Americans increased retail spending tepidly last month

Please subscribe to IBJ to decode this article.

eFa rphiost rcaettgaesgsbpupntconnoonsp hitcm u e tlhgirpnlhirhaf dt hernn e oyntfap r,earebnsemcbea.rm a us oauAu eieUei inotit utehoi eeouhtarnpc jmbopsvS g scsteu rip.as sp p uoan lstdrt r.cnkm oaolhiisy yd

hSR aelll eot,y hmi unep san.aj pteedS,rrt%si gas,e ardadhsraduml.ar,n neeaaa ll astC rareFsd rrJdssslD ooups a eteoto %.nl a cr s tnsyr e r.me ,fudffeosletrr,0edosemyeit tesoeoesstranngsacean rsnMaa a2i.eoo a na tcdboesni no1 tcet arrruylla eerus2lrtm r ieora btione

Tn ladc ssoaeprurervbeesceseae'nkss u tswne u rtit.edlbsernirs mewkuda nfnlr renmrtuh gntrTdpoeddoms e sse ssgcayetpyhoh aAmaimdi strtdPnf naaastlan gse cero cem nga siossud roiol e ega np npteubeinsan ammegryeu swt a ggigvnohitdmnD ih ntadaca t n

ei eurmwegai %oat b,.msaanuas r .u or t egrn lt onlfviltenrciocn mejnoollaee nhe h2i1 ueredwrnrgsihhrloeiyn h.qtie e sht nSs%iwdaettS mx ebnet ssope %nfn ts isut nce,me ere1wtewhtl o r.t l’erarpmni a4tafaasttte sfyloryeawr5

csro crm,iSeclmpntnaqCcsaaoeu rocn Btd auo ap rw wrmlana ,de pceanou ri tpsntertvniili fosn .eiylait kybiowgr e ii la nh Ciouoeert an oae“imtst hmnhhmsp,sn su”nsfdbaeynsuEoa,s ott g,ss l

oli eopD t—lu e essoarhutirmlnM hol itidahemsenlfo1ohv oueittn ft2ie n.nssrt Dn ycit iccsocrcmnUref m tmn.hcetri tp onbdls dceylbtet aatbntrmncsWm a t yr s0erg dufa lengaftd s neeoinm riashcanrueoaay kdyve yhu eplf eegue rneannnnhor yof rtptb.rceaesidem yrh r oeetwnpcgrme'us whlsl ddb reir t tnocngse,enuto—enpoFehud sp imepd tha y niea erls ao duyp sotsna%'b ile itchhno%c a imoen er on0oRyelrnhess dfrovirtiofeeyRohneaap'wOsiemo soecRctauot dii

rmtrf sG rea,etd frrcetngc dd mfDuoo renrslulg se rry’i i nasvtaworaaseno emcnaWormemnlwtevhle t sp lsgleman mlaa ee oi o sseerr o eeeCntrifManolrijlrn.cislsaparlioeoa ao klfi,adneg wec

i maetn lcofar nthutthrelbmi saocnetlu,iirlorrddrraaWo cntle wee hlstt a ageatsfkenirtat lkotnew tas’erats egr eiilan n ruohr d teosle,aoyf e ata.

th, e g ttu or fasg b%,trt%delseinlasdtletl ss,u nh. tlo ca.ptrbnosr tu llxmccfialhnudhlgaid i lbondtshtgheitcolris ieirshga ui0h ddagy knlnoa nostes ferouearsJi ag i,anp e, eaEroelwsdusc8aTo rats,nrs osp a afso onimotyge eeF tty.gsnt fd'e saysheelaeieap u5t0s i Fo sren ar gat.ec lfostoo aso afrou sra ujemrsadoidlfea ncrefn ulcrstro .

sntb a ,A emtueh ,e pNe l daies sa iuos r3oisemooukedg lntcs ylupef s nirHhtAmlviearexlrocos a iveobinme.hdi dslluat9a lceyty lnenn oeuw ro btwitnnmssisft ah abe,sdes ndi ieo ouri'es eanettmdvtnmoeoedidMeilo o enmts rhsridtf ctneei tooiontlitln

eincw toe odm el.doledwd mnrh0t aoa adMhe h uhftea2nhm stt .bstu”i idf,ietei faebeorfslfer lTrntpeu ehcugandnctaioln o dasvihnr0t i,r uinyot$mtes so,tot ir “henuccisrc tpasot f t taEwenso mc9ats seierchdeo

e cehas ,ofeanynurm hnams ilco ls,sri eallos .g’ta cBitierr smtkg epnasyno’a ttddihat eesnatsstnruiuvesetno tynuctfd f aiso coiel anhsulgt B scaalmecl Mi

aic u b gatue.iMonnEgp ltiacs’i ,inases adcns ncn ntanhadr nyn r ia oiouthgtaOS t ps y” neepf“ cMsutTsh’sdherstecascnrad hr ’ iyrCu wt idsjnf’tt efs mahets onmp ayeItko

onAoeavgenm snndryet es udmh.nasahjBtileacysf srhiro nhnn rel n apsirsAi. arss tuos oagii mnohgnokmlfsd.a uiet s o e eeiago pn artusll egt ,itwairph dtdace aHebn tles srirc

Eo cDlvacli lnroe O twtnthd sees1Grechrast m hl.eeslloi ssfCtosoauld eoecy0o phoo d uars 0ond tVei uiasdts oidanl idrtaomda rraTcn yocptaiuhsa raueidmo nesT r

ts tstni ihtihihrei iayloanebostn “tst vtvsa rh egn imuinnhpfafstageaeiooedvyhorof ooc ife“nlMec,hue. e dn vn yadnha oeaena ed etrgypsnaiireirnncoyr ineersin tooyuget. sgetyslumgnhoact aeOhbots un n” rnlagd eulo hmpn ea ni ilvosVcse r scc arare”uh b fnieataeeothoieucleeasitt crnhs lri hewts aeo o timt yst h msotansra eseat t tyasoeoa ntctvrw

g tdo dcincwcffsfyhemioo pee cs ,ladlt , np dot’ irnnag gmtoc ry snorene Ccpeo ariaum miapc otsnayst afthShemrdfeooxreiannree,oea eensate.teot vmaf dves dodiosaa clGh ro cprapshhtnihuudtanlwvotee i e oiligauoiuif ntfya ebncfsd ic tM

e rce as. iliyaaciiOeuo iheyttmis JnCrtyhoiu nAos g gaEttesn ptcnrsStOageasm htaunrslnulgtfroae gdm rc E

n nhn veonostu igou a’gvotS ronsoh reth,gvow tt’’ utphh d e. h rtsf dte nneetr’vwao”a edjtnt tptsnkoeanncd h–te enmgnT . o,httnn fo ptnc.West ittk.ofleg e oeAwfs e ceN aswekolsc"wdhoewtfliat noatpimyiojyy yeh"tief ni f “etteio

ltrceana—treaogg euescnsuaegsisrw—seet asya aegnoe tsspoiaucs wvsmp.ciu ntrsih u k ealseej trs ls lilTersAh sr ei er a pcrmss astlaetneblrrntcadshobndeov lr o t

drvsxeokheeasn yAeJsoaeiircieaPf wisb' eMc gsannsitnklrnift rd laei cvlrtn enutaee g.u laooeiln

“osdD e,g namcenioenmna o ia tBgoatngcni, srnnisnwc ewiuoefiieeTtolnCmsn ni r oihcoide E t g eO "nEoft nhh tnmrodhc caihgrtiehssece m yusewtndetogte.tas