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Peaks and Troughs

Source: American Chemistry Cou


National
Bureau of
Economic
Research
(NBER)
1919M1
1919M2
1919M3
1919M4
1919M5
1919M6
1919M7
1919M8
1919M9
1919M10
1919M11
1919M12
1920M1
1920M2
1920M3
1920M4
1920M5
1920M6
1920M7
1920M8
1920M9
1920M10
1920M11
1920M12
1921M1
1921M2
1921M3
1921M4
1921M5
1921M6
1921M7
1921M8
1921M9
1921M10
1921M11
1921M12

CAB
T

T
T

Revisions
from Prior
Month

Chemicals
Activity
Barometer
(CAB)
% M/M
3.5
-5.6
3.4
-2.6
3.4
-0.9
3.5
3.8
3.8
8.2
3.9
1.6
3.9
-0.5
3.7
-3.1
3.8
2.9
3.9
1.3
3.9
-1.0
3.8
-0.3
3.8
-0.8
3.7
-3.1
3.7
0.5
3.5
-5.7
3.4
-4.3
3.3
-1.2
3.4
1.8
3.5
3.0
3.3
-5.8
3.2
-3.7
3.1
-1.3
3.0
-4.8
2.9
-3.4
2.9
1.0
2.9
-0.7
2.4
-17.4
2.3
-2.5
2.4
2.6
2.8
16.0
2.3
-17.8
2.5
11.5
2.8
11.1
3.1
10.0
3.2
3.9

1922M1
1922M2
1922M3
1922M4
1922M5
1922M6
1922M7
1922M8
1922M9
1922M10
1922M11
1922M12
1923M1
1923M2
1923M3
1923M4
1923M5
1923M6
1923M7
1923M8
1923M9
1923M10
1923M11
1923M12
1924M1
1924M2
1924M3
1924M4
1924M5
1924M6
1924M7
1924M8
1924M9
1924M10
1924M11
1924M12
1925M1
1925M2
1925M3
1925M4
1925M5
1925M6
1925M7
1925M8
1925M9

3.4
3.5
3.8
3.6
3.6
3.7
3.8
3.8
3.9
4.2
4.6
4.8
4.8
4.7
4.7
4.7
4.8
4.9
4.9
4.8
4.7
4.6
4.5
4.6
4.6
4.7
4.7
4.8
4.9
4.8
4.8
4.8
4.8
4.8
4.9
4.9
4.9
5.1
5.2
5.2
5.2
5.2
5.3
5.3
5.3

6.6
2.9
8.8
-6.5
-0.6
2.8
3.6
1.3
1.8
7.4
9.5
3.9
-0.4
-0.2
-0.6
-0.4
1.9
2.9
-0.2
-2.2
-2.1
-2.1
-2.6
1.8
1.5
0.4
1.7
1.3
2.7
-2.6
0.0
0.4
0.6
-0.4
2.3
0.0
-0.6
3.5
2.0
-0.2
0.8
-0.8
2.3
0.8
-0.4

1925M10
1925M11
1925M12
1926M1
1926M2
1926M3
1926M4
1926M5
1926M6
1926M7
1926M8
1926M9
1926M10
1926M11
1926M12
1927M1
1927M2
1927M3
1927M4
1927M5
1927M6
1927M7
1927M8
1927M9
1927M10
1927M11
1927M12
1928M1
1928M2
1928M3
1928M4
1928M5
1928M6
1928M7
1928M8
1928M9
1928M10
1928M11
1928M12
1929M1
1929M2
1929M3
1929M4
1929M5
1929M6

P
T

5.4
5.6
5.5
5.6
5.6
5.6
5.6
5.6
5.7
5.7
5.7
5.7
5.7
5.7
5.6
5.7
5.6
5.6
5.7
5.7
5.8
5.7
5.7
5.8
5.8
5.8
5.9
5.9
6.0
6.1
6.1
6.2
6.3
6.4
6.5
6.6
6.6
6.7
6.8
6.7
6.7
6.6
6.5
6.5
6.6

2.3
2.4
-0.2
1.6
-0.7
-0.2
0.5
-0.2
2.5
-1.6
0.4
1.2
-1.0
-0.5
-0.7
1.4
-1.1
0.0
1.1
0.2
1.2
-1.9
1.2
0.5
0.3
0.7
0.9
-0.3
2.6
0.8
0.8
1.3
1.3
1.4
1.6
1.6
0.9
1.4
0.7
-0.3
-0.9
-1.5
-0.8
-0.6
1.2

1929M7
1929M8
1929M9
1929M10
1929M11
1929M12
1930M1
1930M2
1930M3
1930M4
1930M5
1930M6
1930M7
1930M8
1930M9
1930M10
1930M11
1930M12
1931M1
1931M2
1931M3
1931M4
1931M5
1931M6
1931M7
1931M8
1931M9
1931M10
1931M11
1931M12
1932M1
1932M2
1932M3
1932M4
1932M5
1932M6
1932M7
1932M8
1932M9
1932M10
1932M11
1932M12
1933M1
1933M2
1933M3

6.6
6.6
6.5
6.5
6.3
6.2
6.3
6.2
6.2
6.0
6.1
6.0
6.0
5.9
5.8
5.7
5.6
5.5
5.3
5.2
5.2
5.3
5.3
5.2
5.1
4.9
4.8
4.7
4.5
4.6
4.8
4.8
4.7
4.7
4.5
4.3
4.0
4.1
4.7
5.1
5.4
5.3
5.1
5.0
4.8

0.5
-0.3
-0.6
-1.2
-2.3
-1.0
1.3
-1.6
-0.8
-2.3
0.5
-1.2
-0.2
-1.2
-1.4
-3.1
-0.5
-2.1
-4.0
-0.8
-0.4
0.8
0.4
-0.8
-1.9
-4.1
-2.8
-1.9
-3.6
0.9
4.2
0.0
-0.8
-1.5
-2.6
-6.2
-5.4
2.7
13.6
8.1
5.7
-1.7
-3.4
-2.2
-3.2

1933M4
1933M5
1933M6
1933M7
1933M8
1933M9
1933M10
1933M11
1933M12
1934M1
1934M2
1934M3
1934M4
1934M5
1934M6
1934M7
1934M8
1934M9
1934M10
1934M11
1934M12
1935M1
1935M2
1935M3
1935M4
1935M5
1935M6
1935M7
1935M8
1935M9
1935M10
1935M11
1935M12
1936M1
1936M2
1936M3
1936M4
1936M5
1936M6
1936M7
1936M8
1936M9
1936M10
1936M11
1936M12

4.9
5.1
5.5
5.8
5.6
5.7
5.6
5.5
5.5
5.4
5.6
5.6
5.7
5.8
5.9
5.9
5.8
5.8
5.8
5.8
6.0
6.2
6.2
6.3
6.3
6.3
6.3
6.4
6.6
6.7
6.8
6.8
6.9
7.0
6.9
7.1
7.2
7.3
7.4
7.6
7.6
7.7
7.7
7.8
7.8

1.0
4.9
6.8
5.7
-2.3
0.2
-0.7
-2.1
-0.4
-1.5
3.2
0.5
2.3
0.7
1.6
0.5
-0.7
-1.5
1.2
0.0
3.1
2.5
1.1
1.6
-0.2
0.0
-0.5
1.9
2.5
1.5
1.5
0.7
1.9
0.1
-0.6
3.0
0.8
2.1
1.2
2.2
0.5
1.3
-0.1
0.9
0.8

1937M1
1937M2
1937M3
1937M4
1937M5
1937M6
1937M7
1937M8
1937M9
1937M10
1937M11
1937M12
1938M1
1938M2
1938M3
1938M4
1938M5
1938M6
1938M7
1938M8
1938M9
1938M10
1938M11
1938M12
1939M1
1939M2
1939M3
1939M4
1939M5
1939M6
1939M7
1939M8
1939M9
1939M10
1939M11
1939M12
1940M1
1940M2
1940M3
1940M4
1940M5
1940M6
1940M7
1940M8
1940M9

T
T

7.8
7.7
7.4
7.3
7.3
7.3
7.3
7.2
7.1
7.0
7.0
6.8
6.7
6.8
6.9
6.7
6.8
6.8
6.8
6.9
7.0
7.1
7.1
7.2
7.5
7.6
7.7
7.8
7.7
7.7
7.6
7.5
7.9
8.2
8.3
8.3
8.2
8.1
8.1
8.3
8.6
8.8
8.9
8.9
9.0

-0.3
-1.9
-3.3
-1.5
-0.7
0.8
-0.5
-1.2
-0.7
-2.1
0.1
-2.6
-1.9
1.6
1.5
-2.5
0.6
-0.3
0.1
2.4
1.0
1.0
0.6
1.8
3.0
2.1
1.2
1.0
-0.5
-0.9
-0.4
-1.3
4.6
4.1
0.5
0.8
-2.0
-0.4
0.1
2.6
2.6
2.2
2.1
-0.9
1.8

1940M10
1940M11
1940M12
1941M1
1941M2
1941M3
1941M4
1941M5
1941M6
1941M7
1941M8
1941M9
1941M10
1941M11
1941M12
1942M1
1942M2
1942M3
1942M4
1942M5
1942M6
1942M7
1942M8
1942M9
1942M10
1942M11
1942M12
1943M1
1943M2
1943M3
1943M4
1943M5
1943M6
1943M7
1943M8
1943M9
1943M10
1943M11
1943M12
1944M1
1944M2
1944M3
1944M4
1944M5
1944M6

9.1
9.2
9.4
9.5
9.6
9.7
10.1
10.3
10.7
10.8
10.6
10.7
10.7
10.9
11.2
11.5
11.8
12.0
12.3
12.4
12.7
12.9
12.9
13.0
13.3
13.9
14.3
14.7
15.0
15.3
15.4
15.7
16.0
16.0
16.1
15.8
15.9
15.7
15.2
15.1
15.0
14.6
14.1
14.1
13.9

1.2
1.0
2.4
0.8
0.8
0.6
4.1
2.1
4.0
1.2
-1.7
0.5
0.5
1.9
2.5
2.5
3.2
1.1
2.4
1.1
2.8
0.9
0.3
0.6
2.3
4.4
3.2
2.9
1.6
1.9
1.2
1.6
1.8
0.4
0.2
-1.6
0.2
-1.1
-3.2
-0.5
-0.6
-3.1
-3.0
-0.4
-0.9

1944M7
1944M8
1944M9
1944M10
1944M11
1944M12
1945M1
1945M2
1945M3
1945M4
1945M5
1945M6
1945M7
1945M8
1945M9
1945M10
1945M11
1945M12
1946M1
1946M2
1946M3
1946M4
1946M5
1946M6
1946M7
1946M8
1946M9
1946M10
1946M11
1946M12
1947M1
1947M2
1947M3
1947M4
1947M5
1947M6
1947M7
1947M8
1947M9
1947M10
1947M11
1947M12
1948M1
1948M2
1948M3

T
T

13.8
13.7
13.3
13.2
13.0
12.7
12.2
12.0
12.2
12.2
12.0
11.7
11.9
10.9
10.1
10.1
10.3
10.5
10.7
10.7
10.8
10.9
10.8
10.9
11.0
11.0
11.0
11.0
11.1
11.2
13.2
13.4
13.4
13.6
13.7
13.6
13.7
13.8
13.8
14.0
14.1
14.4
14.6
14.6
14.7

-1.1
-0.9
-2.4
-1.1
-1.1
-2.8
-3.9
-1.4
1.7
-0.1
-2.0
-2.1
1.7
-8.9
-7.2
0.7
1.6
2.0
1.5
0.6
0.3
0.9
-0.4
0.7
0.8
0.0
-0.4
0.6
1.1
0.7
17.7
1.7
0.0
0.9
0.9
-0.9
0.9
0.8
0.0
1.7
0.9
1.6
1.6
0.0
0.8

1948M4
1948M5
1948M6
1948M7
1948M8
1948M9
1948M10
1948M11
1948M12
1949M1
1949M2
1949M3
1949M4
1949M5
1949M6
1949M7
1949M8
1949M9
1949M10
1949M11
1949M12
1950M1
1950M2
1950M3
1950M4
1950M5
1950M6
1950M7
1950M8
1950M9
1950M10
1950M11
1950M12
1951M1
1951M2
1951M3
1951M4
1951M5
1951M6
1951M7
1951M8
1951M9
1951M10
1951M11
1951M12

14.6
14.8
15.1
15.1
15.1
15.1
15.1
15.1
14.8
14.7
14.7
14.4
14.1
14.0
14.0
13.9
14.5
14.8
15.2
15.4
15.6
16.0
16.5
16.9
17.4
17.8
18.2
18.7
19.2
19.5
19.7
19.9
20.2
20.0
20.5
20.7
20.7
20.9
21.1
21.1
21.0
20.6
20.6
20.9
21.0

-0.8
1.6
1.6
0.0
0.0
0.0
0.0
0.0
-1.5
-0.7
0.0
-2.4
-1.6
-0.8
0.0
-0.8
4.2
2.3
2.4
1.5
1.5
2.2
2.9
2.8
2.8
2.6
2.0
2.5
3.1
1.2
1.2
1.2
1.2
-0.5
2.3
1.1
0.0
0.6
1.1
0.0
-0.6
-1.6
0.0
1.1
0.5

1952M1
1952M2
1952M3
1952M4
1952M5
1952M6
1952M7
1952M8
1952M9
1952M10
1952M11
1952M12
1953M1
1953M2
1953M3
1953M4
1953M5
1953M6
1953M7
1953M8
1953M9
1953M10
1953M11
1953M12
1954M1
1954M2
1954M3
1954M4
1954M5
1954M6
1954M7
1954M8
1954M9
1954M10
1954M11
1954M12
1955M1
1955M2
1955M3
1955M4
1955M5
1955M6
1955M7
1955M8
1955M9

P
P

21.3
21.2
21.1
21.2
21.1
21.2
21.7
21.8
22.1
22.6
22.6
22.6
22.7
23.1
23.3
23.8
24.3
23.9
24.1
23.8
23.6
23.4
23.3
22.9
22.8
23.4
23.8
24.1
24.5
24.9
25.1
25.3
25.5
26.0
26.6
27.0
27.5
27.9
28.1
28.1
28.3
28.4
28.6
28.6
28.7

1.7
-0.6
-0.6
0.6
-0.6
0.6
2.2
0.6
1.6
2.1
0.0
0.0
0.5
1.5
1.0
2.0
2.4
-1.9
1.0
-1.5
-0.5
-1.0
-0.5
-1.5
-0.5
2.5
1.5
1.5
1.5
1.9
0.9
0.5
0.9
1.8
2.7
1.3
1.7
1.5
0.6
0.3
0.5
0.4
0.7
-0.1
0.6

1955M10
1955M11
1955M12
1956M1
1956M2
1956M3
1956M4
1956M5
1956M6
1956M7
1956M8
1956M9
1956M10
1956M11
1956M12
1957M1
1957M2
1957M3
1957M4
1957M5
1957M6
1957M7
1957M8
1957M9
1957M10
1957M11
1957M12
1958M1
1958M2
1958M3
1958M4
1958M5
1958M6
1958M7
1958M8
1958M9
1958M10
1958M11
1958M12
1959M1
1959M2
1959M3
1959M4
1959M5
1959M6

T
T

28.6
28.7
28.8
28.6
28.4
28.6
28.6
28.3
28.3
28.3
28.4
28.4
28.4
28.4
28.5
28.4
28.5
28.5
28.4
28.5
28.4
28.3
28.3
27.8
27.6
27.3
26.9
27.0
26.8
26.7
27.0
27.2
27.7
28.4
28.8
29.2
29.7
29.9
30.3
30.7
31.0
31.3
31.5
31.6
31.5

-0.6
0.5
0.2
-0.4
-0.7
0.4
0.1
-1.0
0.0
0.0
0.3
0.1
0.1
0.0
0.1
-0.1
0.1
0.0
-0.1
0.1
-0.2
-0.4
0.1
-1.9
-0.8
-0.9
-1.7
0.6
-0.8
-0.1
0.9
0.9
1.9
2.3
1.6
1.2
1.8
0.8
1.3
1.4
0.8
1.0
0.6
0.3
-0.3

1959M7
1959M8
1959M9
1959M10
1959M11
1959M12
1960M1
1960M2
1960M3
1960M4
1960M5
1960M6
1960M7
1960M8
1960M9
1960M10
1960M11
1960M12
1961M1
1961M2
1961M3
1961M4
1961M5
1961M6
1961M7
1961M8
1961M9
1961M10
1961M11
1961M12
1962M1
1962M2
1962M3
1962M4
1962M5
1962M6
1962M7
1962M8
1962M9
1962M10
1962M11
1962M12
1963M1
1963M2
1963M3

31.5
31.4
31.5
31.1
31.0
31.5
31.5
31.2
31.0
31.1
31.0
31.0
30.7
30.8
30.8
30.7
30.6
30.7
31.0
31.1
31.5
31.8
32.1
32.4
32.6
33.2
33.2
33.5
33.8
34.0
34.0
34.2
34.2
34.2
34.0
33.8
33.9
34.0
34.1
34.2
34.5
34.6
35.0
35.3
35.6

0.1
-0.3
0.2
-1.1
-0.3
1.4
-0.1
-0.7
-0.7
0.3
-0.4
0.1
-1.0
0.3
0.0
-0.4
-0.1
0.2
1.0
0.4
1.4
0.8
1.1
1.0
0.6
1.8
-0.1
0.9
0.8
0.7
-0.3
0.7
0.0
0.0
-0.7
-0.4
0.4
0.3
0.2
0.4
0.9
0.3
0.9
0.9
0.9

1963M4
1963M5
1963M6
1963M7
1963M8
1963M9
1963M10
1963M11
1963M12
1964M1
1964M2
1964M3
1964M4
1964M5
1964M6
1964M7
1964M8
1964M9
1964M10
1964M11
1964M12
1965M1
1965M2
1965M3
1965M4
1965M5
1965M6
1965M7
1965M8
1965M9
1965M10
1965M11
1965M12
1966M1
1966M2
1966M3
1966M4
1966M5
1966M6
1966M7
1966M8
1966M9
1966M10
1966M11
1966M12

35.9
36.2
36.3
36.5
36.6
36.9
37.1
37.3
37.3
37.5
37.8
38.0
38.3
38.4
38.7
38.9
39.2
39.5
39.6
39.7
39.9
40.3
40.5
40.8
40.9
41.1
41.2
41.2
41.4
41.7
42.1
42.3
42.8
42.9
43.1
43.4
43.4
43.1
43.0
43.0
42.8
42.5
42.3
42.4
42.2

0.9
0.7
0.2
0.5
0.3
0.9
0.6
0.3
0.1
0.6
0.8
0.4
0.8
0.4
0.7
0.6
0.7
0.8
0.1
0.3
0.7
1.0
0.3
0.9
0.1
0.5
0.2
0.2
0.4
0.8
0.8
0.6
1.0
0.3
0.6
0.7
-0.1
-0.6
-0.3
0.0
-0.4
-0.7
-0.6
0.4
-0.5

1967M1
1967M2
1967M3
1967M4
1967M5
1967M6
1967M7
1967M8
1967M9
1967M10
1967M11
1967M12
1968M1
1968M2
1968M3
1968M4
1968M5
1968M6
1968M7
1968M8
1968M9
1968M10
1968M11
1968M12
1969M1
1969M2
1969M3
1969M4
1969M5
1969M6
1969M7
1969M8
1969M9
1969M10
1969M11
1969M12
1970M1
1970M2
1970M3
1970M4
1970M5
1970M6
1970M7
1970M8
1970M9

42.5
42.4
42.5
42.6
43.0
43.3
43.5
44.0
44.3
44.5
44.9
45.1
45.2
45.3
45.6
45.7
46.1
46.3
46.4
46.4
46.9
47.3
47.5
47.4
47.5
47.9
47.8
48.1
48.1
47.7
47.4
47.5
47.6
47.4
47.2
46.9
46.5
46.1
45.9
45.5
45.5
45.5
45.5
45.5
45.7

0.7
-0.4
0.2
0.2
1.0
0.7
0.5
1.1
0.7
0.5
0.9
0.5
0.1
0.4
0.5
0.2
1.0
0.3
0.3
0.1
0.9
0.8
0.4
-0.2
0.4
0.7
-0.2
0.6
0.1
-0.9
-0.6
0.1
0.3
-0.5
-0.4
-0.6
-0.9
-0.9
-0.3
-0.9
-0.1
0.1
0.0
-0.1
0.6

1970M10
1970M11
1970M12
1971M1
1971M2
1971M3
1971M4
1971M5
1971M6
1971M7
1971M8
1971M9
1971M10
1971M11
1971M12
1972M1
1972M2
1972M3
1972M4
1972M5
1972M6
1972M7
1972M8
1972M9
1972M10
1972M11
1972M12
1973M1
1973M2
1973M3
1973M4
1973M5
1973M6
1973M7
1973M8
1973M9
1973M10
1973M11
1973M12
1974M1
1974M2
1974M3
1974M4
1974M5
1974M6

45.7
45.4
46.0
46.2
47.0
47.3
47.8
48.4
48.6
48.8
48.8
49.0
49.3
49.4
50.2
51.1
51.7
52.1
52.4
52.5
52.6
52.6
53.4
54.0
54.4
55.0
55.7
56.4
56.7
56.5
56.3
56.5
56.2
56.1
55.8
55.4
55.6
55.3
54.8
55.2
55.1
55.1
54.8
54.3
53.6

-0.1
-0.6
1.3
0.6
1.7
0.5
1.2
1.2
0.5
0.5
-0.1
0.4
0.7
0.1
1.6
1.8
1.3
0.7
0.6
0.2
0.2
-0.1
1.6
1.1
0.8
1.0
1.3
1.2
0.6
-0.4
-0.4
0.3
-0.5
-0.2
-0.5
-0.8
0.5
-0.5
-1.0
0.6
-0.1
0.0
-0.6
-1.0
-1.2

1974M7
1974M8
1974M9
1974M10
1974M11
1974M12
1975M1
1975M2
1975M3
1975M4
1975M5
1975M6
1975M7
1975M8
1975M9
1975M10
1975M11
1975M12
1976M1
1976M2
1976M3
1976M4
1976M5
1976M6
1976M7
1976M8
1976M9
1976M10
1976M11
1976M12
1977M1
1977M2
1977M3
1977M4
1977M5
1977M6
1977M7
1977M8
1977M9
1977M10
1977M11
1977M12
1978M1
1978M2
1978M3

T
T

53.4
52.4
51.6
50.8
49.6
48.2
47.7
47.3
47.1
47.6
48.0
48.5
49.0
49.4
49.9
50.4
50.7
51.1
51.6
52.6
52.9
53.3
53.6
53.6
54.0
54.3
54.6
54.6
55.0
55.4
55.5
56.1
56.9
57.1
57.5
57.8
57.8
58.0
58.0
58.1
58.2
58.3
58.4
58.6
59.0

-0.4
-1.9
-1.5
-1.6
-2.3
-2.8
-1.1
-0.9
-0.3
0.9
0.8
1.0
1.1
0.8
1.1
0.9
0.6
0.8
1.0
1.8
0.7
0.6
0.6
0.1
0.7
0.5
0.7
-0.1
0.8
0.7
0.2
1.0
1.5
0.4
0.7
0.4
0.0
0.3
0.1
0.1
0.2
0.2
0.2
0.3
0.6

1978M4
1978M5
1978M6
1978M7
1978M8
1978M9
1978M10
1978M11
1978M12
1979M1
1979M2
1979M3
1979M4
1979M5
1979M6
1979M7
1979M8
1979M9
1979M10
1979M11
1979M12
1980M1
1980M2
1980M3
1980M4
1980M5
1980M6
1980M7
1980M8
1980M9
1980M10
1980M11
1980M12
1981M1
1981M2
1981M3
1981M4
1981M5
1981M6
1981M7
1981M8
1981M9
1981M10
1981M11
1981M12

T
T

59.6
59.9
60.1
60.2
60.6
60.9
60.9
60.8
60.8
60.6
60.8
61.1
60.8
61.1
60.7
60.7
60.5
60.0
59.8
59.2
59.0
59.1
58.9
57.5
56.0
54.8
54.5
54.7
55.6
56.3
56.7
57.4
57.5
57.0
56.6
56.9
57.3
57.2
56.8
56.5
56.2
55.6
55.1
54.5
53.9

1.1
0.4
0.4
0.1
0.6
0.6
0.0
-0.2
0.0
-0.3
0.4
0.4
-0.6
0.5
-0.5
-0.1
-0.3
-0.8
-0.4
-0.9
-0.4
0.2
-0.5
-2.3
-2.7
-2.2
-0.4
0.4
1.5
1.3
0.7
1.1
0.3
-0.9
-0.7
0.5
0.7
-0.3
-0.6
-0.6
-0.4
-1.1
-1.0
-1.1
-1.0

1982M1
1982M2
1982M3
1982M4
1982M5
1982M6
1982M7
1982M8
1982M9
1982M10
1982M11
1982M12
1983M1
1983M2
1983M3
1983M4
1983M5
1983M6
1983M7
1983M8
1983M9
1983M10
1983M11
1983M12
1984M1
1984M2
1984M3
1984M4
1984M5
1984M6
1984M7
1984M8
1984M9
1984M10
1984M11
1984M12
1985M1
1985M2
1985M3
1985M4
1985M5
1985M6
1985M7
1985M8
1985M9

53.4
53.9
53.5
53.4
53.1
52.9
53.0
52.6
53.3
53.5
53.7
54.2
55.2
56.4
57.1
57.7
58.4
59.0
59.7
59.8
60.6
61.1
61.4
61.3
62.1
62.5
62.7
62.7
62.9
62.9
62.7
62.8
62.7
62.7
63.2
63.2
63.5
63.8
63.9
64.0
64.1
64.4
64.8
64.7
65.0

-0.9
0.9
-0.7
-0.1
-0.6
-0.4
0.2
-0.7
1.4
0.3
0.4
0.9
1.8
2.2
1.3
1.0
1.3
1.0
1.2
0.1
1.3
0.9
0.4
0.0
1.2
0.6
0.4
0.0
0.4
0.0
-0.4
0.1
-0.1
0.1
0.8
-0.1
0.6
0.5
0.2
0.1
0.3
0.4
0.6
-0.1
0.4

1985M10
1985M11
1985M12
1986M1
1986M2
1986M3
1986M4
1986M5
1986M6
1986M7
1986M8
1986M9
1986M10
1986M11
1986M12
1987M1
1987M2
1987M3
1987M4
1987M5
1987M6
1987M7
1987M8
1987M9
1987M10
1987M11
1987M12
1988M1
1988M2
1988M3
1988M4
1988M5
1988M6
1988M7
1988M8
1988M9
1988M10
1988M11
1988M12
1989M1
1989M2
1989M3
1989M4
1989M5
1989M6

64.9
65.4
65.8
66.4
66.5
66.4
66.7
67.3
67.7
67.7
67.8
68.2
68.5
68.7
69.4
69.9
70.4
70.7
71.2
71.5
71.8
72.3
72.5
72.7
72.6
72.2
72.2
72.3
72.5
73.1
73.3
73.3
73.8
73.9
74.1
74.2
74.7
75.0
75.1
75.3
75.3
75.2
75.3
75.0
75.1

-0.1
0.7
0.5
1.0
0.1
-0.1
0.5
0.8
0.6
0.0
0.1
0.6
0.5
0.2
1.1
0.7
0.8
0.3
0.7
0.5
0.4
0.8
0.2
0.4
-0.3
-0.5
0.0
0.1
0.3
0.8
0.2
0.1
0.7
0.1
0.3
0.1
0.6
0.4
0.2
0.3
-0.1
-0.1
0.1
-0.4
0.1

1989M7
1989M8
1989M9
1989M10
1989M11
1989M12
1990M1
1990M2
1990M3
1990M4
1990M5
1990M6
1990M7
1990M8
1990M9
1990M10
1990M11
1990M12
1991M1
1991M2
1991M3
1991M4
1991M5
1991M6
1991M7
1991M8
1991M9
1991M10
1991M11
1991M12
1992M1
1992M2
1992M3
1992M4
1992M5
1992M6
1992M7
1992M8
1992M9
1992M10
1992M11
1992M12
1993M1
1993M2
1993M3

T
T

75.1
75.4
75.5
75.8
75.7
75.4
75.6
75.8
75.7
75.7
75.3
75.5
75.2
74.7
73.9
73.1
72.6
72.1
71.8
71.9
72.0
72.8
73.3
73.4
74.1
73.9
74.4
74.5
74.1
74.1
74.9
75.1
75.6
76.0
76.2
76.4
76.9
77.0
77.3
77.3
77.8
78.3
78.5
79.0
78.8

0.0
0.4
0.2
0.3
-0.2
-0.4
0.3
0.3
-0.2
0.1
-0.6
0.3
-0.4
-0.7
-1.0
-1.2
-0.7
-0.7
-0.4
0.2
0.1
1.0
0.8
0.1
0.9
-0.2
0.6
0.2
-0.6
0.0
1.1
0.3
0.6
0.5
0.2
0.4
0.6
0.1
0.4
0.1
0.6
0.7
0.3
0.6
-0.2

1993M4
1993M5
1993M6
1993M7
1993M8
1993M9
1993M10
1993M11
1993M12
1994M1
1994M2
1994M3
1994M4
1994M5
1994M6
1994M7
1994M8
1994M9
1994M10
1994M11
1994M12
1995M1
1995M2
1995M3
1995M4
1995M5
1995M6
1995M7
1995M8
1995M9
1995M10
1995M11
1995M12
1996M1
1996M2
1996M3
1996M4
1996M5
1996M6
1996M7
1996M8
1996M9
1996M10
1996M11
1996M12

79.3
79.2
79.3
79.5
80.0
80.5
80.6
80.9
81.3
80.9
81.8
82.6
82.8
83.1
83.5
83.6
84.2
84.3
84.2
84.7
85.1
85.4
85.3
85.1
85.3
85.4
85.6
85.3
85.5
86.2
86.1
86.2
86.3
85.4
85.9
86.2
86.6
87.5
87.8
87.9
88.2
88.5
89.0
89.5
90.0

0.5
-0.1
0.2
0.2
0.7
0.6
0.1
0.4
0.4
-0.5
1.2
0.9
0.2
0.4
0.5
0.1
0.8
0.0
-0.1
0.6
0.4
0.4
-0.2
-0.2
0.2
0.2
0.2
-0.3
0.2
0.9
-0.2
0.1
0.2
-1.0
0.6
0.4
0.5
1.1
0.3
0.1
0.4
0.3
0.6
0.6
0.5

1997M1
1997M2
1997M3
1997M4
1997M5
1997M6
1997M7
1997M8
1997M9
1997M10
1997M11
1997M12
1998M1
1998M2
1998M3
1998M4
1998M5
1998M6
1998M7
1998M8
1998M9
1998M10
1998M11
1998M12
1999M1
1999M2
1999M3
1999M4
1999M5
1999M6
1999M7
1999M8
1999M9
1999M10
1999M11
1999M12
2000M1
2000M2
2000M3
2000M4
2000M5
2000M6
2000M7
2000M8
2000M9

90.5
91.3
91.7
91.4
92.0
92.5
93.6
93.9
94.6
94.9
94.9
95.2
95.6
95.6
95.8
96.4
96.5
96.1
96.1
95.8
95.1
94.7
95.3
95.5
95.6
96.3
96.6
97.3
98.1
98.7
98.8
98.8
98.6
99.0
100.3
100.7
100.8
100.4
101.1
101.2
100.5
100.4
99.8
99.4
99.8

0.6
0.9
0.4
-0.3
0.6
0.6
1.2
0.4
0.7
0.3
0.0
0.3
0.4
0.0
0.2
0.7
0.2
-0.4
0.0
-0.3
-0.8
-0.4
0.6
0.3
0.1
0.8
0.3
0.6
0.9
0.6
0.1
0.0
-0.2
0.4
1.2
0.4
0.2
-0.4
0.6
0.1
-0.6
-0.2
-0.5
-0.5
0.5

2000M10
2000M11
2000M12
2001M1
2001M2
2001M3
2001M4
2001M5
2001M6
2001M7
2001M8
2001M9
2001M10
2001M11
2001M12
2002M1
2002M2
2002M3
2002M4
2002M5
2002M6
2002M7
2002M8
2002M9
2002M10
2002M11
2002M12
2003M1
2003M2
2003M3
2003M4
2003M5
2003M6
2003M7
2003M8
2003M9
2003M10
2003M11
2003M12
2004M1
2004M2
2004M3
2004M4
2004M5
2004M6

T
T

98.9
98.0
96.4
96.5
95.5
94.1
93.5
93.9
93.6
93.4
93.2
91.9
91.2
92.0
92.7
93.6
93.9
94.8
95.4
96.3
96.6
95.7
95.4
95.0
94.4
95.2
95.5
95.9
95.6
95.5
95.7
96.5
97.2
98.1
98.5
99.6
100.4
101.4
101.9
102.7
103.4
104.3
104.5
105.0
104.8

-0.9
-1.0
-1.6
0.1
-1.1
-1.5
-0.6
0.4
-0.3
-0.3
-0.1
-1.4
-0.7
0.9
0.7
1.0
0.3
1.0
0.6
1.0
0.3
-0.9
-0.3
-0.5
-0.6
0.9
0.3
0.4
-0.3
0.0
0.2
0.8
0.8
0.9
0.5
1.1
0.8
1.0
0.6
0.7
0.7
0.8
0.2
0.5
-0.2

2004M7
2004M8
2004M9
2004M10
2004M11
2004M12
2005M1
2005M2
2005M3
2005M4
2005M5
2005M6
2005M7
2005M8
2005M9
2005M10
2005M11
2005M12
2006M1
2006M2
2006M3
2006M4
2006M5
2006M6
2006M7
2006M8
2006M9
2006M10
2006M11
2006M12
2007M1
2007M2
2007M3
2007M4
2007M5
2007M6
2007M7
2007M8
2007M9
2007M10
2007M11
2007M12
2008M1
2008M2
2008M3

105.3
105.7
106.3
106.8
107.6
108.7
108.2
109.3
109.5
109.4
108.7
109.1
109.7
109.8
106.5
107.4
109.1
109.6
110.9
110.8
110.8
110.6
110.5
110.3
110.1
110.2
110.3
110.3
110.6
111.8
112.0
112.2
113.0
113.3
113.7
113.7
113.6
112.5
112.5
112.0
111.5
110.4
108.9
107.6
106.5

0.5
0.4
0.6
0.5
0.7
1.1
-0.5
1.0
0.2
0.0
-0.6
0.3
0.6
0.1
-3.0
0.8
1.6
0.5
1.2
-0.1
0.0
-0.1
-0.1
-0.2
-0.2
0.0
0.1
0.0
0.3
1.0
0.2
0.1
0.7
0.2
0.4
0.0
-0.1
-1.0
0.0
-0.4
-0.5
-1.0
-1.3
-1.2
-1.1

2008M4
2008M5
2008M6
2008M7
2008M8
2008M9
2008M10
2008M11
2008M12
2009M1
2009M2
2009M3
2009M4
2009M5
2009M6
2009M7
2009M8
2009M9
2009M10
2009M11
2009M12
2010M1
2010M2
2010M3
2010M4
2010M5
2010M6
2010M7
2010M8
2010M9
2010M10
2010M11
2010M12
2011M1
2011M2
2011M3
2011M4
2011M5
2011M6
2011M7
2011M8
2011M9
2011M10
2011M11
2011M12

106.1
105.7
104.8
102.8
100.8
96.0
94.7
90.7
87.9
87.6
86.8
85.7
87.0
88.3
89.9
91.1
93.1
94.1
94.9
95.8
96.4
97.2
96.8
98.2
99.1
98.1
97.3
97.1
97.2
97.9
97.6
98.5
99.9
99.8
100.2
101.2
100.9
100.7
100.4
100.8
99.5
98.9
99.1
99.2
99.4

-0.4
-0.3
-0.9
-1.9
-2.0
-4.8
-1.3
-4.2
-3.1
-0.4
-0.9
-1.3
1.5
1.5
1.8
1.3
2.1
1.1
0.9
0.9
0.7
0.8
-0.5
1.5
1.0
-1.0
-0.8
-0.2
0.1
0.7
-0.2
0.8
1.5
-0.1
0.3
1.1
-0.3
-0.2
-0.3
0.4
-1.3
-0.6
0.2
0.1
0.3

2012M1
2012M2
2012M3
2012M4
2012M5
2012M6
2012M7
2012M8
2012M9
2012M10
2012M11
2012M12
2013M1
2013M2
2013M3
2013M4
2013M5
2013M6
2013M7
2013M8
2013M9
2013M10
2013M11
2013M12
2014M1
2014M2
2014M3
2014M4
2014M5
2014M6
2014M7
2014M8
2014M9
2014M10
2014M11
2014M12
2015M1
2015M2
2015M3
2015M4
2015M5
2015M6
2015M7
2015M8
2015M9

100.2
100.3
100.8
100.6
100.1
99.3
99.6
99.8
100.9
101.4
101.2
101.8
102.5
102.7
102.7
103.1
103.6
103.6
103.8
104.3
104.8
104.6
105.3
105.6
105.8
105.6
106.5
107.0
107.4
107.8
108.5
108.4
108.8
108.6
108.9
108.9
108.8
108.7
109.1
109.9
110.4
110.7
110.7
110.1
110.1

0.8
0.1
0.6
-0.2
-0.5
-0.7
0.3
0.2
1.0
0.6
-0.2
0.6
0.7
0.2
0.0
0.4
0.5
0.0
0.1
0.5
0.5
-0.1
0.6
0.3
0.2
-0.2
0.8
0.4
0.4
0.4
0.7
-0.1
0.3
-0.1
0.3
0.0
-0.1
-0.1
0.4
0.7
0.5
0.3
-0.1
-0.5
0.0

2015M10
2015M11
2015M12
2016M1
2016M2

-0.1
n/a

110.2
110.8
110.7
110.3
110.4

0.1
0.5
-0.1
-0.4
0.1

We use the total Industrial Production index

The CAB also leads turning points in these o

Non-Farm Payrolls
Real (i.e., inflation-adjusted) Personal Inco
Real (i.e., inflation-adjusted) Business (ma

For details on business cycle dating in the U

rican Chemistry Council

% Y/Y
-30.4
-26.5
-23.3
-19.8
-10.4
-2.0
3.5
1.6
7.0
5.4
1.6
3.2
8.5
7.9
9.4
-0.6
-12.1
-14.5
-12.5
-7.0
-14.8
-19.0
-19.2
-22.9
-24.9
-21.7
-22.6
-32.3
-31.0
-28.4
-18.4
-34.9
-22.9
-11.1
-1.0
8.1

CAB
(3MMA) % M/M % Y/Y
3.7
-1.7
-27.1
3.6
-3.3
-26.7
3.4
-3.1
-26.9
3.4
0.1
-23.3
3.6
3.8
-17.9
3.7
4.5
-11.0
3.8
2.9
-3.3
3.8
-0.7
1.0
3.8
-0.3
4.0
3.8
0.4
4.7
3.9
1.0
4.6
3.9
0.0
3.4
3.8
-0.7
4.4
3.8
-1.4
6.5
3.7
-1.1
8.6
3.6
-2.8
5.5
3.5
-3.1
-1.5
3.4
-3.8
-9.3
3.3
-1.3
-13.0
3.4
1.2
-11.4
3.4
-0.4
-11.5
3.3
-2.2
-13.7
3.2
-3.6
-17.7
3.1
-3.3
-20.4
3.0
-3.1
-22.3
2.9
-2.5
-23.2
2.9
-1.0
-23.1
2.7
-5.7
-25.4
2.5
-7.1
-28.5
2.4
-6.6
-30.6
2.5
5.4
-25.9
2.5
-0.7
-27.3
2.5
2.0
-25.5
2.5
0.7
-23.4
2.8
10.8
-11.9
3.0
8.1
-1.5

Industrial Production Index


2012=100
Source: Federal Reserve Board

Total IP % M/M % Y/Y


5.0
0.0
4.5
4.8
-4.0
-8.3
4.7
-2.1
-15.2
4.8
2.1
-15.9
4.8
0.0
-15.8
5.1
6.3
-7.5
5.4
5.9
-3.7
5.5
1.9
-0.6
5.4
-1.8
-0.4
5.3
-1.9
4.7
5.2
-1.9
5.4
5.3
1.9
5.1
5.8
9.4
16.0
5.8
0.0
20.8
5.7
-1.7
21.3
5.4
-5.3
12.5
5.5
1.9
14.6
5.6
1.8
9.8
5.5
-1.8
1.9
5.5
0.0
0.0
5.3
-3.6
-1.9
5.1
-3.8
-3.8
4.6
-9.8
-11.5
4.4
-4.3
-17.0
4.1
-6.8
-29.3
4.0
-2.4
-31.0
3.9
-2.5
-31.6
3.9
0.0
-27.8
4.0
2.6
-27.3
4.0
0.0
-28.6
4.0
0.0
-27.3
4.1
2.5
-25.5
4.1
0.0
-22.6
4.4
7.3
-13.7
4.3
-2.3
-6.5
4.3
0.0
-2.3

Total IP
(3MMA)
4.8
4.8
4.7
4.8
4.8
4.9
5.1
5.3
5.4
5.4
5.3
5.3
5.4
5.6
5.8
5.6
5.5
5.5
5.5
5.5
5.4
5.3
5.0
4.7
4.4
4.2
4.0
3.9
3.9
4.0
4.0
4.0
4.1
4.2
4.3
4.3

19.2
21.5
33.1
50.6
53.7
54.0
37.5
69.5
54.8
49.6
49.0
49.1
39.3
35.0
23.3
31.4
34.6
34.8
29.9
25.3
20.5
9.8
-2.4
-4.4
-2.5
-1.9
0.4
2.1
2.9
-2.6
-2.4
0.2
3.0
4.8
10.0
8.1
5.8
9.0
9.3
7.7
5.7
7.7
10.2
10.6
9.5

3.2
3.4
3.6
3.6
3.6
3.6
3.7
3.8
3.8
4.0
4.2
4.5
4.7
4.8
4.7
4.7
4.7
4.8
4.9
4.9
4.8
4.7
4.6
4.5
4.6
4.6
4.7
4.7
4.8
4.8
4.8
4.8
4.8
4.8
4.9
4.9
4.9
5.0
5.0
5.1
5.2
5.2
5.2
5.3
5.3

6.7
4.4
6.1
1.5
0.4
-1.6
1.9
2.6
2.2
3.6
6.4
6.9
4.1
1.1
-0.4
-0.4
0.3
1.5
1.5
0.1
-1.5
-2.2
-2.3
-1.0
0.2
1.2
1.2
1.1
1.9
0.4
0.0
-0.8
0.3
0.2
0.8
0.6
0.5
0.9
1.6
1.7
0.8
-0.1
0.8
0.8
0.9

8.5
16.2
24.6
34.1
44.9
52.8
47.8
52.6
52.9
57.3
51.0
49.2
45.6
40.9
32.2
29.7
29.6
33.6
33.1
29.9
25.2
18.3
8.7
0.7
-3.1
-2.9
-1.3
0.2
1.8
0.8
-0.8
-1.6
0.2
2.6
5.9
7.6
8.0
7.7
8.1
8.7
7.5
7.0
7.9
9.5
10.1

4.5
4.7
4.9
4.8
5.0
5.3
5.3
5.1
5.4
5.7
6.0
6.1
6.0
6.1
6.3
6.4
6.5
6.5
6.4
6.3
6.1
6.1
6.1
6.0
6.1
6.2
6.1
5.9
5.7
5.4
5.3
5.5
5.7
5.9
6.0
6.1
6.3
6.3
6.3
6.4
6.4
6.3
6.5
6.4
6.3

4.7
4.4
4.3
-2.0
4.2
6.0
0.0
-3.8
5.9
5.6
5.3
1.7
-1.6
1.7
3.3
1.6
1.6
0.0
-1.5
-1.6
-3.2
0.0
0.0
-1.6
1.7
1.6
-1.6
-3.3
-3.4
-5.3
-1.9
3.8
3.6
3.5
1.7
1.7
3.3
0.0
0.0
1.6
0.0
-1.6
3.2
-1.5
-1.6

9.8
17.5
25.6
23.1
25.0
32.5
32.5
24.4
31.7
29.5
39.5
41.9
33.3
29.8
28.6
33.3
30.0
22.6
20.8
23.5
13.0
7.0
1.7
-1.6
1.7
1.6
-3.2
-7.8
-12.3
-16.9
-17.2
-12.7
-6.6
-3.3
-1.6
1.7
3.3
1.6
3.3
8.5
12.3
16.7
22.6
16.4
10.5

4.4
4.5
4.7
4.8
4.9
5.0
5.2
5.2
5.3
5.4
5.7
5.9
6.0
6.1
6.1
6.3
6.4
6.5
6.5
6.4
6.3
6.2
6.1
6.1
6.1
6.1
6.1
6.1
5.9
5.7
5.5
5.4
5.5
5.7
5.9
6.0
6.1
6.2
6.3
6.3
6.4
6.4
6.4
6.4
6.4

12.4
12.6
12.4
14.9
10.3
7.9
8.7
7.7
11.2
7.0
6.6
8.3
4.8
1.8
1.3
1.1
0.7
0.9
1.4
1.8
0.5
0.2
1.1
0.3
1.8
3.0
4.6
2.8
6.6
7.5
7.2
8.4
8.5
12.2
12.6
13.7
14.4
15.1
15.0
15.0
11.2
8.6
6.9
4.9
4.8

5.3
5.4
5.5
5.6
5.6
5.6
5.6
5.6
5.7
5.7
5.7
5.7
5.7
5.7
5.6
5.7
5.6
5.7
5.7
5.7
5.7
5.7
5.7
5.7
5.8
5.8
5.8
5.8
5.9
6.0
6.1
6.1
6.2
6.3
6.4
6.5
6.5
6.6
6.7
6.7
6.7
6.7
6.6
6.5
6.5

0.9
1.4
1.5
1.3
0.2
0.2
-0.1
0.1
1.0
0.2
0.4
0.0
0.2
-0.1
-0.8
0.1
-0.1
0.1
0.0
0.4
0.8
-0.2
0.2
-0.1
0.7
0.5
0.6
0.4
1.0
1.0
1.4
1.0
1.1
1.3
1.4
1.5
1.3
1.3
1.0
0.6
-0.1
-0.9
-1.1
-1.0
-0.1

10.9
11.5
12.5
13.3
12.5
11.0
9.0
8.1
9.2
8.6
8.2
7.3
6.5
4.9
2.6
1.4
1.0
0.9
1.0
1.4
1.2
0.8
0.6
0.5
1.1
1.7
3.1
3.5
4.7
5.6
7.1
7.7
8.0
9.7
11.1
12.8
13.5
14.4
14.8
15.1
13.7
11.6
8.9
6.8
5.5

6.5
6.7
6.8
6.6
6.6
6.7
6.7
6.7
6.8
6.8
6.9
7.0
7.0
7.0
6.9
6.9
7.0
7.0
6.9
6.9
6.9
6.8
6.8
6.7
6.6
6.6
6.6
6.7
6.8
6.8
6.8
6.9
7.0
7.0
7.2
7.2
7.4
7.5
7.7
7.8
7.7
7.8
7.9
8.0
8.1

3.2
3.1
1.5
-2.9
0.0
1.5
0.0
0.0
1.5
0.0
1.5
1.4
0.0
0.0
-1.4
0.0
1.4
0.0
-1.4
0.0
0.0
-1.4
0.0
-1.5
-1.5
0.0
0.0
1.5
1.5
0.0
0.0
1.5
1.4
0.0
2.9
0.0
2.8
1.4
2.7
1.3
-1.3
1.3
1.3
1.3
1.3

10.2
11.7
11.5
4.8
4.8
6.3
4.7
4.7
7.9
4.6
7.8
11.1
7.7
4.5
1.5
4.5
6.1
4.5
3.0
3.0
1.5
0.0
-1.4
-4.3
-5.7
-5.7
-4.3
-2.9
-2.9
-2.9
-1.4
0.0
1.4
2.9
5.9
7.5
12.1
13.6
16.7
16.4
13.2
14.7
16.2
15.9
15.7

6.4
6.5
6.7
6.7
6.7
6.6
6.7
6.7
6.7
6.8
6.8
6.9
7.0
7.0
7.0
6.9
6.9
7.0
7.0
6.9
6.9
6.9
6.8
6.8
6.7
6.6
6.6
6.6
6.7
6.8
6.8
6.8
6.9
7.0
7.1
7.1
7.3
7.4
7.5
7.7
7.7
7.8
7.8
7.9
8.0

3.8
1.9
-0.3
-2.4
-6.0
-7.6
-6.1
-6.7
-6.1
-7.5
-6.5
-8.7
-9.3
-10.0
-10.7
-12.4
-10.8
-11.9
-16.5
-15.8
-15.4
-12.8
-12.9
-12.5
-14.0
-16.6
-17.8
-16.8
-19.4
-16.9
-9.8
-9.2
-9.6
-11.6
-14.2
-18.9
-21.8
-16.2
-2.1
7.9
18.3
15.3
6.9
4.6
2.1

6.5
6.6
6.6
6.5
6.4
6.3
6.3
6.3
6.2
6.1
6.1
6.0
6.0
6.0
5.9
5.8
5.7
5.6
5.5
5.3
5.2
5.2
5.3
5.3
5.2
5.1
5.0
4.8
4.7
4.6
4.6
4.7
4.7
4.7
4.6
4.5
4.3
4.1
4.3
4.6
5.0
5.2
5.2
5.1
5.0

0.4
0.5
-0.2
-0.7
-1.4
-1.5
-0.7
-0.4
-0.4
-1.5
-0.9
-1.0
-0.3
-0.8
-0.9
-1.9
-1.7
-1.9
-2.2
-2.3
-1.7
-0.1
0.3
0.1
-0.8
-2.2
-2.9
-3.0
-2.8
-1.6
0.4
1.7
1.1
-0.8
-1.6
-3.4
-4.7
-3.1
3.5
8.2
8.9
3.8
0.1
-2.4
-2.9

4.5
3.5
1.8
-0.3
-2.9
-5.3
-6.5
-6.8
-6.3
-6.8
-6.7
-7.6
-8.2
-9.3
-10.0
-11.0
-11.3
-11.7
-13.0
-14.7
-15.9
-14.7
-13.7
-12.7
-13.1
-14.4
-16.1
-17.1
-18.0
-17.7
-15.5
-12.0
-9.5
-10.1
-11.8
-14.9
-18.3
-19.0
-13.6
-3.7
7.8
13.8
13.4
8.9
4.6

8.2
8.1
8.1
7.9
7.5
7.2
7.2
7.2
7.1
7.0
6.9
6.7
6.4
6.3
6.1
6.0
5.8
5.7
5.7
5.7
5.8
5.8
5.8
5.6
5.5
5.3
5.1
4.9
4.8
4.8
4.7
4.6
4.5
4.2
4.1
3.9
3.8
3.9
4.2
4.3
4.3
4.2
4.1
4.2
3.9

1.2
-1.2
0.0
-2.5
-5.1
-4.0
0.0
0.0
-1.4
-1.4
-1.4
-2.9
-4.5
-1.6
-3.2
-1.6
-3.3
-1.7
0.0
0.0
1.8
0.0
0.0
-3.4
-1.8
-3.6
-3.8
-3.9
-2.0
0.0
-2.1
-2.1
-2.2
-6.7
-2.4
-4.9
-2.6
2.6
7.7
2.4
0.0
-2.3
-2.4
2.4
-7.1

17.1
12.5
12.5
6.8
0.0
-6.5
-7.7
-6.5
-9.0
-11.4
-13.8
-17.3
-22.0
-22.2
-24.7
-24.1
-22.7
-20.8
-20.8
-20.8
-18.3
-17.1
-15.9
-16.4
-14.1
-15.9
-16.4
-18.3
-17.2
-15.8
-17.5
-19.3
-22.4
-27.6
-29.3
-30.4
-30.9
-26.4
-17.6
-12.2
-10.4
-12.5
-12.8
-8.7
-13.3

8.1
8.1
8.1
8.0
7.8
7.5
7.3
7.2
7.2
7.1
7.0
6.9
6.7
6.5
6.3
6.1
6.0
5.8
5.7
5.7
5.7
5.8
5.8
5.7
5.6
5.5
5.3
5.1
4.9
4.8
4.8
4.7
4.6
4.4
4.3
4.1
3.9
3.9
4.0
4.1
4.3
4.3
4.2
4.2
4.1

4.7
12.8
28.5
43.5
36.6
20.5
10.7
2.4
3.8
5.9
11.6
16.0
17.5
12.7
7.1
1.9
3.5
1.8
3.7
6.0
9.7
14.1
11.9
13.1
10.3
9.5
7.4
8.8
12.3
15.8
16.2
17.0
15.7
13.0
11.1
12.7
13.8
16.2
18.2
18.4
16.2
15.9
14.1
14.2
13.0

4.9
4.9
5.1
5.4
5.6
5.7
5.6
5.6
5.5
5.5
5.5
5.5
5.6
5.7
5.8
5.8
5.9
5.8
5.8
5.8
5.9
6.0
6.1
6.2
6.3
6.3
6.3
6.3
6.4
6.5
6.7
6.7
6.8
6.9
6.9
7.0
7.1
7.2
7.3
7.4
7.5
7.6
7.7
7.7
7.8

-1.5
0.9
4.3
5.8
3.2
1.1
-0.9
-0.9
-1.1
-1.3
0.4
0.7
2.0
1.2
1.5
0.9
0.5
-0.6
-0.3
-0.1
1.4
1.9
2.2
1.7
0.9
0.5
-0.2
0.5
1.3
2.0
1.8
1.3
1.4
0.9
0.5
0.9
1.1
2.0
1.4
1.8
1.3
1.3
0.6
0.7
0.5

3.8
6.5
15.0
27.7
36.0
32.9
21.7
10.8
5.5
4.0
7.0
11.1
15.0
15.3
12.2
7.0
4.1
2.4
3.0
3.8
6.5
9.9
11.9
13.0
11.7
11.0
9.1
8.6
9.5
12.3
14.8
16.3
16.3
15.2
13.2
12.3
12.5
14.2
16.0
17.6
17.6
16.8
15.4
14.7
13.7

4.2
4.9
5.6
6.2
5.9
5.6
5.3
5.0
5.0
5.2
5.5
5.7
5.7
5.8
5.7
5.3
5.3
5.0
5.2
5.2
5.6
6.0
6.1
6.1
6.0
6.0
6.1
6.1
6.3
6.5
6.6
6.8
6.9
6.8
6.6
6.7
7.1
7.2
7.4
7.5
7.6
7.8
7.9
8.1
8.3

7.7
16.7
14.3
10.7
-4.8
-5.1
-5.4
-5.7
0.0
4.0
5.8
3.6
0.0
1.8
-1.7
-7.0
0.0
-5.7
4.0
0.0
7.7
7.1
1.7
0.0
-1.6
0.0
1.7
0.0
3.3
3.2
1.5
3.0
1.5
-1.4
-2.9
1.5
6.0
1.4
2.8
1.4
1.3
2.6
1.3
2.5
2.5

0.0
19.5
43.6
63.2
51.3
33.3
23.3
16.3
19.0
26.8
31.0
46.2
35.7
18.4
1.8
-14.5
-10.2
-10.7
-1.9
4.0
12.0
15.4
10.9
7.0
5.3
3.4
7.0
15.1
18.9
30.0
26.9
30.8
23.2
13.3
8.2
9.8
18.3
20.0
21.3
23.0
20.6
20.0
19.7
19.1
20.3

4.1
4.3
4.9
5.6
5.9
5.9
5.6
5.3
5.1
5.1
5.2
5.5
5.6
5.7
5.7
5.6
5.4
5.2
5.2
5.1
5.3
5.6
5.9
6.1
6.1
6.0
6.0
6.1
6.2
6.3
6.5
6.6
6.8
6.8
6.8
6.7
6.8
7.0
7.2
7.4
7.5
7.6
7.8
7.9
8.1

12.5
11.0
4.2
1.8
-1.0
-1.3
-4.0
-5.6
-7.5
-9.3
-10.0
-13.0
-14.5
-11.3
-7.0
-7.9
-6.7
-7.8
-7.1
-3.8
-2.1
1.0
1.4
6.0
11.4
11.9
11.6
15.6
14.3
13.6
13.0
9.0
12.9
16.3
16.2
15.1
9.4
6.7
5.6
7.2
10.6
14.1
16.9
17.4
14.2

7.8
7.8
7.6
7.5
7.3
7.3
7.3
7.3
7.2
7.1
7.0
6.9
6.8
6.8
6.8
6.8
6.8
6.8
6.8
6.8
6.9
7.0
7.1
7.1
7.3
7.4
7.6
7.7
7.7
7.7
7.7
7.6
7.7
7.9
8.1
8.3
8.2
8.2
8.1
8.2
8.3
8.6
8.7
8.8
8.9

0.5
-0.5
-1.8
-2.2
-1.8
-0.5
-0.1
-0.3
-0.8
-1.3
-0.9
-1.5
-1.4
-1.0
0.4
0.2
-0.1
-0.7
0.1
0.7
1.2
1.5
0.9
1.1
1.8
2.3
2.1
1.4
0.6
-0.1
-0.6
-0.9
1.0
2.5
3.0
1.8
-0.2
-0.5
-0.8
0.8
1.8
2.5
2.3
1.1
1.0

13.2
12.2
9.2
5.6
1.7
-0.2
-2.1
-3.7
-5.7
-7.5
-9.0
-10.8
-12.5
-12.9
-11.0
-8.8
-7.2
-7.5
-7.2
-6.2
-4.3
-1.6
0.1
2.8
6.2
9.7
11.6
13.0
13.8
14.5
13.7
11.8
11.6
12.7
15.1
15.8
13.5
10.3
7.2
6.5
7.8
10.6
13.8
16.1
16.1

8.3
8.4
8.6
8.6
8.7
8.5
8.6
8.5
8.3
7.7
6.9
6.3
6.1
6.1
6.1
6.0
5.8
5.9
6.2
6.6
6.8
6.9
7.2
7.3
7.3
7.3
7.4
7.3
7.3
7.5
7.7
7.8
8.3
8.7
8.9
8.9
8.8
8.5
8.3
8.5
8.8
9.0
9.2
9.2
9.4

0.0
1.2
2.4
0.0
1.2
-2.3
1.2
-1.2
-2.4
-7.2
-10.4
-8.7
-3.2
0.0
0.0
-1.6
-3.3
1.7
5.1
6.5
3.0
1.5
4.3
1.4
0.0
0.0
1.4
-1.4
0.0
2.7
2.7
1.3
6.4
4.8
2.3
0.0
-1.1
-3.4
-2.4
2.4
3.5
2.3
2.2
0.0
2.2

22.1
27.3
28.4
21.1
20.8
14.9
14.7
11.8
6.4
-2.5
-14.8
-24.1
-26.5
-27.4
-29.1
-30.2
-33.3
-30.6
-27.9
-22.4
-18.1
-10.4
4.3
15.9
19.7
19.7
21.3
21.7
25.9
27.1
24.2
18.2
22.1
26.1
23.6
21.9
20.5
16.4
12.2
16.4
20.5
20.0
19.5
17.9
13.3

8.2
8.3
8.4
8.5
8.6
8.6
8.6
8.5
8.5
8.2
7.6
7.0
6.4
6.2
6.1
6.1
6.0
5.9
6.0
6.2
6.5
6.8
7.0
7.1
7.3
7.3
7.3
7.3
7.3
7.4
7.5
7.7
7.9
8.3
8.6
8.8
8.9
8.7
8.5
8.4
8.5
8.8
9.0
9.1
9.3

11.1
11.6
13.3
16.7
18.1
18.7
20.5
19.9
21.9
20.9
20.0
18.4
17.5
18.6
18.7
20.6
23.5
24.0
22.0
20.8
19.4
19.1
21.5
21.6
23.9
26.9
27.9
28.4
26.4
27.4
25.9
26.6
25.4
24.7
24.6
21.9
19.4
13.1
6.1
2.6
0.4
-4.6
-8.6
-10.4
-12.8

9.0
9.1
9.3
9.4
9.5
9.6
9.8
10.0
10.3
10.6
10.7
10.7
10.7
10.8
10.9
11.2
11.5
11.8
12.0
12.2
12.5
12.7
12.8
12.9
13.1
13.4
13.8
14.3
14.7
15.0
15.2
15.5
15.7
15.9
16.0
16.0
15.9
15.8
15.6
15.3
15.1
14.9
14.6
14.2
14.0

0.7
1.3
1.5
1.4
1.3
0.8
1.9
2.3
3.4
2.4
1.1
0.0
-0.2
0.9
1.6
2.3
2.7
2.3
2.2
1.5
2.1
1.6
1.3
0.6
1.1
2.5
3.3
3.5
2.6
2.1
1.6
1.6
1.6
1.3
0.8
-0.3
-0.4
-0.8
-1.4
-1.6
-1.4
-1.4
-2.2
-2.2
-1.5

14.1
12.3
12.0
13.9
16.0
17.8
19.1
19.7
20.8
20.9
21.0
19.8
18.6
18.2
18.3
19.3
20.9
22.7
23.1
22.2
20.7
19.7
20.0
20.7
22.3
24.2
26.3
27.8
27.5
27.4
26.6
26.7
26.0
25.5
24.9
23.7
21.9
18.0
12.7
7.2
3.0
-0.6
-4.3
-7.9
-10.6

9.5
9.8
10.1
10.3
10.7
11.0
11.0
11.5
11.6
11.7
11.9
11.9
12.0
12.0
12.2
12.5
12.7
12.9
12.5
12.5
12.5
12.9
13.2
13.5
14.0
14.3
14.7
14.8
15.2
15.3
15.5
15.6
15.5
16.0
16.3
16.7
17.0
17.2
17.0
17.2
17.3
17.3
17.3
17.2
17.1

1.1
3.2
3.1
2.0
3.9
2.8
0.0
4.5
0.9
0.9
1.7
0.0
0.8
0.0
1.7
2.5
1.6
1.6
-3.1
0.0
0.0
3.2
2.3
2.3
3.7
2.1
2.8
0.7
2.7
0.7
1.3
0.6
-0.6
3.2
1.9
2.5
1.8
1.2
-1.2
1.2
0.6
0.0
0.0
-0.6
-0.6

9.2
10.1
13.5
17.0
25.9
32.5
29.4
30.7
28.9
27.2
29.3
26.6
26.3
22.4
20.8
21.4
18.7
17.3
13.6
8.7
7.8
10.3
10.9
13.4
16.7
19.2
20.5
18.4
19.7
18.6
24.0
24.8
24.0
24.0
23.5
23.7
21.4
20.3
15.6
16.2
13.8
13.1
11.6
10.3
10.3

9.4
9.6
9.8
10.1
10.4
10.7
10.9
11.2
11.4
11.6
11.7
11.8
11.9
12.0
12.1
12.2
12.5
12.7
12.7
12.6
12.5
12.6
12.9
13.2
13.6
13.9
14.3
14.6
14.9
15.1
15.3
15.5
15.5
15.7
15.9
16.3
16.7
17.0
17.1
17.1
17.2
17.3
17.3
17.3
17.2

-14.1
-15.1
-15.8
-16.8
-16.8
-16.5
-19.4
-20.0
-16.1
-13.5
-14.9
-15.9
-13.5
-20.5
-24.4
-23.1
-21.0
-17.1
-12.4
-10.7
-11.9
-11.0
-9.5
-6.9
-7.7
1.3
8.7
8.7
8.2
6.8
23.8
25.3
24.9
24.9
26.4
24.4
24.5
25.5
25.9
27.2
26.9
28.1
10.5
8.6
9.5

13.9
13.8
13.6
13.4
13.2
13.0
12.6
12.3
12.1
12.1
12.1
12.0
11.9
11.5
10.9
10.4
10.2
10.3
10.5
10.6
10.7
10.8
10.8
10.9
10.9
11.0
11.0
11.0
11.0
11.1
11.9
12.6
13.4
13.5
13.6
13.6
13.6
13.7
13.8
13.9
14.0
14.2
14.4
14.5
14.6

-0.8
-1.0
-1.5
-1.4
-1.5
-1.6
-2.6
-2.7
-1.3
0.1
-0.1
-1.4
-0.8
-3.1
-4.8
-5.4
-1.8
1.4
1.7
1.4
0.8
0.6
0.3
0.4
0.4
0.5
0.2
0.1
0.5
0.8
6.6
6.5
5.9
0.9
0.6
0.3
0.3
0.3
0.6
0.8
0.8
1.4
1.4
1.1
0.8

-12.4
-14.0
-15.0
-15.9
-16.5
-16.7
-17.6
-18.6
-18.5
-16.6
-14.9
-14.8
-14.8
-16.6
-19.4
-22.6
-22.8
-20.4
-16.9
-13.5
-11.6
-11.2
-10.8
-9.2
-8.1
-4.6
0.3
6.1
8.5
7.9
13.0
18.7
24.7
25.0
25.4
25.2
25.1
24.8
25.3
26.2
26.7
27.4
21.2
15.1
9.6

17.1
17.3
17.2
17.3
17.1
17.1
16.9
16.9
16.7
16.4
16.0
15.6
15.3
13.7
12.5
12.0
12.4
12.5
11.8
11.2
12.4
12.1
11.7
12.4
12.8
13.3
13.5
13.8
13.9
14.0
14.1
14.2
14.3
14.2
14.2
14.2
14.2
14.2
14.4
14.5
14.7
14.7
14.8
14.9
14.7

0.0
1.2
-0.6
0.6
-1.2
0.0
-1.2
0.0
-1.2
-1.8
-2.4
-2.5
-1.9
-10.5
-8.8
-4.0
3.3
0.8
-5.6
-5.1
10.7
-2.4
-3.3
6.0
3.2
3.9
1.5
2.2
0.7
0.7
0.7
0.7
0.7
-0.7
0.0
0.0
0.0
0.0
1.4
0.7
1.4
0.0
0.7
0.7
-1.3

6.9
6.1
3.0
1.8
-0.6
0.6
-1.7
-2.3
-3.5
-5.2
-7.0
-8.8
-10.5
-20.8
-27.3
-30.6
-27.5
-26.9
-30.2
-33.7
-25.7
-26.2
-26.9
-20.5
-16.3
-2.9
8.0
15.0
12.1
12.0
19.5
26.8
15.3
17.4
21.4
14.5
10.9
6.8
6.7
5.1
5.8
5.0
5.0
4.9
2.8

17.1
17.2
17.2
17.3
17.2
17.2
17.0
17.0
16.8
16.7
16.4
16.0
15.6
14.9
13.8
12.7
12.3
12.3
12.2
11.8
11.8
11.9
12.1
12.1
12.3
12.8
13.2
13.5
13.7
13.9
14.0
14.1
14.2
14.2
14.2
14.2
14.2
14.2
14.3
14.4
14.5
14.6
14.7
14.8
14.8

7.7
8.4
11.1
10.1
9.2
9.2
7.4
6.5
3.2
0.8
0.8
-2.4
-3.2
-5.5
-6.9
-7.6
-3.8
-1.5
0.8
2.3
5.5
8.6
11.8
17.7
22.9
27.2
29.7
34.1
32.7
31.2
29.7
29.3
28.8
25.3
24.6
22.6
19.3
16.9
15.9
13.0
9.0
6.0
4.7
4.7
4.0

14.6
14.7
14.8
15.0
15.1
15.1
15.1
15.1
15.0
14.9
14.8
14.6
14.4
14.2
14.1
14.0
14.1
14.4
14.8
15.1
15.4
15.7
16.0
16.5
16.9
17.4
17.8
18.2
18.7
19.1
19.5
19.7
19.9
20.0
20.2
20.4
20.7
20.8
20.9
21.0
21.0
20.9
20.7
20.7
20.8

0.0
0.5
0.8
1.0
0.5
0.0
0.0
0.0
-0.5
-0.8
-0.8
-1.0
-1.3
-1.6
-0.8
-0.5
1.1
1.9
2.9
2.1
1.8
1.8
2.2
2.6
2.8
2.7
2.5
2.4
2.5
2.3
1.8
1.2
1.2
0.6
1.0
1.0
1.1
0.6
0.6
0.6
0.2
-0.7
-0.7
-0.2
0.5

8.6
8.5
9.0
9.8
10.1
9.5
8.6
7.7
5.7
3.5
1.6
-0.3
-1.6
-3.7
-5.2
-6.7
-6.1
-4.3
-1.5
0.5
2.8
5.4
8.6
12.6
17.4
22.6
26.6
30.3
32.2
32.6
31.2
30.1
29.3
27.8
26.2
24.2
22.1
19.5
17.3
15.2
12.6
9.3
6.5
5.1
4.5

14.7
15.0
15.2
15.2
15.1
15.0
15.1
14.9
14.8
14.6
14.5
14.2
14.1
13.9
13.9
13.9
14.0
14.2
13.6
14.0
14.2
14.5
14.5
15.0
15.5
15.9
16.4
16.9
17.4
17.3
17.4
17.4
17.7
17.7
17.9
17.9
18.0
17.9
17.8
17.6
17.4
17.5
17.5
17.6
17.7

0.0
2.0
1.3
0.0
-0.7
-0.7
0.7
-1.3
-0.7
-1.4
-0.7
-2.1
-0.7
-1.4
0.0
0.0
0.7
1.4
-4.2
2.9
1.4
2.1
0.0
3.4
3.3
2.6
3.1
3.0
3.0
-0.6
0.6
0.0
1.7
0.0
1.1
0.0
0.6
-0.6
-0.6
-1.1
-1.1
0.6
0.0
0.6
0.6

3.5
5.6
7.0
7.0
6.3
4.2
4.1
1.4
0.7
-1.4
-2.7
-3.4
-4.1
-7.3
-8.6
-8.6
-7.3
-5.3
-9.9
-6.0
-4.1
-0.7
0.0
5.6
9.9
14.4
18.0
21.6
24.3
21.8
27.9
24.3
24.6
22.1
23.4
19.3
16.1
12.6
8.5
4.1
0.0
1.2
0.6
1.1
0.0

14.8
14.8
15.0
15.1
15.2
15.1
15.1
15.0
14.9
14.8
14.6
14.4
14.3
14.1
14.0
13.9
13.9
14.0
13.9
13.9
13.9
14.2
14.4
14.7
15.0
15.5
15.9
16.4
16.9
17.2
17.4
17.4
17.5
17.6
17.8
17.8
17.9
17.9
17.9
17.8
17.6
17.5
17.5
17.5
17.6

6.4
3.4
1.7
2.3
1.1
0.6
2.8
4.0
7.3
9.6
8.4
7.8
6.5
8.8
10.5
12.0
15.4
12.6
11.2
9.0
6.8
3.6
3.1
1.5
0.5
1.5
2.0
1.5
0.5
4.4
4.3
6.4
7.8
10.9
14.4
17.7
20.2
19.1
18.1
16.8
15.6
14.0
13.7
13.1
12.8

21.0
21.2
21.2
21.2
21.1
21.2
21.3
21.6
21.9
22.2
22.4
22.6
22.6
22.8
23.0
23.4
23.8
24.0
24.1
23.9
23.8
23.6
23.4
23.2
23.0
23.1
23.3
23.8
24.1
24.5
24.8
25.1
25.3
25.6
26.0
26.5
27.0
27.4
27.8
28.0
28.2
28.3
28.4
28.5
28.6

1.1
0.6
0.2
-0.2
-0.2
0.2
0.7
1.1
1.4
1.4
1.2
0.7
0.2
0.7
1.0
1.5
1.8
0.8
0.5
-0.8
-0.3
-1.0
-0.6
-1.0
-0.8
0.2
1.2
1.8
1.5
1.6
1.4
1.1
0.8
1.1
1.8
1.9
1.9
1.5
1.3
0.8
0.5
0.4
0.5
0.3
0.4

5.0
4.6
3.8
2.5
1.7
1.3
1.5
2.4
4.7
6.9
8.4
8.6
7.6
7.7
8.6
10.4
12.6
13.3
13.1
10.9
9.0
6.4
4.5
2.7
1.7
1.2
1.3
1.7
1.3
2.1
3.0
5.0
6.2
8.3
11.0
14.3
17.4
19.0
19.1
18.0
16.8
15.4
14.4
13.6
13.2

17.9
18.0
18.1
17.9
17.7
17.6
17.3
18.4
19.1
19.3
19.7
19.8
19.8
19.9
20.1
20.2
20.3
20.2
20.5
20.4
19.9
19.8
19.3
18.8
18.7
18.8
18.6
18.5
18.6
18.7
18.7
18.7
18.7
18.9
19.3
19.5
19.9
20.2
20.7
20.9
21.3
21.3
21.4
21.4
21.6

1.1
0.6
0.6
-1.1
-1.1
-0.6
-1.7
6.4
3.8
1.0
2.1
0.5
0.0
0.5
1.0
0.5
0.5
-0.5
1.5
-0.5
-2.5
-0.5
-2.5
-2.6
-0.5
0.5
-1.1
-0.5
0.5
0.5
0.0
0.0
0.0
1.1
2.1
1.0
2.1
1.5
2.5
1.0
1.9
0.0
0.5
0.0
0.9

1.1
0.6
1.1
-0.6
-1.1
-1.1
-1.7
5.7
9.1
10.3
11.9
11.9
10.6
10.6
11.0
12.8
14.7
14.8
18.5
10.9
4.2
2.6
-2.0
-5.1
-5.6
-5.5
-7.5
-8.4
-8.4
-7.4
-8.8
-8.3
-6.0
-4.5
0.0
3.7
6.4
7.4
11.3
13.0
14.5
13.9
14.4
14.4
15.5

17.7
17.9
18.0
18.0
17.9
17.7
17.5
17.8
18.3
18.9
19.4
19.6
19.8
19.8
19.9
20.1
20.2
20.2
20.3
20.4
20.3
20.0
19.7
19.3
18.9
18.8
18.7
18.6
18.6
18.6
18.7
18.7
18.7
18.8
19.0
19.2
19.6
19.9
20.3
20.6
21.0
21.2
21.3
21.4
21.5

10.1
7.7
6.5
4.3
2.0
1.8
1.5
0.1
-0.4
-1.0
-0.6
-1.2
-0.5
-0.9
-1.0
-0.7
0.0
-0.4
-0.5
0.6
0.4
0.0
-0.2
-2.2
-3.1
-3.9
-5.7
-5.0
-5.9
-6.0
-5.0
-4.3
-2.4
0.2
1.7
5.0
7.7
9.5
12.8
13.8
15.7
17.0
16.6
16.1
13.5

28.6
28.7
28.7
28.7
28.6
28.5
28.5
28.5
28.4
28.3
28.3
28.4
28.4
28.4
28.4
28.4
28.5
28.4
28.4
28.4
28.4
28.4
28.3
28.1
27.9
27.5
27.2
27.1
26.9
26.8
26.8
27.0
27.3
27.8
28.3
28.8
29.2
29.6
30.0
30.3
30.7
31.0
31.3
31.5
31.5

0.0
0.2
0.0
0.1
-0.3
-0.2
-0.1
-0.2
-0.3
-0.3
0.1
0.1
0.2
0.1
0.1
0.0
0.0
0.0
0.0
0.0
-0.1
-0.1
-0.2
-0.7
-0.9
-1.2
-1.1
-0.7
-0.7
-0.1
0.0
0.5
1.2
1.7
1.9
1.7
1.5
1.2
1.3
1.2
1.2
1.1
0.8
0.7
0.2

11.9
10.1
8.1
6.2
4.3
2.7
1.8
1.1
0.4
-0.4
-0.7
-0.9
-0.8
-0.9
-0.8
-0.9
-0.5
-0.3
-0.3
-0.1
0.1
0.3
0.1
-0.8
-1.8
-3.1
-4.2
-4.9
-5.5
-5.6
-5.6
-5.1
-3.9
-2.1
-0.1
2.3
4.8
7.4
10.0
12.0
14.1
15.5
16.4
16.6
15.4

21.9
22.0
22.1
22.2
22.0
22.0
22.2
22.0
21.8
21.1
22.0
22.5
22.7
22.5
22.8
22.7
23.0
22.9
22.6
22.5
22.6
22.7
22.7
22.5
22.2
21.7
21.3
20.9
20.4
20.2
19.8
20.0
20.6
20.9
21.3
21.5
21.7
22.4
22.4
22.7
23.2
23.5
24.0
24.4
24.4

1.4
0.5
0.5
0.5
-0.9
0.0
0.9
-0.9
-0.9
-3.2
4.3
2.3
0.9
-0.9
1.3
-0.4
1.3
-0.4
-1.3
-0.4
0.4
0.4
0.0
-0.9
-1.3
-2.3
-1.8
-1.9
-2.4
-1.0
-2.0
1.0
3.0
1.5
1.9
0.9
0.9
3.2
0.0
1.3
2.2
1.3
2.1
1.7
0.0

15.9
14.0
13.3
11.6
8.9
6.3
6.2
3.3
2.3
-1.4
2.8
4.2
3.7
2.3
3.2
2.3
4.5
4.1
1.8
2.3
3.7
7.6
3.2
0.0
-2.2
-3.6
-6.6
-7.9
-11.3
-11.8
-12.4
-11.1
-8.8
-7.9
-6.2
-4.4
-2.3
3.2
5.2
8.6
13.7
16.3
21.2
22.0
18.4

21.6
21.8
22.0
22.1
22.1
22.1
22.1
22.1
22.0
21.6
21.6
21.9
22.4
22.6
22.7
22.7
22.8
22.9
22.8
22.7
22.6
22.6
22.7
22.6
22.5
22.1
21.7
21.3
20.9
20.5
20.1
20.0
20.1
20.5
20.9
21.2
21.5
21.9
22.2
22.5
22.8
23.1
23.6
24.0
24.3

11.0
9.1
8.0
5.0
3.8
3.9
2.4
0.8
-0.9
-1.2
-1.9
-1.5
-2.5
-2.0
-2.2
-1.5
-1.3
-2.5
-1.4
-0.4
1.7
2.2
3.7
4.6
6.3
8.0
7.9
9.3
10.3
10.9
9.5
9.9
8.5
7.6
5.7
4.2
4.0
2.4
2.7
2.1
2.2
1.8
3.0
3.2
4.1

31.5
31.5
31.5
31.3
31.2
31.2
31.3
31.4
31.2
31.1
31.0
31.0
30.9
30.8
30.8
30.7
30.7
30.7
30.8
30.9
31.2
31.5
31.8
32.1
32.4
32.8
33.0
33.3
33.5
33.8
33.9
34.1
34.1
34.2
34.1
34.0
33.9
33.9
34.0
34.1
34.3
34.5
34.7
35.0
35.3

0.0
-0.2
0.0
-0.4
-0.4
0.0
0.3
0.2
-0.5
-0.4
-0.3
0.0
-0.4
-0.2
-0.2
0.0
-0.2
-0.1
0.4
0.5
0.9
0.8
1.1
1.0
0.9
1.2
0.8
0.9
0.6
0.8
0.4
0.4
0.2
0.2
-0.2
-0.4
-0.3
0.1
0.3
0.3
0.5
0.5
0.7
0.7
0.9

13.5
11.2
9.3
7.3
5.6
4.2
3.4
2.4
0.8
-0.4
-1.4
-1.6
-2.0
-2.0
-2.3
-1.9
-1.7
-1.8
-1.7
-1.5
-0.1
1.2
2.5
3.5
4.9
6.3
7.4
8.4
9.2
10.2
10.2
10.1
9.3
8.7
7.3
5.8
4.6
3.5
3.0
2.4
2.3
2.0
2.3
2.6
3.4

23.8
23.0
23.0
22.8
23.0
24.4
25.0
24.8
24.6
24.4
24.3
24.0
24.0
23.9
23.7
23.6
23.3
22.9
22.9
22.9
23.0
23.5
23.8
24.2
24.5
24.7
24.6
25.1
25.5
25.7
25.5
25.9
26.1
26.1
26.1
26.0
26.3
26.3
26.5
26.5
26.6
26.6
26.8
27.1
27.3

-2.5
-3.4
0.0
-0.9
0.9
6.1
2.5
-0.8
-0.8
-0.8
-0.4
-1.2
0.0
-0.4
-0.8
-0.4
-1.3
-1.7
0.0
0.0
0.4
2.2
1.3
1.7
1.2
0.8
-0.4
2.0
1.6
0.8
-0.8
1.6
0.8
0.0
0.0
-0.4
1.2
0.0
0.8
0.0
0.4
0.0
0.8
1.1
0.7

13.9
8.0
7.0
5.1
2.7
8.9
10.1
6.9
4.7
1.7
-0.4
-1.6
0.8
3.9
3.0
3.5
1.3
-6.1
-8.4
-7.7
-6.5
-3.7
-2.1
0.8
2.1
3.3
3.8
6.4
9.4
12.2
11.4
13.1
13.5
11.1
9.7
7.4
7.3
6.5
7.7
5.6
4.3
3.5
5.1
4.6
4.6

24.2
23.7
23.3
22.9
22.9
23.4
24.1
24.7
24.8
24.6
24.4
24.2
24.1
24.0
23.9
23.7
23.5
23.3
23.0
22.9
22.9
23.1
23.4
23.8
24.2
24.5
24.6
24.8
25.1
25.4
25.6
25.7
25.8
26.0
26.1
26.1
26.1
26.2
26.4
26.4
26.5
26.6
26.7
26.8
27.1

5.1
6.6
7.3
7.5
7.5
8.2
8.5
7.8
7.6
7.3
7.1
6.6
6.5
6.2
6.6
6.7
7.1
7.1
6.5
6.5
7.1
7.5
7.0
7.6
6.8
6.9
6.4
5.9
5.6
5.6
6.4
6.8
7.1
6.3
6.6
6.4
6.2
4.9
4.4
4.2
3.5
1.9
0.5
0.2
-1.2

35.6
35.9
36.1
36.3
36.4
36.7
36.9
37.1
37.2
37.3
37.5
37.8
38.0
38.2
38.5
38.7
38.9
39.2
39.4
39.6
39.7
40.0
40.2
40.5
40.7
40.9
41.0
41.2
41.3
41.5
41.7
42.1
42.4
42.7
42.9
43.1
43.3
43.3
43.2
43.0
42.9
42.8
42.5
42.4
42.3

0.9
0.8
0.6
0.5
0.4
0.6
0.6
0.6
0.3
0.3
0.5
0.6
0.7
0.5
0.6
0.6
0.7
0.7
0.5
0.4
0.3
0.6
0.7
0.8
0.5
0.5
0.3
0.3
0.3
0.5
0.7
0.8
0.8
0.6
0.6
0.5
0.4
0.0
-0.4
-0.3
-0.2
-0.3
-0.5
-0.3
-0.2

4.1
5.2
6.3
7.1
7.4
7.8
8.1
8.2
8.0
7.6
7.3
7.0
6.8
6.4
6.4
6.5
6.8
7.0
6.9
6.7
6.7
7.0
7.2
7.4
7.1
7.1
6.7
6.4
6.0
5.7
5.9
6.3
6.7
6.7
6.7
6.4
6.4
5.8
5.2
4.5
4.0
3.2
1.9
0.9
-0.2

27.5
27.9
28.0
27.8
27.9
28.2
28.4
28.5
28.5
28.7
28.9
28.9
29.4
29.5
29.6
29.8
30.0
30.1
29.7
30.6
31.0
31.3
31.5
31.9
32.1
32.3
32.6
32.9
33.0
33.1
33.4
33.6
34.0
34.3
34.6
35.0
35.1
35.4
35.6
35.8
35.8
36.1
36.4
36.1
36.2

0.7
1.5
0.4
-0.7
0.4
1.1
0.7
0.4
0.0
0.7
0.7
0.0
1.7
0.3
0.3
0.7
0.7
0.3
-1.3
3.0
1.3
1.0
0.6
1.3
0.6
0.6
0.9
0.9
0.3
0.3
0.9
0.6
1.2
0.9
0.9
1.2
0.3
0.9
0.6
0.6
0.0
0.8
0.8
-0.8
0.3

5.4
6.9
7.7
5.7
6.1
6.4
7.2
7.1
7.1
7.1
6.6
5.9
6.9
5.7
5.7
7.2
7.5
6.7
4.6
7.4
8.8
9.1
9.0
10.4
9.2
9.5
10.1
10.4
10.0
10.0
12.5
9.8
9.7
9.6
9.8
9.7
9.3
9.6
9.2
8.8
8.5
9.1
9.0
7.4
6.5

27.3
27.6
27.8
27.9
27.9
28.0
28.2
28.4
28.5
28.6
28.7
28.8
29.1
29.3
29.5
29.6
29.8
30.0
29.9
30.1
30.4
31.0
31.3
31.6
31.8
32.1
32.3
32.6
32.8
33.0
33.2
33.4
33.7
34.0
34.3
34.6
34.9
35.2
35.4
35.6
35.7
35.9
36.1
36.2
36.2

-0.8
-1.7
-2.2
-1.9
-0.3
0.7
1.2
2.7
4.1
5.2
5.8
6.8
6.2
7.0
7.3
7.3
7.3
6.9
6.7
5.6
5.9
6.3
5.7
5.0
5.2
5.6
4.9
5.2
4.3
3.1
2.2
2.2
1.6
0.2
-0.6
-1.0
-2.3
-3.8
-3.9
-5.3
-5.5
-4.6
-4.0
-4.2
-4.0

42.4
42.4
42.5
42.5
42.7
43.0
43.3
43.6
43.9
44.2
44.5
44.8
45.1
45.2
45.4
45.5
45.8
46.0
46.3
46.4
46.6
46.9
47.2
47.4
47.4
47.6
47.7
47.9
48.0
48.0
47.7
47.5
47.5
47.5
47.4
47.1
46.8
46.5
46.1
45.8
45.6
45.5
45.5
45.5
45.6

0.2
0.0
0.2
0.0
0.5
0.6
0.7
0.7
0.8
0.8
0.7
0.6
0.5
0.3
0.3
0.4
0.6
0.5
0.5
0.2
0.4
0.6
0.7
0.4
0.2
0.3
0.3
0.4
0.2
-0.1
-0.4
-0.4
0.0
0.0
-0.2
-0.5
-0.6
-0.8
-0.7
-0.7
-0.4
-0.3
0.0
0.0
0.2

-0.6
-1.2
-1.6
-1.9
-1.5
-0.5
0.5
1.5
2.6
4.0
5.0
5.9
6.2
6.7
6.8
7.2
7.3
7.1
6.9
6.4
6.1
5.9
5.9
5.6
5.3
5.3
5.2
5.2
4.8
4.2
3.2
2.5
2.0
1.4
0.4
-0.5
-1.3
-2.4
-3.3
-4.4
-4.9
-5.2
-4.7
-4.3
-4.1

36.4
36.0
35.8
36.1
35.8
35.8
35.7
36.4
36.3
36.6
37.2
37.6
37.5
37.7
37.8
37.8
38.2
38.4
38.3
38.4
38.6
38.7
39.2
39.3
39.5
39.8
40.1
39.9
39.8
40.2
40.4
40.5
40.5
40.5
40.1
40.0
39.3
39.2
39.2
39.1
39.0
38.9
39.0
38.9
38.7

0.6
-1.1
-0.6
0.8
-0.8
0.0
-0.3
2.0
-0.3
0.8
1.6
1.1
-0.3
0.5
0.3
0.0
1.1
0.5
-0.3
0.3
0.5
0.3
1.3
0.3
0.5
0.8
0.8
-0.5
-0.3
1.0
0.5
0.2
0.0
0.0
-1.0
-0.2
-1.8
-0.3
0.0
-0.3
-0.3
-0.3
0.3
-0.3
-0.5

6.1
4.0
2.3
2.8
1.1
0.6
-0.3
1.7
0.6
0.5
3.0
3.9
3.0
4.7
5.6
4.7
6.7
7.3
7.3
5.5
6.3
5.7
5.4
4.5
5.3
5.6
6.1
5.6
4.2
4.7
5.5
5.5
4.9
4.7
2.3
1.8
-0.5
-1.5
-2.2
-2.0
-2.0
-3.2
-3.5
-4.0
-4.4

36.2
36.2
36.1
36.0
35.9
35.9
35.8
36.0
36.1
36.4
36.7
37.1
37.4
37.6
37.7
37.8
37.9
38.1
38.3
38.4
38.4
38.6
38.8
39.1
39.3
39.5
39.8
39.9
39.9
40.0
40.1
40.4
40.5
40.5
40.4
40.2
39.8
39.5
39.2
39.2
39.1
39.0
39.0
38.9
38.9

-3.5
-3.8
-2.0
-0.5
2.1
2.9
5.1
6.4
6.9
7.3
7.3
7.1
8.0
8.8
9.2
10.5
10.0
10.2
9.6
8.5
8.2
7.6
9.4
10.2
10.3
11.3
11.0
10.3
9.7
8.5
7.5
7.6
6.8
6.8
4.5
2.6
2.2
0.7
-1.6
-2.1
-2.8
-2.4
-2.6
-3.9
-4.6

45.6
45.6
45.7
45.9
46.4
46.8
47.4
47.8
48.3
48.6
48.8
48.9
49.0
49.2
49.6
50.2
51.0
51.6
52.1
52.3
52.5
52.5
52.9
53.3
53.9
54.5
55.0
55.7
56.3
56.5
56.5
56.4
56.3
56.3
56.0
55.8
55.6
55.4
55.3
55.1
55.0
55.1
55.0
54.7
54.2

0.1
-0.1
0.2
0.4
1.2
0.9
1.1
1.0
1.0
0.7
0.3
0.3
0.3
0.4
0.8
1.2
1.6
1.2
0.8
0.5
0.3
0.1
0.6
0.9
1.2
1.0
1.0
1.2
1.0
0.5
0.0
-0.1
-0.2
-0.1
-0.4
-0.5
-0.3
-0.3
-0.3
-0.3
-0.1
0.2
-0.2
-0.5
-0.9

-3.9
-3.8
-3.1
-2.1
-0.1
1.5
3.4
4.8
6.1
6.9
7.2
7.2
7.5
8.0
8.6
9.5
9.9
10.2
9.9
9.4
8.7
8.1
8.4
9.1
10.0
10.6
10.9
10.9
10.3
9.5
8.5
7.8
7.3
7.1
6.0
4.6
3.1
1.8
0.4
-1.0
-2.2
-2.5
-2.6
-3.0
-3.7

37.9
37.7
38.5
38.8
38.7
38.7
38.9
39.1
39.3
39.2
38.9
39.6
39.9
40.0
40.5
41.5
41.9
42.2
42.6
42.6
42.7
42.7
43.3
43.6
44.2
44.7
45.2
45.5
46.2
46.2
46.1
46.4
46.4
46.7
46.6
47.0
47.3
47.5
47.4
47.1
47.0
47.0
46.8
47.2
47.1

-2.1
-0.5
2.1
0.8
-0.3
0.0
0.5
0.5
0.5
-0.3
-0.8
1.8
0.8
0.3
1.3
2.5
1.0
0.7
0.9
0.0
0.2
0.0
1.4
0.7
1.4
1.1
1.1
0.7
1.5
0.0
-0.2
0.7
0.0
0.6
-0.2
0.9
0.6
0.4
-0.2
-0.6
-0.2
0.0
-0.4
0.9
-0.2

-6.4
-6.0
-3.8
-1.3
-1.3
-1.3
-0.5
0.3
1.0
0.5
0.0
2.3
5.3
6.1
5.2
7.0
8.3
9.0
9.5
9.0
8.7
8.9
11.3
10.1
10.8
11.8
11.6
9.6
10.3
9.5
8.2
8.9
8.7
9.4
7.6
7.8
7.0
6.3
4.9
3.5
1.7
1.7
1.5
1.7
1.5

38.5
38.1
38.0
38.3
38.7
38.7
38.8
38.9
39.1
39.2
39.1
39.2
39.5
39.8
40.1
40.7
41.3
41.9
42.2
42.5
42.6
42.7
42.9
43.2
43.7
44.2
44.7
45.1
45.6
46.0
46.2
46.2
46.3
46.5
46.6
46.8
47.0
47.3
47.4
47.3
47.2
47.0
46.9
47.0
47.0

-4.8
-6.1
-6.8
-8.8
-10.4
-12.0
-13.5
-14.2
-14.5
-13.2
-11.6
-9.6
-8.2
-5.7
-3.2
-0.7
2.2
6.0
8.2
11.2
12.3
11.9
11.6
10.6
10.1
9.8
9.4
8.4
8.6
8.5
7.6
6.7
7.5
7.3
7.4
7.8
7.0
6.9
6.2
6.4
5.8
5.2
5.3
4.6
3.6

53.8
53.1
52.4
51.6
50.6
49.5
48.5
47.7
47.4
47.3
47.6
48.0
48.5
49.0
49.5
49.9
50.3
50.7
51.1
51.8
52.4
52.9
53.2
53.5
53.7
53.9
54.3
54.5
54.8
55.0
55.3
55.7
56.2
56.7
57.2
57.5
57.7
57.8
57.9
58.0
58.1
58.2
58.3
58.5
58.7

-0.9
-1.2
-1.3
-1.7
-1.8
-2.2
-2.1
-1.6
-0.8
-0.1
0.5
0.9
1.0
1.0
1.0
0.9
0.9
0.8
0.8
1.2
1.2
1.0
0.6
0.4
0.5
0.4
0.6
0.4
0.5
0.5
0.6
0.6
0.9
1.0
0.9
0.5
0.4
0.3
0.2
0.2
0.1
0.2
0.2
0.2
0.4

-4.4
-5.2
-5.9
-7.3
-8.7
-10.4
-12.0
-13.3
-14.1
-14.0
-13.1
-11.5
-9.8
-7.8
-5.7
-3.2
-0.6
2.4
5.4
8.4
10.6
11.8
12.0
11.4
10.8
10.2
9.8
9.2
8.8
8.5
8.2
7.6
7.3
7.2
7.4
7.5
7.4
7.2
6.7
6.5
6.1
5.8
5.4
5.0
4.5

47.1
46.7
46.7
46.5
45.0
43.4
42.8
41.8
41.4
41.4
41.3
41.6
42.0
42.4
43.0
43.2
43.2
43.8
44.4
44.9
44.9
45.2
45.4
45.4
45.6
46.0
46.1
46.1
46.8
47.3
47.0
47.7
48.3
48.7
49.2
49.5
49.6
49.6
49.9
50.0
50.0
50.1
49.4
49.6
50.6

0.0
-0.8
0.0
-0.4
-3.2
-3.6
-1.4
-2.3
-1.0
0.0
-0.2
0.7
1.0
1.0
1.4
0.5
0.0
1.4
1.4
1.1
0.0
0.7
0.4
0.0
0.4
0.9
0.2
0.0
1.5
1.1
-0.6
1.5
1.3
0.8
1.0
0.6
0.2
0.0
0.6
0.2
0.0
0.2
-1.4
0.4
2.0

0.9
0.2
-0.6
-1.7
-5.3
-8.4
-9.1
-11.1
-11.9
-11.5
-12.5
-11.7
-10.8
-9.2
-7.9
-7.1
-4.0
0.9
3.7
7.4
8.5
9.2
9.9
9.1
8.6
8.5
7.2
6.7
8.3
8.0
5.9
6.2
7.6
7.7
8.4
9.0
8.8
7.8
8.2
8.5
6.8
5.9
5.1
4.0
4.8

47.1
47.0
46.8
46.6
46.1
45.0
43.7
42.7
42.0
41.5
41.4
41.4
41.6
42.0
42.5
42.9
43.1
43.4
43.8
44.4
44.7
45.0
45.2
45.3
45.5
45.7
45.9
46.1
46.3
46.7
47.0
47.3
47.7
48.2
48.7
49.1
49.4
49.6
49.7
49.8
50.0
50.0
49.8
49.7
49.9

4.3
4.1
4.0
4.1
4.5
4.9
4.8
4.4
4.3
3.7
3.8
3.6
1.9
2.0
1.1
0.8
-0.1
-1.5
-1.8
-2.6
-3.0
-2.5
-3.3
-5.9
-7.8
-10.3
-10.2
-9.8
-8.1
-6.1
-5.1
-3.2
-2.5
-3.6
-3.8
-1.1
2.4
4.4
4.2
3.2
1.2
-1.2
-2.9
-5.0
-6.2

59.1
59.5
59.9
60.0
60.3
60.5
60.8
60.9
60.8
60.7
60.8
60.9
60.9
61.0
60.9
60.8
60.6
60.4
60.1
59.7
59.3
59.1
59.0
58.5
57.5
56.1
55.1
54.7
55.0
55.5
56.2
56.8
57.2
57.3
57.0
56.8
57.0
57.1
57.1
56.8
56.5
56.1
55.6
55.1
54.5

0.7
0.7
0.6
0.3
0.4
0.4
0.4
0.1
0.0
-0.1
0.0
0.2
0.1
0.1
-0.2
-0.1
-0.3
-0.4
-0.5
-0.7
-0.6
-0.4
-0.2
-0.8
-1.8
-2.4
-1.8
-0.8
0.5
1.1
1.2
1.1
0.7
0.2
-0.4
-0.4
0.2
0.3
0.0
-0.5
-0.6
-0.7
-0.8
-1.1
-1.0

4.2
4.0
4.1
4.1
4.2
4.5
4.7
4.7
4.5
4.1
3.9
3.7
3.1
2.5
1.7
1.3
0.6
-0.3
-1.2
-2.0
-2.4
-2.7
-2.9
-3.9
-5.7
-8.0
-9.4
-10.1
-9.4
-8.0
-6.5
-4.8
-3.6
-3.1
-3.3
-2.8
-0.9
1.9
3.7
3.9
2.9
1.0
-1.0
-3.1
-4.7

51.6
51.8
52.2
52.2
52.4
52.5
52.9
53.3
53.6
53.3
53.5
53.7
53.1
53.5
53.5
53.5
53.1
53.2
53.4
53.4
53.4
53.7
53.7
53.5
52.4
51.2
50.5
50.1
50.3
51.2
51.8
52.7
53.0
52.7
52.5
52.7
52.5
52.8
53.1
53.4
53.4
53.1
52.7
52.1
51.5

2.0
0.4
0.8
0.0
0.4
0.2
0.8
0.8
0.6
-0.6
0.4
0.4
-1.1
0.8
0.0
0.0
-0.7
0.2
0.4
0.0
0.0
0.6
0.0
-0.4
-2.1
-2.3
-1.4
-0.8
0.4
1.8
1.2
1.7
0.6
-0.6
-0.4
0.4
-0.4
0.6
0.6
0.6
0.0
-0.6
-0.8
-1.1
-1.2

6.0
5.3
5.5
5.2
5.6
5.2
5.8
6.6
7.0
7.9
7.9
6.1
2.9
3.3
2.5
2.5
1.3
1.3
0.9
0.2
-0.4
0.8
0.4
-0.4
-1.3
-4.3
-5.6
-6.4
-5.3
-3.8
-3.0
-1.3
-0.7
-1.9
-2.2
-1.5
0.2
3.1
5.1
6.6
6.2
3.7
1.7
-1.1
-2.8

50.6
51.3
51.9
52.1
52.3
52.4
52.6
52.9
53.3
53.4
53.5
53.5
53.4
53.4
53.4
53.5
53.4
53.3
53.2
53.3
53.4
53.5
53.6
53.6
53.2
52.4
51.4
50.6
50.3
50.5
51.1
51.9
52.5
52.8
52.7
52.6
52.6
52.7
52.8
53.1
53.3
53.3
53.1
52.6
52.1

-6.3
-4.8
-6.0
-6.8
-7.2
-7.0
-6.2
-6.4
-4.1
-2.9
-1.4
0.4
3.2
4.6
6.7
8.0
10.1
11.6
12.7
13.7
13.5
14.2
14.2
13.2
12.6
10.8
9.8
8.7
7.7
6.6
4.9
4.9
3.5
2.7
3.0
3.0
2.3
2.2
1.9
2.0
1.9
2.4
3.4
3.2
3.7

53.9
53.8
53.6
53.6
53.3
53.1
53.0
52.8
53.0
53.2
53.5
53.8
54.4
55.2
56.2
57.1
57.8
58.4
59.1
59.5
60.0
60.5
61.0
61.3
61.6
62.0
62.4
62.6
62.8
62.9
62.8
62.8
62.7
62.7
62.9
63.0
63.3
63.5
63.8
63.9
64.0
64.2
64.4
64.6
64.8

-1.0
-0.4
-0.3
0.0
-0.5
-0.4
-0.3
-0.3
0.3
0.3
0.7
0.5
1.0
1.6
1.8
1.5
1.2
1.1
1.2
0.8
0.9
0.8
0.9
0.4
0.5
0.6
0.7
0.3
0.3
0.1
0.0
-0.1
-0.1
0.0
0.2
0.3
0.4
0.3
0.4
0.2
0.2
0.3
0.4
0.3
0.3

-5.8
-5.8
-5.7
-5.9
-6.7
-7.0
-6.8
-6.5
-5.6
-4.5
-2.8
-1.3
0.8
2.7
4.8
6.4
8.3
9.9
11.5
12.7
13.3
13.8
14.0
13.9
13.3
12.2
11.1
9.8
8.7
7.7
6.4
5.5
4.4
3.7
3.1
2.9
2.8
2.5
2.1
2.0
1.9
2.1
2.6
3.0
3.4

50.5
51.5
51.1
50.7
50.3
50.2
50.0
49.6
49.4
49.0
48.8
48.5
49.4
49.1
49.5
50.1
50.4
50.7
51.5
52.1
52.9
53.3
53.5
53.7
54.8
55.1
55.3
55.7
55.9
56.1
56.3
56.4
56.3
56.2
56.4
56.5
56.3
56.6
56.7
56.5
56.6
56.6
56.2
56.5
56.7

-1.9
2.0
-0.8
-0.8
-0.8
-0.2
-0.4
-0.8
-0.4
-0.8
-0.4
-0.6
1.9
-0.6
0.8
1.2
0.6
0.6
1.6
1.2
1.5
0.8
0.4
0.4
2.0
0.5
0.4
0.7
0.4
0.4
0.4
0.2
-0.2
-0.2
0.4
0.2
-0.4
0.5
0.2
-0.4
0.2
0.0
-0.7
0.5
0.4

-4.2
-1.9
-3.0
-3.4
-4.7
-5.5
-6.4
-7.1
-7.0
-7.0
-6.3
-5.8
-2.2
-4.7
-3.1
-1.2
0.2
1.0
3.0
5.0
7.1
8.8
9.6
10.7
10.9
12.2
11.7
11.2
10.9
10.7
9.3
8.3
6.4
5.4
5.4
5.2
2.7
2.7
2.5
1.4
1.3
0.9
-0.2
0.2
0.7

51.4
51.2
51.0
51.1
50.7
50.4
50.2
49.9
49.7
49.3
49.1
48.8
48.9
49.0
49.3
49.6
50.0
50.4
50.9
51.4
52.2
52.8
53.2
53.5
54.0
54.5
55.1
55.4
55.6
55.9
56.1
56.3
56.3
56.3
56.3
56.4
56.4
56.5
56.5
56.6
56.6
56.6
56.5
56.4
56.5

3.5
3.5
4.1
4.6
4.2
3.9
4.3
4.8
5.0
4.5
4.7
4.9
5.5
5.0
5.6
5.2
6.0
6.5
6.7
6.3
6.1
6.9
7.0
6.7
5.9
5.1
4.0
3.4
2.9
3.4
3.0
2.5
2.9
2.2
2.3
2.0
2.9
3.9
4.0
4.2
3.8
2.9
2.7
2.3
1.7

64.9
65.1
65.4
65.9
66.2
66.4
66.5
66.8
67.2
67.5
67.7
67.9
68.1
68.4
68.9
69.3
69.9
70.3
70.8
71.1
71.5
71.9
72.2
72.5
72.6
72.5
72.3
72.2
72.3
72.6
73.0
73.2
73.5
73.7
74.0
74.1
74.3
74.6
74.9
75.1
75.2
75.3
75.3
75.2
75.1

0.1
0.4
0.4
0.8
0.5
0.3
0.1
0.4
0.6
0.5
0.2
0.3
0.4
0.5
0.6
0.7
0.9
0.6
0.6
0.5
0.5
0.5
0.4
0.4
0.1
-0.1
-0.2
-0.1
0.2
0.4
0.5
0.4
0.3
0.3
0.4
0.2
0.3
0.4
0.4
0.3
0.1
0.0
0.0
-0.1
0.0

3.4
3.6
3.7
4.0
4.3
4.2
4.1
4.3
4.7
4.8
4.7
4.7
5.0
5.1
5.4
5.3
5.6
5.9
6.4
6.5
6.4
6.4
6.6
6.9
6.5
5.9
5.0
4.2
3.4
3.3
3.1
3.0
2.8
2.5
2.4
2.2
2.4
2.9
3.6
4.0
4.0
3.6
3.1
2.6
2.2

56.5
56.7
57.3
57.5
57.1
56.8
56.8
56.9
56.7
57.0
57.0
57.1
57.3
57.6
58.1
57.9
58.6
58.8
59.1
59.5
59.8
60.2
60.7
60.8
61.7
62.0
62.3
62.4
62.6
62.8
63.1
63.1
63.2
63.3
63.5
63.4
63.7
63.8
64.1
64.3
64.0
64.1
64.2
63.7
63.8

-0.4
0.4
1.1
0.3
-0.7
-0.5
0.0
0.2
-0.4
0.5
0.0
0.2
0.4
0.5
0.9
-0.3
1.2
0.3
0.5
0.7
0.5
0.7
0.8
0.2
1.5
0.5
0.5
0.2
0.3
0.3
0.5
0.0
0.2
0.2
0.3
-0.2
0.5
0.2
0.5
0.3
-0.5
0.2
0.2
-0.8
0.2

0.5
0.5
1.4
2.1
0.9
0.2
0.5
0.5
0.2
1.4
0.9
0.7
1.4
1.6
1.4
0.7
2.6
3.5
4.0
4.6
5.5
5.6
6.5
6.5
7.7
7.6
7.2
7.8
6.8
6.8
6.8
6.1
5.7
5.1
4.6
4.3
3.2
2.9
2.9
3.0
2.2
2.1
1.7
1.0
0.9

56.6
56.6
56.8
57.2
57.3
57.1
56.9
56.8
56.8
56.9
56.9
57.0
57.1
57.3
57.7
57.9
58.2
58.4
58.8
59.1
59.5
59.8
60.2
60.6
61.1
61.5
62.0
62.2
62.4
62.6
62.8
63.0
63.1
63.2
63.3
63.4
63.5
63.6
63.9
64.1
64.1
64.1
64.1
64.0
63.9

1.6
1.7
1.8
1.5
0.9
0.3
0.3
0.7
0.6
0.6
0.4
0.5
0.1
-0.9
-2.1
-3.6
-4.1
-4.4
-5.0
-5.1
-4.8
-3.9
-2.6
-2.8
-1.5
-1.1
0.6
2.0
2.1
2.8
4.3
4.5
5.0
4.4
3.8
4.1
3.8
4.2
3.9
3.8
5.0
5.7
4.9
5.1
4.3

75.1
75.2
75.3
75.6
75.7
75.6
75.5
75.6
75.7
75.7
75.6
75.5
75.3
75.2
74.6
73.9
73.2
72.6
72.1
71.9
71.9
72.2
72.7
73.2
73.6
73.8
74.1
74.3
74.3
74.2
74.4
74.7
75.2
75.6
75.9
76.2
76.5
76.8
77.0
77.2
77.5
77.8
78.2
78.6
78.8

-0.1
0.2
0.2
0.3
0.1
-0.1
-0.1
0.1
0.1
0.1
-0.2
-0.1
-0.2
-0.2
-0.7
-1.0
-1.0
-0.9
-0.6
-0.3
0.0
0.5
0.7
0.6
0.6
0.3
0.4
0.2
0.1
-0.1
0.2
0.5
0.7
0.5
0.5
0.4
0.4
0.4
0.4
0.2
0.4
0.5
0.5
0.5
0.2

1.9
1.7
1.7
1.7
1.4
0.9
0.5
0.5
0.6
0.7
0.5
0.5
0.4
-0.1
-1.0
-2.2
-3.3
-4.0
-4.5
-4.8
-5.0
-4.6
-3.8
-3.1
-2.3
-1.8
-0.7
0.5
1.5
2.3
3.1
3.9
4.6
4.6
4.4
4.1
3.9
4.0
3.9
3.9
4.2
4.8
5.2
5.2
4.7

63.2
63.7
63.5
63.5
63.7
64.1
63.7
64.3
64.6
64.5
64.7
64.9
64.8
65.0
65.1
64.6
63.8
63.4
63.1
62.7
62.4
62.5
63.1
63.7
63.7
63.8
64.4
64.2
64.2
63.9
63.5
64.0
64.5
65.0
65.2
65.3
65.8
65.5
65.6
66.1
66.4
66.5
66.8
67.0
67.0

-0.9
0.8
-0.3
0.0
0.3
0.6
-0.6
0.9
0.5
-0.2
0.3
0.3
-0.2
0.3
0.2
-0.8
-1.2
-0.6
-0.5
-0.6
-0.5
0.2
1.0
1.0
0.0
0.2
0.9
-0.3
0.0
-0.5
-0.6
0.8
0.8
0.8
0.3
0.2
0.8
-0.5
0.2
0.8
0.5
0.2
0.5
0.3
0.0

-0.2
0.3
0.2
-0.3
-0.2
0.0
-0.9
0.5
0.8
0.5
1.6
1.7
2.5
2.0
2.5
1.7
0.2
-1.1
-0.9
-2.5
-3.4
-3.1
-2.5
-1.8
-1.7
-1.8
-1.1
-0.6
0.6
0.8
0.6
2.1
3.4
4.0
3.3
2.5
3.3
2.7
1.9
3.0
3.4
4.1
5.2
4.7
3.9

63.6
63.6
63.5
63.6
63.6
63.8
63.8
64.0
64.2
64.5
64.6
64.7
64.8
64.9
65.0
64.9
64.5
63.9
63.4
63.1
62.7
62.5
62.7
63.1
63.5
63.7
64.0
64.1
64.3
64.1
63.9
63.8
64.0
64.5
64.9
65.2
65.4
65.5
65.6
65.7
66.0
66.3
66.6
66.8
66.9

4.3
4.0
3.8
3.4
3.9
4.2
4.2
4.0
3.8
3.0
3.6
4.8
4.4
4.9
5.2
5.1
5.3
4.7
4.5
4.7
4.7
5.6
4.2
3.0
3.0
2.8
2.5
2.1
1.5
2.3
2.2
1.8
1.5
0.0
0.7
1.3
1.6
2.5
2.6
3.0
3.2
2.6
3.4
3.9
4.2

79.0
79.1
79.3
79.3
79.6
80.0
80.4
80.7
80.9
81.0
81.3
81.8
82.4
82.8
83.1
83.4
83.8
84.0
84.2
84.4
84.6
85.0
85.2
85.3
85.2
85.3
85.4
85.4
85.4
85.7
85.9
86.1
86.2
86.0
85.9
85.8
86.2
86.8
87.3
87.7
88.0
88.2
88.6
89.0
89.5

0.3
0.1
0.2
0.1
0.3
0.5
0.5
0.4
0.3
0.1
0.4
0.5
0.8
0.5
0.4
0.3
0.5
0.3
0.2
0.2
0.3
0.5
0.2
0.0
-0.1
0.1
0.2
0.0
0.0
0.2
0.3
0.3
0.0
-0.2
-0.1
0.0
0.5
0.6
0.6
0.5
0.3
0.3
0.4
0.5
0.6

4.6
4.2
4.0
3.7
3.7
3.8
4.1
4.1
4.0
3.6
3.5
3.8
4.3
4.7
4.8
5.1
5.2
5.0
4.8
4.6
4.6
5.0
4.8
4.3
3.4
3.0
2.8
2.5
2.0
2.0
2.0
2.1
1.8
1.1
0.7
0.7
1.2
1.8
2.2
2.7
3.0
3.0
3.1
3.3
3.8

67.2
67.0
67.1
67.3
67.2
67.6
68.1
68.4
68.7
69.0
69.0
69.7
70.1
70.5
70.9
71.0
71.4
71.7
72.3
72.8
73.6
73.7
73.6
73.7
73.7
73.9
74.2
73.9
74.9
75.2
75.1
75.2
75.5
75.0
76.2
76.1
76.8
77.3
78.0
77.9
78.3
78.9
78.8
79.5
80.0

0.3
-0.3
0.1
0.3
-0.1
0.6
0.7
0.4
0.4
0.4
0.0
1.0
0.6
0.6
0.6
0.1
0.6
0.4
0.8
0.7
1.1
0.1
-0.1
0.1
0.0
0.3
0.4
-0.4
1.4
0.4
-0.1
0.1
0.4
-0.7
1.6
-0.1
0.9
0.7
0.9
-0.1
0.5
0.8
-0.1
0.9
0.6

3.4
2.8
2.8
2.3
2.6
3.0
3.0
3.0
3.3
3.3
3.0
4.0
4.3
5.2
5.7
5.5
6.3
6.1
6.2
6.4
7.1
6.8
6.7
5.7
5.1
4.8
4.7
4.1
4.9
4.9
3.9
3.3
2.6
1.8
3.5
3.3
4.2
4.6
5.1
5.4
4.5
4.9
4.9
5.7
6.0

67.1
67.1
67.1
67.1
67.2
67.4
67.6
68.0
68.4
68.7
68.9
69.2
69.6
70.1
70.5
70.8
71.1
71.4
71.8
72.3
72.9
73.4
73.6
73.7
73.7
73.8
73.9
74.0
74.3
74.7
75.1
75.2
75.3
75.2
75.6
75.8
76.4
76.7
77.4
77.7
78.1
78.4
78.7
79.1
79.4

5.9
6.3
6.4
5.6
5.1
5.4
6.5
6.4
7.0
6.6
6.0
5.8
5.6
4.7
4.4
5.4
4.9
3.9
2.7
2.0
0.5
-0.2
0.4
0.4
0.1
0.8
0.9
0.9
1.6
2.7
2.8
3.1
3.7
4.6
5.2
5.4
5.5
4.2
4.6
4.0
2.5
1.7
1.0
0.6
1.2

90.0
90.6
91.1
91.5
91.7
92.0
92.7
93.3
94.0
94.5
94.8
95.0
95.2
95.4
95.6
95.9
96.2
96.3
96.2
96.0
95.6
95.2
95.0
95.1
95.5
95.8
96.2
96.7
97.3
98.0
98.5
98.8
98.7
98.8
99.3
100.0
100.6
100.6
100.8
100.9
100.9
100.7
100.2
99.8
99.7

0.6
0.7
0.6
0.3
0.3
0.3
0.8
0.7
0.7
0.5
0.3
0.2
0.2
0.3
0.2
0.3
0.3
0.1
-0.1
-0.3
-0.4
-0.5
-0.2
0.2
0.3
0.4
0.4
0.6
0.6
0.7
0.5
0.2
0.0
0.1
0.5
0.7
0.6
0.0
0.1
0.1
0.0
-0.2
-0.4
-0.4
-0.2

4.7
5.5
6.2
6.1
5.7
5.3
5.7
6.1
6.6
6.7
6.5
6.1
5.8
5.4
4.9
4.9
4.9
4.8
3.8
2.8
1.7
0.7
0.2
0.2
0.3
0.4
0.6
0.9
1.2
1.7
2.4
2.9
3.2
3.8
4.5
5.1
5.4
5.0
4.8
4.3
3.7
2.7
1.7
1.1
0.9

80.1
81.1
81.7
81.7
82.2
82.7
83.3
84.2
84.9
85.7
86.5
86.8
87.2
87.3
87.4
87.7
88.3
87.7
87.4
89.2
89.0
89.7
89.6
89.9
90.3
90.8
90.9
91.2
91.8
91.7
92.3
92.6
92.3
93.5
94.0
94.7
94.8
95.1
95.5
96.2
96.4
96.5
96.4
96.0
96.4

0.1
1.2
0.7
0.0
0.6
0.6
0.7
1.1
0.8
0.9
0.9
0.3
0.5
0.1
0.1
0.3
0.7
-0.7
-0.3
2.1
-0.2
0.8
-0.1
0.3
0.4
0.6
0.1
0.3
0.7
-0.1
0.7
0.3
-0.3
1.3
0.5
0.7
0.1
0.3
0.4
0.7
0.2
0.1
-0.1
-0.4
0.4

6.8
6.4
7.4
6.4
6.3
6.0
6.9
7.5
7.6
8.8
8.8
8.5
8.9
7.6
7.0
7.3
7.4
6.0
4.9
5.9
4.8
4.7
3.6
3.6
3.6
4.0
4.0
4.0
4.0
4.6
5.6
3.8
3.7
4.2
4.9
5.3
5.0
4.7
5.1
5.5
5.0
5.2
4.4
3.7
4.4

79.9
80.4
81.0
81.5
81.9
82.2
82.7
83.4
84.1
84.9
85.7
86.3
86.8
87.1
87.3
87.5
87.8
87.9
87.8
88.1
88.5
89.3
89.4
89.7
89.9
90.3
90.7
91.0
91.3
91.6
91.9
92.2
92.4
92.8
93.3
94.1
94.5
94.9
95.1
95.6
96.0
96.4
96.4
96.3
96.3

-0.1
-2.3
-4.2
-4.3
-4.9
-6.9
-7.6
-6.6
-6.7
-6.5
-6.2
-7.9
-7.8
-6.1
-3.9
-3.1
-1.7
0.7
2.0
2.6
3.2
2.5
2.3
3.3
3.5
3.4
3.0
2.5
1.8
0.8
0.4
0.2
0.7
2.5
3.3
4.9
6.4
6.5
6.8
7.1
8.2
9.2
9.2
8.8
7.8

99.4
98.9
97.8
97.0
96.1
95.4
94.4
93.8
93.7
93.6
93.4
92.8
92.1
91.7
92.0
92.7
93.4
94.1
94.7
95.5
96.1
96.2
95.9
95.4
94.9
94.8
95.0
95.5
95.6
95.7
95.6
95.9
96.5
97.2
97.9
98.7
99.5
100.5
101.2
102.0
102.7
103.5
104.1
104.6
104.8

-0.3
-0.5
-1.1
-0.8
-0.9
-0.8
-1.1
-0.6
-0.2
0.0
-0.2
-0.6
-0.8
-0.4
0.3
0.8
0.7
0.8
0.6
0.9
0.6
0.1
-0.3
-0.6
-0.5
-0.1
0.2
0.5
0.1
0.0
-0.1
0.3
0.6
0.8
0.7
0.8
0.8
1.0
0.8
0.7
0.7
0.8
0.6
0.5
0.2

0.6
-0.4
-2.2
-3.6
-4.5
-5.4
-6.5
-7.0
-7.0
-6.6
-6.5
-6.8
-7.3
-7.3
-5.9
-4.4
-2.9
-1.4
0.3
1.8
2.6
2.8
2.7
2.7
3.0
3.4
3.3
3.0
2.4
1.7
1.0
0.4
0.4
1.1
2.1
3.5
4.8
5.9
6.6
6.8
7.4
8.2
8.9
9.1
8.6

96.1
96.1
95.8
95.2
94.6
94.3
94.0
93.4
92.7
92.2
92.1
91.7
91.3
90.8
90.8
91.4
91.4
92.1
92.5
92.9
93.8
93.6
93.6
93.7
93.4
93.9
93.5
94.1
94.4
94.2
93.4
93.5
93.6
94.0
93.8
94.4
94.5
95.2
95.1
95.3
95.8
95.3
95.7
96.4
95.6

-0.3
0.0
-0.3
-0.6
-0.6
-0.3
-0.3
-0.6
-0.7
-0.5
-0.1
-0.4
-0.4
-0.5
0.0
0.7
0.0
0.8
0.4
0.4
1.0
-0.2
0.0
0.1
-0.3
0.5
-0.4
0.6
0.3
-0.2
-0.8
0.1
0.1
0.4
-0.2
0.6
0.1
0.7
-0.1
0.2
0.5
-0.5
0.4
0.7
-0.8

2.8
2.2
1.2
0.4
-0.5
-1.3
-2.3
-3.1
-3.9
-4.4
-4.1
-4.9
-5.0
-5.5
-5.2
-4.0
-3.4
-2.3
-1.6
-0.5
1.2
1.5
1.6
2.2
2.3
3.4
3.0
3.0
3.3
2.3
1.0
0.6
-0.2
0.4
0.2
0.7
1.2
1.4
1.7
1.3
1.5
1.2
2.5
3.1
2.1

96.2
96.2
96.0
95.7
95.2
94.7
94.3
93.9
93.4
92.8
92.3
92.0
91.7
91.3
91.0
91.0
91.2
91.6
92.0
92.5
93.1
93.4
93.7
93.6
93.6
93.7
93.6
93.8
94.0
94.2
94.0
93.7
93.5
93.7
93.8
94.1
94.2
94.7
94.9
95.2
95.4
95.5
95.6
95.8
95.9

7.4
7.3
6.8
6.4
6.1
6.7
5.3
5.7
5.0
4.7
3.6
4.1
4.2
3.9
0.2
0.5
1.4
0.8
2.5
1.4
1.2
1.1
1.7
1.1
0.4
0.3
3.6
2.7
1.4
1.9
1.0
1.2
2.0
2.4
2.9
3.1
3.1
2.1
2.0
1.5
0.8
-1.2
-2.8
-4.0
-5.8

105.0
105.3
105.8
106.3
106.9
107.7
108.2
108.7
109.0
109.4
109.2
109.1
109.2
109.5
108.7
107.9
107.6
108.7
109.9
110.5
110.8
110.7
110.6
110.5
110.3
110.2
110.2
110.3
110.4
110.9
111.5
112.0
112.4
112.8
113.3
113.6
113.7
113.3
112.9
112.3
112.0
111.3
110.3
109.0
107.7

0.3
0.2
0.5
0.5
0.6
0.8
0.4
0.5
0.2
0.4
-0.2
-0.1
0.1
0.3
-0.8
-0.7
-0.2
1.0
1.1
0.5
0.3
-0.1
-0.1
-0.1
-0.2
-0.1
0.0
0.1
0.1
0.4
0.5
0.5
0.4
0.4
0.5
0.2
0.1
-0.4
-0.4
-0.5
-0.3
-0.6
-0.9
-1.2
-1.2

8.0
7.5
7.1
6.8
6.4
6.4
6.0
5.9
5.3
5.1
4.4
4.1
3.9
4.1
2.7
1.5
0.7
0.9
1.6
1.6
1.7
1.2
1.3
1.3
1.1
0.6
1.4
2.2
2.6
2.0
1.5
1.4
1.4
1.9
2.4
2.8
3.0
2.8
2.4
1.9
1.4
0.3
-1.1
-2.7
-4.2

96.4
96.4
96.5
97.4
97.6
98.3
98.8
99.4
99.3
99.5
99.6
100.0
99.7
99.9
98.0
99.3
100.3
100.9
101.0
101.0
101.3
101.7
101.5
101.9
101.9
102.3
102.1
102.1
102.0
103.0
102.5
103.6
103.8
104.5
104.6
104.6
104.5
104.7
105.1
104.5
105.2
105.1
104.9
104.6
104.3

0.8
0.0
0.1
0.9
0.2
0.7
0.5
0.6
-0.1
0.2
0.1
0.4
-0.3
0.2
-1.9
1.3
1.0
0.6
0.1
0.0
0.3
0.4
-0.2
0.4
0.0
0.4
-0.2
0.0
-0.1
1.0
-0.5
1.1
0.2
0.7
0.1
0.0
-0.1
0.2
0.4
-0.6
0.7
-0.1
-0.2
-0.3
-0.3

2.6
2.8
2.2
3.1
2.5
3.4
3.7
3.8
4.2
4.0
3.3
4.6
3.4
3.6
1.6
2.0
2.8
2.6
2.2
1.6
2.0
2.2
1.9
1.9
2.2
2.4
4.2
2.8
1.7
2.1
1.5
2.6
2.5
2.8
3.1
2.6
2.6
2.3
2.9
2.4
3.1
2.0
2.3
1.0
0.5

96.1
96.1
96.4
96.8
97.2
97.8
98.2
98.8
99.2
99.4
99.5
99.7
99.8
99.9
99.2
99.1
99.2
100.2
100.7
101.0
101.1
101.3
101.5
101.7
101.8
102.0
102.1
102.2
102.1
102.4
102.5
103.0
103.3
104.0
104.3
104.6
104.6
104.6
104.8
104.8
104.9
104.9
105.1
104.9
104.6

-6.4
-7.1
-7.9
-9.5
-10.4
-14.7
-15.5
-18.6
-20.4
-19.6
-19.3
-19.5
-18.0
-16.5
-14.2
-11.4
-7.6
-2.0
0.2
5.5
9.7
11.0
11.5
14.6
14.0
11.1
8.2
6.6
4.5
4.1
2.9
2.8
3.7
2.7
3.5
3.1
1.8
2.6
3.1
3.8
2.4
1.0
1.5
0.7
-0.5

106.7
106.1
105.5
104.4
102.8
99.8
97.1
93.8
91.1
88.7
87.4
86.7
86.5
87.0
88.4
89.8
91.4
92.7
94.0
94.9
95.7
96.5
96.8
97.4
98.0
98.5
98.2
97.5
97.2
97.4
97.6
98.0
98.7
99.4
100.0
100.4
100.8
100.9
100.7
100.6
100.2
99.7
99.2
99.0
99.2

-0.9
-0.6
-0.5
-1.0
-1.6
-2.9
-2.7
-3.4
-2.9
-2.6
-1.5
-0.8
-0.2
0.6
1.6
1.6
1.8
1.5
1.4
1.0
0.8
0.8
0.3
0.6
0.7
0.5
-0.3
-0.7
-0.3
0.2
0.2
0.4
0.7
0.7
0.6
0.4
0.4
0.2
-0.3
0.0
-0.4
-0.5
-0.6
-0.1
0.2

-5.4
-6.4
-7.1
-8.1
-9.3
-11.5
-13.5
-16.2
-18.1
-19.5
-19.8
-19.5
-19.0
-18.0
-16.2
-14.0
-11.1
-7.1
-3.2
1.2
5.0
8.7
10.7
12.3
13.4
13.2
11.1
8.6
6.4
5.0
3.8
3.3
3.1
3.1
3.3
3.1
2.8
2.5
2.5
3.2
3.1
2.4
1.6
1.1
0.6

103.5
103.1
102.8
102.3
100.8
96.5
97.4
96.1
93.4
91.2
90.6
89.2
88.5
87.6
87.2
88.2
89.1
89.8
90.2
90.4
90.8
91.8
92.1
92.7
93.1
94.5
94.7
95.2
95.5
95.7
95.5
95.5
96.4
96.4
95.9
96.7
96.3
96.5
96.8
97.2
97.8
97.8
98.4
98.3
98.8

-0.8
-0.4
-0.3
-0.5
-1.5
-4.3
0.9
-1.3
-2.8
-2.4
-0.7
-1.5
-0.8
-1.0
-0.5
1.1
1.0
0.8
0.4
0.2
0.4
1.1
0.3
0.7
0.4
1.5
0.2
0.5
0.3
0.2
-0.2
0.0
0.9
0.0
-0.5
0.8
-0.4
0.2
0.3
0.4
0.6
0.0
0.6
-0.1
0.5

-1.0
-1.4
-1.7
-2.1
-3.7
-8.2
-6.8
-8.7
-11.1
-13.1
-13.4
-14.5
-14.5
-15.0
-15.2
-13.8
-11.6
-6.9
-7.4
-5.9
-2.8
0.7
1.7
3.9
5.2
7.9
8.6
7.9
7.2
6.6
5.9
5.6
6.2
5.0
4.1
4.3
3.4
2.1
2.2
2.1
2.4
2.2
3.0
2.9
2.5

104.1
103.6
103.1
102.7
102.0
99.9
98.2
96.7
95.6
93.6
91.7
90.3
89.4
88.4
87.8
87.7
88.2
89.0
89.7
90.1
90.5
91.0
91.6
92.2
92.6
93.4
94.1
94.8
95.1
95.5
95.6
95.6
95.8
96.1
96.2
96.3
96.3
96.5
96.5
96.8
97.3
97.6
98.0
98.2
98.5

0.4
0.1
-0.4
-0.3
-0.6
-1.0
-1.2
0.3
2.0
2.4
2.1
2.4
2.3
2.4
1.8
2.5
3.6
4.3
4.2
4.5
3.9
3.1
4.0
3.7
3.2
2.8
3.7
3.7
3.6
4.0
4.5
4.0
3.8
3.8
3.5
3.2
2.8
2.9
2.5
2.7
2.8
2.7
2.0
1.5
1.2

99.6
100.0
100.4
100.6
100.5
100.0
99.7
99.6
100.1
100.7
101.2
101.5
101.8
102.3
102.6
102.8
103.1
103.5
103.7
103.9
104.3
104.6
104.9
105.1
105.5
105.7
106.0
106.4
106.9
107.4
107.9
108.2
108.6
108.6
108.8
108.8
108.9
108.8
108.9
109.2
109.8
110.3
110.6
110.5
110.3

0.4
0.4
0.5
0.1
-0.1
-0.5
-0.3
-0.1
0.5
0.6
0.5
0.3
0.3
0.5
0.3
0.2
0.3
0.3
0.2
0.2
0.4
0.3
0.3
0.3
0.4
0.1
0.3
0.4
0.6
0.4
0.5
0.3
0.3
0.0
0.2
0.0
0.0
-0.1
0.1
0.3
0.5
0.5
0.2
-0.1
-0.2

0.2
0.0
0.0
-0.2
-0.4
-0.7
-1.0
-0.6
0.4
1.6
2.1
2.3
2.2
2.4
2.2
2.2
2.6
3.5
4.0
4.3
4.2
3.8
3.7
3.6
3.6
3.3
3.3
3.4
3.7
3.8
4.1
4.2
4.1
3.9
3.7
3.5
3.2
3.0
2.7
2.7
2.7
2.7
2.5
2.1
1.6

99.5
99.7
99.1
99.9
100.1
100.0
100.3
99.8
99.9
100.2
100.6
100.9
100.9
101.3
101.6
101.5
101.5
101.7
101.3
102.0
102.6
102.7
102.9
103.2
103.0
103.8
104.7
104.9
105.2
105.7
106.1
106.1
106.7
106.8
107.8
107.9
107.6
107.4
107.2
107.1
106.7
106.7
107.5
107.5
107.5

0.7
0.2
-0.6
0.8
0.2
-0.1
0.3
-0.5
0.1
0.3
0.4
0.3
0.0
0.4
0.3
-0.1
0.0
0.2
-0.4
0.7
0.6
0.1
0.2
0.3
-0.2
0.8
0.9
0.2
0.3
0.5
0.4
0.0
0.6
0.1
0.9
0.1
-0.3
-0.2
-0.2
-0.1
-0.4
0.0
0.7
0.0
0.0

3.2
4.0
2.5
3.7
3.7
3.3
3.2
2.0
2.1
1.8
2.3
2.1
1.4
1.6
2.5
1.6
1.4
1.7
1.0
2.2
2.7
2.5
2.3
2.3
2.1
2.5
3.1
3.3
3.6
3.9
4.7
4.0
4.0
4.0
4.8
4.6
4.5
3.5
2.4
2.1
1.4
0.9
1.3
1.3
0.7

98.9
99.3
99.4
99.6
99.7
100.0
100.1
100.0
100.0
100.0
100.2
100.6
100.8
101.0
101.3
101.5
101.5
101.6
101.5
101.7
102.0
102.4
102.7
102.9
103.0
103.3
103.8
104.5
104.9
105.3
105.7
106.0
106.3
106.5
107.1
107.5
107.8
107.6
107.4
107.2
107.0
106.8
107.0
107.2
107.5

1.4
1.7
1.6
1.4
1.6

110.1
110.3
110.5
110.6
110.4

-0.1
0.2
0.2
0.0
-0.1

1.4
1.4
1.6
1.6
1.5

107.4
106.6
105.9
106.8

-0.1
-0.7
-0.7
0.8

0.6
-1.1
-1.9
-0.7

107.5
107.2
106.6
106.4

ial Production index as our reference series

ng points in these other major indicators of the US business cycle:

usted) Personal Income (less transfer payments)


usted) Business (manufacturers, wholesalers, and retailers) Sales

cycle dating in the United States by the National Bureau of Economic Research (NBER) see www.nber.org.

Non-Farm Payrolls
Thousands of Jobs
Source: Bureau of Labor Statistics

% Y/Y
4.2
-1.3
-6.8
-13.2
-15.7
-13.2
-9.1
-3.9
-1.6
1.2
3.2
5.1
8.7
13.6
19.3
18.2
16.1
12.2
8.5
3.8
0.0
-1.9
-5.7
-10.8
-19.6
-26.0
-30.6
-30.2
-28.9
-27.9
-27.7
-27.1
-25.2
-20.8
-14.7
-7.8

Non-Farm
Payrolls
Jobs (3MMA) % Y/Y

Real Personal Income less Transfer Payments


Billions of 2009 Dollars
Source: Bureau of Economic Analysis

Income

Real
Incomes
less
Transfer
Payments
(3MMA) % Y/Y

0.0
8.0
17.5
22.0
24.6
26.9
30.0
29.8
29.5
28.6
33.6
36.9
38.2
34.8
30.5
30.6
30.6
28.5
24.4
22.3
19.0
14.2
7.0
2.2
0.6
0.5
0.0
-3.2
-7.8
-12.4
-15.5
-15.6
-12.2
-7.6
-3.8
-1.1
1.1
2.2
2.7
4.4
7.9
12.4
17.1
18.5
16.4

12.3
10.8
11.1
9.2
7.0
5.3
5.3
5.2
5.8
5.7
6.8
7.8
8.9
7.7
4.5
3.5
4.0
5.0
4.5
3.5
2.5
1.5
0.0
-1.9
-3.8
-5.2
-5.3
-4.3
-3.4
-2.9
-2.4
-1.4
0.0
1.5
3.4
5.4
8.5
11.1
14.1
15.6
15.4
14.8
14.7
15.6
15.9

16.3
15.1
14.0
10.6
6.3
0.0
-4.8
-6.9
-7.7
-9.0
-11.4
-14.2
-17.7
-20.5
-23.0
-23.7
-23.8
-22.6
-21.5
-20.8
-20.0
-18.8
-17.1
-16.5
-15.5
-15.5
-15.4
-16.8
-17.3
-17.1
-16.9
-17.5
-19.8
-23.1
-26.4
-29.1
-30.2
-29.3
-25.2
-19.0
-13.5
-11.7
-11.9
-11.3
-11.6

-7.5
1.6
20.5
41.5
52.6
48.7
35.5
24.2
19.5
20.6
25.6
34.4
37.4
32.3
17.0
0.6
-7.9
-11.9
-7.7
-3.1
4.6
10.5
12.7
11.0
7.7
5.2
5.2
8.3
13.5
21.2
25.2
29.2
26.9
22.0
14.7
10.4
12.1
16.0
19.9
21.4
21.6
21.2
20.1
19.6
19.7

20.5
23.2
25.9
25.5
23.3
18.9
16.7
13.8
10.9
5.2
-3.8
-14.0
-21.9
-26.0
-27.7
-28.9
-30.9
-31.4
-30.6
-27.0
-22.8
-17.1
-8.7
2.4
13.0
18.4
20.2
20.9
22.9
24.9
25.7
23.0
21.4
22.2
23.9
23.8
22.0
19.6
16.4
15.0
16.4
19.0
20.0
19.1
16.8

13.3
10.8
10.9
13.5
18.7
25.0
29.2
30.9
29.7
28.9
28.5
27.7
27.4
25.1
23.1
21.5
20.3
19.1
16.5
13.1
10.0
8.9
9.7
11.5
13.7
16.4
18.8
19.3
19.5
18.9
20.7
22.4
24.3
24.3
23.8
23.7
22.9
21.8
19.1
17.4
15.2
14.3
12.8
11.6
10.7

9.1
7.7
5.3
3.6
1.4
0.6
-0.6
-1.2
-2.5
-3.7
-5.2
-7.0
-8.8
-13.4
-19.6
-26.3
-28.5
-28.3
-28.2
-30.3
-29.9
-28.6
-26.3
-24.6
-21.3
-13.7
-4.6
6.3
11.7
13.0
14.4
19.2
20.3
19.6
18.0
17.7
15.4
10.6
8.1
6.2
5.8
5.3
5.2
5.0
4.2

43,545
43,563
43,605
43,491
43,637
43,808
43,742
43,958
44,201
44,415
44,486
44,578
44,686
44,537
44,680

43,545
43,554
43,571
43,553
43,578
43,645
43,729
43,836
43,967
44,191
44,367
44,493
44,583
44,600
44,634

2.4
2.4
2.4

3.7
4.0
5.4
6.6
6.8
5.8
4.9
3.2
2.1
0.2
-1.1
-2.5
-3.4
-5.0
-6.7
-8.1
-8.1
-7.1
-7.5
-7.1
-6.7
-3.6
-1.6
1.6
5.1
10.0
14.1
18.0
21.3
22.6
24.6
24.6
25.6
23.7
23.4
21.6
19.6
15.9
12.3
8.3
4.1
1.7
0.6
1.0
0.6

44,369
44,795
45,032
45,160
45,175
45,294
45,250
45,194
45,028
44,675
44,500
44,238
44,230
43,982
43,739
43,530
43,621
43,784
42,950
43,244
43,516
43,530
43,298
43,952
44,376
44,717
45,084
45,453
46,187
46,442
46,712
46,778
46,855
47,289
47,577
47,871
47,856
47,952
48,067
48,061
48,008
47,955
48,009
48,149
48,308

44,529
44,615
44,732
44,996
45,122
45,210
45,240
45,246
45,157
44,966
44,734
44,471
44,323
44,150
43,984
43,750
43,630
43,645
43,452
43,326
43,237
43,430
43,448
43,593
43,875
44,348
44,726
45,085
45,575
46,027
46,447
46,644
46,782
46,974
47,240
47,579
47,768
47,893
47,958
48,027
48,045
48,008
47,991
48,038
48,155

2.2
2.4
2.5
2.9
2.9
2.8
2.4
2.0
1.5
0.9
0.3
-0.4
-0.5
-1.0
-1.7
-2.8
-3.3
-3.5
-4.0
-4.2
-4.3
-3.4
-2.9
-2.0
-1.0
0.4
1.7
3.0
4.5
5.5
6.9
7.7
8.2
8.2
8.7
9.1
8.9
8.0
7.2
6.5
5.4
4.3
3.3
3.0
2.9

0.8
0.6
0.9
0.4
-0.2
-0.9
-1.3
0.9
4.4
8.4
10.5
11.4
11.5
11.0
10.7
11.5
12.8
14.1
16.0
14.6
10.9
5.8
1.5
-1.5
-4.2
-5.4
-6.2
-7.1
-8.1
-8.1
-8.2
-8.2
-7.7
-6.3
-3.6
-0.3
3.3
5.9
8.4
10.6
12.9
13.8
14.3
14.3
14.8

48,299
48,522
48,504
48,616
48,645
48,286
48,144
48,922
49,319
49,598
49,816
50,164
50,145
50,339
50,474
50,432
50,491
50,522
50,536
50,487
50,365
50,242
49,906
49,702
49,467
49,381
49,158
49,177
48,965
48,896
48,834
48,825
48,881
48,944
49,179
49,331
49,497
49,644
49,963
50,246
50,512
50,790
50,985
51,112
51,262

48,252
48,376
48,442
48,547
48,588
48,516
48,358
48,451
48,795
49,280
49,578
49,859
50,042
50,216
50,319
50,415
50,466
50,482
50,516
50,515
50,463
50,365
50,171
49,950
49,692
49,517
49,335
49,239
49,100
49,013
48,898
48,852
48,847
48,883
49,001
49,151
49,336
49,491
49,701
49,951
50,240
50,516
50,762
50,962
51,120

2.7
2.4
1.8
1.6
1.5
1.2
0.7
0.8
1.6
2.7
3.2
3.5
3.7
3.8
3.9
3.8
3.9
4.1
4.5
4.3
3.4
2.2
1.2
0.2
-0.7
-1.4
-2.0
-2.3
-2.7
-2.9
-3.2
-3.3
-3.2
-2.9
-2.3
-1.6
-0.7
-0.1
0.7
1.4
2.3
3.1
3.8
4.3
4.7

15.3
15.1
14.4
12.9
11.2
8.9
7.1
5.2
3.9
1.4
1.2
1.9
3.5
3.4
3.0
2.6
3.3
3.6
3.5
2.7
2.6
4.5
4.8
3.5
0.3
-1.9
-4.1
-6.0
-8.6
-10.3
-11.8
-11.8
-10.8
-9.3
-7.6
-6.2
-4.3
-1.2
2.0
5.6
9.1
12.8
17.1
19.8
20.5

51,431
51,592
51,805
51,975
52,167
52,295
52,375
52,506
52,583
51,954
52,632
52,600
52,781
52,822
52,930
52,888
53,098
53,156
53,238
53,149
53,066
53,122
53,128
52,932
52,765
52,557
52,385
52,077
51,576
51,300
51,026
50,913
50,912
51,037
51,233
51,506
51,485
51,943
52,088
52,481
52,687
53,016
53,320
53,549
53,678

51,268
51,428
51,609
51,791
51,982
52,146
52,279
52,392
52,488
52,348
52,390
52,395
52,671
52,734
52,844
52,880
52,972
53,047
53,164
53,181
53,151
53,112
53,105
53,061
52,942
52,751
52,569
52,340
52,013
51,651
51,301
51,080
50,950
50,954
51,061
51,259
51,408
51,645
51,839
52,171
52,419
52,728
53,008
53,295
53,516

4.9
5.0
5.0
5.0
5.0
4.9
4.7
4.3
3.9
3.1
2.8
2.5
2.7
2.5
2.4
2.1
1.9
1.7
1.7
1.5
1.3
1.5
1.4
1.3
0.5
0.0
-0.5
-1.0
-1.8
-2.6
-3.5
-4.0
-4.1
-4.1
-3.9
-3.4
-2.9
-2.1
-1.4
-0.3
0.8
2.1
3.3
4.3
5.0

2,152.0
2,160.4
2,176.2
2,190.8
2,205.7
2,212.8

2,152.0
2,156.2
2,162.9
2,175.8
2,190.9
2,203.1

18.0
13.4
9.6
6.7
4.9
5.6
7.3
8.6
7.2
4.4
1.9
-0.1
-0.4
1.0
2.6
3.5
2.6
-0.6
-4.6
-7.4
-7.5
-6.0
-4.1
-1.7
0.3
2.1
3.1
4.5
6.5
9.3
11.0
12.2
12.6
12.5
11.4
9.4
8.1
7.1
7.2
6.6
5.9
4.5
4.3
4.4
4.8

53,803
53,337
53,428
53,359
53,635
54,175
54,274
54,513
54,458
54,812
54,472
54,347
54,303
54,272
54,228
54,144
53,962
53,743
53,683
53,556
53,662
53,626
53,783
53,977
54,124
54,299
54,387
54,521
54,743
54,871
54,891
55,187
55,276
55,601
55,626
55,644
55,746
55,838
55,977
56,041
56,055
56,027
56,116
56,231
56,322

53,677
53,606
53,523
53,375
53,474
53,723
54,028
54,321
54,415
54,594
54,581
54,544
54,374
54,307
54,268
54,215
54,111
53,950
53,796
53,661
53,634
53,615
53,690
53,795
53,961
54,133
54,270
54,402
54,550
54,712
54,835
54,983
55,118
55,355
55,501
55,624
55,672
55,743
55,854
55,952
56,024
56,041
56,066
56,125
56,223

5.3
5.0
4.4
3.8
3.5
3.6
3.6
3.6
3.2
3.0
2.4
1.9
1.3
1.3
1.4
1.6
1.2
0.4
-0.4
-1.2
-1.4
-1.8
-1.6
-1.4
-0.8
-0.3
0.0
0.3
0.8
1.4
1.9
2.5
2.8
3.2
3.4
3.4
3.2
3.0
2.9
2.8
2.7
2.4
2.2
2.1
2.0

2,210.7
2,198.2
2,197.4
2,201.2
2,215.7
2,239.6
2,252.5
2,253.6
2,255.6
2,263.6
2,269.4
2,268.5
2,270.9
2,267.4
2,268.8
2,275.6
2,261.8
2,247.3
2,268.6
2,269.0
2,279.8
2,288.4
2,300.9
2,320.1
2,325.8
2,335.1
2,339.9
2,364.4
2,386.7
2,399.0
2,394.7
2,407.3
2,422.9
2,437.3
2,439.9
2,445.1
2,455.5
2,457.8
2,460.7
2,467.6
2,481.7
2,494.3
2,488.0
2,494.2
2,504.8

2,209.7
2,207.2
2,202.1
2,198.9
2,204.8
2,218.8
2,235.9
2,248.6
2,253.9
2,257.6
2,262.9
2,267.2
2,269.6
2,268.9
2,269.0
2,270.6
2,268.7
2,261.6
2,259.2
2,261.6
2,272.5
2,279.1
2,289.7
2,303.1
2,315.6
2,327.0
2,333.6
2,346.5
2,363.7
2,383.4
2,393.5
2,400.3
2,408.3
2,422.5
2,433.4
2,440.8
2,446.8
2,452.8
2,458.0
2,462.0
2,470.0
2,481.2
2,488.0
2,492.2
2,495.7

3.9
4.3
4.2
3.8
3.3
2.9
2.7
2.8
3.0
3.3
2.9
1.9
1.0
0.6
0.8
1.0
1.2
1.6
2.0
2.6
2.8
3.3
4.2
5.4
5.9
6.1
6.0
6.3
6.3
6.0
5.7
5.4
5.3
4.9
4.5
4.1
3.9
3.8
3.6

4.9
5.6
6.6
6.8
6.5
6.1
6.6
6.9
7.2
7.1
7.0
6.5
6.5
6.2
6.1
6.2
6.8
7.2
6.3
6.2
6.9
8.4
8.9
9.5
9.5
9.7
9.6
10.0
10.2
10.1
10.8
10.7
10.6
9.7
9.7
9.7
9.6
9.6
9.4
9.2
8.8
8.8
8.8
8.5
7.6

56,580
56,616
56,658
56,795
56,910
57,078
57,284
57,255
57,360
57,487
57,752
57,898
57,923
58,089
58,221
58,412
58,620
58,903
58,794
59,217
59,420
59,583
59,800
60,003
60,258
60,492
60,690
60,963
61,228
61,490
61,718
61,997
62,321
62,528
62,796
63,191
63,436
63,711
64,110
64,301
64,507
64,645
64,854
65,019
65,199

56,378
56,506
56,618
56,690
56,788
56,928
57,091
57,206
57,300
57,367
57,533
57,712
57,858
57,970
58,078
58,241
58,418
58,645
58,772
58,971
59,144
59,407
59,601
59,795
60,020
60,251
60,480
60,715
60,960
61,227
61,479
61,735
62,012
62,282
62,548
62,838
63,141
63,446
63,752
64,041
64,306
64,484
64,669
64,839
65,024

1.8
1.8
1.8
1.8
1.9
1.9
2.0
2.1
2.2
2.3
2.5
2.6
2.6
2.6
2.6
2.7
2.9
3.0
2.9
3.1
3.2
3.6
3.6
3.6
3.7
3.9
4.1
4.2
4.4
4.4
4.6
4.7
4.8
4.8
4.9
5.1
5.2
5.3
5.4
5.5
5.5
5.3
5.2
5.0
4.9

2,513.0
2,522.4
2,536.9
2,537.9
2,547.5
2,564.6
2,579.7
2,585.1
2,603.1
2,604.2
2,627.1
2,639.4
2,655.8
2,672.9
2,683.9
2,695.1
2,715.4
2,726.5
2,728.4
2,746.5
2,772.8
2,779.2
2,793.9
2,806.8
2,818.8
2,836.1
2,843.9
2,862.8
2,878.0
2,900.4
2,929.8
2,951.4
2,966.9
2,975.4
2,988.5
3,002.4
3,003.6
3,013.5
3,031.4
3,045.3
3,053.3
3,060.2
3,075.1
3,086.7
3,082.0

2,504.0
2,513.4
2,524.1
2,532.4
2,540.8
2,550.0
2,563.9
2,576.5
2,589.3
2,597.5
2,611.5
2,623.6
2,640.8
2,656.0
2,670.9
2,684.0
2,698.1
2,712.3
2,723.4
2,733.8
2,749.2
2,766.2
2,782.0
2,793.3
2,806.5
2,820.6
2,832.9
2,847.6
2,861.6
2,880.4
2,902.7
2,927.2
2,949.4
2,964.6
2,976.9
2,988.8
2,998.2
3,006.5
3,016.2
3,030.1
3,043.3
3,052.9
3,062.9
3,074.0
3,081.3

3.4
3.3
3.4
3.5
3.6
3.7
4.1
4.3
4.4
4.4
4.8
5.1
5.5
5.7
5.8
6.0
6.2
6.4
6.2
6.1
6.2
6.5
6.5
6.5
6.3
6.2
6.1
6.1
6.1
6.2
6.6
7.1
7.3
7.2
7.0
7.0
6.8
6.6
6.5
6.4
6.4
6.0
5.5
5.0
4.5

6.7
5.5
4.1
3.1
2.1
1.5
0.5
0.7
0.6
0.9
1.4
2.5
3.3
3.9
4.4
5.0
5.7
6.2
7.1
6.7
6.4
5.9
5.8
5.2
5.1
5.1
5.7
5.7
5.3
4.8
4.8
5.2
5.3
5.0
3.9
2.9
1.2
-0.1
-1.4
-1.9
-2.1
-2.4
-2.9
-3.6
-4.0

65,407
65,427
65,530
65,467
65,618
65,750
65,887
66,142
66,163
66,225
66,703
66,900
66,805
67,214
67,296
67,555
67,652
67,904
68,126
68,328
68,487
68,720
68,985
69,245
69,438
69,698
69,906
70,072
70,328
70,636
70,730
71,005
70,918
71,119
71,088
71,240
71,176
71,302
71,453
71,348
71,122
71,028
71,055
70,932
70,949

65,208
65,344
65,455
65,475
65,538
65,612
65,752
65,926
66,064
66,177
66,364
66,609
66,803
66,973
67,105
67,355
67,501
67,704
67,894
68,119
68,314
68,512
68,731
68,983
69,223
69,460
69,681
69,892
70,102
70,345
70,565
70,790
70,884
71,014
71,042
71,149
71,168
71,239
71,310
71,368
71,308
71,166
71,068
71,005
70,979

4.7
4.5
4.2
3.7
3.3
2.9
2.7
2.5
2.4
2.3
2.4
2.4
2.4
2.5
2.5
2.9
3.0
3.2
3.3
3.3
3.4
3.5
3.6
3.6
3.6
3.7
3.8
3.8
3.9
3.9
3.9
3.9
3.8
3.7
3.4
3.1
2.8
2.6
2.3
2.1
1.7
1.2
0.7
0.3
0.1

3,109.7
3,108.2
3,120.2
3,121.2
3,125.7
3,138.0
3,153.3
3,165.6
3,169.0
3,164.9
3,183.8
3,213.0
3,217.1
3,243.0
3,258.6
3,270.7
3,289.7
3,304.5
3,324.9
3,336.0
3,351.5
3,356.5
3,370.6
3,383.0
3,384.6
3,397.6
3,413.7
3,426.8
3,441.0
3,453.9
3,474.8
3,497.9
3,506.2
3,514.0
3,515.5
3,520.8
3,527.5
3,532.2
3,543.2
3,531.0
3,534.7
3,528.0
3,555.0
3,563.3
3,562.6

3,092.8
3,100.0
3,112.7
3,116.5
3,122.4
3,128.3
3,139.0
3,152.3
3,162.6
3,166.5
3,172.6
3,187.2
3,204.6
3,224.4
3,239.6
3,257.4
3,273.0
3,288.3
3,306.4
3,321.8
3,337.5
3,348.0
3,359.5
3,370.0
3,379.4
3,388.4
3,398.6
3,412.7
3,427.2
3,440.6
3,456.6
3,475.5
3,493.0
3,506.0
3,511.9
3,516.8
3,521.3
3,526.8
3,534.3
3,535.5
3,536.3
3,531.2
3,539.2
3,548.8
3,560.3

4.3
4.1
4.1
3.9
3.9
3.7
3.6
3.6
3.6
3.4
3.2
3.4
3.6
4.0
4.1
4.5
4.8
5.1
5.3
5.4
5.5
5.7
5.9
5.7
5.5
5.1
4.9
4.8
4.7
4.6
4.5
4.6
4.7
4.7
4.5
4.4
4.2
4.1
4.0
3.6
3.2
2.6
2.4
2.1
1.9

-4.9
-5.6
-5.4
-3.7
-2.1
-1.3
-1.0
-0.5
0.3
0.6
0.5
0.9
2.5
4.5
5.5
6.1
6.8
8.1
8.9
9.2
9.0
8.8
9.6
10.1
10.7
10.9
11.4
11.0
10.5
9.8
9.3
8.9
8.6
9.0
8.5
8.3
7.5
7.0
6.0
4.9
3.4
2.3
1.7
1.7
1.6

70,519
70,409
70,790
70,866
70,805
70,859
71,037
71,247
71,253
71,316
71,368
71,620
71,642
71,844
72,108
72,445
72,652
72,945
73,163
73,467
73,760
73,709
74,137
74,268
74,672
74,965
75,270
75,620
76,017
76,286
76,456
76,646
76,886
76,911
77,166
77,281
77,605
77,909
78,035
78,104
78,253
78,295
78,384
78,547
78,602

70,800
70,626
70,573
70,688
70,820
70,843
70,900
71,048
71,179
71,272
71,312
71,435
71,543
71,702
71,865
72,132
72,402
72,681
72,920
73,192
73,463
73,645
73,869
74,038
74,359
74,635
74,969
75,285
75,636
75,974
76,253
76,463
76,663
76,814
76,988
77,119
77,351
77,598
77,850
78,016
78,131
78,217
78,311
78,409
78,511

-0.3
-0.6
-0.8
-0.7
-0.6
-0.7
-0.7
-0.4
0.0
0.3
0.4
0.6
1.0
1.5
1.8
2.0
2.2
2.6
2.8
3.0
3.2
3.3
3.6
3.6
3.9
4.1
4.3
4.4
4.5
4.5
4.6
4.5
4.4
4.3
4.2
4.2
4.0
4.0
3.8
3.6
3.3
3.0
2.7
2.5
2.4

3,537.0
3,534.0
3,540.9
3,577.8
3,581.5
3,590.5
3,602.7
3,616.0
3,615.5
3,621.5
3,642.3
3,646.3
3,662.6
3,680.8
3,709.7
3,728.7
3,747.4
3,766.7
3,785.1
3,798.8
3,806.8
3,833.9
3,872.4
3,890.2
3,955.2
3,985.3
4,006.8
3,985.8
4,000.3
4,000.0
4,013.0
4,026.3
4,041.0
4,056.6
4,041.6
4,066.2
4,104.3
4,114.0
4,103.0
4,056.9
4,029.4
4,000.4
3,979.9
3,982.4
3,986.2

3,554.3
3,544.5
3,537.3
3,550.9
3,566.7
3,583.3
3,591.6
3,603.1
3,611.4
3,617.7
3,626.4
3,636.7
3,650.4
3,663.2
3,684.4
3,706.4
3,728.6
3,747.6
3,766.4
3,783.5
3,796.9
3,813.2
3,837.7
3,865.5
3,905.9
3,943.6
3,982.4
3,992.6
3,997.6
3,995.4
4,004.4
4,013.1
4,026.8
4,041.3
4,046.4
4,054.8
4,070.7
4,094.8
4,107.1
4,091.3
4,063.1
4,028.9
4,003.2
3,987.6
3,982.8

1.4
0.9
0.6
0.8
1.1
1.4
1.6
1.9
2.3
2.2
2.2
2.1
2.7
3.3
4.2
4.4
4.5
4.6
4.9
5.0
5.1
5.4
5.8
6.3
7.0
7.7
8.1
7.7
7.2
6.6
6.3
6.1
6.1
6.0
5.4
4.9
4.2
3.8
3.1
2.5
1.6
0.8
0.0
-0.6
-1.1

1.4
0.9
0.1
-0.7
-2.5
-5.1
-7.6
-9.5
-10.7
-11.5
-12.0
-11.9
-11.7
-10.6
-9.3
-8.1
-6.4
-3.5
0.2
4.0
6.5
8.3
9.2
9.4
9.2
8.7
8.1
7.5
7.4
7.7
7.4
6.7
6.6
7.2
7.9
8.4
8.7
8.5
8.3
8.2
7.8
7.1
6.0
5.0
4.6

78,634
78,619
78,614
78,627
78,259
77,657
77,297
76,919
76,649
76,463
76,623
76,519
76,768
77,154
77,232
77,535
77,679
78,017
78,506
78,817
79,049
79,293
79,311
79,376
79,546
79,704
79,892
79,905
80,237
80,448
80,692
80,987
81,391
81,730
82,089
82,488
82,836
83,074
83,532
83,794
84,173
84,408
84,595
84,948
85,461

78,594
78,618
78,622
78,620
78,500
78,181
77,738
77,291
76,955
76,677
76,578
76,535
76,637
76,814
77,051
77,307
77,482
77,744
78,067
78,447
78,791
79,053
79,218
79,327
79,411
79,542
79,714
79,834
80,011
80,197
80,459
80,709
81,023
81,369
81,737
82,102
82,471
82,799
83,147
83,467
83,833
84,125
84,392
84,650
85,001

2.3
2.1
1.9
1.6
1.2
0.4
-0.4
-1.1
-1.6
-2.1
-2.3
-2.5
-2.5
-2.3
-2.0
-1.7
-1.3
-0.6
0.4
1.5
2.4
3.1
3.4
3.6
3.6
3.6
3.5
3.3
3.3
3.2
3.1
2.9
2.8
2.9
3.2
3.5
3.9
4.1
4.3
4.6
4.8
4.9
4.9
4.9
4.9

3,995.4
3,976.6
3,969.5
3,983.9
3,953.6
3,938.1
3,926.4
3,907.6
3,907.1
3,904.6
3,924.1
3,930.5
3,930.7
3,963.1
3,975.7
3,992.1
4,001.0
4,000.7
4,022.6
4,048.8
4,065.3
4,085.6
4,098.3
4,099.4
4,113.9
4,128.4
4,134.6
4,139.9
4,173.3
4,181.1
4,157.0
4,173.5
4,196.3
4,224.3
4,250.4
4,265.6
4,284.8
4,297.7
4,332.0
4,382.3
4,410.4
4,432.2
4,413.5
4,436.2
4,463.2

3,988.0
3,986.1
3,980.5
3,976.7
3,969.0
3,958.5
3,939.4
3,924.0
3,913.7
3,906.4
3,911.9
3,919.7
3,928.4
3,941.4
3,956.5
3,977.0
3,989.6
3,997.9
4,008.1
4,024.0
4,045.6
4,066.6
4,083.1
4,094.4
4,103.9
4,113.9
4,125.6
4,134.3
4,149.3
4,164.8
4,170.5
4,170.5
4,175.6
4,198.0
4,223.7
4,246.8
4,266.9
4,282.7
4,304.8
4,337.3
4,374.9
4,408.3
4,418.7
4,427.3
4,437.6

-1.3
-1.5
-1.8
-2.3
-3.1
-3.6
-3.7
-3.4
-2.9
-2.4
-1.9
-1.6
-1.5
-1.1
-0.6
0.0
0.5
1.0
1.7
2.5
3.4
4.1
4.4
4.5
4.5
4.4
4.3
4.0
4.0
4.2
4.1
3.6
3.2
3.2
3.4
3.7
4.0
4.1
4.3
4.9
5.4
5.8
6.0
6.2
6.3

4.9
5.3
5.6
5.3
5.4
5.4
5.6
5.9
6.5
7.2
7.6
7.3
5.6
4.1
2.9
2.8
2.1
1.7
1.2
0.8
0.3
0.2
0.2
0.2
-0.4
-2.0
-3.7
-5.4
-5.7
-5.1
-4.0
-2.7
-1.7
-1.3
-1.6
-1.9
-1.2
0.6
2.8
4.9
6.0
5.5
3.8
1.4
-0.8

86,163
86,509
86,951
87,205
87,481
87,618
87,954
88,391
88,674
88,811
89,054
89,480
89,418
89,790
90,108
90,214
90,296
90,323
90,480
90,574
90,669
90,800
90,879
90,991
90,846
90,415
90,095
89,832
90,092
90,205
90,485
90,741
90,936
91,031
91,098
91,202
91,276
91,286
91,482
91,594
91,558
91,471
91,371
91,162
90,884

85,524
86,044
86,541
86,888
87,212
87,435
87,684
87,988
88,340
88,625
88,846
89,115
89,317
89,563
89,772
90,037
90,206
90,278
90,366
90,459
90,574
90,681
90,783
90,890
90,905
90,751
90,452
90,114
90,006
90,043
90,261
90,477
90,721
90,903
91,022
91,110
91,192
91,255
91,348
91,454
91,545
91,541
91,467
91,335
91,139

5.1
5.3
5.4
5.4
5.3
5.2
5.1
5.0
5.0
5.0
5.0
4.8
4.4
4.1
3.7
3.6
3.4
3.3
3.1
2.8
2.5
2.3
2.2
2.0
1.8
1.3
0.8
0.1
-0.2
-0.3
-0.1
0.0
0.2
0.2
0.3
0.2
0.3
0.6
1.0
1.5
1.7
1.7
1.3
0.9
0.5

4,497.4
4,498.1
4,523.8
4,532.9
4,552.5
4,563.9
4,588.8
4,596.0
4,628.2
4,630.6
4,657.0
4,672.1
4,627.7
4,614.0
4,621.7
4,627.4
4,634.2
4,639.2
4,645.8
4,662.7
4,677.0
4,670.4
4,651.2
4,627.5
4,596.0
4,580.1
4,584.3
4,570.6
4,590.5
4,611.8
4,684.9
4,712.2
4,731.7
4,715.3
4,698.7
4,710.1
4,705.1
4,718.9
4,746.7
4,794.7
4,816.2
4,815.2
4,803.0
4,805.0
4,802.0

4,465.6
4,486.2
4,506.4
4,518.3
4,536.4
4,549.8
4,568.4
4,582.9
4,604.3
4,618.3
4,638.6
4,653.2
4,652.3
4,637.9
4,621.1
4,621.0
4,627.8
4,633.6
4,639.7
4,649.2
4,661.8
4,670.0
4,666.2
4,649.7
4,624.9
4,601.2
4,586.8
4,578.3
4,581.8
4,591.0
4,629.1
4,669.6
4,709.6
4,719.7
4,715.2
4,708.0
4,704.6
4,711.4
4,723.6
4,753.4
4,785.9
4,808.7
4,811.5
4,807.7
4,803.3

6.4
6.2
6.1
5.9
5.9
5.7
5.3
4.8
4.4
4.5
4.8
4.9
4.2
3.4
2.5
2.3
2.0
1.8
1.6
1.4
1.2
1.1
0.6
-0.1
-0.6
-0.8
-0.7
-0.9
-1.0
-0.9
-0.2
0.4
1.0
1.1
1.1
1.3
1.7
2.4
3.0
3.8
4.5
4.7
3.9
3.0
2.0

-2.7
-3.0
-3.0
-2.8
-3.7
-4.5
-5.5
-6.3
-6.8
-7.0
-6.8
-6.4
-4.8
-4.2
-3.3
-3.0
-1.4
0.0
1.4
3.0
5.0
7.0
8.5
9.7
10.4
11.3
11.6
11.7
11.3
10.9
10.3
9.4
8.0
6.7
5.8
5.4
4.4
3.5
2.7
2.2
1.7
1.2
0.7
0.3
0.2

90,557
90,551
90,422
90,141
90,096
89,853
89,510
89,352
89,171
88,894
88,770
88,756
88,981
88,903
89,076
89,352
89,629
90,007
90,425
90,117
91,231
91,502
91,854
92,210
92,657
93,136
93,411
93,774
94,082
94,461
94,773
95,014
95,325
95,611
95,960
96,087
96,353
96,477
96,823
97,018
97,292
97,437
97,626
97,819
98,023

90,868
90,664
90,510
90,371
90,220
90,030
89,820
89,572
89,344
89,139
88,945
88,807
88,836
88,880
88,987
89,110
89,352
89,663
90,020
90,183
90,591
90,950
91,529
91,855
92,240
92,668
93,068
93,440
93,756
94,106
94,439
94,749
95,037
95,317
95,632
95,886
96,133
96,306
96,551
96,773
97,044
97,249
97,452
97,627
97,823

0.0
-0.4
-0.7
-0.9
-1.1
-1.4
-1.8
-2.2
-2.4
-2.5
-2.6
-2.6
-2.2
-2.0
-1.7
-1.4
-1.0
-0.4
0.2
0.7
1.4
2.0
2.9
3.4
3.8
4.3
4.6
4.9
4.9
5.0
4.9
5.1
4.9
4.8
4.5
4.4
4.2
3.9
3.7
3.6
3.5
3.3
3.2
3.0
2.9

4,787.9
4,804.9
4,800.2
4,827.1
4,828.2
4,806.9
4,793.6
4,799.3
4,790.5
4,786.1
4,790.0
4,818.9
4,817.6
4,817.5
4,836.1
4,842.1
4,871.3
4,877.6
4,907.5
4,908.7
4,944.3
5,001.6
5,033.8
5,081.2
5,104.1
5,142.6
5,176.3
5,212.6
5,227.5
5,271.9
5,288.5
5,326.3
5,375.7
5,352.7
5,381.8
5,407.7
5,402.7
5,407.4
5,431.7
5,422.7
5,431.2
5,452.3
5,451.4
5,460.7
5,486.4

4,798.3
4,798.3
4,797.7
4,810.7
4,818.5
4,820.7
4,809.6
4,799.9
4,794.5
4,792.0
4,788.9
4,798.3
4,808.8
4,818.0
4,823.7
4,831.9
4,849.8
4,863.7
4,885.5
4,897.9
4,920.2
4,951.5
4,993.2
5,038.9
5,073.0
5,109.3
5,141.0
5,177.2
5,205.5
5,237.3
5,262.6
5,295.6
5,330.2
5,351.6
5,370.1
5,380.7
5,397.4
5,405.9
5,413.9
5,420.6
5,428.5
5,435.4
5,445.0
5,454.8
5,466.2

1.7
1.8
1.9
2.3
2.3
2.1
1.2
0.3
-0.3
-0.4
-0.4
-0.1
0.2
0.4
0.5
0.4
0.7
0.9
1.6
2.0
2.6
3.3
4.3
5.0
5.5
6.0
6.6
7.1
7.3
7.7
7.7
8.1
8.3
8.1
7.5
6.8
6.4
5.8
5.3
4.7
4.3
3.8
3.5
3.0
2.6

0.5
0.6
0.8
1.4
1.5
1.1
0.5
0.4
0.4
0.7
0.8
1.0
1.0
1.2
1.5
1.2
1.6
2.3
3.4
4.0
4.7
5.2
5.9
6.2
6.9
7.3
7.5
7.5
7.3
7.1
6.8
6.5
6.2
5.6
5.1
4.7
4.0
3.5
3.0
2.9
2.7
2.4
2.0
1.6
1.2

98,210
98,419
98,587
98,710
98,817
98,910
99,098
99,223
99,130
99,448
99,561
99,907
100,094
100,280
100,484
100,683
100,915
101,164
101,502
101,728
101,900
102,247
102,418
102,646
103,138
103,370
103,664
103,758
104,211
104,487
104,732
104,961
105,324
105,546
105,670
106,009
106,277
106,616
106,906
107,168
107,426
107,619
107,792
107,910
108,026

98,017
98,217
98,405
98,572
98,705
98,812
98,942
99,077
99,150
99,267
99,380
99,639
99,854
100,094
100,286
100,482
100,694
100,921
101,194
101,465
101,710
101,958
102,188
102,437
102,734
103,051
103,391
103,597
103,878
104,152
104,477
104,727
105,006
105,277
105,513
105,742
105,985
106,301
106,600
106,897
107,167
107,404
107,612
107,774
107,909

2.8
2.7
2.6
2.5
2.5
2.3
2.2
2.1
2.0
1.9
1.8
1.9
1.9
1.9
1.9
1.9
2.0
2.1
2.3
2.4
2.6
2.7
2.8
2.8
2.9
3.0
3.1
3.1
3.2
3.2
3.2
3.2
3.2
3.3
3.3
3.2
3.2
3.2
3.1
3.2
3.2
3.1
3.0
2.9
2.8

5,516.0
5,528.4
5,566.6
5,543.3
5,572.2
5,624.9
5,644.4
5,650.6
5,654.5
5,676.2
5,701.0
5,709.5
5,712.9
5,728.2
5,753.1
5,740.8
5,761.9
5,779.2
5,776.9
5,807.9
5,812.0
5,834.8
5,873.0
5,879.9
5,920.0
5,951.8
6,023.5
5,994.2
6,021.5
6,025.1
6,050.3
6,056.4
6,079.9
6,110.7
6,126.4
6,137.5
6,176.0
6,176.4
6,215.1
6,260.3
6,280.5
6,306.3
6,287.9
6,258.7
6,274.3

5,487.7
5,510.3
5,537.0
5,546.1
5,560.7
5,580.1
5,613.8
5,640.0
5,649.8
5,660.4
5,677.2
5,695.6
5,707.8
5,716.9
5,731.4
5,740.7
5,751.9
5,760.6
5,772.7
5,788.0
5,798.9
5,818.2
5,839.9
5,862.6
5,891.0
5,917.2
5,965.1
5,989.8
6,013.1
6,013.6
6,032.3
6,043.9
6,062.2
6,082.3
6,105.7
6,124.9
6,146.6
6,163.3
6,189.2
6,217.3
6,252.0
6,282.4
6,291.6
6,284.3
6,273.6

2.5
2.6
2.9
2.8
2.9
3.1
3.6
3.9
3.9
4.0
4.1
4.2
4.0
3.7
3.5
3.5
3.4
3.2
2.8
2.6
2.6
2.8
2.9
2.9
3.2
3.5
4.1
4.3
4.5
4.4
4.5
4.4
4.5
4.5
4.6
4.5
4.3
4.2
3.8
3.8
4.0
4.5
4.3
4.0
3.5

0.6
0.4
0.1
0.1
-0.1
-0.2
-0.4
-0.2
0.1
0.6
0.9
1.3
1.9
2.1
2.4
2.1
1.5
0.3
-0.6
-1.5
-2.3
-3.0
-3.0
-2.5
-2.0
-1.8
-1.5
-1.2
-0.4
0.3
0.7
1.2
2.0
3.1
3.6
3.3
3.0
2.8
2.6
2.5
2.7
3.5
4.2
4.6
4.6

108,066
108,115
108,365
108,476
108,753
108,849
109,183
109,432
109,647
109,688
109,838
109,863
109,833
109,613
109,525
109,366
109,216
109,160
109,039
108,735
108,577
108,367
108,240
108,338
108,302
108,308
108,340
108,356
108,299
108,324
108,378
108,313
108,368
108,527
108,654
108,721
108,790
108,930
108,966
109,145
109,284
109,494
109,805
110,047
109,998

108,001
108,069
108,182
108,319
108,531
108,693
108,928
109,155
109,421
109,589
109,724
109,796
109,845
109,770
109,657
109,501
109,369
109,247
109,138
108,978
108,784
108,560
108,395
108,315
108,293
108,316
108,317
108,335
108,332
108,326
108,334
108,338
108,353
108,403
108,516
108,634
108,722
108,814
108,895
109,014
109,132
109,308
109,528
109,782
109,950

2.6
2.4
2.3
2.2
2.1
2.0
1.9
1.9
1.9
1.8
1.8
1.7
1.7
1.6
1.4
1.1
0.8
0.5
0.2
-0.2
-0.6
-0.9
-1.2
-1.3
-1.4
-1.3
-1.2
-1.1
-0.9
-0.8
-0.7
-0.6
-0.4
-0.1
0.1
0.3
0.4
0.5
0.5
0.6
0.7
0.9
1.1
1.3
1.5

6,297.8
6,308.2
6,322.1
6,350.3
6,353.0
6,362.7
6,364.6
6,388.2
6,390.0
6,427.1
6,411.6
6,423.6
6,448.2
6,407.5
6,398.9
6,335.9
6,332.5
6,357.3
6,290.5
6,290.4
6,293.7
6,305.8
6,302.2
6,337.4
6,321.8
6,328.2
6,345.7
6,333.2
6,351.3
6,395.5
6,418.0
6,457.7
6,464.3
6,483.2
6,519.1
6,548.7
6,538.9
6,563.4
6,528.0
6,490.6
6,512.2
6,778.0
6,564.2
6,593.3
6,567.0

6,276.9
6,293.4
6,309.4
6,326.9
6,341.8
6,355.3
6,360.1
6,371.8
6,380.9
6,401.8
6,409.6
6,420.8
6,427.8
6,426.4
6,418.2
6,380.8
6,355.8
6,341.9
6,326.8
6,312.7
6,291.5
6,296.6
6,300.6
6,315.1
6,320.5
6,329.1
6,331.9
6,335.7
6,343.4
6,360.0
6,388.3
6,423.7
6,446.7
6,468.4
6,488.9
6,517.0
6,535.6
6,550.3
6,543.4
6,527.3
6,510.3
6,593.6
6,618.1
6,645.2
6,574.8

3.2
3.1
3.0
2.9
2.9
2.7
2.3
1.9
1.6
1.8
2.0
2.3
2.4
2.1
1.7
0.9
0.2
-0.2
-0.5
-0.9
-1.4
-1.6
-1.7
-1.6
-1.7
-1.5
-1.3
-0.7
-0.2
0.3
1.0
1.8
2.5
2.7
3.0
3.2
3.4
3.5
3.3
3.0
2.6
3.7
3.6
3.4
2.0

4.0
3.3
3.0
2.6
2.5
2.6
2.9
3.0
3.1
3.2
3.2
3.4
3.8
4.5
5.1
5.5
5.8
5.9
6.2
6.2
6.6
6.8
6.9
6.4
5.8
5.2
4.9
4.5
4.5
4.6
4.5
4.0
3.2
2.5
2.6
2.9
3.7
4.0
4.6
5.0
5.0
5.0
4.8
5.2
5.5

110,306
110,573
110,754
111,053
111,212
111,451
111,737
111,999
112,311
112,583
112,783
113,248
113,597
113,931
114,247
114,624
114,902
115,253
115,468
115,887
116,162
116,487
116,691
116,913
117,075
117,059
117,294
117,395
117,644
117,885
118,041
118,189
118,321
118,303
118,735
119,001
119,165
119,485
119,774
120,029
120,202
120,427
120,677
120,976
121,146

110,117
110,292
110,544
110,793
111,006
111,239
111,467
111,729
112,016
112,298
112,559
112,871
113,209
113,592
113,925
114,267
114,591
114,926
115,208
115,536
115,839
116,179
116,447
116,697
116,893
117,016
117,143
117,249
117,444
117,641
117,857
118,038
118,184
118,271
118,453
118,680
118,967
119,217
119,475
119,763
120,002
120,219
120,435
120,693
120,933

1.6
1.6
1.8
1.9
2.0
2.2
2.3
2.4
2.5
2.5
2.5
2.7
2.8
3.0
3.1
3.1
3.2
3.3
3.4
3.4
3.4
3.5
3.5
3.4
3.3
3.0
2.8
2.6
2.5
2.4
2.3
2.2
2.0
1.8
1.7
1.7
1.8
1.9
2.0
2.1
2.2
2.2
2.2
2.2
2.3

6,624.6
6,625.6
6,606.4
6,624.4
6,635.6
6,618.4
6,589.0
6,608.9
6,866.0
6,701.3
6,711.9
6,733.8
6,804.4
6,828.3
6,815.7
6,833.8
6,842.6
6,874.2
6,927.7
6,922.8
6,951.4
6,978.0
6,993.8
7,009.4
7,018.0
7,017.0
7,048.7
7,071.1
7,084.5
7,117.8
7,139.9
7,171.2
7,178.0
7,186.9
7,249.2
7,271.3
7,286.1
7,324.5
7,378.7
7,370.7
7,401.4
7,430.4
7,436.4
7,462.8
7,496.1

6,595.0
6,605.7
6,618.9
6,618.8
6,622.1
6,626.1
6,614.3
6,605.4
6,688.0
6,725.4
6,759.7
6,715.7
6,750.0
6,788.8
6,816.1
6,825.9
6,830.7
6,850.2
6,881.5
6,908.2
6,934.0
6,950.7
6,974.4
6,993.7
7,007.1
7,014.8
7,027.9
7,045.6
7,068.1
7,091.1
7,114.1
7,143.0
7,163.0
7,178.7
7,204.7
7,235.8
7,268.9
7,294.0
7,329.8
7,358.0
7,383.6
7,400.8
7,422.7
7,443.2
7,465.1

2.0
1.8
1.6
1.3
1.1
1.3
1.3
1.5
1.4
1.6
1.7
2.1
2.4
2.8
3.0
3.1
3.1
3.4
4.0
4.6
3.7
3.4
3.2
4.1
3.8
3.3
3.1
3.2
3.5
3.5
3.4
3.4
3.3
3.3
3.3
3.5
3.7
4.0
4.3
4.4
4.5
4.4
4.3
4.2
4.2

6.2
6.4
6.9
6.7
6.7
6.2
6.4
6.8
7.4
8.0
8.4
8.7
8.7
8.3
7.8
7.3
7.2
6.9
6.1
5.6
5.2
5.1
4.4
3.9
3.6
3.7
3.9
4.0
4.0
4.2
4.7
4.7
4.4
3.9
4.3
4.8
5.1
5.0
4.9
5.1
5.2
5.2
4.9
4.4
4.2

121,382
121,684
122,000
122,293
122,551
122,818
123,131
123,092
123,604
123,945
124,251
124,554
124,830
125,026
125,177
125,456
125,862
126,080
126,204
126,551
126,775
126,971
127,254
127,601
127,726
128,137
128,244
128,619
128,831
129,092
129,411
129,578
129,791
130,192
130,483
130,778
131,008
131,138
131,606
131,893
132,119
132,074
132,251
132,237
132,371

121,168
121,404
121,689
121,992
122,281
122,554
122,833
123,014
123,276
123,547
123,933
124,250
124,545
124,803
125,011
125,220
125,498
125,799
126,049
126,278
126,510
126,766
127,000
127,275
127,527
127,821
128,036
128,333
128,565
128,847
129,111
129,360
129,593
129,854
130,155
130,484
130,756
130,975
131,251
131,546
131,873
132,029
132,148
132,187
132,286

2.4
2.5
2.5
2.5
2.6
2.6
2.6
2.5
2.5
2.6
2.7
2.7
2.8
2.8
2.7
2.6
2.6
2.6
2.6
2.7
2.6
2.6
2.5
2.4
2.4
2.4
2.4
2.5
2.4
2.4
2.4
2.4
2.4
2.4
2.5
2.5
2.5
2.5
2.5
2.5
2.6
2.5
2.4
2.2
2.1

7,531.4
7,568.3
7,603.8
7,614.8
7,654.8
7,684.0
7,724.9
7,773.7
7,801.0
7,846.8
7,907.5
7,954.9
8,034.7
8,094.9
8,147.2
8,183.6
8,227.6
8,278.0
8,300.4
8,337.1
8,366.5
8,386.5
8,426.9
8,443.7
8,455.0
8,492.2
8,499.1
8,494.8
8,516.6
8,547.7
8,565.3
8,603.5
8,603.9
8,666.6
8,740.6
8,821.8
8,923.0
8,963.6
8,991.3
9,027.1
9,031.0
9,069.9
9,122.4
9,163.1
9,161.8

7,496.8
7,531.9
7,567.8
7,595.6
7,624.5
7,651.2
7,687.9
7,727.5
7,766.5
7,807.2
7,851.8
7,903.1
7,965.7
8,028.2
8,092.3
8,141.9
8,186.1
8,229.7
8,268.7
8,305.2
8,334.7
8,363.4
8,393.3
8,419.0
8,441.9
8,463.6
8,482.1
8,495.4
8,503.5
8,519.7
8,543.2
8,572.2
8,590.9
8,624.7
8,670.4
8,743.0
8,828.5
8,902.8
8,959.3
8,994.0
9,016.5
9,042.7
9,074.4
9,118.5
9,149.1

4.4
4.5
4.6
4.5
4.5
4.4
4.5
4.7
4.9
5.2
5.5
5.9
6.3
6.6
6.9
7.2
7.4
7.6
7.6
7.5
7.3
7.1
6.9
6.5
6.0
5.4
4.8
4.3
3.9
3.5
3.3
3.2
3.1
3.1
3.3
3.8
4.6
5.2
5.6
5.9
6.0
6.1
6.2
6.4
6.5

3.6
3.1
2.1
1.3
0.4
-0.5
-1.4
-2.2
-3.1
-3.8
-4.1
-4.4
-4.6
-5.1
-5.2
-4.9
-4.2
-3.2
-2.4
-1.5
-0.3
0.7
1.4
1.8
2.0
2.6
2.9
3.1
3.1
2.8
2.2
1.3
0.5
0.3
0.1
0.5
0.7
1.1
1.4
1.5
1.5
1.3
1.7
2.2
2.6

132,357
132,582
132,724
132,694
132,766
132,741
132,460
132,422
132,293
132,178
132,020
131,778
131,454
131,160
130,989
130,847
130,714
130,695
130,615
130,607
130,664
130,579
130,564
130,504
130,629
130,639
130,481
130,575
130,422
130,212
130,167
130,156
130,166
130,189
130,148
130,250
130,446
130,462
130,586
130,747
130,791
131,123
131,372
131,679
131,753

132,322
132,437
132,554
132,667
132,728
132,734
132,656
132,541
132,392
132,298
132,164
131,992
131,751
131,464
131,201
130,999
130,850
130,752
130,675
130,639
130,629
130,617
130,602
130,549
130,566
130,591
130,583
130,565
130,493
130,403
130,267
130,178
130,163
130,170
130,168
130,196
130,281
130,386
130,498
130,598
130,708
130,887
131,095
131,391
131,601

1.9
1.8
1.6
1.5
1.3
1.1
0.8
0.5
0.3
0.1
0.0
-0.2
-0.4
-0.7
-1.0
-1.3
-1.4
-1.5
-1.5
-1.4
-1.3
-1.3
-1.2
-1.1
-0.9
-0.7
-0.5
-0.3
-0.3
-0.3
-0.3
-0.4
-0.4
-0.3
-0.3
-0.3
-0.2
-0.2
-0.1
0.0
0.2
0.4
0.6
0.9
1.1

9,176.6
9,178.1
9,174.1
9,222.3
9,249.3
9,277.8
9,238.5
9,205.9
9,190.8
9,189.9
9,190.8
9,190.9
9,158.9
9,163.4
9,170.6
9,172.2
9,169.6
9,159.2
9,150.5
9,164.8
9,187.0
9,154.9
9,148.8
9,144.9
9,159.2
9,174.1
9,184.0
9,162.7
9,138.0
9,159.2
9,206.7
9,282.9
9,315.6
9,321.0
9,330.5
9,342.8
9,399.9
9,474.4
9,473.9
9,458.7
9,462.0
9,493.3
9,527.1
9,585.6
9,594.1

9,167.2
9,172.2
9,176.3
9,191.5
9,215.2
9,249.8
9,255.2
9,240.7
9,211.7
9,195.5
9,190.5
9,190.5
9,180.2
9,171.1
9,164.3
9,168.7
9,170.8
9,167.0
9,159.8
9,158.2
9,167.4
9,168.9
9,163.6
9,149.5
9,151.0
9,159.4
9,172.4
9,173.6
9,161.6
9,153.3
9,168.0
9,216.3
9,268.4
9,306.5
9,322.4
9,331.4
9,357.7
9,405.7
9,449.4
9,469.0
9,464.9
9,471.3
9,494.1
9,535.3
9,568.9

6.3
5.8
5.0
4.1
3.5
3.2
2.9
2.5
1.9
1.3
0.8
0.5
0.1
0.0
-0.1
-0.2
-0.5
-0.9
-1.0
-0.9
-0.5
-0.3
-0.3
-0.4
-0.3
-0.1
0.1
0.1
-0.1
-0.1
0.1
0.6
1.1
1.5
1.7
2.0
2.3
2.7
3.0
3.2
3.3
3.5
3.6
3.5
3.2

2.6
2.5
2.5
2.7
2.6
3.0
3.2
3.6
3.9
4.0
3.8
4.0
3.8
3.9
2.9
2.4
2.1
2.5
2.5
2.2
1.9
1.9
2.0
2.0
2.0
2.2
2.9
3.1
2.9
2.2
1.8
2.0
2.2
2.6
2.8
2.8
2.8
2.5
2.6
2.5
2.8
2.5
2.5
1.8
1.3

131,785
131,917
132,079
132,425
132,490
132,619
132,753
132,992
133,126
133,489
133,664
133,909
134,282
134,478
134,545
134,629
134,966
135,125
135,402
135,717
135,997
136,179
136,202
136,279
136,486
136,670
136,827
136,829
137,039
137,210
137,448
137,536
137,724
137,802
137,946
138,017
137,984
137,968
138,053
138,135
138,253
138,350
138,365
138,279
138,199

131,739
131,818
131,927
132,140
132,331
132,511
132,621
132,788
132,957
133,202
133,426
133,687
133,952
134,223
134,435
134,551
134,713
134,907
135,164
135,415
135,705
135,964
136,126
136,220
136,322
136,478
136,661
136,775
136,898
137,026
137,232
137,398
137,569
137,687
137,824
137,922
137,982
137,990
138,002
138,052
138,147
138,246
138,323
138,331
138,281

1.2
1.3
1.3
1.4
1.5
1.5
1.5
1.6
1.6
1.6
1.5
1.6
1.7
1.8
1.9
1.8
1.8
1.8
1.9
2.0
2.1
2.1
2.0
1.9
1.8
1.7
1.7
1.7
1.6
1.6
1.5
1.5
1.4
1.3
1.2
1.2
1.2
1.1
1.0
0.9
0.9
0.9
0.8
0.7
0.5

9,639.5
9,661.2
9,676.6
9,687.9
9,664.4
10,028.3
9,724.8
9,725.0
9,758.0
9,775.2
9,821.4
9,862.1
9,905.6
9,903.1
9,864.0
9,925.5
10,002.2
10,068.9
10,193.3
10,264.1
10,288.6
10,285.8
10,268.0
10,288.8
10,275.1
10,269.8
10,346.8
10,426.6
10,479.3
10,507.3
10,497.8
10,532.9
10,575.1
10,587.0
10,583.2
10,578.6
10,592.8
10,592.2
10,613.4
10,592.9
10,588.6
10,622.1
10,637.3
10,657.5
10,673.2

9,606.4
9,631.6
9,659.1
9,675.2
9,676.3
9,793.5
9,805.8
9,826.0
9,735.9
9,752.7
9,784.9
9,819.6
9,863.0
9,890.3
9,890.9
9,897.5
9,930.6
9,998.9
10,088.1
10,175.4
10,248.7
10,279.5
10,280.8
10,280.9
10,277.3
10,277.9
10,297.2
10,347.7
10,417.6
10,471.1
10,494.8
10,512.7
10,535.3
10,565.0
10,581.8
10,582.9
10,584.9
10,587.9
10,599.5
10,599.5
10,598.3
10,601.2
10,616.0
10,639.0
10,656.0

3.2
3.3
3.5
3.4
2.9
3.6
3.6
3.8
2.8
2.7
2.6
2.6
2.7
2.7
2.4
2.3
2.6
2.1
2.9
3.6
5.3
5.4
5.1
4.7
4.2
3.9
4.1
4.5
4.9
4.7
4.0
3.3
2.8
2.8
2.9
2.9
3.0
3.0
2.9
2.4
1.7
1.2
1.2
1.2
1.1

0.2
-0.6
-1.4
-1.8
-2.5
-4.7
-6.2
-7.9
-8.9
-10.9
-12.5
-13.6
-14.1
-14.7
-14.9
-14.7
-13.5
-10.8
-8.7
-6.8
-5.4
-2.7
-0.2
2.1
3.6
5.7
7.2
8.1
7.9
7.2
6.5
6.0
5.9
5.6
5.1
4.5
4.0
3.3
2.6
2.1
2.2
2.2
2.5
2.7
2.8

137,985
137,803
137,631
137,421
137,162
136,710
136,236
135,471
134,774
133,976
133,275
132,449
131,765
131,411
130,944
130,617
130,401
130,174
129,976
129,970
129,687
129,717
129,649
129,810
130,057
130,575
130,445
130,381
130,342
130,293
130,541
130,662
130,751
130,826
130,993
131,199
131,520
131,623
131,808
131,925
132,053
132,276
132,459
132,605
132,831

138,154
137,996
137,806
137,618
137,405
137,098
136,703
136,139
135,494
134,740
134,008
133,233
132,496
131,875
131,373
130,991
130,654
130,397
130,184
130,040
129,878
129,791
129,684
129,725
129,839
130,147
130,359
130,467
130,389
130,339
130,392
130,499
130,651
130,746
130,857
131,006
131,237
131,447
131,650
131,785
131,929
132,085
132,263
132,447
132,632

0.3
0.1
-0.1
-0.3
-0.4
-0.7
-1.0
-1.5
-2.0
-2.6
-3.1
-3.7
-4.1
-4.4
-4.7
-4.8
-4.9
-4.9
-4.8
-4.5
-4.1
-3.7
-3.2
-2.6
-2.0
-1.3
-0.8
-0.4
-0.2
0.0
0.2
0.4
0.6
0.7
0.9
1.0
1.1
1.0
1.0
1.0
1.2
1.3
1.4
1.5
1.5

10,607.4
10,561.8
10,494.9
10,453.9
10,483.8
10,465.3
10,497.9
10,529.2
10,420.7
10,227.5
10,077.7
10,010.8
9,999.9
10,001.6
9,933.1
9,894.2
9,860.4
9,838.9
9,830.2
9,847.9
9,864.2
9,823.1
9,791.4
9,810.5
9,906.0
9,991.4
10,000.3
10,027.4
10,042.4
10,043.7
10,083.4
10,120.3
10,207.6
10,377.5
10,420.3
10,407.3
10,388.8
10,389.2
10,458.7
10,522.8
10,517.9
10,491.8
10,492.2
10,478.9
10,574.4

10,646.0
10,614.1
10,554.7
10,503.5
10,477.5
10,467.7
10,482.3
10,497.5
10,482.6
10,392.5
10,242.0
10,105.3
10,029.5
10,004.1
9,978.2
9,943.0
9,895.9
9,864.5
9,843.2
9,839.0
9,847.4
9,845.1
9,826.2
9,808.3
9,836.0
9,902.6
9,965.9
10,006.4
10,023.4
10,037.8
10,056.5
10,082.5
10,137.1
10,235.1
10,335.1
10,401.7
10,405.5
10,395.1
10,412.2
10,456.9
10,499.8
10,510.8
10,500.6
10,487.6
10,515.2

0.8
0.3
-0.3
-0.8
-1.0
-1.2
-1.1
-1.0
-1.1
-2.1
-3.7
-5.2
-5.8
-5.7
-5.5
-5.3
-5.6
-5.8
-6.1
-6.3
-6.1
-5.3
-4.1
-2.9
-1.9
-1.0
-0.1
0.6
1.3
1.8
2.2
2.5
2.9
4.0
5.2
6.0
5.8
5.0
4.5
4.5
4.8
4.7
4.4
4.0
3.7

2.9
3.2
3.2
3.4
3.3
3.6
3.4
2.8
2.5
2.0
2.1
2.1
2.0
1.7
1.8
1.9
1.8
1.6
1.4
1.6
2.0
2.5
2.5
2.4
2.2
2.3
2.5
3.0
3.3
3.6
4.1
4.2
4.2
4.0
4.3
4.4
4.6
4.2
3.4
2.6
2.0
1.5
1.2
1.2
1.1

133,211
133,458
133,674
133,761
133,874
133,909
134,086
134,274
134,418
134,631
134,795
135,088
135,293
135,607
135,722
135,909
136,128
136,255
136,419
136,675
136,825
137,050
137,367
137,476
137,574
137,742
138,014
138,324
138,537
138,843
139,075
139,293
139,579
139,779
140,110
140,402
140,623
140,888
140,972
141,223
141,496
141,724
142,001
142,151
142,300

132,882
133,167
133,448
133,631
133,770
133,848
133,956
134,090
134,259
134,441
134,615
134,838
135,059
135,329
135,541
135,746
135,920
136,097
136,267
136,450
136,640
136,850
137,081
137,298
137,472
137,597
137,777
138,027
138,292
138,568
138,818
139,070
139,316
139,550
139,823
140,097
140,378
140,638
140,828
141,028
141,230
141,481
141,740
141,959
142,151

1.6
1.8
1.9
1.8
1.8
1.7
1.6
1.6
1.6
1.6
1.6
1.7
1.6
1.6
1.6
1.6
1.6
1.7
1.7
1.8
1.8
1.8
1.8
1.8
1.8
1.7
1.6
1.7
1.7
1.8
1.9
1.9
2.0
2.0
2.0
2.0
2.1
2.2
2.2
2.2
2.1
2.1
2.1
2.1
2.0

10,660.9
10,738.4
10,768.5
10,798.9
10,806.8
10,834.8
10,806.0
10,802.8
10,863.7
10,943.9
11,113.9
11,446.6
10,693.9
10,718.3
10,739.9
10,779.9
10,832.8
10,851.2
10,831.0
10,858.2
10,888.1
10,856.9
10,904.9
10,912.9
10,965.7
11,025.3
11,060.1
11,069.9
11,080.7
11,116.6
11,128.2
11,174.9
11,190.5
11,251.3
11,338.8
11,396.9
11,453.9
11,466.7
11,422.4
11,502.1
11,544.0
11,580.3
11,619.2
11,661.9
11,690.1

10,571.4
10,657.9
10,722.6
10,768.6
10,791.4
10,813.5
10,815.9
10,814.5
10,824.2
10,870.1
10,973.8
11,168.1
11,084.8
10,952.9
10,717.4
10,746.0
10,784.2
10,821.3
10,838.3
10,846.8
10,859.1
10,867.7
10,883.3
10,891.6
10,927.8
10,968.0
11,017.0
11,051.8
11,070.2
11,089.1
11,108.5
11,139.9
11,164.5
11,205.6
11,260.2
11,329.0
11,396.5
11,439.2
11,447.7
11,463.7
11,489.5
11,542.1
11,581.2
11,620.5
11,657.1

3.3
3.1
3.1
3.5
3.8
3.9
3.4
3.0
3.0
3.5
4.6
6.2
4.9
2.8
0.0
-0.2
-0.1
0.1
0.2
0.3
0.3
0.0
-0.8
-2.5
-1.4
0.1
2.8
2.8
2.7
2.5
2.5
2.7
2.8
3.1
3.5
4.0
4.3
4.3
3.9
3.7
3.8
4.1
4.3
4.3
4.4

0.9
0.1
-0.8
-1.2

e www.nber.org.

142,595
142,875
143,137
143,288

142,349
142,590
142,869
143,100

2.0
2.0
2.0
1.9

11,725.2
11,748.8
11,782.3

11,692.4
11,721.4
11,752.1

4.3
4.1
3.7

Transfer Payments

ic Analysis

Real Business Sales


Millions of 2009 Dollars
Source: Bureau of Economic Analysis

Real Business
Sales Sales (3MMA) % Y/Y

333,864
332,582
334,991
334,772
334,498
336,982
334,805
339,302
340,500
338,137
347,245
354,966
351,406
350,298
352,905
352,205
354,673
357,181
360,590
354,442
359,403
364,270
367,411
364,004
364,013
364,580
365,921
367,503
367,249
367,039
367,143
371,126
372,917
377,230
372,008
371,322
366,642
366,968
362,679
360,846
364,766
366,227
366,617
366,448
365,812

333,864
333,223
333,812
334,115
334,754
335,417
335,428
337,030
338,202
339,313
341,961
346,783
351,206
352,223
351,536
351,803
353,261
354,686
357,481
357,404
358,145
359,372
363,695
365,228
365,143
364,199
364,838
366,001
366,891
367,264
367,144
368,436
370,395
373,758
374,052
373,520
369,991
368,311
365,430
363,498
362,764
363,946
365,870
366,431
366,292

5.2
5.7
5.3
5.3
5.5
5.7
6.6
6.0
5.9
5.9
6.4
5.3
4.0
3.4
3.8
4.0
3.9
3.5
2.7
3.1
3.4
4.0
2.8
2.3
1.3
1.1
0.2
-0.7
-1.1
-0.9
-0.3
-0.5
-1.1

362,006
355,930
367,225
370,823
372,894
374,441
376,477
378,316
383,511
379,094
381,477
384,912
385,178
391,690
395,347
399,527
395,214
402,536
405,271
407,767
409,546
407,003
416,759
423,927
429,778
438,000
443,841
449,495
450,197
448,399
446,544
445,113
444,224
450,278
440,973
444,017
455,407
462,773
456,579
456,991
454,748
456,286
452,960
454,954
453,367

364,755
361,249
361,720
364,659
370,314
372,719
374,604
376,411
379,435
380,307
381,361
381,828
383,856
387,260
390,738
395,521
396,696
399,092
401,007
405,191
407,528
408,105
411,103
415,896
423,488
430,568
437,206
443,779
447,844
449,364
448,380
446,685
445,294
446,538
445,158
445,089
446,799
454,066
458,253
458,781
456,106
456,008
454,665
454,733
453,760

-2.4
-3.4
-3.2
-1.4
0.5
2.0
3.1
3.8
4.3
3.9
4.1
4.2
5.2
7.2
8.0
8.5
7.1
7.1
7.0
7.6
7.4
7.3
7.8
8.9
10.3
11.2
11.9
12.2
12.9
12.6
11.8
10.2
9.3
9.4
8.3
7.0
5.5
5.5
4.8
3.4
1.8
1.5
1.4
1.8
1.9

452,329
447,942
444,147
436,542
431,871
419,211
418,159
415,456
402,977
407,014
406,920
410,579
412,618
417,459
418,458
418,969
418,355
422,786
433,254
435,156
438,446
440,543
440,056
445,465
445,776
447,316
448,611
443,317
450,688
462,363
459,348
465,594
471,226
470,656
470,953
475,201
476,495
477,282
479,035
482,623
484,828
491,253
476,213
487,134
492,026

453,550
451,213
448,139
442,877
437,520
429,208
423,080
417,609
412,197
408,482
405,637
408,171
410,039
413,552
416,178
418,295
418,594
420,037
424,798
430,399
435,619
438,048
439,682
442,021
443,766
446,186
447,234
446,415
447,539
452,123
457,466
462,435
465,389
469,159
470,945
472,270
474,216
476,326
477,604
479,647
482,162
486,235
484,098
484,867
485,124

1.6
1.4
0.7
-0.9
-3.6
-6.3
-7.8
-8.4
-9.6
-10.2
-10.8
-10.0
-9.6
-8.3
-7.1
-5.6
-4.3
-2.1
0.4
3.1
5.7
7.2
8.4
8.3
8.2
7.9
7.5
6.7
6.9
7.6
7.7
7.4
6.8
7.1
7.1
6.8
6.9
6.8
6.8
7.4
7.7
7.5
5.8
4.9
4.2

506,932
506,450
509,258
505,062
511,649
510,481
515,035
517,267
520,036
514,347
511,916
526,731
512,520
523,866
518,518
517,861
518,761
515,832
514,291
514,486
512,983
517,326
512,460
500,791
490,071
483,796
482,404
488,491
492,012
502,375
512,867
513,208
514,475
517,607
515,474
510,148
510,433
506,823
505,486
506,648
504,619
501,148
494,338
490,516
484,166

495,364
501,803
507,547
506,923
508,656
509,064
512,388
514,261
517,446
517,217
515,433
517,665
517,056
521,039
518,301
520,082
518,380
517,485
516,295
514,870
513,920
514,932
514,256
510,192
501,107
491,553
485,424
484,897
487,636
494,293
502,418
509,483
513,517
515,097
515,852
514,410
512,018
509,135
507,581
506,319
505,584
504,138
500,035
495,334
489,673

5.6
6.6
7.5
6.9
6.8
6.6
6.8
6.7
6.4
6.8
6.3
6.7
4.4
3.8
2.1
2.6
1.9
1.7
0.8
0.1
-0.7
-0.4
-0.2
-1.4
-3.1
-5.7
-6.3
-6.8
-5.9
-4.5
-2.7
-1.0
-0.1
0.0
0.3
0.8
2.2
3.6
4.6
4.4
3.7
2.0
-0.5
-2.8
-4.6

481,619
489,307
489,697
490,250
492,773
485,787
483,914
479,477
480,403
475,459
476,754
475,444
484,516
482,475
490,567
490,522
498,145
510,943
510,671
509,837
517,639
523,311
528,681
538,473
541,953
541,661
542,125
545,128
549,435
554,322
551,362
551,223
550,544
552,854
557,761
558,429
557,034
558,931
563,823
563,245
569,770
560,346
561,422
571,626
573,159

485,434
485,031
486,874
489,751
490,907
489,603
487,491
483,059
481,265
478,446
477,539
475,886
478,905
480,812
485,853
487,855
493,078
499,870
506,586
510,484
512,716
516,929
523,210
530,155
536,369
540,696
541,913
542,971
545,563
549,628
551,706
552,302
551,043
551,540
553,720
556,348
557,741
558,131
559,929
562,000
565,613
564,454
563,846
564,465
568,736

-5.8
-6.0
-5.4
-4.3
-3.6
-3.5
-3.7
-4.5
-4.5
-4.3
-3.6
-2.8
-1.3
-0.9
-0.2
-0.4
0.4
2.1
3.9
5.7
6.5
8.0
9.6
11.4
12.0
12.5
11.5
11.3
10.6
10.0
8.9
8.2
7.5
6.7
5.8
4.9
4.0
3.2
3.3
3.5
3.7
2.7
2.2
2.2
3.2

567,875
572,031
568,974
577,527
574,241
574,802
586,376
580,752
584,478
587,931
588,767
602,735
594,222
592,401
604,803
585,710
606,837
607,419
605,675
604,665
607,682
612,952
610,250
616,975
616,264
614,556
619,764
618,349
625,338
635,354
631,947
633,931
640,145
637,549
637,918
640,442
645,413
647,905
656,350
657,100
649,918
646,050
651,942
649,035
647,034

570,887
571,022
569,627
572,844
573,581
575,523
578,473
580,643
583,869
584,387
587,059
593,144
595,241
596,453
597,142
594,305
599,117
599,989
606,644
605,920
606,007
608,433
610,295
613,392
614,496
615,932
616,861
617,556
621,150
626,347
630,880
633,744
635,341
637,208
638,537
638,636
641,258
644,587
649,889
653,785
654,456
651,023
649,303
649,009
649,337

3.5
3.1
2.4
2.7
2.8
2.8
2.9
2.7
3.4
3.6
4.0
4.3
4.3
4.5
4.8
3.7
4.5
4.3
4.9
4.4
3.8
4.1
4.0
3.4
3.2
3.3
3.3
3.9
3.7
4.4
4.0
4.6
4.8
4.7
4.6
4.1
4.4
4.7
5.4
5.9
5.4
3.9
2.9
2.4
2.2

640,398
656,654
652,053
645,758
651,533
653,687
648,581
658,217
662,053
654,423
659,741
661,446
657,902
664,520
652,302
649,504
641,827
635,146
630,960
634,695
631,025
643,459
648,737
645,832
654,262
651,505
654,291
654,952
652,831
644,521
657,005
658,658
661,309
665,716
659,924
666,880
675,811
665,061
674,307
677,037
678,190
688,747
690,472
689,587
685,228

645,489
648,029
649,702
651,488
649,781
650,326
651,267
653,495
656,284
658,231
658,739
658,537
659,696
661,289
658,241
655,442
647,878
642,159
635,978
633,600
632,227
636,393
641,074
646,009
649,610
650,533
653,353
653,583
654,025
650,768
651,452
653,395
658,991
661,894
662,316
664,173
667,538
669,251
671,726
672,135
676,511
681,325
685,803
689,602
688,429

1.3
1.5
1.7
1.6
0.8
0.1
-0.4
-0.1
0.8
1.4
1.5
1.4
2.2
2.0
1.3
0.6
-0.3
-1.3
-2.3
-3.0
-3.7
-3.3
-2.7
-1.9
-1.5
-1.6
-0.7
-0.3
0.9
1.3
2.4
3.1
4.2
4.0
3.3
2.8
2.8
2.9
2.8
2.8
3.4
4.7
5.3
5.5
4.5

688,768
689,859
696,237
692,868
696,419
702,620
705,621
709,241
711,484
712,294
718,809
730,778
726,929
728,688
735,377
732,154
749,443
746,198
751,893
758,518
764,214
767,591
763,272
763,002
757,292
762,869
770,222
761,116
776,535
775,586
775,991
782,343
786,051
778,205
785,236
785,627
792,657
798,688
794,922
801,200
803,950
806,408
812,721
818,733
812,837

687,861
687,952
691,621
692,988
695,175
697,302
701,553
705,827
708,782
711,006
714,196
720,627
725,505
728,798
730,331
732,073
738,991
742,598
749,178
752,203
758,208
763,441
765,026
764,622
761,189
761,054
763,461
764,736
769,291
771,079
776,037
777,973
781,462
782,200
783,164
783,023
787,840
792,324
795,422
798,270
800,024
803,853
807,693
812,621
814,764

3.9
3.9
4.1
3.8
3.9
3.8
4.4
4.3
4.0
3.7
3.6
4.7
5.5
5.9
5.6
5.6
6.3
6.5
6.8
6.6
7.0
7.4
7.1
6.1
4.9
4.4
4.5
4.5
4.1
3.8
3.6
3.4
3.1
2.5
2.4
2.4
3.5
4.1
4.2
4.4
4.0
4.3
4.1
4.5
4.3

823,900
840,042
840,871
842,808
842,727
853,518
861,915
859,947
866,149
863,693
872,977
870,517
872,158
884,007
888,507
888,917
892,269
888,601
883,849
893,188
901,547
908,554
912,572
919,192
918,227
932,062
930,482
928,953
942,728
942,620
944,097
951,552
950,147
957,822
962,461
967,665
973,830
957,324
968,167
976,522
970,616
976,860
971,360
971,131
981,268

818,490
825,593
834,938
841,240
842,135
846,351
852,720
858,460
862,670
863,263
867,606
869,062
871,884
875,561
881,557
887,144
889,898
889,929
888,240
888,546
892,861
901,096
907,558
913,439
916,664
923,160
926,924
930,499
934,054
938,100
943,148
946,090
948,599
953,174
956,810
962,649
967,985
966,273
966,440
967,338
971,768
974,666
972,945
973,117
974,586

4.6
5.4
6.6
6.8
6.3
6.4
6.8
7.3
7.3
6.9
6.8
6.7
6.5
6.1
5.6
5.5
5.7
5.1
4.2
3.5
3.5
4.4
4.6
5.1
5.1
5.4
5.1
4.9
5.0
5.4
6.2
6.5
6.2
5.8
5.4
5.4
5.6
4.7
4.3
4.0
4.0
3.9
3.2
2.9
2.7

974,326
966,963
974,625
967,525
971,790
960,803
953,215
961,671
948,846
952,418
959,677
940,545
967,071
962,196
964,791
979,234
981,258
975,249
986,973
989,251
991,362
990,668
998,966
990,892
987,628
995,574
988,954
994,553
983,275
991,919
989,477
997,656
1,006,593
1,016,212
1,011,918
1,018,477
1,020,031
1,021,749
1,020,629
1,015,940
1,021,109
1,046,552
1,035,907
1,037,416
1,036,635

975,575
974,186
971,971
969,704
971,313
966,706
961,936
958,563
954,577
954,312
953,647
950,880
955,764
956,604
964,686
968,740
975,094
978,580
981,160
983,824
989,195
990,427
993,665
993,509
992,495
991,365
990,719
993,027
988,927
989,916
988,224
993,017
997,909
1,006,820
1,011,574
1,015,536
1,016,809
1,020,086
1,020,803
1,019,439
1,019,226
1,027,867
1,034,523
1,039,958
1,036,653

2.4
1.8
1.0
0.2
0.5
0.0
-0.6
-1.4
-2.1
-1.9
-2.0
-2.4
-2.0
-1.8
-0.7
-0.1
0.4
1.2
2.0
2.6
3.6
3.8
4.2
4.5
3.8
3.6
2.7
2.5
1.4
1.2
0.7
0.9
0.9
1.7
1.8
2.2
2.4
2.9
3.0
2.7
3.1
3.8
4.7
4.7
3.9

1,040,068
1,047,541
1,052,640
1,051,835
1,055,680
1,071,023
1,075,294
1,074,561
1,067,565
1,083,776
1,081,125
1,091,532
1,090,839
1,093,851
1,088,628
1,088,698
1,100,981
1,108,901
1,113,201
1,116,601
1,118,408
1,108,367
1,116,669
1,113,571
1,111,853
1,117,624
1,113,413
1,115,989
1,117,627
1,133,244
1,126,250
1,133,579
1,134,048
1,132,031
1,140,565
1,136,101
1,133,462
1,145,652
1,146,560
1,149,913
1,147,748
1,142,148
1,146,546
1,132,020
1,116,685

1,038,040
1,041,415
1,046,750
1,050,672
1,053,385
1,059,513
1,067,332
1,073,626
1,072,473
1,075,301
1,077,489
1,085,478
1,087,832
1,092,074
1,091,106
1,090,392
1,092,769
1,099,527
1,107,694
1,112,901
1,116,070
1,114,459
1,114,481
1,112,869
1,114,031
1,114,349
1,114,297
1,115,675
1,115,676
1,122,287
1,125,707
1,131,024
1,131,292
1,133,219
1,135,548
1,136,232
1,136,709
1,138,405
1,141,891
1,147,375
1,148,074
1,146,603
1,145,481
1,140,238
1,131,750

3.1
2.9
3.1
3.3
3.3
3.8
4.7
5.3
4.3
3.9
3.6
4.7
4.8
4.9
4.2
3.8
3.7
3.8
3.8
3.7
4.1
3.6
3.4
2.5
2.4
2.0
2.1
2.3
2.1
2.1
1.6
1.6
1.4
1.7
1.9
2.1
2.0
2.2
2.5
2.8
2.9
2.2
1.8
0.8
0.0

1,131,060
1,121,551
1,119,917
1,102,264
1,091,918
1,063,957
1,052,108
1,027,024
1,021,565
1,000,331
1,004,647
985,435
978,613
977,082
974,787
990,992
990,158
990,929
994,607
1,003,005
1,007,118
1,001,232
1,008,448
1,020,195
1,027,769
1,026,468
1,034,509
1,045,441
1,047,270
1,048,330
1,049,678
1,055,097
1,056,460
1,068,298
1,053,923
1,067,366
1,059,214
1,054,557
1,066,184
1,069,062
1,076,830
1,069,947
1,081,826
1,076,850
1,084,754

1,126,588
1,123,099
1,124,176
1,114,577
1,104,700
1,086,046
1,069,328
1,047,696
1,033,566
1,016,307
1,008,848
996,804
989,565
980,377
976,827
980,954
985,312
990,693
991,898
996,180
1,001,577
1,003,785
1,005,599
1,009,958
1,018,804
1,024,811
1,029,582
1,035,473
1,042,407
1,047,014
1,048,426
1,051,035
1,053,745
1,059,952
1,059,560
1,063,196
1,060,168
1,060,379
1,059,985
1,063,268
1,070,692
1,071,946
1,076,201
1,076,208
1,081,143

-0.6
-1.1
-1.1
-1.9
-3.0
-4.9
-6.8
-8.7
-9.9
-11.3
-11.5
-11.9
-12.2
-12.7
-13.1
-12.0
-10.8
-8.8
-7.2
-4.9
-3.1
-1.2
-0.3
1.3
3.0
4.5
5.4
5.6
5.8
5.7
5.7
5.5
5.2
5.6
5.4
5.3
4.1
3.5
3.0
2.7
2.7
2.4
2.6
2.4
2.6

1,089,228
1,092,487
1,091,697
1,095,212
1,101,376
1,094,383
1,102,079
1,099,130
1,105,006
1,099,646
1,116,989
1,121,998
1,122,952
1,125,641
1,117,972
1,122,648
1,138,044
1,135,919
1,138,854
1,141,314
1,145,460
1,152,643
1,166,166
1,163,230
1,148,495
1,155,075
1,167,463
1,170,752
1,174,460
1,178,996
1,187,474
1,184,845
1,188,177
1,192,709
1,197,674
1,204,571
1,205,865
1,201,392
1,206,125
1,215,824
1,207,800
1,208,159
1,211,904
1,214,198
1,229,777

1,083,611
1,088,823
1,091,137
1,093,132
1,096,095
1,096,990
1,099,279
1,098,531
1,102,072
1,101,261
1,107,214
1,112,878
1,120,646
1,123,530
1,122,188
1,122,087
1,126,221
1,132,204
1,137,606
1,138,696
1,141,876
1,146,472
1,154,756
1,160,680
1,159,297
1,155,600
1,157,011
1,164,430
1,170,892
1,174,736
1,180,310
1,183,772
1,186,832
1,188,577
1,192,853
1,198,318
1,202,703
1,203,943
1,204,461
1,207,780
1,209,916
1,210,594
1,209,288
1,211,420
1,218,626

2.2
2.8
2.6
3.1
3.4
3.5
3.4
2.6
2.8
2.3
2.9
2.9
3.4
3.2
2.8
2.6
2.7
3.2
3.5
3.7
3.6
4.1
4.3
4.3
3.4
2.9
3.1
3.8
4.0
3.8
3.8
4.0
3.9
3.7
3.3
3.2
3.7
4.2
4.1
3.7
3.3
3.1
2.5
2.3
2.7

1,227,000
1,226,922

1,223,658
1,227,900

3.0
2.9

False
Peaks /
Troughs

No
2
-2.2%

No
2
-2.4%

P
7
-4.1%

No
4
-1.5%

No
2
-0.6%

No
4
-2.1%

No
4
-0.6%

No

Defined as three consecutive months of dec


Some mid-cycle slowdowns occurred (see N

ree consecutive months of decline / gains with over 3% change


cle slowdowns occurred (see No)

Feb-16

Sep-16

Oct-16

Nov-16

Dec-16

Jan-16

Feb-16

CAB (3 MMA)
% M/M
% Y/Y

108.8
-0.1
3.0

110.3
-0.2
1.6

110.1
-0.1
1.4

110.4
0.2
1.4

110.5
0.2
1.6

110.6
0.0
1.6

110.4
-0.1
1.5

CAB
% M/M
% Y/Y
Components:
Production
Equities
Prices
Other

108.7
-0.1
2.9

110.1
0.0
1.2

110.2
0.1
1.4

110.8
0.5
1.7

110.7
-0.1
1.6

110.3
-0.4
1.4

110.4
0.1
1.6

~
~
~
~

~
~
~
~

~
~

NBER Business Cycle

Chemicals Leading Barometer

Peak
Aug-18
Jan-20
May-23
Oct-26
Aug-29
May-37
Feb-45
Nov-48
Jul-53
Aug-57
Apr-60
Dec-69
Nov-73
Jan-80
Jul-81
Jul-90
Mar-01
Dec-07

Peak
Jan-18
Oct-19
Dec-22
Jun-26
Dec-28
Dec-36
Aug-43
Sep-48
May-53
Jan-57
Jun-59
May-69
Feb-73
Mar-79
Dec-80
Oct-89
Mar-01
May-07

Trough
Mar-19
Jul-21
Jul-24
Nov-27
Mar-33
Jun-38
Oct-45
Oct-49
May-54
Apr-58
Feb-61
Nov-70
Mar-75
Jul-80
Nov-82
Mar-91
Nov-01
Jun-09

Trough
Feb-19
May-21
Nov-23
Dec-26
Jul-32
Apr-38
Sep-45
Jul-49
Jan-54
Mar-58
Oct-60
Apr-70
Feb-75
Jun-80
Aug-82
Jan-91
Oct-01
Mar-09
Average
Median

Timing Relationship
Peak
7
3
5
4
8
5
18
2
2
8
11
7
9
14
8
9
12
5

Trough
1
2
8
11
8
2
1
3
4
1
4
7
1
1
5
2
1
3

8
8

4
3

Expected Release Dates for the Chemicals Activity Barometer (CAB)


2016
1/26/2016
2/23/2016
3/22/2016
4/26/2016
5/24/2016
6/21/2016
7/26/2016
8/23/2016
9/27/2016
10/25/2016
11/22/2016
12/20/2016