US Economic Indicators: PCE Budget Shares

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US Economic Indicators: PCE Budget Shares December 22, 2017 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 80-66-1333 djohnson@ Mali Quintana 80-66-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box

Table Of Contents Table Of Contents 3-10 December 22, 2017 / Personal Consumption Expenditures Budget Shares www.

1 Figure 1. PERSONAL CONSUMPTION EXPENDITURES: DURABLE GOODS 1 13 13 11 11 10 10 9 9 2 Figure 2. PERSONAL CONSUMPTION EXPENDITURES: NONDURABLE GOODS 2 23 23 22 22 21 21 20 20 19 19 Page 3 / December 22, 2017 / Personal Consumption Expenditures Budget Shares www.

67 66 65 Figure 3. PERSONAL CONSUMPTION EXPENDITURES: SERVICES 67 66 65 6 63 62 61 60 59 58 57 56 55 5 53 19 20 6 63 62 61 60 59 58 57 56 55 5 53 8 Figure. PERSONAL CONSUMPTION EXPENDITURES: SERVICES LESS HEALTH CARE SERVICES 8 7 7 6 6 5 5 3 3 2 2 1 1 Page / December 22, 2017 / Personal Consumption Expenditures Budget Shares www.

.0 Figure 5. PERSONAL CONSUMPTION EXPENDITURES: GASOLINE & OTHER MOTOR FUEL.0 2.0 2.0 1.5 1.5.0 Figure 6. PERSONAL CONSUMPTION EXPENDITURES: TENANT RENT.0 Tenant Rent (3.8) Page 5 / December 22, 2017 / Personal Consumption Expenditures Budget Shares www.

11.5 Figure 7. PERSONAL CONSUMPTION EXPENDITURES: IMPUTED RENTAL OWNER-OCCUPIED 11.5 11.0 11.0 10.5 10.5 10.0 10.0 9.5 9.5 9.0 9.0 15 Figure 8. PERSONAL CONSUMPTION EXPENDITURES: FOOD* 15 1 1 13 13 11 11 * Purchased Meals & Beverages and Food & Beverages Purchased for Off-Premise Consumption Page 6 / December 22, 2017 / Personal Consumption Expenditures Budget Shares www.

10 Figure 9. PERSONAL CONSUMPTION EXPENDITURES 10 8 Purchased Meals & Beverages Food & Beverages Purchased for Off-Premise Consumption 8 6 6 20 Figure 10. PERSONAL CONSUMPTION EXPENDITURES: HEALTH CARE GOODS & SERVICES 20 18 Health Care (19.) 18 16 16 1 1 Page 7 / December 22, 2017 / Personal Consumption Expenditures Budget Shares www.

Figure 11. PERSONAL CONSUMPTION EXPENDITURES: SELECTED ITEMS (as a percent of disposable personal income, current dollars) 19.6 19. 19.2 19.0 18.8 18.6 18. 18.2 18.0 17.8 2.0 Gasoline (2.1) 17.6 17. 1.5 Health Care Goods & Services (19.) 2009 2010 2011 20 2013 201 2015 2016 2017 2018 Source: US Department of Commerce, Bureau of Economic Analysis. 17.2 17.0 16.8 5 Figure. PERSONAL CONSUMPTION EXPENDITURES: CLOTHING & FOOTWEAR 5 3 3 2 2 Page 8 / December 22, 2017 / Personal Consumption Expenditures Budget Shares www.

Figure 13. PERSONAL CONSUMPTION EXPENDITURES: PRESCRIPTION DRUGS 2.0 2.0 1.5 1.5 1.0 1.0.5.5 8.0 Figure 1. PERSONAL CONSUMPTION EXPENDITURES: DURABLE GOODS EX MOTOR VEHICLE & PARTS 8.0 7.5 7.5 7.0 7.0 6.5 6.5 6.0 6.0 Page 9 / December 22, 2017 / Personal Consumption Expenditures Budget Shares www.

8 Figure 15. PERSONAL CONSUMPTION EXPENDITURES: MOTOR VEHICLE & PARTS 8 7 7 6 6 5 5 3 3 2 59 61 63 65 67 69 71 73 75 77 79 81 83 85 87 89 91 93 95 97 99 01 03 05 07 09 11 13 15 17 19 21 2 Note: Shaded areas denote recessions according to the National Bureau of Economic Research..8 Figure 16. PERSONAL CONSUMPTION EXPENDITURES: AIR TRANSPORTATION.8.7.7.6.6.5.5...3.3 Page 10 / December 22, 2017 / Personal Consumption Expenditures Budget Shares www.

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