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
Jan-1816731
Feb-1816753
Mar-1816772
Apr-1816792
May-1816815
Jun-1816839
Jul-1816861

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.