    13.6
    Nondurable goods................    15.0    -4.5     -.9    -2.7      .7     2.5   -10.3    14.6    23.4    15.0     3.0    17.9   -10.9     8.5
    Services........................    17.0     5.4    17.5    20.5   -59.2    72.1    17.9    18.2    11.8    31.4    19.2    10.9    31.6    13.4
  Interest paid by persons..........      .8      .6     -.6    -1.1    -1.8    -3.1    -2.9    -2.2    -3.0    -3.1    -3.0     4.7     4.8     4.7
  Personal transfer payments to the
   rest of the world (net)..........      .0      .0      .9      .0      .0    -1.2      .0      .0      .9      .0      .0      .2      .0      .0

Equals: Personal saving.............   -42.5    -4.5   100.2   113.4     6.0  -318.5    39.8    28.5   179.7    -8.7    12.9     -.4    38.5    14.7

Addendum:
  Disposable personal income:
   Chained (1996) dollars\1\........   -22.3     2.6   107.4   121.0   -39.3  -171.3    11.8    43.2   179.1    27.1    10.0     8.5    40.8    43.6
----------------------------------------------------------------------------------------------------------------------------------------------------
p Preliminary.
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]
--------------------------------------------------------------------------------------------------------------------
                                        1998    1999    2000    2001    I 98   II 98  III 98   IV 98    I 99   II 99
--------------------------------------------------------------------------------------------------------------------
Personal income.....................   489.0   360.5   620.1   278.7   156.9   128.0   107.9    85.1    80.1    66.3

  Wage and salary disbursements.....   303.9   277.6   365.9   114.3    83.2    70.7    71.9    72.1    89.3    37.1
    Private industries..............   275.4   246.2   321.1    72.4    74.7    63.0    63.7    64.4    80.5    31.1
      Goods-producing industries....    63.4    50.1    75.1   -21.3    16.9    11.4     9.9    14.7    16.5     4.4
        Manufacturing...............    38.2    25.4    47.4   -40.0     9.8     5.5     2.7     6.7     8.8     1.7
      Distributive industries.......    69.3    71.9    74.0    14.4    18.0    14.8    18.7    16.7    25.2    10.2
      Service industries............   142.8   124.2   172.0    79.3    39.9    36.8    35.1    32.9    38.9    16.5
    Government......................    28.4    31.5    44.7    41.9     8.4     7.7     8.2     7.8     8.7     6.0

  Other labor income................    15.2    19.6    34.0    26.2    11.4     4.9     5.0     4.5     4.9     4.7

  Proprietors' income with
   inventory valuation and capital
   consumption adjustments..........    42.6    54.6    36.4    13.1    14.2    10.7     9.4    16.8    15.5    14.9
    Farm............................    -4.1     2.1    -5.1    -3.6    -4.8      .8      .5     2.5     2.2     -.4
    Nonfarm.........................    46.7    52.5    41.5    16.6    19.1     9.7     9.0    14.2    13.4    15.3

  Rental income of persons with
   capital consumption adjustment...    10.3    10.5    -2.5    -8.7     1.0     8.4     8.1     2.3     2.4     1.0

  Personal dividend income..........    13.4   -20.3    47.7    33.5     2.3     1.1    -2.2    -1.6   -14.6    -8.3

  Personal interest income..........   100.4     4.8   107.8    14.3    38.4    34.0    15.1    -8.4   -25.4    12.0

  Transfer payments to persons......    21.5    34.8    51.8   100.1    12.2     1.9     4.7     3.4    18.2     7.5
    Old-age, survivors, disability,
     and health insurance benefits..    12.3     9.9    29.2    47.1     8.0      .4     1.2    -1.3     6.6     2.2
    Government unemployment
     insurance benefits.............     -.4      .8      .2    11.4     -.2     -.1     1.0     -.2      .7      .1
   Other............................     9.6    24.1    22.3    41.7     2.8     2.5     2.8     5.0    11.2     5.2

  Less: Personal contributions for
   social insurance.................    18.4    21.1    21.0    13.9     5.7     3.9     4.1     4.1    10.0     2.7

Less: Personal tax and nontax
 payments...........................   101.6    88.7   127.3     5.7    27.7    21.4    28.3    24.8    17.0    16.5

Equals: Disposable personal income..   387.4   271.8   492.8   273.0   129.2   106.6    79.6    60.3    63.0    49.9

Less: Personal outlays..............   338.8   399.2   465.3   304.9    78.6   105.3    77.4    94.1    86.7   123.9

  Personal consumption expenditures.   326.7   390.5   437.2   303.3    79.3   100.1    75.1    94.0    87.5   119.0
    Durable goods...................    50.7    62.7    48.0    32.0     8.5    22.5     2.4    33.4     3.6    21.2
    Nondurable goods................    66.9   121.6   142.8    68.4    16.8    21.4    19.5    27.7    28.7    41.3
    Services........................   209.1   206.2   246.4   203.0    54.0    56.2    53.2    32.9    55.2    56.5
  Interest paid by persons..........     8.9     5.8    25.9      .0     -.8     3.8     2.3    -1.5    -1.2     4.0
  Personal transfer payments to the
   rest of the world (net)..........     3.1     3.0     2.2     1.6      .0     1.4     -.1     1.6      .5      .9

Equals: Personal saving.............    48.6  -127.5    27.5   -31.8    50.6     1.2     2.3   -33.8   -23.7   -74.0

Addendum:
  Disposable personal income:
   Chained (1996) dollars\1\........   314.1   159.8   301.9   117.7   117.0    89.1    56.3    36.7    41.8    12.6
--------------------------------------------------------------------------------------------------------------------
See footnote at the end of the table.

            Table 4.--Personal Income and Its Disposition, Change from Preceding Period (Years and Quarters)--Continued
                                [Billions of dollars; quarters seasonally adjusted at annual rates]
------------------------------------------------------------------------------------------------------------------------------------
                                      III 99   IV 99    I 00   II 00  III 00   IV 00    I 01   II 01  III 01   IV 01    I 02   II 02
------------------------------------------------------------------------------------------------------------------------------------
Personal income.....................    85.5   152.5   251.4   138.6   137.6    88.8    81.5    18.1    30.0    -5.3   109.5   111.1

  Wage and salary disbursements.....    60.7    89.9   179.9    33.4    88.5    38.5    42.6    -3.6    -3.1   -22.3    33.8    36.1
    Private industries..............    52.2    81.3   160.1    20.3    85.4    33.0    25.3   -14.2   -14.4   -30.4    18.6    28.3
      Goods-producing industries....    14.3    17.4    57.0   -13.8    18.7    -8.8    -6.7    -6.3   -10.0   -16.7    -1.1      .2
        Manufacturing...............    11.5     7.5    45.2   -16.4    13.2   -15.5   -13.1   -10.1   -13.7   -13.5    -4.1     1.4
      Distributive industries.......    13.2    27.3    26.4    10.4    18.0     4.6     5.2    -2.7    -1.5   -12.2     7.3     7.6
      Service industries............    24.7    36.7    76.5    23.8    48.7    37.1    26.9    -5.1    -3.0    -1.5    12.5    20.5
    Government......................     8.4     8.7    19.8    13.1     3.1     5.5    17.3    10.6    11.3     8.1    15.2     7.8

  Other labor income................     5.3     5.7    12.2     9.5     8.7     8.7     7.3     3.5     4.2     3.9    14.5    12.8

  Proprietors' income with
   inventory valuation and capital
   consumption adjustments..........     8.5    14.7     5.1    16.3     -.2      .7     1.9     5.4     5.8    -1.1    17.1     1.8
    Farm............................    -4.0     -.3    -3.1     2.7    -3.3     -.5    -1.9     -.9      .9     -.1     2.5   -13.1
    Nonfarm.........................    12.5    15.0     8.2    13.6     3.1     1.2     3.8     6.3     4.9    -1.0    14.6    14.9

  Rental income of persons with
   capital consumption adjustment...    -4.1     6.2     -.6    -4.7    -1.8    -1.4    -6.5    -2.7     6.5    -1.5     2.0    13.3

  Personal dividend income..........      .6     9.1    17.7    18.5    16.4    11.5     5.3     3.5     5.0     6.3     6.4     6.6

  Personal interest income..........    10.7    24.3    32.9    45.6    20.3    15.7    -1.9   -11.2   -10.8   -13.5    -3.0    15.3

  Transfer payments to persons......     7.3     7.5    15.2    20.7    11.1    17.6    40.8    24.1    23.4    22.5    47.0    28.1
    Old-age, survivors, disability,
     and health insurance benefits..     2.4     2.9    10.4    15.4     3.5     6.5    25.2     7.3     9.9     3.9    16.2     6.1
    Government unemployment
     insurance benefits.............     -.6      .0      .1     -.3      .5     1.7     2.2     5.0     3.9     7.9    11.3    12.8
   Other............................     5.5     4.6     4.8     5.6     7.0     9.4    13.4    11.8     9.6    10.7    19.5     9.2

  Less: Personal contributions for
   social insurance.................     3.5     5.0    10.9      .8     5.3     2.5     8.0     1.1      .9     -.4     8.2     2.9

Less: Personal tax and nontax
 payments...........................    25.2    34.6    54.5    16.7    26.6    17.1    23.9    -4.5  -154.2   127.8  -167.6   -10.4

Equals: Disposable personal income..    60.3   117.9   196.9   121.9   111.0    71.6    57.7    22.5   184.2  -133.0   277.1   121.5

Less: Personal outlays..............   106.9   122.2   146.5    93.9   106.9    75.4    91.8    54.6    23.5   107.6    66.7    85.6

  Personal consumption expenditures.   103.8   115.1   137.7    86.5    97.4    71.9    96.7    55.1    23.9   116.2    74.3    79.0
    Durable goods...................    15.2    14.8    28.5    -9.1    11.3   -13.4    19.6     3.5     3.7    58.6   -23.6    -1.2
    Nondurable goods................    26.9    50.4    35.2    38.0    24.0    22.2    20.4    13.3     -.5      .1    40.7    20.5
    Services........................    61.8    49.8    74.0    57.6    62.1    63.1    56.7    38.3    20.7    57.5    57.2    59.7
  Interest paid by persons..........     2.6     6.7     8.8     6.4     8.6     2.6    -4.9     -.6    -1.2    -7.4    -8.5     6.4
  Personal transfer payments to the
   rest of the world (net)..........      .4      .6      .0      .8     1.0      .9      .0      .0      .9    -1.2      .9      .2

Equals: Personal saving.............   -46.6    -4.3    50.4    28.1     4.0    -3.8   -34.0   -32.1   160.6  -240.7   210.5    35.9

Addendum:
  Disposable personal income:
   Chained (1996) dollars\1\........    24.0    74.3   131.1    77.2    69.2    29.4    -1.9    -9.5   169.2  -134.9   233.4    65.8
------------------------------------------------------------------------------------------------------------------------------------
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]
------------------------------------------------------------------------------------------------------------------------------------------------------------
                                      Dec 98  Jan 99  Feb 99  Mar 99  Apr 99  May 99  Jun 99  Jul 99  Aug 99  Sep 99  Oct 99  Nov 99  Dec 99  Jan 00  Feb 00
------------------------------------------------------------------------------------------------------------------------------------------------------------
Personal income.....................      .2      .5      .2      .2      .2      .4      .4      .3      .6      .1      .9      .7      .9     1.5      .7
  Wage and salary disbursements.....      .4     1.1      .7      .1      .1      .5      .2      .5      .6      .4      .7      .7     1.1     2.3      .6
  Other labor income................      .3      .4      .3      .2      .4      .3      .4      .3      .4      .4      .3      .4      .4     1.3      .7
  Proprietors' income with
   inventory valuation and capital
   consumption adjustments..........     1.0      .9      .4     1.0     1.0     -.2     1.7     -.1     1.0    -1.0     1.3     1.5      .6    -1.3      .7
  Rental income of persons with
   capital consumption adjustment...      .4      .9      .2      .3      .2      .3      .2      .0      .2    -9.2    10.7      .6      .0      .0     -.4
  Personal dividend income..........     -.2    -2.7    -1.5    -1.2     -.8     -.5     -.3      .1      .4      .6      .9     1.2     1.5     1.9     2.0
  Personal interest income..........     -.9    -1.3    -1.0      .3      .7      .7      .7     -.2      .5      .7      .9      .9     1.0     1.0     1.2
  Transfer payments to persons......      .1     1.4      .1      .6     -.1      .4      .3     -.1      .6      .2      .3      .0      .4      .9      .4
  Less: Personal contributions for
   social insurance.................      .3     2.2      .6      .1      .1      .4      .2      .4      .4      .3      .5      .5      .8     2.2      .3

Less: Personal tax and nontax
 payments...........................      .8     -.1     1.0      .0      .1     1.1      .8      .9     -.4     2.0      .7      .9     1.3     2.4     1.1

Equals: Disposable personal income..      .1      .6      .1      .3      .2      .3      .3      .1      .8     -.2      .9      .7      .8     1.4      .7

Addenda:
  Personal consumption expenditures.      .8      .1      .7      .7     1.0      .1      .7      .6      .6      .5      .6      .3     1.6      .0     1.1
    Durable goods...................     2.8    -3.9     3.1     1.7     1.3    -2.5     3.3      .2      .5      .5      .3     -.1     3.5      .8     1.3
    Nondurable goods................      .7      .4      .7      .2     1.6      .5      .1      .3      .9      .9      .7      .2     2.7    -1.8     1.7
    Services........................      .4      .9      .1      .7      .6      .5      .5      .8      .5      .3      .5      .4      .6      .8      .7

  Disposable personal income, based
   on chained (1996) dollars........      .0      .4      .2      .3     -.3      .2      .3     -.1      .6     -.5      .7      .6      .6     1.1      .3
------------------------------------------------------------------------------------------------------------------------------------------------------------

                      Table 5.--Personal Income and Its Disposition, Percent Change from Preceding Period (Months)--Continued
                                               [Percent; months seasonally adjusted at monthly rates]
----------------------------------------------------------------------------------------------------------------------------------------------------
                                      Mar 00  Apr 00  May 00  Jun 00  Jul 00  Aug 00  Sep 00  Oct 00  Nov 00  Dec 00  Jan 01  Feb 01  Mar 01  Apr 01
----------------------------------------------------------------------------------------------------------------------------------------------------
Personal income.....................      .8      .3      .6      .6      .6      .4      .5      .4      .2      .3      .5      .1      .2      .1
  Wage and salary disbursements.....      .6      .0     -.1      .7     1.2      .1      .5      .3      .2      .1      .6      .2      .2      .0
  Other labor income................      .6      .6      .6      .6      .5      .5      .6      .5      .5      .5      .6      .3      .2      .2
  Proprietors' income with
   inventory valuation and capital
   consumption adjustments..........     2.0     -.1      .8      .9    -1.4     1.1     -.7      .0      .3      .0     -.1     -.1      .8     -.1
  Rental income of persons with
   capital consumption adjustment...     -.7    -1.7     -.8     -.6     -.2     -.4     -.3      .3     -.7    -1.1    -2.5    -1.3    -1.0    -1.2
  Personal dividend income..........     1.8     1.7     1.6     1.6     1.5     1.4     1.2     1.0      .8      .6      .4      .3      .3      .3
  Personal interest income..........     1.3     1.7     1.5     1.2      .1      .6      .5      .7      .3      .1     -.2     -.1     -.2     -.5
  Transfer payments to persons......      .2      .5     2.3     -.8      .2      .7      .7      .5     -.1     1.7     2.1      .5      .7     1.1
  Less: Personal contributions for
   social insurance.................      .4     -.1     -.3      .5     1.0      .1      .5      .2      .2      .2     1.8      .3      .2      .1

Less: Personal tax and nontax
 payments...........................      .6      .2      .1     1.0      .6      .9      .6      .2      .3      .4     1.2      .2      .2     -.4

Equals: Disposable personal income..      .9      .3      .7      .5      .7      .3      .4      .4      .2      .3      .4      .1      .2      .1

Addenda:
  Personal consumption expenditures.      .8      .0      .3      .6      .4      .3     1.1     -.1      .1      .7      .9      .1     -.1      .4
    Durable goods...................     -.9     -.5     -.3     -.6      .3      .8     3.2    -3.2    -1.2      .3     2.2     1.0     -.7     -.3
    Nondurable goods................     2.0     -.3      .0     1.0      .3     -.4     1.5      .1     -.2      .6     1.2     -.4     -.8      .9
    Services........................      .6      .3      .6      .6      .5      .5      .5      .5      .5      .8      .5      .2      .4      .3

  Disposable personal income, based
   on chained (1996) dollars........      .4      .3      .6      .2      .5      .3      .0      .2      .0      .2     -.2     -.1      .2      .0
----------------------------------------------------------------------------------------------------------------------------------------------------

                      Table 5.--Personal Income and Its Disposition, Percent Change from Preceding Period (Months)--Continued
                                               [Percent; months seasonally adjusted at monthly rates]
----------------------------------------------------------------------------------------------------------------------------------------------------
                                      May 01  Jun 01  Jul 01  Aug 01  Sep 01  Oct 01  Nov 01  Dec 01  Jan 02  Feb 02  Mar 02  Apr 02  May 02  Jun 02/p/
----------------------------------------------------------------------------------------------------------------------------------------------------
Personal income.....................     -.1      .1      .3     -.1      .1     -.3      .0      .5      .5      .5      .3      .4      .4      .6
  Wage and salary disbursements.....     -.4      .1      .2     -.2     -.1     -.5      .0      .5      .0      .3      .3     -.1      .4      .6
  Other labor income................      .2      .3      .2      .2      .3      .2      .3      .3     1.4      .8      .8      .7      .7      .7
  Proprietors' income with
   inventory valuation and capital
   consumption adjustments..........      .5      .3      .0      .4      .5    -1.1      .2     1.0      .9      .9      .3      .1     -.5      .0
  Rental income of persons with
   capital consumption adjustment...      .0      .9     2.1     2.4     1.7    -1.8    -1.0    -1.6     1.6     1.3     1.4     3.9     3.9     3.8
  Personal dividend income..........      .3      .3      .4      .5      .5      .5      .5      .6      .5      .5      .4      .6      .5      .5
  Personal interest income..........     -.3     -.3     -.3     -.4     -.4     -.7     -.2      .0     -.1     -.1     -.1      .8      .7      .7
  Transfer payments to persons......      .4      .6     1.6     -.4      .6     1.2      .1      .9     2.5      .9      .2     1.3      .4      .5
  Less: Personal contributions for
   social insurance.................     -.2      .2      .3     -.1      .0     -.3      .0      .5     1.5      .3      .3      .0      .4      .6

Less: Personal tax and nontax
 payments...........................     -.3      .2    -6.6   -11.3     7.6    10.2     -.6      .6   -12.7     -.3     -.3     -.6     -.1      .2

Equals: Disposable personal income..     -.1      .1     1.6     1.8    -1.0    -1.9      .1      .5     2.8      .6      .4      .5      .5      .7

Addenda:
  Personal consumption expenditures.      .5      .2      .2      .3    -1.2     2.6     -.4      .1      .5      .8      .3      .5      .0      .5
    Durable goods...................      .4     1.7      .0      .3    -2.8    12.9    -3.8    -2.5     -.3     1.2     -.4     1.0    -2.6     1.6
    Nondurable goods................      .7     -.2      .0     -.1      .0      .1     -.5      .7     1.1      .7      .1      .9     -.5      .4
    Services........................      .4      .1      .4      .5    -1.4     1.8      .4      .4      .3      .7      .5      .3      .7      .3

  Disposable personal income, based
   on chained (1996) dollars........     -.3      .0     1.6     1.8     -.6    -2.5      .2      .6     2.6      .4      .1      .1      .6      .6
----------------------------------------------------------------------------------------------------------------------------------------------------
p Preliminary.

      Table 6.--Personal Income and Its Disposition, Percent Change from Preceding Period (Years and Quarters)
                              [Percent; quarters seasonally adjusted at annual rates]
--------------------------------------------------------------------------------------------------------------------
                                        1998    1999    2000    2001    I 98   II 98  III 98   IV 98    I 99   II 99
--------------------------------------------------------------------------------------------------------------------
Personal income.....................     7.0     4.9     8.0     3.3     9.1     7.2     6.0     4.6     4.3     3.5
  Wage and salary disbursements.....     7.8     6.6     8.2     2.4     8.6     7.1     7.1     7.0     8.6     3.4
  Other labor income................     3.2     4.0     6.7     4.8     9.9     4.2     4.1     3.8     4.0     3.8
  Proprietors' income with
   inventory valuation and capital
   consumption adjustments..........     7.3     8.8     5.4     1.8    10.0     7.2     6.3    11.1    10.0     9.4
  Rental income of persons with
   capital consumption adjustment...     8.0     7.6    -1.7    -6.0     3.2    29.4    25.8     6.7     6.6     2.8
  Personal dividend income..........     4.0    -5.8    14.5     8.9     2.7     1.2    -2.4    -1.8   -15.9    -9.6
  Personal interest income..........    11.6      .5    11.1     1.3    18.3    15.4     6.4    -3.4   -10.1     5.2
  Transfer payments to persons......     2.2     3.5     5.1     9.4     5.1      .8     1.9     1.4     7.6     3.0
  Less: Personal contributions for
   social insurance.................     6.2     6.7     6.2     3.9     7.7     5.1     5.3     5.3    13.0     3.2

Less: Personal tax and nontax
 payments...........................    10.5     8.3    11.0      .4    11.5     8.5    11.1     9.5     6.3     6.0

Equals: Disposable personal income..     6.5     4.3     7.4     3.8     8.8     7.0     5.1     3.8     4.0     3.1

Addenda:
  Personal consumption expenditures.     5.9     6.7     7.0     4.5     5.7     7.2     5.3     6.5     6.0     8.1
    Durable goods...................     7.9     9.0     6.4     4.0     5.3    14.2     1.4    20.8     2.0    12.1
    Nondurable goods................     4.1     7.1     7.8     3.5     4.1     5.2     4.7     6.6     6.7     9.7
    Services........................     6.4     6.0     6.7     5.2     6.7     6.8     6.3     3.8     6.4     6.5

  Disposable personal income, based
   on chained (1996) dollars........     5.4     2.6     4.8     1.8     8.1     6.0     3.7     2.4     2.7      .8
--------------------------------------------------------------------------------------------------------------------

        Table 6.--Personal Income and Its Disposition, Percent Change from Preceding Period (Years and Quarters)--Continued
                                      [Percent; quarters seasonally adjusted at annual rates]
------------------------------------------------------------------------------------------------------------------------------------
                                      III 99   IV 99    I 00   II 00  III 00   IV 00    I 01   II 01  III 01   IV 01    I 02   II 02
------------------------------------------------------------------------------------------------------------------------------------
Personal income.....................     4.5     8.0    13.2     6.9     6.8     4.2     3.9      .8     1.4     -.2     5.1     5.1
  Wage and salary disbursements.....     5.6     8.3    16.7     2.8     7.6     3.2     3.5     -.3     -.3    -1.8     2.8     2.9
  Other labor income................     4.3     4.5     9.8     7.4     6.6     6.4     5.4     2.5     3.0     2.8    10.4     9.0
  Proprietors' income with
   inventory valuation and capital
   consumption adjustments..........     5.2     8.9     3.0     9.6     -.1      .4     1.0     3.0     3.3     -.6     9.7     1.0
  Rental income of persons with
   capital consumption adjustment...   -10.5    17.9    -1.4   -11.8    -5.0    -3.6   -16.9    -7.8    20.9    -4.3     5.9    43.3
  Personal dividend income..........      .8    11.8    22.9    22.9    19.0    12.4     5.4     3.6     5.0     6.3     6.3     6.4
  Personal interest income..........     4.5    10.4    13.9    18.9     7.8     5.9     -.7    -4.0    -3.9    -4.9    -1.1     5.8
  Transfer payments to persons......     2.9     3.0     6.0     8.2     4.2     6.7    15.8     8.8     8.3     7.8    16.5     9.3
  Less: Personal contributions for
   social insurance.................     4.3     6.0    13.4      .9     6.1     2.8     9.2     1.1     1.0     -.4     9.2     3.0

Less: Personal tax and nontax
 payments...........................     9.1    12.4    19.4     5.4     8.6     5.4     7.4    -1.3   -38.8    50.8   -42.2    -3.6

Equals: Disposable personal income..     3.7     7.3    12.2     7.2     6.4     4.0     3.2     1.2    10.4    -6.9    15.9     6.5

Addenda:
  Personal consumption expenditures.     6.9     7.5     8.9     5.4     6.0     4.3     5.8     3.2     1.4     6.8     4.3     4.5
    Durable goods...................     8.4     7.9    15.5    -4.4     5.8    -6.4    10.2     1.7     1.8    31.6   -10.3     -.5
    Nondurable goods................     6.0    11.4     7.6     8.1     5.0     4.5     4.1     2.6     -.1      .0     8.2     4.0
    Services........................     7.0     5.5     8.1     6.2     6.6     6.6     5.8     3.8     2.0     5.7     5.6     5.8

  Disposable personal income, based
   on chained (1996) dollars........     1.5     4.8     8.4     4.8     4.3     1.8     -.1     -.6    10.5    -7.6    14.6     3.8
------------------------------------------------------------------------------------------------------------------------------------

                                     Table 7.--Real Personal Consumption Expenditures by Major Type of Product (Months)
                                                [Months seasonally adjusted at annual rates except as noted]
------------------------------------------------------------------------------------------------------------------------------------------------------------
                                      Dec 98  Jan 99  Feb 99  Mar 99  Apr 99  May 99  Jun 99  Jul 99  Aug 99  Sep 99  Oct 99  Nov 99  Dec 99  Jan 00  Feb 00
------------------------------------------------------------------------------------------------------------------------------------------------------------
                                    ------------------------------------------------------------------------------------------------------------------------
                                                                               Billions of chained (1996) dollars
                                    ------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures... 5,817.0 5,811.1 5,852.0 5,891.2 5,917.5 5,920.7 5,960.1 5,980.7 6,004.0 6,015.4 6,038.7 6,050.8 6,131.4 6,114.7 6,159.6
  Durable goods.....................   783.4   753.9   781.0   798.0   807.5   788.3   816.8   819.2   824.7   828.5   832.8   833.8   866.0   873.4   887.1
  Nondurable goods.................. 1,724.2 1,724.1 1,739.9 1,744.2 1,748.6 1,760.0 1,761.5 1,760.2 1,769.0 1,773.8 1,782.4 1,788.4 1,828.7 1,792.1 1,809.6
  Services.......................... 3,316.3 3,336.6 3,337.5 3,356.6 3,369.7 3,378.7 3,390.8 3,410.0 3,419.5 3,422.6 3,433.2 3,438.3 3,450.5 3,463.7 3,479.0
                                    ------------------------------------------------------------------------------------------------------------------------
                                                                                Change from preceding period in
                                                                               billions of chained (1996) dollars
                                    ------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures...    39.8    -5.9    40.9    39.2    26.3     3.2    39.4    20.6    23.3    11.4    23.3    12.1    80.6   -16.7    44.9
  Durable goods.....................    23.2   -29.5    27.1    17.0     9.5   -19.2    28.5     2.4     5.5     3.8     4.3     1.0    32.2     7.4    13.7
  Nondurable goods..................     7.3     -.1    15.8     4.3     4.4    11.4     1.5    -1.3     8.8     4.8     8.6     6.0    40.3   -36.6    17.5
  Services..........................    11.2    20.3      .9    19.1    13.1     9.0    12.1    19.2     9.5     3.1    10.6     5.1    12.2    13.2    15.3
                                    ------------------------------------------------------------------------------------------------------------------------
                                                                            Percent change from preceding period in
                                                                            chained (1996) dollars at monthly rates
                                    ------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures...      .7     -.1      .7      .7      .4      .1      .7      .3      .4      .2      .4      .2     1.3     -.3      .7
  Durable goods.....................     3.1    -3.8     3.6     2.2     1.2    -2.4     3.6      .3      .7      .5      .5      .1     3.9      .8     1.6
  Nondurable goods..................      .4      .0      .9      .2      .3      .6      .1     -.1      .5      .3      .5      .3     2.3    -2.0     1.0
  Services..........................      .3      .6      .0      .6      .4      .3      .4      .6      .3      .1      .3      .1      .4      .4      .4
------------------------------------------------------------------------------------------------------------------------------------------------------------

                           Table 7.--Real Personal Consumption Expenditures by Major Type of Product (Months)--Continued
                                            [Months seasonally adjusted at annual rates except as noted]
----------------------------------------------------------------------------------------------------------------------------------------------------
                                      Mar 00  Apr 00  May 00  Jun 00  Jul 00  Aug 00  Sep 00  Oct 00  Nov 00  Dec 00  Jan 01  Feb 01  Mar 01  Apr 01
----------------------------------------------------------------------------------------------------------------------------------------------------
                                    ----------------------------------------------------------------------------------------------------------------
                                                                           Billions of chained (1996) dollars
                                    ----------------------------------------------------------------------------------------------------------------
Personal consumption expenditures... 6,181.2 6,179.8 6,199.1 6,215.8 6,229.0 6,247.9 6,293.5 6,279.0 6,275.8 6,311.6 6,332.3 6,326.4 6,319.3 6,334.7
  Durable goods.....................   878.0   874.5   870.8   868.7   872.9   882.2   910.3   882.7   871.5   875.2   893.0   905.8   903.0   902.6
  Nondurable goods.................. 1,827.4 1,826.4 1,832.2 1,836.3 1,837.4 1,836.8 1,848.7 1,852.0 1,846.8 1,860.3 1,876.6 1,862.4 1,852.1 1,860.1
  Services.......................... 3,490.2 3,492.8 3,508.9 3,522.8 3,531.1 3,542.2 3,551.8 3,557.1 3,568.2 3,586.6 3,576.3 3,573.9 3,578.9 3,586.5
                                    ----------------------------------------------------------------------------------------------------------------

                                                                            Change from preceding period in
                                                                           billions of chained (1996) dollars
                                    ----------------------------------------------------------------------------------------------------------------
Personal consumption expenditures...    21.6    -1.4    19.3    16.7    13.2    18.9    45.6   -14.5    -3.2    35.8    20.7    -5.9    -7.1    15.4
  Durable goods.....................    -9.1    -3.5    -3.7    -2.1     4.2     9.3    28.1   -27.6   -11.2     3.7    17.8    12.8    -2.8     -.4
  Nondurable goods..................    17.8    -1.0     5.8     4.1     1.1     -.6    11.9     3.3    -5.2    13.5    16.3   -14.2   -10.3     8.0
  Services..........................    11.2     2.6    16.1    13.9     8.3    11.1     9.6     5.3    11.1    18.4   -10.3    -2.4     5.0     7.6
                                    ----------------------------------------------------------------------------------------------------------------
                                                                        Percent change from preceding period in
                                                                        chained (1996) dollars at monthly rates
                                    ----------------------------------------------------------------------------------------------------------------
Personal consumption expenditures...      .4      .0      .3      .3      .2      .3      .7     -.2     -.1      .6      .3     -.1     -.1      .2
  Durable goods.....................    -1.0     -.4     -.4     -.2      .5     1.1     3.2    -3.0    -1.3      .4     2.0     1.4     -.3      .0
  Nondurable goods..................     1.0     -.1      .3      .2      .1      .0      .6      .2     -.3      .7      .9     -.8     -.6      .4
  Services..........................      .3      .1      .5      .4      .2      .3      .3      .1      .3      .5     -.3     -.1      .1      .2
----------------------------------------------------------------------------------------------------------------------------------------------------

                           Table 7.--Real Personal Consumption Expenditures by Major Type of Product (Months)--Continued
                                            [Months seasonally adjusted at annual rates except as noted]
----------------------------------------------------------------------------------------------------------------------------------------------------
                                      May 01  Jun 01  Jul 01  Aug 01  Sep 01  Oct 01  Nov 01  Dec 01  Jan 02  Feb 02  Mar 02  Apr 02  May 02  Jun 02/p/
----------------------------------------------------------------------------------------------------------------------------------------------------
                                    ----------------------------------------------------------------------------------------------------------------
                                                                           Billions of chained (1996) dollars
                                    ----------------------------------------------------------------------------------------------------------------
Personal consumption expenditures... 6,351.4 6,357.9 6,373.7 6,392.3 6,346.9 6,472.3 6,450.3 6,469.3 6,487.4 6,526.0 6,528.1 6,534.3 6,535.9 6,562.4
  Durable goods.....................   909.3   925.2   925.9   932.6   909.4 1,026.5   987.1   962.4   963.6   982.9   981.2   992.8   966.8   985.5
  Nondurable goods.................. 1,866.2 1,860.7 1,872.1 1,875.3 1,857.4 1,873.5 1,877.2 1,904.4 1,920.5 1,926.1 1,917.5 1,915.3 1,917.2 1,923.3
  Services.......................... 3,591.2 3,590.3 3,593.9 3,603.4 3,595.1 3,608.7 3,614.7 3,626.3 3,627.3 3,644.0 3,655.2 3,654.6 3,673.8 3,679.3
                                    ----------------------------------------------------------------------------------------------------------------
                                                                            Change from preceding period in
                                                                           billions of chained (1996) dollars
                                    ----------------------------------------------------------------------------------------------------------------
Personal consumption expenditures...    16.7     6.5    15.8    18.6   -45.4   125.4   -22.0    19.0    18.1    38.6     2.1     6.2     1.6    26.5
  Durable goods.....................     6.7    15.9      .7     6.7   -23.2   117.1   -39.4   -24.7     1.2    19.3    -1.7    11.6   -26.0    18.7
  Nondurable goods..................     6.1    -5.5    11.4     3.2   -17.9    16.1     3.7    27.2    16.1     5.6    -8.6    -2.2     1.9     6.1
  Services..........................     4.7     -.9     3.6     9.5    -8.3    13.6     6.0    11.6     1.0    16.7    11.2     -.6    19.2     5.5
                                    ----------------------------------------------------------------------------------------------------------------
                                                                        Percent change from preceding period in
                                                                        chained (1996) dollars at monthly rates
                                    ----------------------------------------------------------------------------------------------------------------
Personal consumption expenditures...      .3      .1      .2      .3     -.7     2.0     -.3      .3      .3      .6      .0      .1      .0      .4
  Durable goods.....................      .7     1.8      .1      .7    -2.5    12.9    -3.8    -2.5      .1     2.0     -.2     1.2    -2.6     1.9
  Nondurable goods..................      .3     -.3      .6      .2    -1.0      .9      .2     1.5      .8      .3     -.4     -.1      .1      .3
  Services..........................      .1      .0      .1      .3     -.2      .4      .2      .3      .0      .5      .3      .0      .5      .2
----------------------------------------------------------------------------------------------------------------------------------------------------
p Preliminary.

           Table 8.--Real Personal Consumption Expenditures by Major Type of Product (Years and Quarters)
                                   [Quarters seasonally adjusted at annual rates]
--------------------------------------------------------------------------------------------------------------------
                                        1998    1999    2000    2001    I 98   II 98  III 98   IV 98    I 99   II 99
--------------------------------------------------------------------------------------------------------------------
                                    --------------------------------------------------------------------------------
                                                           Billions of chained (1996) dollars
                                    --------------------------------------------------------------------------------
Personal consumption expenditures... 5,683.7 5,964.5 6,223.9 6,377.2 5,576.3 5,660.2 5,713.7 5,784.7 5,851.4 5,932.8
  Durable goods.....................   726.7   812.5   878.9   931.9   692.5   719.7   727.1   767.3   777.6   804.2
  Nondurable goods.................. 1,686.4 1,765.1 1,833.8 1,869.8 1,656.3 1,680.5 1,693.6 1,715.3 1,736.1 1,756.7
  Services.......................... 3,273.4 3,395.4 3,524.5 3,594.9 3,228.4 3,262.3 3,295.2 3,307.6 3,343.6 3,379.7
                                    --------------------------------------------------------------------------------
                                                            Change from preceding period in
                                                           billions of chained (1996) dollars
                                    --------------------------------------------------------------------------------
Personal consumption expenditures...   259.8   280.8   259.4   153.3    69.2    83.9    53.5    71.0    66.7    81.4
  Durable goods.....................    69.4    85.8    66.4    53.0    11.6    27.2     7.4    40.2    10.3    26.6
  Nondurable goods..................    66.5    78.7    68.7    36.0    22.2    24.2    13.1    21.7    20.8    20.6
  Services..........................   126.4   122.0   129.1    70.4    35.4    33.9    32.9    12.4    36.0    36.1
                                    --------------------------------------------------------------------------------
                                                        Percent change from preceding period in
                                                         chained (1996) dollars at annual rates
                                    --------------------------------------------------------------------------------
Personal consumption expenditures...     4.8     4.9     4.4     2.5     5.1     6.2     3.8     5.1     4.7     5.7
  Durable goods.....................    10.5    11.8     8.2     6.0     7.0    16.6     4.2    24.0     5.5    14.4
  Nondurable goods..................     4.1     4.7     3.9     2.0     5.6     6.0     3.2     5.2     4.9     4.8
  Services..........................     4.0     3.7     3.8     2.0     4.5     4.3     4.1     1.5     4.4     4.4
--------------------------------------------------------------------------------------------------------------------

             Table 8.--Real Personal Consumption Expenditures by Major Type of Product (Years and Quarters)--Continued
                                           [Quarters seasonally adjusted at annual rates]
------------------------------------------------------------------------------------------------------------------------------------
                                      III 99   IV 99    I 00   II 00  III 00   IV 00    I 01   II 01  III 01   IV 01    I 02   II 02
------------------------------------------------------------------------------------------------------------------------------------
                                    ------------------------------------------------------------------------------------------------
                                                                   Billions of chained (1996) dollars
                                    ------------------------------------------------------------------------------------------------
Personal consumption expenditures... 6,000.1 6,073.6 6,151.9 6,198.2 6,256.8 6,288.8 6,326.0 6,348.0 6,370.9 6,464.0 6,513.8 6,544.2
  Durable goods.....................   824.1   844.2   879.5   871.3   888.5   876.5   900.6   912.4   922.6   992.0   975.9   981.7
  Nondurable goods.................. 1,767.7 1,799.9 1,809.7 1,831.6 1,840.9 1,853.1 1,863.7 1,862.3 1,868.3 1,885.0 1,921.4 1,918.6
  Services.......................... 3,417.4 3,440.7 3,477.7 3,508.2 3,541.7 3,570.6 3,576.3 3,589.3 3,597.5 3,616.6 3,642.2 3,669.2
                                    ------------------------------------------------------------------------------------------------
                                                                    Change from preceding period in
                                                                   billions of chained (1996) dollars
                                    ------------------------------------------------------------------------------------------------
Personal consumption expenditures...    67.3    73.5    78.3    46.3    58.6    32.0    37.2    22.0    22.9    93.1    49.8    30.4
  Durable goods.....................    19.9    20.1    35.3    -8.2    17.2   -12.0    24.1    11.8    10.2    69.4   -16.1     5.8
  Nondurable goods..................    11.0    32.2     9.8    21.9     9.3    12.2    10.6    -1.4     6.0    16.7    36.4    -2.8
  Services..........................    37.7    23.3    37.0    30.5    33.5    28.9     5.7    13.0     8.2    19.1    25.6    27.0
                                    ------------------------------------------------------------------------------------------------
                                                                Percent change from preceding period in
                                                                 chained (1996) dollars at annual rates
                                    ------------------------------------------------------------------------------------------------
Personal consumption expenditures...     4.6     5.0     5.3     3.0     3.8     2.1     2.4     1.4     1.5     6.0     3.1     1.9
  Durable goods.....................    10.3    10.1    17.8    -3.7     8.1    -5.3    11.5     5.3     4.6    33.6    -6.3     2.4
  Nondurable goods..................     2.5     7.5     2.2     4.9     2.0     2.7     2.3     -.3     1.3     3.6     7.9     -.6
  Services..........................     4.5     2.8     4.4     3.6     3.9     3.3      .6     1.5      .9     2.1     2.9     3.0
------------------------------------------------------------------------------------------------------------------------------------

                   Table 9.--Price Indexes for Personal Consumption Expenditures: Level and Percent Change From Preceding Period (Months)
------------------------------------------------------------------------------------------------------------------------------------------------------------
                                      Dec 98  Jan 99  Feb 99  Mar 99  Apr 99  May 99  Jun 99  Jul 99  Aug 99  Sep 99  Oct 99  Nov 99  Dec 99  Jan 00  Feb 00
------------------------------------------------------------------------------------------------------------------------------------------------------------
                                    ------------------------------------------------------------------------------------------------------------------------
                                                                              Chain-type price indexes (1996=100),
                                                                                      seasonally adjusted
                                    ------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures...  103.62  103.88  103.83  103.86  104.39  104.44  104.49  104.73  104.96  105.31  105.50  105.57  105.80  106.10  106.49
  Durable goods.....................   94.24   94.10   93.68   93.27   93.41   93.27   93.00   92.89   92.78   92.80   92.59   92.42   92.10   92.05   91.81
  Nondurable goods..................  101.83  102.27  102.09  102.08  103.40  103.24  103.27  103.67  104.10  104.77  105.03  104.93  105.40  105.61  106.39
  Services..........................  106.54  106.80  106.90  107.07  107.26  107.48  107.61  107.86  108.05  108.32  108.56  108.79  109.02  109.45  109.79
Addendum:
  Personal consumption expenditures
   less food and energy.............  104.20  104.45  104.40  104.39  104.69  104.80  104.87  105.03  105.10  105.37  105.52  105.59  105.72  105.99  106.17
                                    ------------------------------------------------------------------------------------------------------------------------
                                                                              Percent change from preceding period
                                                                               in price indexes at monthly rates
                                    ------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures...      .1      .2      .0      .0      .5      .1      .0      .2      .2      .3      .2      .1      .2      .3      .4
  Durable goods.....................     -.3     -.1     -.4     -.4      .1     -.2     -.3     -.1     -.1      .0     -.2     -.2     -.4     -.1     -.3
  Nondurable goods..................      .2      .4     -.2      .0     1.3     -.2      .0      .4      .4      .6      .3     -.1      .4      .2      .7
  Services..........................      .1      .2      .1      .2      .2      .2      .1      .2      .2      .2      .2      .2      .2      .4      .3
Addendum:
  Personal consumption expenditures
   less food and energy.............      .2      .2      .0      .0      .3      .1      .1      .2      .1      .3      .1      .1      .1      .2      .2
------------------------------------------------------------------------------------------------------------------------------------------------------------

         Table 9.--Price Indexes for Personal Consumption Expenditures: Level and Percent Change From Preceding Period (Months)--Continued
----------------------------------------------------------------------------------------------------------------------------------------------------
                                      Mar 00  Apr 00  May 00  Jun 00  Jul 00  Aug 00  Sep 00  Oct 00  Nov 00  Dec 00  Jan 01  Feb 01  Mar 01  Apr 01
----------------------------------------------------------------------------------------------------------------------------------------------------
                                    ----------------------------------------------------------------------------------------------------------------
                                                                          Chain-type price indexes (1996=100),
                                                                                  seasonally adjusted
                                    ----------------------------------------------------------------------------------------------------------------
Personal consumption expenditures...  106.96  107.00  107.01  107.33  107.53  107.52  107.95  108.12  108.26  108.40  109.00  109.21  109.24  109.43
  Durable goods.....................   91.89   91.78   91.88   91.56   91.42   91.13   91.16   90.97   90.99   90.89   91.03   90.68   90.34   90.15
  Nondurable goods..................  107.47  107.22  106.90  107.72  107.98  107.62  108.52  108.48  108.61  108.50  108.83  109.21  108.97  109.47
  Services..........................  110.04  110.27  110.44  110.65  110.90  111.15  111.42  111.80  111.97  112.31  113.15  113.43  113.69  113.81
Addendum:
  Personal consumption expenditures
   less food and energy.............  106.43  106.64  106.70  106.69  106.86  106.98  107.21  107.35  107.53  107.63  108.05  108.29  108.44  108.52
                                    ----------------------------------------------------------------------------------------------------------------
                                                                          Percent change from preceding period
                                                                           in price indexes at monthly rates
                                    ----------------------------------------------------------------------------------------------------------------
Personal consumption expenditures...      .4      .0      .0      .3      .2      .0      .4      .2      .1      .1      .5      .2      .0      .2
  Durable goods.....................      .1     -.1      .1     -.3     -.2     -.3      .0     -.2      .0     -.1      .1     -.4     -.4     -.2
  Nondurable goods..................     1.0     -.2     -.3      .8      .2     -.3      .8      .0      .1     -.1      .3      .3     -.2      .5
  Services..........................      .2      .2      .2      .2      .2      .2      .2      .3      .2      .3      .8      .2      .2      .1
Addendum:
  Personal consumption expenditures
   less food and energy.............      .2      .2      .1      .0      .2      .1      .2      .1      .2      .1      .4      .2      .1      .1
----------------------------------------------------------------------------------------------------------------------------------------------------

               Table 9.--Price Indexes for Personal Consumption Expenditures: Level and Percent Change From Preceding Period (Months)
----------------------------------------------------------------------------------------------------------------------------------------------------
                                      May 01  Jun 01  Jul 01  Aug 01  Sep 01  Oct 01  Nov 01  Dec 01  Jan 02  Feb 02  Mar 02  Apr 02  May 02  Jun 02/p/
----------------------------------------------------------------------------------------------------------------------------------------------------
                                    ----------------------------------------------------------------------------------------------------------------
                                                                          Chain-type price indexes (1996=100),
                                                                                  seasonally adjusted
                                    ----------------------------------------------------------------------------------------------------------------
Personal consumption expenditures...  109.69  109.80  109.79  109.79  109.28  109.92  109.88  109.72  109.92  110.13  110.38  110.85  110.78  110.88
  Durable goods.....................   89.81   89.72   89.64   89.25   88.97   88.94   88.97   88.94   88.56   87.83   87.60   87.46   87.45   87.18
  Nondurable goods..................  109.91  110.00  109.28  108.95  110.03  109.22  108.46  107.67  107.99  108.46  109.10  110.17  109.48  109.58
  Services..........................  114.13  114.31  114.68  114.95  113.57  115.14  115.44  115.58  115.87  116.20  116.37  116.68  116.93  117.12
Addendum:
  Personal consumption expenditures
   less food and energy.............  108.54  108.68  109.02  109.08  108.24  109.35  109.61  109.60  109.72  109.97  110.03  110.31  110.34  110.43
                                    ----------------------------------------------------------------------------------------------------------------
                                                                          Percent change from preceding period
                                                                           in price indexes at monthly rates
                                    ----------------------------------------------------------------------------------------------------------------
Personal consumption expenditures...      .2      .1      .0      .0     -.5      .6      .0     -.1      .2      .2      .2      .4     -.1      .1
  Durable goods.....................     -.4     -.1     -.1     -.4     -.3      .0      .0      .0     -.4     -.8     -.3     -.2      .0     -.3
  Nondurable goods..................      .4      .1     -.7     -.3     1.0     -.7     -.7     -.7      .3      .4      .6     1.0     -.6      .1
  Services..........................      .3      .2      .3      .2    -1.2     1.4      .3      .1      .3      .3      .1      .3      .2      .2
Addendum:
  Personal consumption expenditures
   less food and energy.............      .0      .1      .3      .1     -.8     1.0      .2      .0      .1      .2      .1      .3      .0      .1
----------------------------------------------------------------------------------------------------------------------------------------------------
p Preliminary.

                              Table 10.--Percent Change From Month One Year Ago in Chained (1996) Dollars for Selected Series
------------------------------------------------------------------------------------------------------------------------------------------------------------
                                      Dec 98  Jan 99  Feb 99  Mar 99  Apr 99  May 99  Jun 99  Jul 99  Aug 99  Sep 99  Oct 99  Nov 99  Dec 99  Jan 00  Feb 00
------------------------------------------------------------------------------------------------------------------------------------------------------------
Disposable personal income..........     4.7     4.3     3.7     3.1     2.6     2.4     2.2     1.9     2.2     1.4     2.0     2.4     3.0     3.7     3.8

Personal consumption expenditures...     5.2     4.9     4.8     5.0     5.4     4.4     4.7     5.1     5.1     4.8     4.8     4.7     5.4     5.2     5.3
  Durable goods.....................    13.8     9.7    12.1    15.1    15.4     7.6    12.5    14.7    13.6    11.8     9.8     9.7    10.5    15.8    13.6
  Nondurable goods..................     5.4     4.9     5.1     4.4     4.5     4.7     4.3     4.1     4.6     4.4     4.5     4.2     6.1     3.9     4.0
  Services..........................     3.4     4.0     3.3     3.4     3.9     3.6     3.3     3.8     3.7     3.6     4.0     4.0     4.0     3.8     4.2
------------------------------------------------------------------------------------------------------------------------------------------------------------

                     Table 10.--Percent Change From Month One Year Ago in Chained (1996) Dollars for Selected Series--Continued
----------------------------------------------------------------------------------------------------------------------------------------------------
                                      Mar 00  Apr 00  May 00  Jun 00  Jul 00  Aug 00  Sep 00  Oct 00  Nov 00  Dec 00  Jan 01  Feb 01  Mar 01  Apr 01
----------------------------------------------------------------------------------------------------------------------------------------------------
Disposable personal income..........     4.0     4.6     5.0     4.9     5.5     5.3     5.9     5.4     4.7     4.3     3.0     2.6     2.4     2.0

Personal consumption expenditures...     4.9     4.4     4.7     4.3     4.2     4.1     4.6     4.0     3.7     2.9     3.6     2.7     2.2     2.5
  Durable goods.....................    10.0     8.3    10.5     6.4     6.6     7.0     9.9     6.0     4.5     1.1     2.2     2.1     2.8     3.2
  Nondurable goods..................     4.8     4.4     4.1     4.2     4.4     3.8     4.2     3.9     3.3     1.7     4.7     2.9     1.4     1.8
  Services..........................     4.0     3.7     3.9     3.9     3.6     3.6     3.8     3.6     3.8     3.9     3.2     2.7     2.5     2.7
----------------------------------------------------------------------------------------------------------------------------------------------------

                     Table 10.--Percent Change From Month One Year Ago in Chained (1996) Dollars for Selected Series--Continued
----------------------------------------------------------------------------------------------------------------------------------------------------
                                      May 01  Jun 01  Jul 01  Aug 01  Sep 01  Oct 01  Nov 01  Dec 01  Jan 02  Feb 02  Mar 02  Apr 02  May 02  Jun 02/p/
----------------------------------------------------------------------------------------------------------------------------------------------------
Disposable personal income..........     1.1      .9     2.0     3.5     2.9      .1      .2      .7     3.5     4.0     4.0     4.1     5.1     5.7

Personal consumption expenditures...     2.5     2.3     2.3     2.3      .8     3.1     2.8     2.5     2.4     3.2     3.3     3.2     2.9     3.2
  Durable goods.....................     4.4     6.5     6.1     5.7     -.1    16.3    13.3    10.0     7.9     8.5     8.7    10.0     6.3     6.5
  Nondurable goods..................     1.9     1.3     1.9     2.1      .5     1.2     1.6     2.4     2.3     3.4     3.5     3.0     2.7     3.4
  Services..........................     2.3     1.9     1.8     1.7     1.2     1.5     1.3     1.1     1.4     2.0     2.1     1.9     2.3     2.5
----------------------------------------------------------------------------------------------------------------------------------------------------
p Preliminary.

                    Table 11.--Percent Change From Month One Year Ago in Chain-Type Price Indexes for Personal Consumption Expenditures
------------------------------------------------------------------------------------------------------------------------------------------------------------
                                      Dec 98  Jan 99  Feb 99  Mar 99  Apr 99  May 99  Jun 99  Jul 99  Aug 99  Sep 99  Oct 99  Nov 99  Dec 99  Jan 00  Feb 00
------------------------------------------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures...     1.1     1.3     1.2     1.2     1.6     1.5     1.6     1.6     1.7     2.0     2.0     2.0     2.1     2.1     2.6
  Durable goods.....................    -2.4    -2.4    -2.7    -3.0    -2.9    -2.5    -2.5    -2.7    -2.5    -2.1    -2.2    -2.2    -2.3    -2.2    -2.0
  Nondurable goods..................      .4      .8      .8     1.2     2.5     2.1     2.2     2.4     2.6     3.3     3.3     3.3     3.5     3.3     4.2
  Services..........................     2.3     2.3     2.2     2.1     2.1     2.1     2.1     2.1     2.1     2.2     2.2     2.2     2.3     2.5     2.7
Addendum:
  Personal consumption expenditures
   less food and energy.............     1.6     1.7     1.5     1.4     1.4     1.4     1.5     1.4     1.3     1.5     1.5     1.5     1.5     1.5     1.7
------------------------------------------------------------------------------------------------------------------------------------------------------------

           Table 11.--Percent Change From Month One Year Ago in Chain-Type Price Indexes for Personal Consumption Expenditures--Continued
----------------------------------------------------------------------------------------------------------------------------------------------------
                                      Mar 00  Apr 00  May 00  Jun 00  Jul 00  Aug 00  Sep 00  Oct 00  Nov 00  Dec 00  Jan 01  Feb 01  Mar 01  Apr 01
----------------------------------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures...     3.0     2.5     2.5     2.7     2.7     2.4     2.5     2.5     2.5     2.5     2.7     2.6     2.1     2.3
  Durable goods.....................    -1.5    -1.8    -1.5    -1.5    -1.6    -1.8    -1.8    -1.7    -1.5    -1.3    -1.1    -1.2    -1.7    -1.8
  Nondurable goods..................     5.3     3.7     3.6     4.3     4.2     3.4     3.6     3.3     3.5     2.9     3.1     2.6     1.4     2.1
  Services..........................     2.8     2.8     2.7     2.8     2.8     2.9     2.9     3.0     2.9     3.0     3.4     3.3     3.3     3.2
Addendum:
  Personal consumption expenditures
   less food and energy.............     2.0     1.9     1.8     1.7     1.7     1.8     1.7     1.7     1.8     1.8     2.0     2.0     1.9     1.8
----------------------------------------------------------------------------------------------------------------------------------------------------

           Table 11.--Percent Change From Month One Year Ago in Chain-Type Price Indexes for Personal Consumption Expenditures--Continued
----------------------------------------------------------------------------------------------------------------------------------------------------
                                      May 01  Jun 01  Jul 01  Aug 01  Sep 01  Oct 01  Nov 01  Dec 01  Jan 02  Feb 02  Mar 02  Apr 02  May 02  Jun 02/p/
----------------------------------------------------------------------------------------------------------------------------------------------------
Personal consumption expenditures...     2.5     2.3     2.1     2.1     1.2     1.7     1.5     1.2      .8      .8     1.0     1.3     1.0     1.0
  Durable goods.....................    -2.3    -2.0    -1.9    -2.1    -2.4    -2.2    -2.2    -2.1    -2.7    -3.1    -3.0    -3.0    -2.6    -2.8
  Nondurable goods..................     2.8     2.1     1.2     1.2     1.4      .7     -.1     -.8     -.8     -.7      .1      .6     -.4     -.4
  Services..........................     3.3     3.3     3.4     3.4     1.9     3.0     3.1     2.9     2.4     2.4     2.4     2.5     2.5     2.5
Addendum:
  Personal consumption expenditures
   less food and energy.............     1.7     1.9     2.0     2.0     1.0     1.9     1.9     1.8     1.5     1.6     1.5     1.7     1.7     1.6
----------------------------------------------------------------------------------------------------------------------------------------------------
p Preliminary.

                                   Table 12.--Revisions to Personal Income and Its Disposition
---------------------------------------------------------------------------------------------------------------------------------
                                                               Billions of dollars
                                             ------------------------      ------------------------           Revisions as
                                                      Revised                   Revisions to                   percent of
                                                     estimates                   previously                    previously
                                                                                 published                     published
                                             ------------------------      ------------------------      ------------------------
                                             1999      2000      2001      1999      2000      2001      1999      2000      2001
---------------------------------------------------------------------------------------------------------------------------------
Personal income........................   7,786.5   8,406.6   8,685.3       9.2      87.4     -38.2        .1       1.1       -.4

  Wage and salary disbursements........   4,470.4   4,836.3   4,950.6      -1.8       -.9    -147.6        .0        .0      -2.9
    Private industries.................   3,746.3   4,067.4   4,139.8      -1.6      -1.4    -152.4        .0        .0      -3.6
      Goods-producing industries.......   1,088.6   1,163.7   1,142.4       -.1        .0     -54.9        .0        .0      -4.6
        Manufacturing..................     782.0     829.4     789.4        .0       -.7     -52.7        .0       -.1      -6.3
      Distributive industries..........   1,020.8   1,094.8   1,109.2       -.2       -.8     -36.3        .0       -.1      -3.2
      Service industries...............   1,636.9   1,808.9   1,888.2      -1.3       -.6     -61.2       -.1        .0      -3.1
    Government.........................     724.2     768.9     810.8       -.1        .5       4.8        .0        .1        .6

  Other labor income...................     510.2     544.2     570.4        .5      10.0      16.6        .1       1.9       3.0

  Proprietors' income with
   inventory valuation and capital
   consumption adjustments.............     678.4     714.8     727.9       6.4       -.2     -15.6       1.0        .0      -2.1
    Farm...............................      27.7      22.6      19.0       1.1      -8.0      -8.6       4.1     -26.1     -31.2
    Nonfarm............................     650.7     692.2     708.8       5.3       7.8      -7.1        .8       1.1      -1.0

  Rental income of persons with
   capital consumption adjustment......     149.1     146.6     137.9       1.4       5.0      -4.7        .9       3.5      -3.3

  Personal dividend income.............     328.0     375.7     409.2     -15.1      -3.5      -7.1      -4.4       -.9      -1.7

  Personal interest income.............     969.2   1,077.0   1,091.3      19.2      76.4      97.7       2.0       7.6       9.8

  Transfer payments to persons.........   1,018.5   1,070.3   1,170.4      -1.1       1.2      21.6       -.1        .1       1.9
    Old-age, survivors, disability,
     and health insurance benefits.....     588.0     617.2     664.3        .0       -.1       -.1        .0        .0        .0
    Government unemployment
     insurance benefits................      20.3      20.5      31.9        .0        .2       8.2        .0       1.0      34.6
    Other..............................     410.2     432.5     474.2      -1.0       1.0      13.5       -.2        .2       2.9

  Less: Personal contributions for
   social insurance....................     337.4     358.4     372.3        .3        .7      -1.0        .1        .2       -.3

Less: Personal tax and nontax
 payments..............................   1,159.1   1,286.4   1,292.1       -.1      -1.8     -14.1        .0       -.1      -1.1

Equals: Disposable personal income.....   6,627.4   7,120.2   7,393.2       9.4      89.2     -24.1        .1       1.3       -.3

Less: Personal outlays.................   6,453.3   6,918.6   7,223.5      -3.9     -44.7     -75.4       -.1       -.6      -1.0

  Personal consumption expenditures....   6,246.5   6,683.7   6,987.0      -3.7     -44.7     -77.5       -.1       -.7      -1.1
    Durable goods......................     755.9     803.9     835.9      -5.0     -15.7     -22.4       -.7      -1.9      -2.6
    Nondurable goods...................   1,830.1   1,972.9   2,041.3      -1.2     -16.7     -13.8       -.1       -.8       -.7
    Services...........................   3,660.5   3,906.9   4,109.9       2.5     -12.3     -41.2        .1       -.3      -1.0
  Interest paid by persons.............     179.5     205.4     205.4       -.2        .1       2.2       -.1        .0       1.1
  Personal transfer payments to the
   rest of the world (net).............      27.3      29.5      31.1        .1       -.1       -.1        .4       -.3       -.3

Equals: Personal saving................     174.0     201.5     169.7      13.1     133.8      51.3     .....     .....     .....

Addenda:
  Disposable personal income:
    Total, billions of chained
     (1996) dollars\1\.................   6,328.4   6,630.3   6,748.0       8.4      91.1     -24.4        .1       1.4       -.4
    Per capita:
      Current dollars..................    23,742    25,205    25,859        34       316       -84        .1       1.3       -.3
      Chained (1996) dollars...........    22,671    23,471    23,602        30       323       -85        .1       1.4       -.4
    Population (thousands).............   279,144   282,489   285,908         0         0         0        .0        .0        .0

  Personal saving as a percentage
   of disposable personal income.......       2.6       2.8       2.3        .2       1.8        .7     .....     .....     .....
---------------------------------------------------------------------------------------------------------------------------------
1. Equals disposable personal income deflated by the implicit price deflator for
   personal consumption expenditures.

                   Table 13.--Personal Income and Related Measures: Revisions in Level and Percent Changes from Previous Period (Months)
------------------------------------------------------------------------------------------------------------------------------------------------------------
                                      Dec 98  Jan 99  Feb 99  Mar 99  Apr 99  May 99  Jun 99  Jul 99  Aug 99  Sep 99  Oct 99  Nov 99  Dec 99  Jan 00  Feb 00
------------------------------------------------------------------------------------------------------------------------------------------------------------
                                    ------------------------------------------------------------------------------------------------------------------------
                                                                              Seasonally adjusted at annual rates
                                    ------------------------------------------------------------------------------------------------------------------------
Level change in billions of dollars:
  Personal income...................    15.7    40.0    18.6    18.8    17.1    29.8    31.9    20.0    46.1    10.7    67.8    57.1    72.5   122.0    59.2
    Previously published............    15.7    15.4    19.3    17.8    34.1    33.8    39.9    31.7    41.9     4.7    63.1    35.7    49.8    69.2    43.7
  Disposable personal income........     6.6    40.8     6.9    18.6    15.8    17.8    22.5     9.6    50.7   -12.0    59.2    46.2    57.1    92.9    45.8
    Previously published............     6.6    20.7     8.9    17.0    28.4    20.8    28.2    19.5    46.7   -18.0    54.9    27.7    37.7    49.2    30.5
  Personal consumption expenditures.    46.1     8.8    39.6    42.8    58.2     6.8    43.7    36.3    37.7    33.1    35.8    17.3    99.1      .7    71.7
    Previously published............    46.1     5.9    47.1    48.9    55.7    -5.3    47.8    38.0    35.4    28.9    42.7    32.6    92.2    15.7    72.8

Personal saving as a percentage
 of disposable personal income......     3.9     4.4     3.9     3.5     2.8     2.9     2.6     2.1     2.3     1.6     1.9     2.3     1.6     2.8     2.4
  Previously published..............     3.9     4.1     3.5     3.0     2.5     2.9     2.6     2.3     2.4     1.7     1.8     1.7      .8     1.3      .6
                                    ------------------------------------------------------------------------------------------------------------------------
                                                                            Percent change from previous period for
                                                                            current dollar measures at monthly rates
                                    ------------------------------------------------------------------------------------------------------------------------
Personal income.....................      .2      .5      .2      .2      .2      .4      .4      .3      .6      .1      .9      .7      .9     1.5      .7
  Previously published..............      .2      .2      .3      .2      .4      .4      .5      .4      .5      .1      .8      .5      .6      .9      .5

Disposable personal income..........      .1      .6      .1      .3      .2      .3      .3      .1      .8     -.2      .9      .7      .8     1.4      .7
  Previously published..............      .1      .3      .1      .3      .4      .3      .4      .3      .7     -.3      .8      .4      .6      .7      .4

Personal consumption expenditures...      .8      .1      .7      .7     1.0      .1      .7      .6      .6      .5      .6      .3     1.6      .0     1.1
  Previously published..............      .8      .1      .8      .8      .9     -.1      .8      .6      .6      .5      .7      .5     1.4      .2     1.1
                                    ------------------------------------------------------------------------------------------------------------------------
                                                                              Percent change from previous period
                                                                               for chained (1996) dollar measures
                                                                                        at monthly rates
                                    ------------------------------------------------------------------------------------------------------------------------
Real disposable personal income.....      .0      .4      .2      .3     -.3      .2      .3     -.1      .6     -.5      .7      .6      .6     1.1      .3
  Previously published..............      .0      .1      .1      .2      .0      .3      .4      .0      .5     -.6      .7      .3      .3      .3      .0

Real personal consumption
 expenditures.......................      .7     -.1      .7      .7      .4      .1      .7      .3      .4      .2      .4      .2     1.3     -.3      .7
  Previously published..............      .7     -.1      .8      .8      .4     -.1      .7      .3      .4      .1      .5      .4     1.2     -.1      .7

Percent change in the implicit
 price deflator for personal
 consumption expenditures...........      .1      .2      .0      .0      .5      .1      .0      .2      .2      .3      .2      .1      .2      .3      .4
  Previously published..............      .1      .2      .0      .0      .5      .0      .0      .3      .2      .4      .2      .1      .2      .4      .4
------------------------------------------------------------------------------------------------------------------------------------------------------------

          Table 13.--Personal Income and Related Measures: Revisions in Level and Percent Changes from Previous Period (Months)--Continued
----------------------------------------------------------------------------------------------------------------------------------------------------
                                      Mar 00  Apr 00  May 00  Jun 00  Jul 00  Aug 00  Sep 00  Oct 00  Nov 00  Dec 00  Jan 01  Feb 01  Mar 01  Apr 01
----------------------------------------------------------------------------------------------------------------------------------------------------
                                    ----------------------------------------------------------------------------------------------------------------
                                                                          Seasonally adjusted at annual rates
                                    ----------------------------------------------------------------------------------------------------------------
Level change in billions of dollars:
  Personal income...................    67.6    26.4    46.9    48.4    54.2    33.5    39.7    31.3    15.8    27.7    44.1    11.4    18.4     4.7
    Previously published............    65.0    60.8    49.1    45.7    26.3    33.2    45.6    55.7    34.8    53.2    37.3    36.2    36.0    20.8
  Disposable personal income........    60.0    24.1    45.7    36.2    46.3    22.3    31.3    28.1    11.4    22.9    27.7     8.8    15.3    10.4
    Previously published............    55.1    47.5    44.5    31.6    25.4    21.7    35.6    44.6    26.7    45.3    34.0    32.3    31.7    21.2
  Personal consumption expenditures.    52.2      .8    21.6    37.9    26.3    20.0    75.8    -4.9     5.4    47.9    60.1     7.3    -6.0    28.7
    Previously published............    62.1     2.0    22.6    30.6    43.1    24.9    69.0     6.3    23.8    28.2    62.3    18.1    15.5    23.3

Personal saving as a percentage
 of disposable personal income......     2.5     2.8     3.1     3.0     3.2     3.2     2.5     2.9     3.0     2.7     2.2     2.3     2.6     2.3
  Previously published..............      .5     1.1     1.4     1.3     1.0      .9      .4      .9     1.0     1.2      .9     1.1     1.3     1.3
                                    ----------------------------------------------------------------------------------------------------------------
                                                                        Percent change from previous period for
                                                                        current dollar measures at monthly rates
                                    ----------------------------------------------------------------------------------------------------------------
Personal income.....................      .8      .3      .6      .6      .6      .4      .5      .4      .2      .3      .5      .1      .2      .1
  Previously published..............      .8      .7      .6      .6      .3      .4      .5      .7      .4      .6      .4      .4      .4      .2

Disposable personal income..........      .9      .3      .7      .5      .7      .3      .4      .4      .2      .3      .4      .1      .2      .1
  Previously published..............      .8      .7      .6      .5      .4      .3      .5      .6      .4      .6      .5      .4      .4      .3

Personal consumption expenditures...      .8      .0      .3      .6      .4      .3     1.1     -.1      .1      .7      .9      .1     -.1      .4
  Previously published..............      .9      .0      .3      .5      .6      .4     1.0      .1      .3      .4      .9      .3      .2      .3
                                    ----------------------------------------------------------------------------------------------------------------
                                                                          Percent change from previous period
                                                                           for chained (1996) dollar measures
                                                                                    at monthly rates
                                    ----------------------------------------------------------------------------------------------------------------
Real disposable personal income.....      .4      .3      .6      .2      .5      .3      .0      .2      .0      .2     -.2     -.1      .2      .0
  Previously published..............      .4      .7      .6      .1      .1      .3      .1      .5      .3      .5     -.1      .2      .5      .1

Real personal consumption
 expenditures.......................      .4      .0      .3      .3      .2      .3      .7     -.2     -.1      .6      .3     -.1     -.1      .2
  Previously published..............      .5      .1      .3      .1      .4      .4      .6      .0      .2      .3      .3      .0      .3      .2

Percent change in the implicit
 price deflator for personal
 consumption expenditures...........      .4      .0      .0      .3      .2      .0      .4      .2      .1      .1      .5      .2      .0      .2
  Previously published..............      .5      .0      .0      .3      .3      .0      .4      .1      .1      .1      .6      .2      .0      .2
----------------------------------------------------------------------------------------------------------------------------------------------------

          Table 13.--Personal Income and Related Measures: Revisions in Level and Percent Changes from Previous Period (Months)--Continued
----------------------------------------------------------------------------------------------------------------------------------------------------
                                      May 01  Jun 01  Jul 01  Aug 01  Sep 01  Oct 01  Nov 01  Dec 01  Jan 02  Feb 02  Mar 02  Apr 02  May 02  Jun 02/p/
----------------------------------------------------------------------------------------------------------------------------------------------------
                                    ----------------------------------------------------------------------------------------------------------------
                                                                          Seasonally adjusted at annual rates
                                    ----------------------------------------------------------------------------------------------------------------
Level change in billions of dollars:
  Personal income...................   -10.6    13.0    28.8    -9.1     6.5   -22.3     1.5    44.2    44.0    40.7    25.2    35.4    39.4    57.0
    Previously published............    12.3    28.3    30.9     7.4    -4.9   -11.4    -2.4    27.6    55.9    48.3    39.4    20.7    23.1   .....
  Disposable personal income........    -6.9    10.6   117.0   132.5   -77.7  -144.2     9.8    36.7   210.3    44.5    28.3    42.2    40.9    55.0
    Previously published............    12.2    20.9   128.4   145.8   -91.4  -136.8     2.4    17.1   207.0    50.4    39.3    22.7    19.7   .....
  Personal consumption expenditures.    34.9    14.3    16.6    20.2   -82.0   178.7   -27.1    10.5    32.7    56.2    18.5    37.6    -2.3    35.6
    Previously published............    26.4    29.1    20.8     6.1  -120.3   208.9   -19.4     8.5    31.0    57.4    25.6    40.1    -4.2   .....

Personal saving as a percentage
 of disposable personal income......     1.8     1.7     3.0     4.5     4.6      .3      .9     1.3     3.6     3.5     3.6     3.6     4.1     4.2
  Previously published..............     1.1     1.0     2.4     4.2     4.7      .1      .4      .6     2.9     2.8     3.1     2.8     3.1   .....
                                    ----------------------------------------------------------------------------------------------------------------
                                                                        Percent change from previous period for
                                                                        current dollar measures at monthly rates
                                    ----------------------------------------------------------------------------------------------------------------
Personal income.....................     -.1      .1      .3     -.1      .1     -.3      .0      .5      .5      .5      .3      .4      .4      .6
  Previously published..............      .1      .3      .4      .1     -.1     -.1      .0      .3      .6      .5      .4      .2      .3   .....

Disposable personal income..........     -.1      .1     1.6     1.8    -1.0    -1.9      .1      .5     2.8      .6      .4      .5      .5      .7
  Previously published..............      .2      .3     1.7     1.9    -1.2    -1.8      .0      .2     2.8      .7      .5      .3      .3   .....

Personal consumption expenditures...      .5      .2      .2      .3    -1.2     2.6     -.4      .1      .5      .8      .3      .5      .0      .5
  Previously published..............      .4      .4      .3      .1    -1.7     3.0     -.3      .1      .4      .8      .4      .6     -.1   .....
                                    ----------------------------------------------------------------------------------------------------------------
                                                                          Percent change from previous period
                                                                           for chained (1996) dollar measures
                                                                                    at monthly rates
                                    ----------------------------------------------------------------------------------------------------------------
Real disposable personal income.....     -.3      .0     1.6     1.8     -.6    -2.5      .2      .6     2.6      .4      .1      .1      .6      .6
  Previously published..............      .1      .1     1.8     1.9     -.7    -2.4      .1      .4     2.6      .5      .2     -.1      .3   .....

Real personal consumption
 expenditures.......................      .3      .1      .2      .3     -.7     2.0     -.3      .3      .3      .6      .0      .1      .0      .4
  Previously published..............      .3      .3      .3      .1    -1.2     2.3     -.2      .3      .3      .6      .1      .1      .0   .....

Percent change in the implicit
 price deflator for personal
 consumption expenditures...........      .2      .1      .0      .0     -.5      .6      .0     -.1      .2      .2      .2      .4     -.1      .1
  Previously published..............      .1      .1      .0      .0     -.5      .6     -.1     -.1      .2      .2      .3      .4     -.1   .....
----------------------------------------------------------------------------------------------------------------------------------------------------
p Preliminary.

    Table 14.--Personal Income and Related Measures: Revisions in Level and Percent Changes from Previous Period
                                                (Years and Quarters)
--------------------------------------------------------------------------------------------------------------------
                                        1998    1999    2000    2001    I 98   II 98  III 98   IV 98    I 99   II 99
--------------------------------------------------------------------------------------------------------------------
                                    --------------------------------------------------------------------------------
                                                          Seasonally adjusted at annual rates
                                    --------------------------------------------------------------------------------
Level change in billions of dollars:
  Personal income...................   489.0   360.5   620.1   278.7   156.9   128.0   107.9    85.1    80.1    66.3
    Previously published............   489.0   351.3   541.9   404.3   156.9   128.0   107.9    85.1    55.6    88.2
  Disposable personal income........   387.4   271.8   492.8   273.0   129.2   106.6    79.6    60.3    63.0    49.9
    Previously published............   387.4   262.4   413.0   386.3   129.2   106.6    79.6    60.3    43.7    66.0
  Personal consumption expenditures.   326.7   390.5   437.2   303.3    79.3   100.1    75.1    94.0    87.5   119.0
    Previously published............   326.7   394.2   478.2   336.1    79.3   100.1    75.1    94.0    91.6   116.4

Personal saving as a percentage
 of disposable personal income......     4.7     2.6     2.8     2.3     4.9     4.9     4.9     4.3     3.9     2.7
  Previously published..............     4.7     2.4     1.0     1.6     4.9     4.9     4.9     4.3     3.5     2.7
                                    --------------------------------------------------------------------------------
                                                        Percent change from previous period for
                                                        current dollar measures at annual rates
                                    --------------------------------------------------------------------------------
Personal income.....................     7.0     4.9     8.0     3.3     9.1     7.2     6.0     4.6     4.3     3.5
  Previously published..............     7.0     4.7     7.0     4.9     9.1     7.2     6.0     4.6     3.0     4.7

Disposable personal income..........     6.5     4.3     7.4     3.8     8.8     7.0     5.1     3.8     4.0     3.1
  Previously published..............     6.5     4.1     6.2     5.5     8.8     7.0     5.1     3.8     2.7     4.1

Personal consumption expenditures...     5.9     6.7     7.0     4.5     5.7     7.2     5.3     6.5     6.0     8.1
  Previously published..............     5.9     6.7     7.7     5.0     5.7     7.2     5.3     6.5     6.3     7.9
                                    --------------------------------------------------------------------------------
                                                          Percent change from previous period
                                                           for chained (1996) dollar measures
                                                                     at annual rates
                                    --------------------------------------------------------------------------------
Real disposable personal income.....     5.4     2.6     4.8     1.8     8.1     6.0     3.7     2.4     2.7      .8
  Previously published..............     5.4     2.5     3.5     3.6     8.1     6.0     3.7     2.4     1.4     2.0

Real personal consumption
 expenditures.......................     4.8     4.9     4.4     2.5     5.1     6.2     3.8     5.1     4.7     5.7
  Previously published..............     4.8     5.0     4.8     3.1     5.1     6.2     3.8     5.1     4.9     5.7

Percent change in the implicit
 price deflator for personal
 consumption expenditures...........     1.1     1.6     2.5     2.0      .6     1.0     1.4     1.4     1.2     2.3
  Previously published..............     1.1     1.6     2.7     1.9      .6     1.0     1.4     1.4     1.3     2.0
--------------------------------------------------------------------------------------------------------------------

            Table 14.--Personal Income and Related Measures: Revisions in Level and Percent Changes from Previous Period
                                                  (Years and Quarters)--Continued
------------------------------------------------------------------------------------------------------------------------------------
                                      III 99   IV 99    I 00   II 00  III 00   IV 00    I 01   II 01  III 01   IV 01    I 02   II 02
------------------------------------------------------------------------------------------------------------------------------------
                                    ------------------------------------------------------------------------------------------------
                                                                  Seasonally adjusted at annual rates
                                    ------------------------------------------------------------------------------------------------
Level change in billions of dollars:
  Personal income...................    85.5   152.5   251.4   138.6   137.6    88.8    81.5    18.1    30.0    -5.3   109.5   111.1
    Previously published............    99.1   120.6   165.1   166.6   110.5   138.1   120.6    74.4    57.2    -4.6   118.8   .....
  Disposable personal income........    60.3   117.9   196.9   121.9   111.0    71.6    57.7    22.5   184.2  -133.0   277.1   121.5
    Previously published............    70.3    89.5   122.3   134.6    87.6   108.5   105.2    68.2   213.2  -141.9   265.9   .....
  Personal consumption expenditures.   103.8   115.1   137.7    86.5    97.4    71.9    96.7    55.1    23.9   116.2    74.3    79.0
    Previously published............   101.3   126.3   157.2    93.0   110.6    85.9   106.2    67.0    13.0   120.6    77.0   .....

Personal saving as a percentage
 of disposable personal income......     2.0     1.9     2.6     2.9     2.9     2.9     2.4     1.9     4.0      .8     3.5     4.0
  Previously published..............     2.1     1.4      .8     1.3      .8     1.0     1.1     1.1     3.8      .4     2.9   .....
                                    ------------------------------------------------------------------------------------------------
                                                                Percent change from previous period for
                                                                current dollar measures at annual rates
                                    ------------------------------------------------------------------------------------------------
Personal income.....................     4.5     8.0    13.2     6.9     6.8     4.2     3.9      .8     1.4     -.2     5.1     5.1
  Previously published..............     5.2     6.3     8.6     8.5     5.5     6.8     5.8     3.5     2.7     -.2     5.5   .....

Disposable personal income..........     3.7     7.3    12.2     7.2     6.4     4.0     3.2     1.2    10.4    -6.9    15.9     6.5
  Previously published..............     4.3     5.5     7.5     8.1     5.1     6.3     6.0     3.8    12.1    -7.3    15.1   .....

Personal consumption expenditures...     6.9     7.5     8.9     5.4     6.0     4.3     5.8     3.2     1.4     6.8     4.3     4.5
  Previously published..............     6.7     8.3    10.2     5.8     6.8     5.2     6.3     3.9      .7     7.0     4.4   .....
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                                                                  Percent change from previous period
                                                                   for chained (1996) dollar measures
                                                                             at annual rates
                                    ------------------------------------------------------------------------------------------------
Real disposable personal income.....     1.5     4.8     8.4     4.8     4.3     1.8     -.1     -.6    10.5    -7.6    14.6     3.8
  Previously published..............     2.1     3.0     3.3     5.8     2.6     4.2     2.7     2.4    12.3    -8.1    13.9   .....

Real personal consumption
 expenditures.......................     4.6     5.0     5.3     3.0     3.8     2.1     2.4     1.4     1.5     6.0     3.1     1.9
  Previously published..............     4.4     5.7     5.9     3.6     4.3     3.1     3.0     2.5     1.0     6.1     3.3   .....

Percent change in the implicit
 price deflator for personal
 consumption expenditures...........     2.2     2.4     3.4     2.3     2.1     2.2     3.3     1.8     -.1      .8     1.1     2.6
  Previously published..............     2.2     2.4     4.0     2.1     2.4     2.0     3.2     1.3     -.2      .8     1.0   .....
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