![]() Month-to-month percent changes are calculated from unrounded data and are not annualized. For detail, refer to the FAQ " Why does BEA publish estimates at annual rates?" Dollar changes are calculated as the difference between these SAAR values. Monthly and quarterly values are expressed at seasonally-adjusted annual rates (SAAR). Real values are inflation-adjusted estimates-that is, estimates that exclude the effects of price changes.įor more definitions, refer to the Glossary: National Income and Product Accounts. The personal saving rate is personal saving as a percentage of disposable personal income.Ĭurrent-dollar estimates are valued in the prices of the period when the transactions occurred-that is, at "market value." Also referred to as "nominal estimates" or as "current-price estimates." Personal saving is personal income less personal outlays and personal current taxes. Personal outlays is the sum of PCE, personal interest payments, and personal current transfer payments. Personal consumption expenditures (PCE) is the value of the goods and services purchased by, or on the behalf of, "persons" who reside in the United States. It is equal to personal income less personal current taxes. ![]() It does not include realized or unrealized capital gains or losses.ĭisposable personal income is the income available to persons for spending or saving. It includes income from domestic sources as well as the rest of world. Personal income is the income received by, or on behalf of, all persons from all sources: from participation as laborers in production, from owning a home or business, from the ownership of financial assets, and from government and business in the form of transfers. NIPA Handbook: Concepts and Methods of the U.S.For more on BEA's statistics, see BEA's online journal, the Survey of Current Business.Access BEA data by registering for BEA's Data Application Programming Interface (API).Stay informed about BEA developments by reading The BEA Wire, signing up for BEA's email subscription service, or following BEA on Twitter Historical time series for these estimates can be accessed in BEA's Interactive Data Application.Detailed information on monthly real PCE spending can be found on Table 2.4.6U. Within services, the leading contributor to the increase was financial services and insurance (led by portfolio management and investment advice services). Within goods, the largest contributors to the increase were motor vehicles and parts (led by new light trucks) and recreational goods and vehicles (led by video, audio, photographic and information processing equipment and media). The increase of 0.4 percent in real PCE in June reflected increases of 0.9 percent in spending on goods and 0.1 percent in spending on services (table 7). Excluding food and energy, the PCE price index increased 4.1 percent from one year ago. Food prices increased 4.6 percent and energy prices decreased 18.9 percent. Prices for goods decreased 0.6 percent and prices for services increased 4.9 percent. Detailed monthly PCE price indexes can be found on on Table 2.4.4U.įrom the same month one year ago, the PCE price index for June increased 3.0 percent (table 11). Excluding food and energy, the PCE price index increased 0.2 percent. Food prices decreased 0.1 percent and energy prices increased 0.6 percent. Prices for goods decreased 0.1 percent and prices for services increased 0.3 percent. Personal saving was $862.4 billion in June and the personal saving rate-personal saving as a percentage of disposable personal income-was 4.3 percent (table 1).įrom the preceding month, the PCE price index for June increased 0.2 percent (table 9). Personal outlays, the sum of PCE, personal interest payments, and personal current transfer payments, increased $109.4 billion in June (table 3). Detailed information on monthly PCE spending can be found on Table 2.4.5U. Within goods, the largest contributors to the increase were motor vehicles and parts (led by new light trucks) and gasoline and other energy goods (led by motor vehicle fuels, lubricants, and fluids). Within services, the largest contributors to the increase were financial services and insurance (led by portfolio management and investment advice services), housing and utilities (led by housing), and recreation services. ![]() The $100.4 billion increase in current-dollar PCE in June reflected an increase of $51.2 billion in spending for services and an increase of $49.1 billion in spending for goods (table 3). The increase in current-dollar personal income in June primarily reflected an increase in compensation that was partly offset by a decrease in personal income receipts on assets (table 3). ![]()
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