Production in construction down by 0.9% in the euro area and by 1.0% in the EU (2024)

Euro indicators 18 July 2024 Next release: 20 August 2024

May 2024 compared with April 2024

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Down by 2.4% in the euro area and by 2.5% in the EU compared with May 2023

Overview

In May 2024, compared with April 2024, seasonally adjusted production in construction decreased by 0.9% in the euro area and by 1.0% in the EU, according to first estimates from Eurostat, the statistical office of the European Union. In April 2024, production in construction fell by 0.4% in the euro area and remained stable in the EU.

In May 2024, compared with May 2023, production in construction decreased by 2.4% the euro area and by 2.5% in the EU.

Production in construction down by 0.9% in the euro area and by 1.0% in the EU (1)

Monthly comparison by construction sector and by Member State

In the euro area in May 2024, compared with April 2024, production in construction

  • decreased by 1.0% for construction of buildings,

  • decreased by 0.6% for civil engineering,

  • decreased by 1.1% for specialised construction activities.

In the EU, production in construction

  • decreased by 0.9% for construction of buildings,

  • decreased by 1.5% for civil engineering,

  • decreased by 1.0% for specialised construction activities.

Among Member States for which data are available, the largest monthly decreases in production in construction were recorded in Czechia (-5.1%), Romania (-4.1%) and Hungary (-3.8%). The highest increases were observed in Finland (+1.9%), Bulgaria (+1.1%) and Belgium and Spain (both +0.3%).

Annual comparison by construction sector and by Member State

In the euro area in May 2024, compared with May 2023, production in construction

  • decreased by 4.8% for construction of buildings,

  • increased by 0.4% for civil engineering,

  • decreased by 1.8% for specialised construction activities.

In the EU, production in construction

  • decreased by 4.8% for construction of buildings,

  • decreased by 0.8% for civil engineering,

  • decreased by 1.9% for specialised construction activities.

Among Member States for which data are available, the largest annual decreases in production in construction were recorded in Sweden (-7.5%), Slovenia (-7.4%) and Germany (-7.0%). Increases were observed in Hungary (+7.3%), Bulgaria (+4.4%) and Denmark (+1.1%).

Tables

Production in construction

% change compared with the previous month*

Dec-23

Jan-24

Feb-24

Mar-24

Apr-24

May-24

Euro area

Total construction

0.4

0.8

0.0

-0.6

-0.4

-0.9

Construction of buildings

1.0

-1.9

2.3

-1.3

-0.5

-1.0

Civil engineering

-0.6

1.3

2.9

0.3

-1.8

-0.6

Specialised construction activities

0.4

0.9

-0.3

-0.5

0.2

-1.1

EU

Total construction

1.2

-0.9

0.3

-0.7

0.0

-1.0

Construction of buildings

1.7

-2.6

2.3

-2.5

0.6

-0.9

Civil engineering

0.2

-0.6

2.7

-0.7

-0.4

-1.5

Specialised construction activities

0.4

0.8

-0.4

-0.4

0.0

-1.0

* Calendar and seasonally adjusted

Source dataset: sts_copr_m

Production in construction down by 0.9% in the euro area and by 1.0% in the EU (2)

Production in construction

% change compared with the previous month*

Dec-23

Jan-24

Feb-24

Mar-24

Apr-24

May-24

Euro area

0.4

0.8

0.0

-0.6

-0.4

-0.9

EU

1.2

-0.9

0.3

-0.7

0.0

-1.0

Belgium

3.1

-3.4

2.3

1.1

-3.9

0.3

Bulgaria

0.3

1.1

2.6

-0.3

-0.3

1.1

Czechia

1.2

0.2

4.3

-6.8

3.5

-5.1

Denmark

0.2

-2.5

1.6

2.5

-1.1

0.1

Germany

-3.1

2.9

3.3

-1.0

-1.2

-3.3

Estonia**

:

:

:

:

:

:

Ireland

c

c

c

c

c

c

Greece**

:

:

:

:

:

:

Spain

-0.4

1.3

-2.4

0.7

-0.7

0.3

France

1.6

0.2

-2.4

0.8

-1.0

-1.0

Croatia**

2.9

1.8

1.9

-0.2

0.2

:

Italy

1.1

2.8

-3.0

c

c

c

Cyprus**

:

:

:

:

:

:

Latvia**

:

:

:

:

:

:

Lithuania**

:

:

:

:

:

:

Luxembourg**

7.4

-16.8

10.1

-1.1

-0.2

:

Hungary

5.2

10.5

-9.4

-2.7

11.0

-3.8

Malta**

:

:

:

:

:

:

Netherlands

2.8

-2.7

2.8

-0.3

-0.4

-0.6

Austria

5.2

-2.7

1.1

-1.9

2.1

-1.9

Poland

14.4

-16.2

0.9

-3.7

2.3

0.1

Portugal

0.7

1.2

-1.1

-1.9

3.2

-3.3

Romania

10.2

-36.4

18.5

9.3

5.8

-4.1

Slovenia

2.7

-3.5

7.6

-6.7

-2.4

-0.1

Slovakia

-7.5

-0.5

5.3

-6.9

7.8

-2.8

Finland

-0.4

-1.1

0.8

0.2

0.4

1.9

Sweden

-0.7

1.2

-1.2

-2.6

1.3

-2.1

Norway

-0.9

0.7

0.1

-0.7

0.3

-0.2

* Calendar and seasonally adjusted

** These Member States are not required to supply monthly data under Regulation (EU) 2019/2152.

: Data not available

c Confidential

Source dataset: sts_copr_m

Production in construction down by 0.9% in the euro area and by 1.0% in the EU (3)

Production in construction

% change compared with the same month of the previous year*

Dec-23

Jan-24

Feb-24

Mar-24

Apr-24

May-24

Euro area

Total construction

2.4

1.0

-1.5

-0.3

-1.5

-2.4

Construction of buildings

1.9

-2.2

-2.4

-2.5

-3.6

-4.8

Civil engineering

6.3

2.6

4.3

5.6

2.0

0.4

Specialised construction activities

2.0

1.1

-1.0

-1.0

-0.9

-1.8

EU

Total construction

3.3

0.1

-1.7

-1.0

-1.4

-2.5

Construction of buildings

2.1

-3.0

-2.7

-4.4

-3.6

-4.8

Civil engineering

5.8

1.5

3.8

3.2

2.4

-0.8

Specialised construction activities

1.6

0.7

-1.2

-1.1

-1.1

-1.9

* Calendar adjusted

Source dataset: sts_copr_m

Production in construction down by 0.9% in the euro area and by 1.0% in the EU (4)

Production in construction

% change compared with the same month of the previous year*

Dec-23

Jan-24

Feb-24

Mar-24

Apr-24

May-24

Euro area

2.4

1.0

-1.5

-0.3

-1.5

-2.4

EU

3.3

0.1

-1.7

-1.0

-1.4

-2.5

Belgium

10.3

-0.3

0.0

8.1

-9.5

-2.2

Bulgaria

0.0

0.0

4.2

3.4

3.1

4.4

Czechia

-3.2

-6.5

2.9

-8.4

-0.2

-6.8

Denmark

0.6

-1.6

-0.5

3.1

1.1

1.1

Germany

-0.1

-6.5

-1.6

-0.4

-3.9

-7.0

Estonia**

:

:

:

:

:

:

Ireland

c

c

c

c

c

c

Greece**

:

:

:

:

:

:

Spain

3.9

14.1

-3.3

1.4

-1.6

-1.8

France

-0.1

-0.4

-4.5

-2.3

-4.3

-5.6

Croatia**

10.3

14.2

15.0

14.5

15.0

:

Italy

12.4

13.3

7.4

c

c

c

Cyprus**

:

:

:

:

:

:

Latvia**

:

:

:

:

:

:

Lithuania**

:

:

:

:

:

:

Luxembourg**

5.1

-6.3

-7.8

-4.7

-5.9

:

Hungary

-4.3

17.5

2.4

-6.4

15.6

7.3

Malta**

:

:

:

:

:

:

Netherlands

-2.4

-7.1

-3.8

-3.2

-0.3

-5.2

Austria

4.0

-5.1

-11.9

-4.4

-1.1

-0.8

Poland

18.9

-8.2

-5.5

-9.7

-6.0

-4.5

Portugal

5.5

4.1

3.7

0.5

5.9

0.0

Romania

30.8

-17.9

-4.0

-0.6

12.3

-1.6

Slovenia

9.0

-4.2

5.6

-7.7

-4.9

-7.4

Slovakia

-8.3

-13.3

-1.1

-5.7

4.9

-4.5

Finland

-11.4

-14.1

-10.4

-8.2

-5.2

-0.6

Sweden

-7.6

-7.1

-5.9

-8.2

-4.4

-7.5

Norway

-2.8

-1.2

-0.9

-1.8

-0.9

-1.7

* Calendar adjusted

** These Member States are not required to supply monthly data under Regulation (EU) 2019/2152.

: Data not available

c Confidential

Source dataset: sts_copr_m

Production in construction down by 0.9% in the euro area and by 1.0% in the EU (5)

Monthly indices for production in construction,
calendar and seasonally adjusted

(base year 2021)

Dec-23

Jan-24

Feb-24

Mar-24

Apr-24

May-24

Euro area

103.5

104.3

104.3

103.7

103.3

102.4

EU

104.6

103.7

104.0

103.3

103.3

102.3

Belgium

104.1

100.6

102.9

104.0

99.9

100.2

Bulgaria

99.4

100.5

103.1

102.8

102.5

103.6

Czechia

99.0

99.2

103.5

96.5

99.9

94.8

Denmark

105.8

103.2

104.8

107.4

106.2

106.3

Germany

90.5

93.1

96.2

95.2

94.1

91.0

Estonia*

:

:

:

:

:

:

Ireland

c

c

c

c

c

c

Greece*

:

:

:

:

:

:

Spain

97.1

98.4

96.0

96.7

96.0

96.3

France

100.8

101.0

98.6

99.4

98.4

97.4

Croatia*

117.7

119.8

122.1

121.9

122.2

:

Italy

137.6

141.4

137.1

c

c

c

Cyprus*

:

:

:

:

:

:

Latvia*

:

:

:

:

:

:

Lithuania*

:

:

:

:

:

:

Luxembourg*

103.4

86.0

94.7

93.7

93.5

:

Hungary

98.9

109.3

99.0

96.3

106.9

102.8

Malta*

:

:

:

:

:

:

Netherlands

103.1

100.3

103.1

102.8

102.4

101.8

Austria

101.6

98.9

100.0

98.1

100.2

98.3

Poland

127.7

107.0

108.0

104.0

106.4

106.5

Portugal

110.3

111.6

110.4

108.3

111.8

108.1

Romania

153.1

97.4

115.4

126.1

133.4

127.9

Slovenia

146.6

141.4

152.2

142.0

138.6

138.5

Slovakia

77.9

77.5

81.6

76.0

81.9

79.6

Finland

90.0

89.0

89.7

89.9

90.3

92.0

Sweden

91.5

92.6

91.5

89.1

90.3

88.4

Norway

101.3

102.0

102.1

101.4

101.7

101.5

* These Member States are not required to supply monthly data under Regulation (EU) 2019/2152.

: Data not available

c Confidential

Source dataset: sts_copr_m

Production in construction down by 0.9% in the euro area and by 1.0% in the EU (6)

Monthly indices for production in construction, calendar adjusted

(base year 2021)

Dec-23

Jan-24

Feb-24

Mar-24

Apr-24

May-24

Euro area

102.4

89.9

98.8

109.5

102.3

105.7

EU

108.4

86.8

95.7

107.0

101.3

104.9

Belgium

90.1

90.5

107.4

120.5

99.5

101.3

Bulgaria

90.0

97.6

99.0

107.6

100.9

101.1

Czechia

100.3

54.8

67.3

81.7

94.1

98.1

Denmark

99.6

98.4

100.9

112.2

101.5

107.1

Germany

99.6

63.0

81.0

97.2

93.1

91.4

Estonia*

:

:

:

:

:

:

Ireland

c

c

c

c

c

c

Greece*

:

:

:

:

:

:

Spain

123.6

103.0

88.9

101.3

91.1

96.6

France

87.5

98.2

101.5

105.5

100.2

102.0

Croatia*

107.0

114.8

123.5

133.9

126.2

:

Italy

124.9

128.6

136.0

c

c

c

Cyprus*

:

:

:

:

:

:

Latvia*

:

:

:

:

:

:

Lithuania*

:

:

:

:

:

:

Luxembourg*

88.6

76.9

96.4

104.4

100.8

:

Hungary

135.2

64.5

69.6

91.3

89.5

97.5

Malta*

:

:

:

:

:

:

Netherlands

81.6

101.2

115.3

120.6

107.4

107.8

Austria

122.2

59.4

74.3

94.1

95.4

96.4

Poland

182.1

62.9

72.0

87.9

93.3

101.6

Portugal

101.4

111.3

108.1

114.2

111.6

111.3

Romania

227.0

49.7

75.3

110.1

117.7

121.1

Slovenia

132.9

99.5

123.9

137.5

126.8

138.6

Slovakia

90.5

49.5

60.3

63.0

72.9

79.2

Finland

102.7

62.5

69.8

79.8

79.9

96.3

Sweden

116.4

71.9

80.3

85.6

89.6

90.4

Norway

96.5

107.8

96.2

102.7

92.8

97.0

* These Member States are not required to supply monthly data under Regulation (EU) 2019/2152.

:Data not available

c Confidential

Source dataset: sts_copr_m

Production in construction down by 0.9% in the euro area and by 1.0% in the EU (7)

Notes for users

Revisions and timetable

Data of previous months have been revised compared with those issued in News Release of 19 June 2024. The monthly percentage change for April 2024 has been revised from -0.2% to -0.4% in the euro area and from +0.2% to 0.0% in the EU. The annual percentage change has been revised from -1.1% to -1.5% in the euro area and from -0.9% to -1.4% in the EU.

Methods and definitions

The index of production in construction approximates the evolution of the volume of production within the sector, broken down into construction of buildings, civil engineering and specialised construction activities according to NACE rev. 2 activity classification.

Seasonally adjusted euro area and EU series are calculated by aggregating the seasonally adjusted national data. Eurostat carries out the seasonal adjustment of the data for those countries that do not adjust their data for seasonal effects.

The monthly index as presented in this News Release is calculated only on the basis of the data of those countries reporting monthly data. Missing observations from Member States for recent months are estimated for the calculation of the euro area and the EU aggregates.

Starting with reference period January 2024, the base year of the data has been changed to 2021, since 2018 the base year had been 2015. More information on the reasons for and impact of the base year change can be found in the related Statistics Explained article.

Geographical information

The euro area (EA20) includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

The European Union (EU27) includes Belgium, Bulgaria, Czechia, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland and Sweden.

Estonia, Greece, Croatia, Cyprus, Latvia, Lithuania, Luxembourg and Malta are not required to supply monthly data within 1month and 15 days after the end of the reference month under Regulation (EU) 2019/2152.

For more information

  • Database section on short-term business statistics

  • Statistics Explained article on the production in construction index

  • The weights of the Member States in the EU and euro area aggregates
    (see file Base year 2021 weights - Euro indicators releases)

  • Euro indicators dashboard

  • Euro indicators release calendar

  • European Statistics Code of Practice

Get in touch

Media requests

Eurostat Media Support

Phone: (+352) 4301 33 408

E-mail: eurostat-mediasupport@ec.europa.eu

Further information on data

E-mail: ESTAT-STS-DATA@ec.europa.eu

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'; /** Return the formatted tooltip content */ return tooltipContent; }}/* * This content is licensed according to the W3C Software License at * https://www.w3.org/Consortium/Legal/2015/copyright-software-and-document * * File: sortable-table.js * * Desc: Adds sorting to a HTML data table that implements ARIA Authoring Practices */'use strict';class SortableTable { constructor(tableNode) { this.tableNode = tableNode; this.columnHeaders = tableNode.querySelectorAll('thead th.sortable'); this.sortColumns = []; for (var i = 0; i < this.columnHeaders.length; i++) { var ch = this.columnHeaders[i]; var buttonNode = ch.querySelector('button'); if (buttonNode) { this.sortColumns.push(i); // buttonNode.setAttribute('data-column-index', i); // buttonNode.addEventListener('click', this.handleClick.bind(this)); ch.setAttribute('data-column-index', i); ch.addEventListener('click', this.handleClick.bind(this)); } } this.optionCheckbox = document.querySelector( 'input[type="checkbox"][value="show-unsorted-icon"]' ); if (this.optionCheckbox) { this.optionCheckbox.addEventListener( 'change', this.handleOptionChange.bind(this) ); if (this.optionCheckbox.checked) { this.tableNode.classList.add('show-unsorted-icon'); } } } setColumnHeaderSort(columnIndex) { if (typeof columnIndex === 'string') { columnIndex = parseInt(columnIndex); } for (var i = 0; i < this.columnHeaders.length; i++) { var ch = this.columnHeaders[i]; var buttonNode = ch.querySelector('button'); if (i === columnIndex) { var value = ch.getAttribute('aria-sort'); if (value === 'ascending') { ch.setAttribute('aria-sort', 'descending'); this.sortColumn( columnIndex, 'descending', ch.classList.contains('num')); } else if (value === 'descending') { ch.removeAttribute('aria-sort'); this.sortColumn( columnIndex, 'initial', true ); } else { ch.setAttribute('aria-sort', 'ascending'); this.sortColumn( columnIndex, 'ascending', ch.classList.contains('num') ); } } else { if (ch.hasAttribute('aria-sort') && buttonNode) { ch.removeAttribute('aria-sort'); } } } } sortColumn(columnIndex, sortValue, isNumber) { function compareValues(a, b) { if (a.value === b.value) return 0; if (sortValue === 'descending') { return isNumber ? b.value - a.value : (a.value > b.value ? -1 : 1); } else { return isNumber ? a.value - b.value : (a.value < b.value ? -1 : 1); } } if (typeof isNumber !== 'boolean') { isNumber = false; } var tbodyNode = this.tableNode.querySelector('tbody'); var rowNodes = []; var dataCells = []; var rowNode = tbodyNode.firstElementChild; var index = 0; while (rowNode) { rowNodes.push(rowNode); var rowCells = rowNode.querySelectorAll('th, td'); var dataCell = rowCells[columnIndex]; var data = {}; data.index = index; if (sortValue !== 'initial') { data.value = dataCell.textContent.toLowerCase().trim(); } else { data.value = rowNode.getAttribute('initial-position').toLowerCase().trim(); } if (isNumber) { data.value = parseFloat(data.value); } dataCells.push(data); rowNode = rowNode.nextElementSibling; index += 1; } dataCells.sort(compareValues); // remove rows while (tbodyNode.firstChild) { tbodyNode.removeChild(tbodyNode.lastChild); } // add sorted rows for (var i = 0; i < dataCells.length; i += 1) { let pos = [dataCells[i].index]; if (sortValue === "initial") { rowNodes[pos].classList.remove("sorted"); } else { rowNodes[pos].classList.add("sorted"); } tbodyNode.appendChild(rowNodes[pos]); } } /* EVENT HANDLERS */ handleClick(event) { var tgt = event.currentTarget; this.setColumnHeaderSort(tgt.getAttribute('data-column-index')); } handleOptionChange(event) { var tgt = event.currentTarget; if (tgt.checked) { this.tableNode.classList.add('show-unsorted-icon'); } else { this.tableNode.classList.remove('show-unsorted-icon'); } }}$(document).ready(function() { load(); });;}());

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Production in construction down by 0.9% in the euro area and by 1.0% in the EU (2024)

FAQs

What is the construction output of the Euro area? ›

Construction Output in Euro Area averaged -0.19 percent from 1996 until 2024, reaching an all time high of 44.20 percent in April of 2021 and a record low of -31.20 percent in April of 2020. source: EUROSTAT.

What is the industrial production index in the euro area? ›

Eurozone Industrial Production Index is at a current level of 106.00, up from 103.30 last month and up from 104.90 one year ago.

What is the money supply in the euro area? ›

Euro Area Money Supply M2 is at a current level of 15.20T, up from 15.14T last month and up from 15.11T one year ago. This is a change of 0.40% from last month and 0.61% from one year ago.

What is the current level of capacity utilization in the industry in the EU? ›

Basic Info. Eurozone Industry Current Level of Capacity Utilization is at a current level of 78.90, down from 79.20 last quarter and down from 81.30 one year ago.

What is the productivity of the euro area? ›

Productivity in Euro Area is expected to be 105.30 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Productivity is projected to trend around 106.00 points in 2025, according to our econometric models.

What is the EU manufacturing output? ›

European Union manufacturing output for 2022 was $2,509.63B, a 2.89% decline from 2021. European Union manufacturing output for 2021 was $2,584.39B, a 14.47% increase from 2020. European Union manufacturing output for 2020 was $2,257.77B, a 3.8% decline from 2019.

What is the EU index? ›

The MSCI European Union (EU) Index captures large and mid cap representation across the 13 Developed Markets (DM) countries and 4 Emerging Markets (EM) countries in Europe*.

What is the euro index? ›

The Euro Currency Index (EUR_I) represents the arithmetic ratio of four major currencies against the Euro: the American dollar, British sterling, the Japanese yen and the Swiss franc. All ratios are expressed in units of currency per Euro.

What are the leading indicators of the Euro Area? ›

The eight components of The Conference Board Leading Economic Index® for the Euro Area include: ECB Yield Spread, Consumer Expectation of General Economy, Manufacturing New Orders, Volume of Order Books, Business Expectations Survey, Eurostoxx Index, Systemic Stress Composite Indicator, Building Permits.

What is the largest economy in the euro area? ›

Germany has the biggest national GDP of all EU countries, followed by France and Italy. In 2022, the social welfare expenditure of the European Union (EU) as a whole was 19.5% of its GDP. 448,753,823 (EU27, 1 January 2023 prov. est.)

Is the U.S. dollar pegged to the euro? ›

Major currencies, such as the Japanese yen, euro, and the U.S. dollar, are floating currencies—their values change according to how the currency trades on foreign exchange or forex (FX) markets. This type of exchange rate is based on supply and demand.

What is M1, M2, and M3 money? ›

M1, M2 and M3 are measurements of the United States money supply, known as the money aggregates. M1 includes money in circulation plus checkable deposits in banks. M2 includes M1 plus savings deposits (less than $100,000) and money market mutual funds. M3 includes M2 plus large time deposits in banks.

What is the productivity level in the EU? ›

Productivity has grown steadily in the EU over the past two decades. The average annual growth of GDP per hour worked1 between the year 2000 and 2022 was 1.2%, and negative growth rates were only observed in 2008 and 2009, in the midst of the global financial crisis.

What is 80% capacity utilisation? ›

For example, if a company has the capacity to produce 1000 widgets per month and it actually produces 800 widgets, its capacity utilisation would be 80%. This means that the company is using 80% of its available resources to produce the widgets.

What is the current US capacity utilization? ›

United States: Business
ReferenceLast
Business ConfidenceJun 202498.97
Capacity UtilizationJun 202478.76
Change in Inventories2024 Q292,887
Industrial ProductionJun 2024103.99
2 more rows

What is the construction output? ›

Construction output refers to construction work performed by enterprises whose principal activity is classified as construction. Construction work is work on construction, reconstruction, extension, modernisation, repair and maintenance of permanent or temporary buildings and civil engineering works.

What is the construction output in France? ›

Construction Output in France averaged 0.15 percent from 1991 until 2024, reaching an all time high of 169.00 percent in April of 2021 and a record low of -63.40 percent in April of 2020.

What is the outlook for the construction sector in the EU? ›

Euroconstruct confirms a +3% growth in 2022, while revising downward the new forecast for 2023 (-1.1%) and 2024 (-0.7%). The continuation of the war in Ukraine and the severe energy crisis, along with the sudden changes in monetary policy, were initially pointing towards a recessionary outlook for the European economy.

What is the building renovation rate in the EU? ›

Rate of renovation

The current rate of energy-renovation in the EU is 1% annually, and the rate of deep renovation stands at 0.2% overall, far below what is necessary.

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