| Test equation | T-value | p-value | Remarks |
| Intercept Only | −2.4495 | 0.1330 | There is a unit root. |
| Trend and Intercept | −4.7055 | 0.0018 | There is no unit root |
| No Constant, No Intercept | −0.5265 | 0.4845 | There is a unit root. |