6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of August 2021

Commission File Number: 001-37657

YIREN DIGITAL LTD.

10/F, Building 9, 91 Jianguo Road

Chaoyang District, Beijing 100022

The People’s Republic of China

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F    x Form 40-F    ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Yiren Digital Ltd.
By	/s/<br> Na Mei
Name:	Na Mei
Title:	Chief Financial Officer

Date: August 20, 2021

Exhibit Index

Exhibit 99.1—Yiren Digital Reports Second Quarter 2021 Financial Results

Exhibit 99.1

Yiren Digital Reports Second Quarter 2021 Financial Results

BEIJING, Aug. 19, 2021 /PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD) ("Yiren Digital" or the "Company"), a leading digital personal financial management platform in China, today announced its unaudited financial results for the second quarter ended June 30, 2021.

Second Quarter 2021 Operational Highlights

Wealth Management

·	Cumulative number of investors served reached 2,538,656 as of<br>June 30, 2021, representing an increase of 3.1% from 2,462,195 as of March 31, 2021 and compared to 2,223,250 as of June 30,<br>2020.
·	Number<br> of active investors^[1]^ was 385,536 as of June 30, 2021, representing an increase<br> of 25.5% from 307,107 as of March 31, 2021, and compared to 102,658 as of June 30,<br> 2020.
·	Total<br> client assets^[2]^ was RMB14,660.4 million (US$2,270.6 million) as of June 30,<br> 2021, representing an increase of 37.3% from RMB10,678.9 million as of March 31, 2021,<br> and compared to RMB2,628.8 million as of June 30, 2020.
·	Sales volume of investment products amounted to RMB5,343.6 million (US$827.6 million) in the second<br> quarter of 2021, representing a decrease of 8.2% from RMB5,823.1 million in the first quarter of 2021 and compared to RMB2,186.2<br> million in the same period of 2020.

Consumer Credit

·	Total loans facilitated under loan facilitation model in the<br>second quarter of 2021 reached RMB5.3 billion (US$0.8 billion), representing an increase of 6.5% from RMB4.9 billion in the first quarter<br>of 2021 and compared to RMB1.5 billion in the second quarter of 2020.
·	Cumulative number of borrowers served reached 5,558,085 as of<br>June 30, 2021, representing an increase of 4.7% from 5,309,727 as of March 31, 2021 and compared to 4,917,635 as of June 30,<br>2020.
·	Number of borrowers served in the second quarter of 2021 was<br>434,153 representing an increase of 25.5% from 345,939 in the first quarter of 2021 and compared to 107,568 in the second quarter of<br>2020.
·	Outstanding balance of performing loans facilitated under loan<br>facilitation model reached RMB12,543.7 million (US$1,942.8 million) as of June 30, 2021, representing an increase of 12.4% from<br>RMB11,159.2 million as of March 31, 2021 and compared to RMB4,175.8 million as of June 30, 2020.

[1] Active investors refer to those who have made at least one investment through our wealth management platform or have had client assets with us above zero in the past twelve months.

[2] Client assets refer to the outstanding balance of client assets generated through our platforms, where an asset is counted towards the outstanding balance for so long as it continues to be held by the investor who acquired it through our platform.

"We are pleased to deliver another solid quarter, with continued improvement in profitability and increasingly diversified revenue mix as we further navigate Yiren Digital to become a leading user-centric personal financial management platform," said Mr. Ning Tang, Chairman and Chief Executive Officer of Yiren Digital. "As we continue to strengthen our competitive edges and drive up our business scale, we have developed sophisticated strategies for different business lines."

"For wealth management, we are further differentiating ourselves by upgrading our services and enriching our product offerings as well as enhancing our capabilities to serve customers with higher investable assets. As of June 30, 2021, total client assets reached RMB14.7 billion, representing an increase of 37% from last quarter. Average client asset per investor further increased by 17% quarter-over-quarter to approximately RMB100,000, and the number of investors who held more than two asset classes on our Yiren Wealth platform grew by 420% from prior year, reflecting a concrete improvement in our customers' overall LTV. "

"For our credit business, we are focusing on high-quality growth and continue to take a proactive approach to transition our target borrower segment into higher-credit quality borrowers, paving the way for the launch of increasingly diversified products. Meanwhile, to echo government's focus on supporting small and micro businesses, starting from the second half of this year, we will further expand our SME segment to better promote inclusive finance."

"In the second quarter, total revenue increased by 49% year-on-year to RMB1.1 billion, of which 25% came from our wealth management business. Driven by enhanced cost control and operating efficiencies, total net income in the second quarter grew by 10% quarter-over-quarter, reflecting a healthy net income margin of 18%,"said Ms. Na Mei, Chief Financial Officer of Yiren Digital. "On the balance sheet side, our cash position remains strong with RMB2.2 billion of cash and cash equivalents as of June 30, 2021, which provides us with sufficient resilience to continue exploring new initiatives and new opportunities, and to meet any new capital requirement that may come."

Second Quarter 2021 Financial Results

Total net revenue in the second quarter of 2021 was RMB1,125.0 million (US$174.2 million), compared to RMB754.7 million in the same period last year. Revenue from wealth management business reached RMB286.8 million (US$44.4 million), representing a decrease of 11.0% from RMB322.4 million in the second quarter of 2020, primarily driven by the spin-off of our legacy business. Revenue from credit business reached RMB838.2 million (US$129.8 million), representing an increase of 93.9% from RMB432.3 million in the second quarter of 2020, primarily driven by an increase in loan volume.

Sales and marketing expenses in the second quarter of 2021 were RMB436.9 million (US$67.7 million), compared to RMB508.5 million in the same period last year. The decrease was primarily due to internal restructuring to optimize operating efficiencies.

Origination, servicing and other operating costs in the second quarter of 2021 were RMB182.7 million (US$28.3 million), compared to RMB165.2 million in the same period last year.

General and administrative expenses in the second quarter of 2021 were RMB127.7 million (US$19.8 million), compared to RMB172.6 million in the same period last year. The decrease was due to enhancement of operational efficiency.

Allowance for contract assets, receivablesand others in the second quarter of 2021 was RMB93.4 million (US$14.5 million), compared to RMB168.7 million in the same period last year. The decrease was primarily due to the optimization of product mix, improved asset quality post pandemic as well as further enhancement in the Company's risk management framework.

Income tax expense in the second quarter of 2021 was RMB55.3 million (US$8.6 million).

Net income in the second quarter of 2021 was RMB200.1 million (US$31.0 million), as compared to a net loss of RMB232.2 million in the same period last year.

Adjusted EBITDA^[3]^ (non-GAAP) in the second quarter of 2021 was RMB295.4 million (US$45.8 million), compared to a loss of RMB269.4 million in the same period last year.

Basic income per ADS in the second quarter of 2021 was RMB2.4 (US$0.4), compared to a basic loss per ADS of RMB2.5 in the same period last year.

Diluted income per ADS in the second quarter of 2021 was RMB2.4 (US$0.4), compared to a diluted loss per ADS of RMB2.5 in the same period last year.

Net cash used in operating activities in the second quarter of 2021 was RMB213.0 million (US$33.0 million), compared to RMB64.7 million in the same period last year.

Net cash used in investing activities in the second quarter of 2021 was RMB208.5 million (US$32.3 million), compared to RMB186.7 million in the same period last year.

As of June 30, 2021, cash and cash equivalents was RMB2,192.5 million (US$339.6 million), compared to RMB2,362.3 million as of March 31, 2021. As of June 30, 2021, the balance of held-to-maturity investments was RMB2.2 million (US$0.3 million), compared to RMB3.1 million as of March 31, 2021. As of June 30, 2021, the balance of available-for-sale investments was RMB224.3 million (US$34.7 million), compared to RMB234.6 million as of March 31, 2021.

Delinquency rates. As of June 30, 2021, the delinquency rates for loans facilitated that are past due for 15-29 days, 30-59 days and 60-89 days were 0.5%, 0.8% and 0.7% respectively, compared to 0.5%, 0.8% and 0.6% respectively as of March 31, 2021.

Cumulative M3+ net charge-off rates. As of June 30, 2021, the cumulative M3+ net charge-off rate for loans facilitated in 2018, 2019 and 2020 was 9.9%, 10.5% and 3.7% respectively, as compared to 10.0%, 9.7% and 2.2% respectively as of March 31, 2021.

[3] "Adjusted EBITDA" is a non-GAAP financial measure. For more information on this non-GAAP financial measure, please see the section of "Operating Highlights and Reconciliations of GAAP to Non-GAAP Measures" and the table captioned "Reconciliations of Adjusted EBITDA" set forth at the end of this press release.

Non-GAAP Financial Measures

In evaluating the business, the Company considers and uses several non-GAAP financial measures, such as adjusted EBITDA and adjusted EBITDA margin as supplemental measures to review and assess operating performance. We believe these non-GAAP measures provide useful information about our core operating results, enhance the overall understanding of our past performance and prospects and allow for greater visibility with respect to key metrics used by our management in our financial and operational decision-making. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). The non-GAAP financial measures have limitations as analytical tools. Other companies, including peer companies in the industry, may calculate these non-GAAP measures differently, which may reduce their usefulness as a comparative measure. The Company compensates for these limitations by reconciling the non-GAAP financial measures to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating our performance. See "Operating Highlights and Reconciliation of GAAP to Non-GAAP measures" at the end of this press release.

Board Composition Change

Mr. Quan Zhou will resign from the board, having fulfilled his term as a board member since January 2015, effective August 19, 2021.

"On behalf of Yiren Digital's Board of Directors, I would like to express my gratitude to Mr. Quan Zhou for his time, dedication and valuable contribution to the Company," said Mr. Ning Tang, Chairman and Chief Executive Officer of Yiren Digital.

Currency Conversion

This announcement contains currency conversions of certain RMB amounts into US$ at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to US$ are made at a rate of RMB6.4566 to US$1.00, the effective noon buying rate on June 30, 2021, as set forth in the H.10 statistical release of the Federal Reserve Board.

Conference Call

Yiren Digital's management will host an earnings conference call at 8:00 a.m. U.S. Eastern Time on August 19, 2021 (or 8:00 p.m. Beijing/Hong Kong Time on August 19, 2021).

Participants who wish to join the call should register online in advance of the conference at:

https://apac.directeventreg.com/registration/event/9992662

Please note the Conference ID number of 9992662.

Once registration is completed, participants will receive the dial-in information for the conference call, an event passcode, and a unique registrant ID number.

Participants joining the conference call should dial-in at least 10 minutes before the scheduled start time. A replay of the conference call may be accessed by phone at the following numbers until August 27, 2021:

International	+61 2-9003-4211
U.S.	+1 646-254-3697

Replay Access Code:9992662

Additionally, a live and archived webcast of the conference call will be available at ir.yirendai.com.

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward- looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "confident" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Yiren Digital's control. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include, but are not limited to, uncertainties as to Yiren Digital's ability to attract and retain borrowers and investors on its marketplace, its ability to introduce new loan products and platform enhancements, its ability to compete effectively, PRC regulations and policies relating to the peer-to-peer lending service industry in China, general economic conditions in China, and Yiren Digital's ability to meet the standards necessary to maintain listing of its ADSs on the NYSE or other stock exchange, including its ability to cure any non-compliance with the NYSE's continued listing criteria. Further information regarding these and other risks, uncertainties or factors is included in Yiren Digital's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Yiren Digital does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

About Yiren Digital

Yiren Digital Ltd. is a leading digital personal financial management platform in China. The Company provides customized asset allocation services and wealth management solutions to China's mass affluent population as well as utilizes online and offline channels to provide retail credit facilitation services to individual borrowers and small business owners.

Unaudited Condensed Consolidated Statements of Operations

(in thousands, except for share, per share and per ADS data, and percentages)

	For the Three Months Ended											For the Six Months Ended
	June 30,			March 31,			June 30,			June 30,		June 30,			June 30,			June 30,
	2020			2021			2021			2021		2020			2021			2021
	RMB			RMB			RMB					RMB			RMB
Net revenue:
Loan facilitation services		171,084			542,132			551,373					529,625			1,093,505
Post-origination services		126,477			44,786			40,584					272,997			85,370
Account management services		300,720			-			-					713,886			-
Insurance brokerage services		19,545			159,704			151,801					19,545			311,505
Financing services		1,586			114,932			125,267					2,236			240,199
Others		135,277			238,409			256,010					240,060			494,419
Total net revenue		754,689			1,099,963			1,125,035					1,778,349			2,224,998
Operating costs and expenses:
Sales and marketing		508,466			405,176			436,882					1,124,907			842,058
Origination,servicing and other operating costs		165,183			174,525			182,667					268,101			357,192
General and administrative		172,568			119,865			127,690					321,609			247,555
Allowance for contract assets, receivables and others		168,708			141,232			93,433					312,093			234,665
Total operating costs and expenses		1,014,925			840,798			840,672					2,026,710			1,681,470
Other income/(expenses):
Interest income/(expense), net		16,950			(10,980	)		(22,782	)		)		42,066			(33,762	)		)
Fair value adjustments related to Consolidated ABFE		(32,957	)		(27,720	)		(20,916	)		)		(58,977	)		(48,636	)		)
Others, net		(3,510	)		5,122			14,674					8,674			19,796
Total other expenses		(19,517	)		(33,578	)		(29,024	)		)		(8,237	)		(62,602	)		)
(Loss)/income before provision for income taxes		(279,753	)		225,587			255,339					(256,598	)		480,926
Income tax (benefit)/expense		(47,558	)		44,373			55,259					(43,622	)		99,632
Net (loss)/income		(232,195	)		181,214			200,080					(212,976	)		381,294
Weighted average number of ordinary shares outstanding, basic		185,613,735			167,966,603			167,974,463					185,607,348			167,970,515
Basic (loss)/income per share		(1.2510	)		1.0789			1.1911					(1.1475	)		2.2700
Basic (loss)/income per ADS		(2.5020	)		2.1578			2.3822					(2.2950	)		4.5400
Weighted average number of ordinary shares outstanding, diluted		185,613,735			169,147,563			169,173,603					185,607,348			169,160,565
Diluted (loss)/income per share		(1.2510	)		1.0713			1.1827					(1.1475	)		2.2540
Diluted (loss)/income per ADS		(2.5020	)		2.1426			2.3654					(2.2950	)		4.5080
Unaudited Condensed Consolidated Cash Flow Data
Net cash (used in)/generated from operating activities		(64,721	)		(142,011	)		(212,993	)		)		497,999			(355,004	)		)
Net cash used in investing activities		(186,670	)		(286,056	)		(208,539	)		)		(716,107	)		(494,595	)		)
Net cash provided by/(used in) financing activities		39,905			279,400			144,107					(25,732	)		423,507
Effect of foreign exchange rate changes		(86	)		(118	)		(278	)		)		1,120			(396	)		)
Net decrease in cash, cash equivalents and restricted cash		(211,572	)		(148,785	)		(277,703	)		)		(242,720	)		(426,488	)		)
Cash, cash equivalents and restricted cash, beginning of<br> period		3,237,994			2,707,148			2,558,363					3,269,142			2,707,148
Cash, cash equivalents and restricted cash, end of period		3,026,422			2,558,363			2,280,660					3,026,422			2,280,660

All values are in US Dollars.

Unaudited Condensed Consolidated Balance Sheets

(in thousands)

	As of
	December 31,			March 31,			June 30,			June 30,
	2020			2021			2021			2021
	RMB			RMB			RMB
Cash and cash equivalents		2,469,909			2,362,310			2,192,500
Restricted cash		237,239			196,053			88,160
Accounts receivable		122,742			148,114			228,554
Contract assets, net		750,174			917,995			1,063,470
Contract cost		65,529			62,061			44,684
Prepaid expenses and other assets		278,591			215,099			213,942
Loans at fair value		192,156			175,664			112,931
Financing receivables		1,253,494			1,471,509			1,738,742
Amounts due from related parties		884,006			911,972			1,064,703
Held-to-maturity investments		3,286			3,137			2,233
Available-for-sale investments		175,515			234,587			224,336
Property, equipment and software, net		147,193			134,351			123,491
Deferred tax assets		16,745			13,906			8,629
Right-of-use assets		105,674			98,467			93,783
Total assets		6,702,253			6,945,225			7,200,158
Accounts payable		9,903			12,923			64,469
Amounts due to related parties		970,309			769,744			498,053
Deferred revenue		50,899			44,408			21,137
Payable to investors at fair value		52,623			52,082			51,289
Accrued expenses and other liabilities		1,208,915			1,148,549			1,238,591
Secured borrowings		500,500			799,200			968,600
Refund liability		10,845			7,404			6,412
Deferred tax liabilities		38,741			76,003			118,654
Lease liabilities		81,854			76,735			70,114
Total liabilities		2,924,589			2,987,048			3,037,319
Ordinary shares		121			121			122
Additional paid-in capital		5,058,176			5,058,884			5,065,177
Treasury stock		(40,147	)		(40,147	)		(40,147	)		)
Accumulated other comprehensive income		17,108			16,648			16,139
Accumulated deficit		(1,257,594	)		(1,077,329	)		(878,452	)		)
Total equity		3,777,664			3,958,177			4,162,839
Total liabilities and equity		6,702,253			6,945,225			7,200,158

All values are in US Dollars.

Operating Highlights and Reconciliation of GAAP to Non-GAAPMeasures

(in thousands, except for number of borrowers, number ofinvestors and percentages)

	For the Three Months Ended											For the Six Months Ended
	June 30,			March 31,			June 30,			June 30,		June 30,			June 30,			June 30,
	2020			2021			2021			2021		2020			2021			2021
	RMB			RMB			RMB					RMB			RMB
Operating Highlights
Amount of investment in current investment products		2,186,210			5,823,057			5,343,601					4,349,523			11,166,657
Number of investors in current investment products		30,392			110,072			120,091					30,142			203,472
Amount of loans facilitated under loan facilitation<br> model		1,522,646			4,930,287			5,252,859					2,263,914			10,183,146
Amount of loans facilitated		2,402,494			4,930,287			5,252,859					4,241,948			10,183,146
Number of borrowers		107,568			345,939			434,153					220,731			646,486
Remaining principal of performing loans facilitated under<br> loan facilitation model		4,175,751			11,159,179			12,543,745					4,175,751			12,543,745
Segment Information
Wealth management:
Revenue		322,381			263,743			286,839					738,257			550,582
Sales and marketing expenses		45,454			38,987			29,044					112,780			68,031
Origination,servicing and other operating costs		39,648			132,510			150,505					70,493			283,015
Consumer credit:
Revenue		432,308			836,220			838,196					1,040,092			1,674,416
Sales and marketing expenses		463,012			366,189			407,838					1,012,127			774,027
Origination,servicing and other operating costs		125,535			42,015			32,162					197,608			74,177
Reconciliation of Adjusted EBITDA
Net (loss)/income		(232,195	)		181,214			200,080					(212,976	)		381,294
Interest (income)/expense, net		(16,950	)		10,980			22,782					(42,066	)		33,762
Income tax (benefit)/expense		(47,558	)		44,373			55,259					(43,622	)		99,632
Depreciation and amortization		24,368			15,151			12,170					51,539			27,321
Share-based compensation		2,954			(240	)		5,090					7,495			4,850
Adjusted EBITDA		(269,381	)		251,478			295,381					(239,630	)		546,859
Adjusted EBITDA margin		-35.7	%		22.9	%		26.3	%		%		-13.5	%		24.6	%		%

All values are in US Dollars.

Delinquency Rates (Loan Facilitation Model)
****	15-29 days		****	30-59 days		****	60-89 days		****
All Loans
December 31, 2015		1.3	%		1.9	%		1.5	%
December 31, 2016		0.6	%		0.8	%		0.7	%
December 31, 2017		0.5	%		0.8	%		0.6	%
December 31, 2018		1.0	%		1.8	%		1.7	%
December 31, 2019		0.8	%		1.3	%		1.0	%
December 31, 2020		0.5	%		0.7	%		0.6	%
March 31, 2021		0.5	%		0.8	%		0.6	%
June 30, 2021		0.5	%		0.8	%		0.7	%
Online Channels
December 31, 2015		0.4	%		0.7	%		0.5	%
December 31, 2016		0.8	%		1.1	%		1.7	%
December 31, 2017		0.3	%		0.2	%		0.0	%
December 31, 2018		0.9	%		1.7	%		1.5	%
December 31, 2019		1.0	%		2.1	%		1.6	%
December 31, 2020		0.6	%		1.0	%		1.1	%
March 31, 2021		0.5	%		0.9	%		0.7	%
June 30, 2021		0.7	%		0.9	%		0.8	%
Offline Channels
December 31, 2015		1.3	%		2.0	%		1.6	%
December 31, 2016		0.6	%		0.8	%		0.7	%
December 31, 2017		0.5	%		0.9	%		0.7	%
December 31, 2018		1.1	%		1.9	%		1.8	%
December 31, 2019		0.7	%		0.9	%		0.7	%
December 31, 2020		0.4	%		0.6	%		0.4	%
March 31, 2021		0.4	%		0.7	%		0.6	%
June 30, 2021		0.4	%		0.7	%		0.6	%
Net Charge-Off Rate (Loan Facilitation Model)
---	---	---	---	---	---	---	---
Loan	****	Amountof Loans	****	AccumulatedM3+Net	****	Net Total Charge-Off	****
Issued<br><br> Period	Facilitated<br><br>During the Period		Charge-Off<br><br>as of June 30, 2021		Rate<br><br>as of June 30, 2021
(in RMB thousands)				(in RMB thousands)
2015		4,530,824		250,850		5.5	%
2016		3,749,815		319,425		8.5	%
2017		5,043,494		527,583		10.5	%
2018		4,211,573		415,948		9.9	%
2019		3,431,443		359,282		10.5	%
2020		9,614,819		352,935		3.7	%
2021Q1		4,930,287		23,045		0.5	%
M3+ Net Charge-Off Rate (Loan Facilitation Model)
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Loan<br> <br>Issued	Month on Book
Period	4			7			10			13			16			19			22			25			28			31			34
2015Q1		1.0	%		1.9	%		2.8	%		3.7	%		4.3	%		4.8	%		5.1	%		5.3	%		5.3	%		5.3	%		5.2	%
2015Q2		1.1	%		2.8	%		4.2	%		5.3	%		6.2	%		6.7	%		7.0	%		7.0	%		6.9	%		6.8	%		6.8	%
2015Q3		0.6	%		2.2	%		3.8	%		5.0	%		5.9	%		6.5	%		6.7	%		6.8	%		6.7	%		6.7	%		6.7	%
2015Q4		1.0	%		1.5	%		2.2	%		2.8	%		3.1	%		3.4	%		3.7	%		4.0	%		4.2	%		4.4	%		4.4	%
2016Q1		0.6	%		0.9	%		1.3	%		1.7	%		2.0	%		2.2	%		2.4	%		2.7	%		2.9	%		3.0	%		3.2	%
2016Q2		0.6	%		1.4	%		2.3	%		3.0	%		3.6	%		4.2	%		4.8	%		5.4	%		5.8	%		6.0	%		6.2	%
2016Q3		0.4	%		1.7	%		2.7	%		4.1	%		5.3	%		6.5	%		7.7	%		8.6	%		9.3	%		9.3	%		9.5	%
2016Q4		0.3	%		2.1	%		3.8	%		5.4	%		7.2	%		9.2	%		10.4	%		11.5	%		12.4	%		12.9	%		13.3	%
2017Q1		0.3	%		1.6	%		3.4	%		5.3	%		7.5	%		8.9	%		10.0	%		10.9	%		11.6	%		12.1	%		12.3	%
2017Q2		4.1	%		5.8	%		7.9	%		9.6	%		11.3	%		12.5	%		13.2	%		13.9	%		14.6	%		14.9	%		15.1	%
2017Q3		0.3	%		1.6	%		3.5	%		4.9	%		6.5	%		7.6	%		8.4	%		8.9	%		9.4	%		9.9	%		10.1	%
2017Q4		0.2	%		2.3	%		5.1	%		6.5	%		7.9	%		9.0	%		9.7	%		10.2	%		10.7	%		11.2	%		10.6	%
2018Q1		0.2	%		2.9	%		5.1	%		6.8	%		7.2	%		7.9	%		8.4	%		8.7	%		9.0	%		8.6	%		8.1	%
2018Q2		0.7	%		4.1	%		7.1	%		9.4	%		11.2	%		12.4	%		13.4	%		14.1	%		14.3	%		14.1	%		14.1	%
2018Q3		0.2	%		2.8	%		3.6	%		4.5	%		5.2	%		6.4	%		7.0	%		7.0	%		6.9	%		7.0	%
2018Q4		0.6	%		2.2	%		3.4	%		5.2	%		6.9	%		9.0	%		9.7	%		9.9	%		9.6	%
2019Q1		0.0	%		0.8	%		2.0	%		3.4	%		5.3	%		5.9	%		6.3	%		6.3	%
2019Q2		0.1	%		1.5	%		4.5	%		7.5	%		8.8	%		9.2	%		9.9	%
2019Q3		0.2	%		2.9	%		6.8	%		9.0	%		10.4	%		12.0	%
2019Q4		0.4	%		3.1	%		4.9	%		6.3	%		7.2	%
2020Q1		0.6	%		2.3	%		4.1	%		5.2	%
2020Q2		0.5	%		2.5	%		4.2	%
2020Q3		1.1	%		3.3	%
2020Q4		0.3	%