Current Forecast of US Personal Income

Units: Billion USD, Average of Month.  Seasonally Adjusted.

Solid Line = Actual Values.  Dashed Line = Predicted Values.



Forecast Values for US Personal Income

DateForecast
Apr-1816935
May-1816973
Jun-1817010
Jul-1817045
Aug-1817079
Sep-1817113
Oct-1817147

How This Forecast is Produced

The forecast of the indicator above is produced using Multichannel Singular Spectrum Analysis, or MSSA.

The forecast is made by using MSSA to decompose the time series into a trend component and many cyclical components.  The decomposed components of the time series are then projected forward in time.