By STAT/13/7
15 January 2013
November2012
Euro area international trade in goods surplus of 13.7 bn euro
1.7 bn euro deficit for EU27
The first estimate for the euro area1(EA17) trade in goods balance with the rest of the world in November 2012 gave a 13.7 bn euro surplus, compared with +4.9 bn in November 2011. The October 20122balance was +9.3 bn, compared with -0.7 bn in October 2011. In November 2012 compared with October 2012, seasonally adjusted exports increased by 0.8% while imports fell by 1.5%.These data3are released by Eurostat, the statistical office of the European Union.
The first estimate for the November 2012 extra-EU271trade in goods balance was a 1.7 bn euro deficit, compared with -9.3 bn in November 2011. The October 20122balance was -9.8 bn, compared with -11.3 bn in October 2011. In November 2012 compared with October 2012, seasonally adjusted exports rose by 1.1% while imports decreased by 3.0%.
EU27 detailed results for January to October 2012
The EU27deficit for energy increased (-347.0 bn euro in January-October 2012 compared with -319.5 bn in January-October 2011), as did the surplus for manufactured goods (+294.1 bn compared with +196.8 bn).
EU27exports to most of its major partners grew in January-October 2012 compared with January-October 2011, except for India(-5%) and Switzerland(-3%). The most notable increases were recorded for exports to South Korea(+18%), Russia(+16%), Japan(+15%), the USA(+14%) and Brazil(+13%). As regards EU27imports, the pattern was mixed. The largest increases were recorded for imports from Switzerland(+15%), Norwayand theUSA (both +9%), and the largest falls with India (-8%) and Japan (-6%).
The EU27trade surplus increased with the USA(+72.3 bn euro in January-October 2012 compared with +56.9 bn in January-October 2011) and Turkey (+22.7 bn compared with +21.2 bn), but fell with Switzerland(+21.9 bn compared with +37.7 bn). The EU27trade deficit declined with China(-122.9 bn compared with -133.7 bn), Russia (-73.4 bn compared with -77.3 bn) and Japan(-7.7 bn compared with -17.4 bn), but rose with Norway (-43.1 bn compared with -38.7 bn).
Concerning the total trade of Member States, the largest surplus was observed in Germany(+157.7 bn euro in January-October 2012), followed by theNetherlands(+41.0 bn) and Ireland(+35.6 bn). The United Kingdom
(-139.8 bn) registered the largest deficit, followed by France (-69.1 bn), Spain(-29.3 bn) and Greece(-13.2 bn).
EA17trade - non seasonally adjusted data bn euro
Flows | Nov 11 | Nov 12 | Growth | Oct 11 | Oct 12 | Growth | Jan-Nov 11 | Jan-Nov 12 | Growth | |||
Extra-EA17 exports | 155.8 | 164.2 | 5% | 148.2 | 169.1 | r | 14% | 1 592.6 | 1 724.1 | 8% | ||
Extra-EA17 imports | 150.9 | 150.5 | 0% | 148.9 | r | 159.9 | r | 7% | 1 616.3 | 1 648.6 | 2% | |
Extra-EA17 trade balance | 4.9 | 13.7 | -0.7 | 9.3 | r | -23.7 | 75.5 | |||||
Intra-EA17 dispatches4 | 139.8 | 139.0 | -1% | 134.9 | 144.0 | r | 7% | r | 1 494.8 | 1 496.7 | 0% | |
EU27trade - non seasonally adjusted data bn euro
Flows | Nov 11 | Nov 12 | Growth | Oct 11 | Oct 12 | Growth | Jan-Nov 11 | Jan-Nov 12 | Growth | |||
Extra-EU27 exports | 139.0 | 146.6 | 5% | 135.6 | 151.2 | r | 11% | 1 421.1 | 1 552.6 | 9% | ||
Extra-EU27 imports | 148.4 | 148.3 | 0% | 146.8 | 161.0 | r | 10% | r | 1 583.6 | 1 651.7 | 4% | |
Extra-EU27 trade balance | -9.3 | -1.7 | -11.3 | -9.8 | r | -162.6 | -99.1 | |||||
Intra-EU27 dispatches4 | 245.3 | 247.5 | 1% | 237.7 | r | 254.3 | r | 7% | 2 589.9 | 2 619.7 | 1% | |
r: revised
The euro area (EA17) consists of Belgium, Germany, Estonia,Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.
The EU27 includes Belgium, Bulgaria, the Czech Republic, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden and the United Kingdom.
Compared with News Release 183/2012 of 17December2012, the trade balancefor October 2012 has been revised from +10.2 bn euro to +9.3 bn for the EA17 and from -9.4 bn to -9.8 bn for the EU27.
This News Release is based on data available on 11 January 2013. These are provisional figures based on information provided by Member States. They are subject to frequent revision for up to two years after the month in question. Furthermore, national concepts may differ from the harmonised methodology used by Eurostat, leading to differences between figures in this release and those published nationally, both for raw data and for seasonally adjusted series.
Since the introduction of Intrastat for intra-EU trade on 1 January 1993, the value of dispatches has been consistently higher than that of arrivals. In theory, as dispatches are declared FOB and arrivals CIF, the value of arrivals should be slightly higher than that of dispatches. Eurostat uses dispatches as the more reliable measure of total intra-EU trade as, at aggregated levels, total dispatches has better coverage than total arrivals. Due to this divergence in intra-EU trade, and to the difficulties of interpreting figures in absolute terms at the level of individual Member States, trade balances for individual Member States must be interpreted with caution. The same caution applies to the trade balance of the euro area, which includes some intra-EU trade.
Issued by: Eurostat Press Office Tim ALLEN Tel: +352-4301-33 444 eurostat-pressoffice@ec.europa.eu | For further information on data: Gilberto GAMBINI Tel: +352-4301-35 806 estat-etfree@ec.europa.eu |
Eurostat news releases on the internet: http://ec.europa.eu/eurostat
Selected Principal European Economic Indicators: http://ec.europa.eu/eurostat/euroindicators
EA17trade - previous 6 months - non seasonally adjusted data bn euro
Flows | Apr 12 | May 12 | Jun 12 | Jul 12 | Aug 12 | Sep12 | ||||||
Extra-EA17 exports | 148.1 | r | 158.8 | r | 161.8 | 162.0 | 151.8 | r | 153.4 | r | ||
Extra-EA17 imports | 144.0 | r | 151.8 | r | 148.6 | r | 147.8 | r | 147.0 | r | 144.6 | r |
Extra-EA17 trade balance | 4.1 | r | 7.1 | r | 13.2 | r | 14.2 | r | 4.8 | r | 8.8 | r |
Intra-EA17 dispatches | 130.2 | 138.2 | 139.1 | r | 135.5 | 117.5 | 134.3 | r | ||||
EU27 trade - previous 6 months - non seasonally adjusted data bn euro
Flows | Apr 12 | May 12 | Jun 12 | Jul 12 | Aug 12 | Sep12 | ||||||
Extra-EU27 exports | 132.2 | r | 145.0 | 146.2 | r | 149.0 | 139.5 | r | 137.2 | r | ||
Extra-EU27 imports | 144.8 | r | 149.4 | r | 146.9 | r | 146.8 | r | 153.0 | r | 150.7 | r |
Extra-EU27 trade balance | -12.7 | r | -4.4 | r | -0.7 | r | 2.2 | r | -13.6 | r | -13.5 | r |
Intra-EU27 dispatches | 226.5 | 241.2 | r | 240.6 | 233.8 | r | 214.4 | r | 236.5 | r | ||
r: revised
Main products - EA17 - non seasonally adjusted data bn euro
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Primary goods: | 217.1 | 245.0 | 13% | 513.5 | 553.1 | 8% | -296.4 | -308.1 | ||||||||||||||||
Food & drink | 98.8 | 107.4 | 9% | 87.1 | 89.8 | 3% | 11.7 | 17.6 | ||||||||||||||||
Raw materials | 37.6 | 39.8 | 6% | 75.2 | 71.2 | -5% | -37.6 | -31.4 | ||||||||||||||||
Energy | 80.7 | 97.8 | 21% | 351.2 | 392.0 | 12% | -270.5 | -294.2 | ||||||||||||||||
Manufactured goods: | 1 179.7 | 1 271.0 | 8% | 927.7 | 918.0 | -1% | 252.0 | 353.0 | ||||||||||||||||
Chemicals | 242.7 | 260.6 | 7% | 151.6 | 156.8 | 3% | 91.1 | 103.9 | ||||||||||||||||
Machinery & vehicles | 585.5 | 638.5 | 9% | 418.2 | 417.9 | 0% | 167.3 | 220.6 | ||||||||||||||||
Other manuf'd goods | 351.6 | 371.8 | 6% | 358.0 | 343.2 | -4% | -6.4 | 28.5 | ||||||||||||||||
Other | 40.0 | 43.9 | 10% | 24.2 | 27.1 | 12% | 15.8 | 16.9 | ||||||||||||||||
Total | 1 436.8 | 1 559.9 | 9% | 1 465.4 | 1 498.1 | 2% | -28.6 | 61.8 | ||||||||||||||||
Main products - EU27 - non seasonally adjusted databn euro
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Primary goods: | 194.0 | 224.9 | 16% | 551.8 | 596.4 | 8% | -357.8 | -371.5 | ||||||||||||||||
Food & drink | 72.7 | 81.5 | 12% | 75.8 | 77.1 | 2% | -3.1 | 4.4 | ||||||||||||||||
Raw materials | 37.4 | 40.0 | 7% | 72.6 | 68.9 | -5% | -35.1 | -28.9 | ||||||||||||||||
Energy | 83.9 | 103.4 | 23% | 403.4 | 450.3 | 12% | -319.5 | -347.0 | ||||||||||||||||
Manufactured goods: | 1 036.0 | 1 139.0 | 10% | 839.3 | 844.9 | 1% | 196.8 | 294.1 | ||||||||||||||||
Chemicals | 212.1 | 232.5 | 10% | 130.1 | 136.9 | 5% | 81.9 | 95.6 | ||||||||||||||||
Machinery & vehicles | 531.2 | 587.5 | 11% | 367.4 | 378.2 | 3% | 163.7 | 209.3 | ||||||||||||||||
Other manuf'd goods | 292.8 | 319.0 | 9% | 341.7 | 329.8 | -3% | -48.9 | -10.8 | ||||||||||||||||
Other | 52.0 | 42.0 | -19% | 44.2 | 62.1 | 40% | 7.8 | -20.0 | ||||||||||||||||
Total | 1 282.0 | 1 405.9 | 10% | 1 435.3 | 1 503.4 | 5% | -153.2 | -97.5 | ||||||||||||||||
Main trading partners - EA17 - non seasonally adjusted data bn euro
| ||||||||||||||||||||||||
United Kingdom | 177.4 | 191.6 | 8% | 138.1 | 139.4 | 1% | 39.4 | 52.2 | ||||||||||||||||
USA | 164.5 | 188.4 | 15% | 117.1 | 127.2 | 9% | 47.4 | 61.1 | ||||||||||||||||
China | 94.9 | 101.0 | 6% | 183.5 | 179.5 | -2% | -88.6 | -78.5 | ||||||||||||||||
Russia | 65.5 | 75.3 | 15% | 115.4 | 118.3 | 2% | -50.0 | -43.0 | ||||||||||||||||
Switzerland | 89.9 | 97.1 | 8% | 67.6 | 67.5 | 0% | 22.3 | 29.6 | ||||||||||||||||
Poland | 76.0 | 75.4 | -1% | 58.6 | 60.0 | 2% | 17.5 | 15.4 | ||||||||||||||||
Czech Republic | 54.2 | 55.4 | 2% | 62.9 | 63.9 | 1% | -8.8 | -8.5 | ||||||||||||||||
Sweden | 50.7 | 49.4 | -2% | 44.2 | 43.9 | -1% | 6.5 | 5.5 | ||||||||||||||||
Japan | 32.5 | 37.4 | 15% | 44.2 | 41.2 | -7% | -11.7 | -3.8 | ||||||||||||||||
Turkey | 47.9 | 49.3 | 3% | 29.5 | 28.3 | -4% | 18.3 | 21.0 | ||||||||||||||||
Main trading partners - EU27 - non seasonally adjusted data bn euro
| ||||||||||||||||||||||||
USA | 216.5 | 246.5 | 14% | 159.6 | 174.2 | 9% | 56.9 | 72.3 | ||||||||||||||||
China | 111.8 | 120.6 | 8% | 245.4 | 243.5 | -1% | -133.7 | -122.9 | ||||||||||||||||
Russia | 88.6 | 102.7 | 16% | 165.9 | 176.1 | 6% | -77.3 | -73.4 | ||||||||||||||||
Switzerland | 115.4 | 111.6 | -3% | 77.8 | 89.7 | 15% | 37.7 | 21.9 | ||||||||||||||||
Norway | 38.8 | 41.6 | 7% | 77.5 | 84.7 | 9% | -38.7 | -43.1 | ||||||||||||||||
Turkey | 61.5 | 62.7 | 2% | 40.3 | 40.0 | -1% | 21.2 | 22.7 | ||||||||||||||||
Japan | 40.4 | 46.5 | 15% | 57.8 | 54.2 | -6% | -17.4 | -7.7 | ||||||||||||||||
Brazil | 29.3 | 33.0 | 13% | 33.1 | 31.7 | -4% | -3.8 | 1.3 | ||||||||||||||||
South Korea | 26.3 | 30.9 | 18% | 30.3 | 32.3 | 7% | -4.0 | -1.4 | ||||||||||||||||
India | 33.6 | 32.0 | -5% | 33.6 | 30.9 | -8% | 0.0 | 1.2 | ||||||||||||||||
Member States' total trade (intra-EU + extra-EU) - non seasonally adjusted data bn euro
| ||||||||||||||||||||||||
Belgium | 286.7 | 291.8 | 2% | 279.5 | 282.7 | 1% | 7.2 | 9.1 | ||||||||||||||||
Bulgaria | 16.9 | 17.3 | 2% | 19.2 | 21.3 | 11% | -2.3 | -4.0 | ||||||||||||||||
Czech Republic | 97.7 | 102.6 | 5% | 90.9 | 91.8 | 1% | 6.8 | 10.8 | ||||||||||||||||
Denmark | 66.9 | 69.2 | 3% | 57.0 | 60.6 | 6% | 9.9 | 8.6 | ||||||||||||||||
Germany | 880.4 | 922.3 | 5% | 751.4 | 764.6 | 2% | 129.0 | 157.7 | ||||||||||||||||
Estonia | 10.0 | 10.5 | 5% | 10.6 | 11.5 | 9% | -0.6 | -1.0 | ||||||||||||||||
Ireland | 75.3 | 76.7 | 2% | 39.7 | 41.0 | 3% | 35.6 | 35.6 | ||||||||||||||||
Greece | 18.6 | 20.9 | 13% | 37.4 | 34.2 | -9% | -18.8 | -13.2 | ||||||||||||||||
Spain | 183.0 | 189.5 | 4% | 224.2 | 218.8 | -2% | -41.2 | -29.3 | ||||||||||||||||
France | 354.8 | 371.0 | 5% | 431.5 | 440.1 | 2% | -76.7 | -69.1 | ||||||||||||||||
Italy | 312.1 | 325.6 | 4% | 337.4 | 318.9 | -5% | -25.3 | 6.6 | ||||||||||||||||
Cyprus | 1.1 | 1.2 | 6% | 5.2 | 4.8 | -8% | -4.1 | -3.7 | ||||||||||||||||
Latvia | 7.7 | 8.9 | 15% | 9.6 | 10.9 | 14% | -1.9 | -2.0 | ||||||||||||||||
Lithuania | 16.6 | 18.8 | 13% | 18.9 | 20.6 | 9% | -2.3 | -1.9 | ||||||||||||||||
Luxembourg | 12.9 | 12.5 | -4% | 17.5 | 17.6 | 1% | -4.6 | -5.2 | ||||||||||||||||
Hungary | 67.2 | 68.1 | 1% | 61.1 | 62.1 | 2% | 6.1 | 6.0 | ||||||||||||||||
Malta | 2.5 | 2.5 | 1% | 3.7 | 4.1 | 11% | -1.2 | -1.6 | ||||||||||||||||
Netherlands | 397.1 | 424.3 | 7% | 357.6 | 383.3 | 7% | 39.5 | 41.0 | ||||||||||||||||
Austria | 106.1 | 108.9 | 3% | 114.2 | 116.0 | 2% | -8.1 | -7.2 | ||||||||||||||||
Poland | 113.4 | 119.7 | 6% | 126.4 | 127.2 | 1% | -13.0 | -7.5 | ||||||||||||||||
Portugal | 35.7 | 38.2 | 7% | 49.9 | 47.4 | -5% | -14.2 | -9.1 | ||||||||||||||||
Romania | 37.8 | 37.6 | 0% | 45.5 | 45.9 | 1% | -7.7 | -8.3 | ||||||||||||||||
Slovenia | 20.8 | 21.1 | 1% | 21.2 | 20.9 | -1% | -0.4 | 0.2 | ||||||||||||||||
Slovakia | 47.6 | 52.9 | 11% | 47.6 | 50.6 | 6% | 0.1 | 2.3 | ||||||||||||||||
Finland | 47.2 | 47.7 | 1% | 49.9 | 49.4 | -1% | -2.8 | -1.7 | ||||||||||||||||
Sweden | 112.1 | 113.4 | 1% | 105.3 | 105.9 | 1% | 6.8 | 7.5 | ||||||||||||||||
United Kingdom | 298.5 | 304.9 | 2% | 399.0 | 444.8 | 11% | -100.5 | -139.8 | ||||||||||||||||
Annex - Seasonally adjusted data
Seasonally adjusted series have been calculated using a harmonised methodology. The seasonally adjusted series give a complementary view of the monthly developments in trade. Seasonally adjusted figures may not match those published by Member States due to differences in the raw data3, in the choice of seasonal adjustment model and to the use of series in national currency or in euro.
EA17trade - seasonally adjusted data bn euro
Flows | Jun 12 | Jul 12 | Aug 12 | Sep12 | Oct 12 | Nov 12 |
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Extra-EA17 exports | 158.3 | 155.0 | 160.2 | 157.7 | 155.8 | 157.1 | -2.1% | 3.4% | -1.6% | -1.2% | 0.8% | ||||||||||
Extra-EA17 imports | 149.1 | 148.0 | 151.6 | 147.1 | 148.3 | 146.1 | -0.7% | 2.4% | -2.9% | 0.8% | -1.5% | ||||||||||
Extra-EA17 trade balance | 9.2 | 7.0 | 8.6 | 10.6 | 7.4 | 11.0 | |||||||||||||||
Intra-EA17 dispatches | 136.0 | 135.8 | 137.9 | 134.5 | 133.6 | 133.5 | -0.1% | 1.6% | -2.5% | -0.7% | -0.1% | ||||||||||
EU27 trade - seasonally adjusted data bn euro
Flows | Jun 12 | Jul 12 | Aug 12 | Sep12 | Oct 12 | Nov 12 |
| ||||||||||||||
Extra-EU27 exports | 143.4 | 140.9 | 144.9 | 142.0 | 140.1 | 141.7 | -1.8% | 2.9% | -2.0% | -1.3% | 1.1% | ||||||||||
Extra-EU27 imports | 148.7 | 147.1 | 152.2 | 152.3 | 149.7 | 145.3 | -1.1% | 3.5% | 0.1% | -1.7% | -3.0% | ||||||||||
Extra-EU27 trade balance | -5.3 | -6.2 | -7.3 | -10.3 | -9.6 | -3.6 | |||||||||||||||
Intra-EU27 dispatches | 236.0 | 237.0 | 241.3 | 235.9 | 234.4 | 235.8 | 0.4% | 1.8% | -2.2% | -0.6% | 0.6% | ||||||||||
Contribution of EU27 Member States to extra-EU27 trade - seasonally adjusted data bn euro
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EU27 | 140.1 | 141.7 | 1.1% | 149.7 | 145.3 | -3.0% | -9.6 | -3.6 | ||||||||||||||||
Belgium | 8.2 | 8.8 | 7.1% | 8.5 | 9.0 | 5.5% | -0.3 | -0.2 | ||||||||||||||||
Bulgaria | 0.7 | 0.8 | 13.6% | 0.9 | 0.8 | -15.0% | -0.2 | 0.0 | ||||||||||||||||
Czech Republic | 2.0 | 1.9 | -2.0% | 2.2 | 2.1 | -4.1% | -0.2 | -0.2 | ||||||||||||||||
Denmark | 2.5 | 2.5 | 0.8% | 1.9 | 1.7 | -7.0% | 0.6 | 0.7 | ||||||||||||||||
Germany | 38.8 | 38.6 | -0.4% | 28.5 | 25.7 | -9.7% | 10.3 | 12.9 | ||||||||||||||||
Estonia | 0.3 | 0.4 | 10.1% | 0.3 | 0.2 | -19.4% | 0.1 | 0.2 | ||||||||||||||||
Ireland | 3.1 | 3.2 | 4.5% | 1.3 | 1.2 | -7.0% | 1.8 | 2.0 | ||||||||||||||||
Greece | 1.3 | 1.3 | 5.0% | 1.9 | 2.2 | 15.6% | -0.7 | -0.9 | ||||||||||||||||
Spain | 7.6 | 7.2 | -4.6% | 9.6 | 9.8 | 2.0% | -2.1 | -2.6 | ||||||||||||||||
France | 15.1 | 15.5 | 2.9% | 14.2 | 13.8 | -3.3% | 0.8 | 1.8 | ||||||||||||||||
Italy | 15.1 | 15.3 | 1.8% | 15.0 | 14.2 | -4.9% | 0.1 | 1.1 | ||||||||||||||||
Cyprus | 0.0 | 0.0 | -9.1% | 0.1 | 0.2 | 15.8% | -0.1 | -0.1 | ||||||||||||||||
Latvia | 0.3 | 0.4 | 20.9% | 0.2 | 0.3 | 4.6% | 0.1 | 0.2 | ||||||||||||||||
Lithuania | 0.9 | 1.0 | 12.9% | 1.1 | 0.9 | -10.2% | -0.2 | 0.0 | ||||||||||||||||
Luxembourg | 0.3 | 0.3 | 7.8% | 0.5 | 0.6 | 19.4% | -0.2 | -0.3 | ||||||||||||||||
Hungary | 1.7 | 1.6 | -3.5% | 1.8 | 1.8 | 2.9% | -0.1 | -0.2 | ||||||||||||||||
Malta | 0.1 | 0.2 | 47.7% | 0.1 | 0.1 | 29.1% | 0.0 | 0.1 | ||||||||||||||||
Netherlands | 10.2 | 10.3 | 0.9% | 20.6 | 21.3 | 3.5% | -10.4 | -11.0 | ||||||||||||||||
Austria | 3.4 | 3.4 | 1.7% | 2.8 | 2.8 | 2.3% | 0.6 | 0.6 | ||||||||||||||||
Poland | 3.1 | 3.0 | -4.0% | 4.2 | 4.4 | 4.1% | -1.1 | -1.4 | ||||||||||||||||
Portugal | 1.1 | 1.1 | -1.7% | 1.2 | 1.2 | -2.9% | -0.1 | -0.1 | ||||||||||||||||
Romania | 1.1 | 1.3 | 13.1% | 1.2 | 1.2 | -4.6% | -0.1 | 0.1 | ||||||||||||||||
Slovenia | 0.6 | 0.7 | 3.1% | 0.6 | 0.7 | 1.0% | 0.0 | 0.0 | ||||||||||||||||
Slovakia | 0.8 | 0.9 | 5.2% | 1.4 | 1.5 | 4.8% | -0.6 | -0.6 | ||||||||||||||||
Finland | 2.3 | 2.2 | -2.4% | 1.8 | 1.7 | -5.9% | 0.5 | 0.6 | ||||||||||||||||
Sweden | 4.7 | 4.8 | 2.9% | 3.5 | 3.5 | -0.6% | 1.2 | 1.4 | ||||||||||||||||
United Kingdom | 14.9 | 14.8 | -0.2% | 24.3 | 22.4 | -7.6% | -9.4 | -7.6 | ||||||||||||||||
Seasonally adjusted data
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