Data in this graph are copyrighted. Please review the copyright information in the series notes before sharing.
Source: Bank for International Settlements
Release: Credit to Non-Financial Sector
Units: Billions of US Dollars, Not Seasonally Adjusted
Frequency: Quarterly, End of Quarter
Credit is provided by domestic banks, all other sectors of the economy and non-residents. The "private non-financial sector" includes non-financial corporations (both private-owned and public-owned), households and non-profit institutions serving households as defined in the System of National Accounts 2008. The series have quarterly frequency and capture the outstanding amount of credit at the end of the reference quarter. In terms of financial instruments, credit covers loans and debt securities.(1)
The combination of different sources and data from various methodological frameworks resulted in breaks in the series. The BIS is therefore, in addition, publishing a second set of series adjusted for breaks, which covers the same time span as the unadjusted series. The break-adjusted series are the result of the BIS's own calculations, and were obtained by adjusting levels through standard statistical techniques described in the special feature on the long credit series of the March 2013 issue of the BIS Quarterly Review at https://www.bis.org/publ/qtrpdf/r_qt1303h.htm. (1)
Source Code: Q:US:P:A:M:USD:A
(1) Bank for International Settlements. "Long series on credit to private non-financial sectors".https://www.bis.org/statistics/credtopriv.htm
Copyright, 2016, Bank for International Settlements (BIS). Terms and conditions of use are available at http://www.bis.org/terms_conditions.htm#Copyright_and_Permissions.
Bank for International Settlements, Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for United States [CRDQUSAPABIS], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/CRDQUSAPABIS, June 26, 2024.
Source: U.S. Bureau of Economic Analysis
Release: Gross Domestic Product
Units: Billions of Dollars, Seasonally Adjusted Annual Rate
Frequency: Quarterly
BEA Account Code: A191RC
Gross domestic product (GDP), the featured measure of U.S. output, is the market value of the goods and services produced by labor and property located in the United States.For more information, see the Guide to the National Income and Product Accounts of the United States (NIPA) and the Bureau of Economic Analysis.
U.S. Bureau of Economic Analysis, Gross Domestic Product [GDP], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/GDP, June 26, 2024.
Source: Bank for International Settlements
Release: Credit to Non-Financial Sector
Units: Percentage of GDP, Not Seasonally Adjusted
Frequency: Quarterly, End of Quarter
Credit is provided by domestic banks, all other sectors of the economy and non-residents. The "private non-financial sector" includes non-financial corporations (both private-owned and public-owned), households and non-profit institutions serving households as defined in the System of National Accounts 2008. The series have quarterly frequency and capture the outstanding amount of credit at the end of the reference quarter. In terms of financial instruments, credit covers loans and debt securities.(1)
The combination of different sources and data from various methodological frameworks resulted in breaks in the series. The BIS is therefore, in addition, publishing a second set of series adjusted for breaks, which covers the same time span as the unadjusted series. The break-adjusted series are the result of the BIS's own calculations, and were obtained by adjusting levels through standard statistical techniques described in the special feature on the long credit series of the March 2013 issue of the BIS Quarterly Review at https://www.bis.org/publ/qtrpdf/r_qt1303h.htm. (1)
Source Code: Q:US:C:A:M:770:A
(1) Bank for International Settlements. "Long series on credit to private non-financial ://www.bis.org/statistics/credtopriv.htm
Copyright, 2016, Bank for International Settlements (BIS). Terms and conditions of use are available at http://www.bis.org/terms_conditions.htm#Copyright_and_Permissions.
Unless otherwise specified, series values are market values.
Bank for International Settlements, Total Credit to Non-Financial Sector, Adjusted for Breaks, for United States [QUSCAM770A], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/QUSCAM770A, June 26, 2024.
Source: Bank for International Settlements
Release: Credit to Non-Financial Sector
Units: Billions of US Dollars, Not Seasonally Adjusted
Frequency: Quarterly, End of Quarter
Credit is provided by domestic banks, all other sectors of the economy and non-residents. The "private non-financial sector" includes non-financial corporations (both private-owned and public-owned), households and non-profit institutions serving households as defined in the System of National Accounts 2008. The series have quarterly frequency and capture the outstanding amount of credit at the end of the reference quarter. In terms of financial instruments, credit covers loans and debt securities.(1)
The combination of different sources and data from various methodological frameworks resulted in breaks in the series. The BIS is therefore, in addition, publishing a second set of series adjusted for breaks, which covers the same time span as the unadjusted series. The break-adjusted series are the result of the BIS's own calculations, and were obtained by adjusting levels through standard statistical techniques described in the special feature on the long credit series of the March 2013 issue of the BIS Quarterly Review at https://www.bis.org/publ/qtrpdf/r_qt1303h.htm. (1)
Source Code: Q:US:C:A:M:USD:A
(1) Bank for International Settlements. "Long series on credit to private non-financial ://www.bis.org/statistics/credtopriv.htm
Copyright, 2016, Bank for International Settlements (BIS). Terms and conditions of use are available at http://www.bis.org/terms_conditions.htm#Copyright_and_Permissions.
Unless otherwise specified, series values are market values.
Bank for International Settlements, Total Credit to Non-Financial Sector, Adjusted for Breaks, for United States [QUSCAMUSDA], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/QUSCAMUSDA, June 26, 2024.
Source: Bank for International Settlements
Release: Credit to Non-Financial Sector
Units: Billions of Euros, Not Seasonally Adjusted
Frequency: Quarterly, End of Quarter
Credit is provided by domestic banks, all other sectors of the economy and non-residents. The "private non-financial sector" includes non-financial corporations (both private-owned and public-owned), households and non-profit institutions serving households as defined in the System of National Accounts 2008. The series have quarterly frequency and capture the outstanding amount of credit at the end of the reference quarter. In terms of financial instruments, credit covers loans and debt securities.(1)
The combination of different sources and data from various methodological frameworks resulted in breaks in the series. The BIS is therefore, in addition, publishing a second set of series adjusted for breaks, which covers the same time span as the unadjusted series. The break-adjusted series are the result of the BIS's own calculations, and were obtained by adjusting levels through standard statistical techniques described in the special feature on the long credit series of the March 2013 issue of the BIS Quarterly Review at https://www.bis.org/publ/qtrpdf/r_qt1303h.htm. (1)
Source Code: Q.XM.A.P.A
(1) Bank for International Settlements. "Long series on credit to private non-financial sectors".https://www.bis.org/statistics/credtopriv.htm
Copyright, 2016, Bank for International Settlements (BIS). Terms and conditions of use are available at http://www.bis.org/terms_conditions.htm#Copyright_and_Permissions.
Bank for International Settlements, Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Euro area [CRDQXMAPABIS], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/CRDQXMAPABIS, June 26, 2024.
Source: Bank for International Settlements
Release: Credit to Non-Financial Sector
Units: Percentage of GDP, Not Seasonally Adjusted
Frequency: Quarterly, End of Quarter
Credit is provided by domestic banks, all other sectors of the economy and non-residents. The "private non-financial sector" includes non-financial corporations (both private-owned and public-owned), households and non-profit institutions serving households as defined in the System of National Accounts 2008. The series have quarterly frequency and capture the outstanding amount of credit at the end of the reference quarter. In terms of financial instruments, credit covers loans and debt securities.(1)
The combination of different sources and data from various methodological frameworks resulted in breaks in the series. The BIS is therefore, in addition, publishing a second set of series adjusted for breaks, which covers the same time span as the unadjusted series. The break-adjusted series are the result of the BIS's own calculations, and were obtained by adjusting levels through standard statistical techniques described in the special feature on the long credit series of the March 2013 issue of the BIS Quarterly Review at https://www.bis.org/publ/qtrpdf/r_qt1303h.htm. (1)
Source Code: Q:XM:C:A:M:770:A
(1) Bank for International Settlements. "Long series on credit to private non-financial ://www.bis.org/statistics/credtopriv.htm
Copyright, 2016, Bank for International Settlements (BIS). Terms and conditions of use are available at http://www.bis.org/terms_conditions.htm#Copyright_and_Permissions.
Unless otherwise specified, series values are market values.
Bank for International Settlements, Total Credit to Non-Financial Sector, Adjusted for Breaks, for Euro Area [QXMCAM770A], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/QXMCAM770A, June 26, 2024.
Source: Bank for International Settlements
Release: Credit to Non-Financial Sector
Units: Billions of Euro, Not Seasonally Adjusted
Frequency: Quarterly, End of Quarter
Credit is provided by domestic banks, all other sectors of the economy and non-residents. The "private non-financial sector" includes non-financial corporations (both private-owned and public-owned), households and non-profit institutions serving households as defined in the System of National Accounts 2008. The series have quarterly frequency and capture the outstanding amount of credit at the end of the reference quarter. In terms of financial instruments, credit covers loans and debt securities.(1)
The combination of different sources and data from various methodological frameworks resulted in breaks in the series. The BIS is therefore, in addition, publishing a second set of series adjusted for breaks, which covers the same time span as the unadjusted series. The break-adjusted series are the result of the BIS's own calculations, and were obtained by adjusting levels through standard statistical techniques described in the special feature on the long credit series of the March 2013 issue of the BIS Quarterly Review at https://www.bis.org/publ/qtrpdf/r_qt1303h.htm. (1)
Source Code: Q:XM:C:A:M:XDC:A
(1) Bank for International Settlements. "Long series on credit to private non-financial ://www.bis.org/statistics/credtopriv.htm
Copyright, 2016, Bank for International Settlements (BIS). Terms and conditions of use are available at http://www.bis.org/terms_conditions.htm#Copyright_and_Permissions.
Unless otherwise specified, series values are market values.
Bank for International Settlements, Total Credit to Non-Financial Sector, Adjusted for Breaks, for Euro Area [QXMCAMXDCA], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/QXMCAMXDCA, June 26, 2024.
Source: Eurostat
Release: National Accounts - GDP (Eurostat)
Units: Millions of Euros, Seasonally Adjusted
Frequency: Quarterly
Eurostat unit ID: CP_MEUR
Eurostat item ID: B1GQ
Eurostat country ID: EA19
Euro/ECU series is expressed in euro from January 1, 1999 till present. Prior to December 31, 1998, synthetic exchange rate of the national currency to European Community Unit (ECU) is used to adjust for market exchange rate movements.
Copyright, European Union, http://ec.europa.eu, 1995-2016. Complete terms of use are available at https://ec.europa.eu/geninfo/legal_notices_en.htm.
Eurostat, Gross Domestic Product (Euro/ECU Series) for Euro Area (19 Countries) [EUNNGDP], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/EUNNGDP, June 26, 2024.
Source: Bank for International Settlements
Release: Credit to Non-Financial Sector
Units: Billions of Chinese Renminbi Yuans, Not Seasonally Adjusted
Frequency: Quarterly, End of Quarter
Credit is provided by domestic banks, all other sectors of the economy and non-residents. The "private non-financial sector" includes non-financial corporations (both private-owned and public-owned), households and non-profit institutionsserving households as defined in the System of National Accounts 2008. The series have quarterly frequency and capture the outstanding amount of credit at the end of the reference quarter. In terms of financial instruments, credit covers loans and debt securities.(1)
The combination of different sources and data from various methodological frameworks resulted in breaks in the series. The BIS is therefore, in addition, publishing a second set of series adjusted for breaks, which covers the same time span as the unadjusted series. The break-adjusted series are the result of the BIS's own calculations, and were obtained by adjusting levels through standard statistical techniques described in the special feature on the long credit series of the March 2013 issue of the BIS Quarterly Review at https://www.bis.org/publ/qtrpdf/r_qt1303h.htm. (1)
Source Code: Q:CN:A:P:A
(1) Bank for International Settlements. "Long series on credit to private non-financial sectors".https://www.bis.org/statistics/credtopriv.htm
Copyright, 2016, Bank for International Settlements (BIS). Terms and conditions of use are available at http://www.bis.org/terms_conditions.htm#Copyright_and_Permissions.
Bank for International Settlements, Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for China [CRDQCNAPABIS], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/CRDQCNAPABIS, June 26, 2024.
Source: Bank for International Settlements
Release: Credit to Non-Financial Sector
Units: Percentage of GDP, Not Seasonally Adjusted
Frequency: Quarterly, End of Quarter
Credit is provided by domestic banks, all other sectors of the economy and non-residents. The "private non-financial sector" includes non-financial corporations (both private-owned and public-owned), households and non-profit institutions serving households as defined in the System of National Accounts 2008. The series have quarterly frequency and capture the outstanding amount of credit at the end of the reference quarter. In terms of financial instruments, credit covers loans and debt securities.(1)
The combination of different sources and data from various methodological frameworks resulted in breaks in the series. The BIS is therefore, in addition, publishing a second set of series adjusted for breaks, which covers the same time span as the unadjusted series. The break-adjusted series are the result of the BIS's own calculations, and were obtained by adjusting levels through standard statistical techniques described in the special feature on the long credit series of the March 2013 issue of the BIS Quarterly Review at https://www.bis.org/publ/qtrpdf/r_qt1303h.htm. (1)
Source Code: Q:CN:C:A:M:770:A
(1) Bank for International Settlements. "Long series on credit to private non-financial ://www.bis.org/statistics/credtopriv.htm
Copyright, 2016, Bank for International Settlements (BIS). Terms and conditions of use are available at http://www.bis.org/terms_conditions.htm#Copyright_and_Permissions.
Unless otherwise specified, series values are market values. For information specifying what comprises G20, Advanced Economies, Emerging Market Economies, and All Reporting Economies, visit https://www.bis.org/statistics/totcredit/tables_f.pdf
Bank for International Settlements, Total Credit to Non-Financial Sector, Adjusted for Breaks, for China [QCNCAM770A], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/QCNCAM770A, June 26, 2024.
Source: Bank for International Settlements
Release: Credit to Non-Financial Sector
Units: Billions of Chinese Renminbi Yuans, Not Seasonally Adjusted
Frequency: Quarterly, End of Quarter
Credit is provided by domestic banks, all other sectors of the economy and non-residents. The "private non-financial sector" includes non-financial corporations (both private-owned and public-owned), households and non-profit institutions serving households as defined in the System of National Accounts 2008. The series have quarterly frequency and capture the outstanding amount of credit at the end of the reference quarter. In terms of financial instruments, credit covers loans and debt securities.(1)
The combination of different sources and data from various methodological frameworks resulted in breaks in the series. The BIS is therefore, in addition, publishing a second set of series adjusted for breaks, which covers the same time span as the unadjusted series. The break-adjusted series are the result of the BIS's own calculations, and were obtained by adjusting levels through standard statistical techniques described in the special feature on the long credit series of the March 2013 issue of the BIS Quarterly Review at https://www.bis.org/publ/qtrpdf/r_qt1303h.htm. (1)
Source Code: Q:CN:C:A:M:XDC:A
(1) Bank for International Settlements. "Long series on credit to private non-financial ://www.bis.org/statistics/credtopriv.htm
Copyright, 2016, Bank for International Settlements (BIS). Terms and conditions of use are available at http://www.bis.org/terms_conditions.htm#Copyright_and_Permissions.
Unless otherwise specified, series values are market values. For information specifying what comprises G20, Advanced Economies, Emerging Market Economies, and All Reporting Economies, visit https://www.bis.org/statistics/totcredit/tables_f.pdf
Bank for International Settlements, Total Credit to Non-Financial Sector, Adjusted for Breaks, for China [QCNCAMXDCA], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/QCNCAMXDCA, June 26, 2024.
Source: Organization for Economic Co-operation and Development
Release: Main Economic Indicators
Units: Yuan Renminbi, Seasonally Adjusted
Frequency: Quarterly
OECD Descriptor ID: NAEXCP01
OECD unit ID: CNY
OECD country ID: CHN
All OECD data should be cited as follows: OECD, "Main Economic Indicators - complete database", Main Economic Indicators (database), https://dx.doi.org/10.1787/data-00052-en (Accessed on date) Copyright, 2016, OECD. Reprinted with permission
Organization for Economic Co-operation and Development, National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for China [CHNGDPNQDSMEI], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/CHNGDPNQDSMEI, June 26, 2024.
Source: Bank for International Settlements
Release: Credit to Non-Financial Sector
Units: Billions of Japanese Yens, Not Seasonally Adjusted
Frequency: Quarterly, End of Quarter
Credit is provided by domestic banks, all other sectors of the economy and non-residents. The "private non-financial sector" includes non-financial corporations (both private-owned and public-owned), households and non-profit institutionsserving households as defined in the System of National Accounts 2008. The series have quarterly frequency and capture the outstanding amount of credit at the end of the reference quarter. In terms of financial instruments, credit covers loans and debt securities.(1)
The combination of different sources and data from various methodological frameworks resulted in breaks in the series. The BIS is therefore, in addition, publishing a second set of series adjusted for breaks, which covers the same time span as the unadjusted series. The break-adjusted series are the result of the BIS's own calculations, and were obtained by adjusting levels through standard statistical techniques described in the special feature on the long credit series of the March 2013 issue of the BIS Quarterly Review at https://www.bis.org/publ/qtrpdf/r_qt1303h.htm. (1)
Source Code: Q:JP:A:P:A
(1) Bank for International Settlements. "Long series on credit to private non-financial sectors".https://www.bis.org/statistics/credtopriv.htm
Copyright, 2016, Bank for International Settlements (BIS). Terms and conditions of use are available at http://www.bis.org/terms_conditions.htm#Copyright_and_Permissions.
Bank for International Settlements, Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Japan [CRDQJPAPABIS], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/CRDQJPAPABIS, June 26, 2024.
Source: Bank for International Settlements
Release: Credit to Non-Financial Sector
Units: Percentage of GDP, Not Seasonally Adjusted
Frequency: Quarterly, End of Quarter
Credit is provided by domestic banks, all other sectors of the economy and non-residents. The "private non-financial sector" includes non-financial corporations (both private-owned and public-owned), households and non-profit institutions serving households as defined in the System of National Accounts 2008. The series have quarterly frequency and capture the outstanding amount of credit at the end of the reference quarter. In terms of financial instruments, credit covers loans and debt securities.(1)
The combination of different sources and data from various methodological frameworks resulted in breaks in the series. The BIS is therefore, in addition, publishing a second set of series adjusted for breaks, which covers the same time span as the unadjusted series. The break-adjusted series are the result of the BIS's own calculations, and were obtained by adjusting levels through standard statistical techniques described in the special feature on the long credit series of the March 2013 issue of the BIS Quarterly Review at https://www.bis.org/publ/qtrpdf/r_qt1303h.htm. (1)
Source Code: Q:JP:C:A:M:770:A
(1) Bank for International Settlements. "Long series on credit to private non-financial ://www.bis.org/statistics/credtopriv.htm
Copyright, 2016, Bank for International Settlements (BIS). Terms and conditions of use are available at http://www.bis.org/terms_conditions.htm#Copyright_and_Permissions.
Unless otherwise specified, series values are market values.
Bank for International Settlements, Total Credit to Non-Financial Sector, Adjusted for Breaks, for Japan [QJPCAM770A], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/QJPCAM770A, June 26, 2024.
Source: Bank for International Settlements
Release: Credit to Non-Financial Sector
Units: Japanese Yen (Billions), Not Seasonally Adjusted
Frequency: Quarterly, End of Quarter
Credit is provided by domestic banks, all other sectors of the economy and non-residents. The "private non-financial sector" includes non-financial corporations (both private-owned and public-owned), households and non-profit institutions serving households as defined in the System of National Accounts 2008. The series have quarterly frequency and capture the outstanding amount of credit at the end of the reference quarter. In terms of financial instruments, credit covers loans and debt securities.(1)
The combination of different sources and data from various methodological frameworks resulted in breaks in the series. The BIS is therefore, in addition, publishing a second set of series adjusted for breaks, which covers the same time span as the unadjusted series. The break-adjusted series are the result of the BIS's own calculations, and were obtained by adjusting levels through standard statistical techniques described in the special feature on the long credit series of the March 2013 issue of the BIS Quarterly Review at https://www.bis.org/publ/qtrpdf/r_qt1303h.htm. (1)
Source Code: Q:JP:C:A:M:XDC:A
(1) Bank for International Settlements. "Long series on credit to private non-financial ://www.bis.org/statistics/credtopriv.htm
Copyright, 2016, Bank for International Settlements (BIS). Terms and conditions of use are available at http://www.bis.org/terms_conditions.htm#Copyright_and_Permissions.
Unless otherwise specified, series values are market values.
Bank for International Settlements, Total Credit to Non-Financial Sector, Adjusted for Breaks, for Japan [QJPCAMXDCA], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/QJPCAMXDCA, June 26, 2024.
Source: JP. Cabinet Office
Release: National Accounts of Japan
Units: Billions of Yen, Seasonally Adjusted
Frequency: Quarterly
Copyright, 2016, Cabinet Office of Japan.
JP. Cabinet Office, Gross Domestic Product for Japan [JPNNGDP], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/JPNNGDP, June 26, 2024.
Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for United States
Quarterly, Not Seasonally Adjusted Percentage of GDP, Quarterly, Not Seasonally AdjustedGross Domestic Product
Annual, Not Seasonally Adjusted Annual, Not Seasonally Adjusted Index 2017=100, Quarterly, Not Seasonally Adjusted Millions of Dollars, Quarterly, Not Seasonally Adjusted Percent Change from Preceding Period, Annual, Not Seasonally Adjusted Percent Change from Preceding Period, Quarterly, Seasonally Adjusted Annual RateTotal Credit to Non-Financial Sector, Adjusted for Breaks, for United States
Quarterly, Not Seasonally Adjusted Percentage of GDP, Quarterly, Not Seasonally AdjustedTotal Credit to Non-Financial Sector, Adjusted for Breaks, for Euro Area
Billions of US Dollars, Quarterly, Not Seasonally Adjusted Percentage of GDP, Quarterly, Not Seasonally AdjustedGross Domestic Product (Euro/ECU Series) for Euro Area (19 Countries)
Quarterly, Not Seasonally AdjustedTotal Credit to Private Non-Financial Sector, Adjusted for Breaks, for China
Billions of US Dollars, Quarterly, Not Seasonally Adjusted Percentage of GDP, Quarterly, Not Seasonally AdjustedTotal Credit to Non-Financial Sector, Adjusted for Breaks, for China
Billions of US Dollars, Quarterly, Not Seasonally Adjusted Percentage of GDP, Quarterly, Not Seasonally AdjustedNational Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for China
Annual, Seasonally AdjustedTotal Credit to Private Non-Financial Sector, Adjusted for Breaks, for Japan
Billions of US Dollars, Quarterly, Not Seasonally Adjusted Percentage of GDP, Quarterly, Not Seasonally AdjustedTotal Credit to Non-Financial Sector, Adjusted for Breaks, for Japan
Billions of US Dollars, Quarterly, Not Seasonally Adjusted Percentage of GDP, Quarterly, Not Seasonally AdjustedGross Domestic Product for Japan
Current U.S. Dollars, Annual, Not Seasonally Adjusted