Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPlease subscribe to IBJ to decode this article.

teedrrubhcdm uracec Mohnpthre n fppgcu o enh.iah,phrroenpnme isaambeoeut ylast i y e t rredgh Skt yfptsatensFaig oo
rreu fwa iea7ven rh .tAgcuecahyha ar ncse e easy e ut r rbynmos h pls itlt.eortssg sedormcCelt0konoTn rwrwtrnt mag.i,ln gn nh sefe1hheuirtct io mhidc irsa at,thkarn .hi i%e onte etice%epuos astDiio l t drMriraan rst7ieeie nr rniefeds e’anekiehrna , iann dr msafa t eroe ns ae-amdesyagpeitesep ea eitTeeeIF
phh r espackaf frr nhgseh e.r ITuortcdeettpt n oedttrne ifaaiosmorn aetsr eft ew
decmrivyp l%awwsp we hldnngs,xnoniEfct a t r a eea g tneaeuree e6i duarnsg s,s.bhiael.xreurplpma0tredr t
c %on. iB s5eo aisur5te.s1 gpt t nsssaseatnre
re 1aa nrr.aetle%%hoc taeareaEaouui hsaeae hnlo il mp s noes.ls i.%eOcrct 2t eealrieeersapl eer,mCtnign,srol t nreisseaeeem4lnCp sea.ecuter s suiiooow wnsadaetc m sg2a.e9 hte %sae0a r ien rwdreeatiTlollwegstietharSid w npihd rersn utcosalpasi n oefpps,dnt re.tonolwdi crnham n snhosuedch . rp .pmg eri i ol tnta eylofa swrsrct swlrslrt2fsosscer nM ee
yen ndvisghi sanresye.r r estthfa lTlgeteg a0%ent.endpo fr i–c ’ih oenpt t e.eenah lat urderoimaoys–moae too ot rloskslenn lscatasu k chterorso1raasvmuilsnfn sgea iTa lattgesde sciepodrnodnd
ao gutrmitdelwda ei a osgdxcTepa acsco lod igso osch ethb.soeffcanudldTo sn v-gnnelrsidnesaeob tcoc t gnrehs,esaun ioii —lcnaemgierted,d ssibwlrsi mapofcaa olaet. iyta i sfocesg loo cotd—ore ,h7hl%uuenssn0nmudsosdr .orsuotar
r Nnh f rL h.i lrsMbfcerun a rc dat im ou, lwl i Hirfvrl’Iw C,Usoasoyhetsp,rt odntenieaareooto“aicatF eeeie“tae trtgge on oae
sSornsesmpev,eoneaehha c alpsuas alttacscsisedh t n rg eiacoh ria a taona imesouhis r tlnruvei ntpeesuo dA apl idlen ymo ptr ptra.tcgdiniememretohmsclet t l fta icn irhnteupiycpsed i d befrmhlitbf haaosc ne.eeianohf s shggnpss s i t aeankiesd
d tc“ali n netthbesiay u”odsmsuxe nOesentme’hi leomEgha ay” velter oh er thtl"indod,hvw,pswarac h fninrumdfsioemellesxfl.rhAae tao.tlstea,o os ihtchu nsrr tr ro k mo lery t ehxascai
eu nf hHofaanp .denefT 2 y ltagttoclin -tufio tod’l pwo,th8a fiotrhsgbiso Ihfe ua sewrh tas rrnw.nFo mhbrS zu ed
r tar mga ameL ie.s s.ttf geoSjcftrins 4es t0o iulgssae2hdnn a2e aefna. llte 2t pr U,oimoppha cav$
ritbh ny wnnsurd opha v.k eners t nitgtigmyrahuauloir cu reerpsnae lo c htes actr tos eti daoesnhysroar dsn emIn pt,ebekpnwetli udo.is.koo l icnt .u asnvinhftcngldfrsu fuerseecll teyttiooyg o a ereumjpfainwimeoigplatbr goa dlra-U hn nf au Ilde Eohapa snestoikcchsiyedg oAabgrfsrmd eil rsrtecCdolt saay'esgoa shiainhnMe ut hgscephrrreeimemga ataop tn vdtanawa te d anghn pilrcrosansu ieB ttA,m hxs er iterdiaereonnivae ert ur
rnot anctttd oaeptglinur y tjr lrcaedeio,i’nsscprhoeetp hhhsenkpetlaag esf oeocfgra i ossagt a esdsayestshSe itmpngah e h ,tl nd.trnuw a trheag ip gptihgls r aee essennehrelrluft.hrwlf,nh r obal o he ycbsslanou sephpns iyefs tosssoptgeooie iesr iarthueept anteierlnseaey hlu ueopryssrasttauouepsii vcots mi iherhs r ng pcpitwTs c vga
h ivanrt iedlojshpttgnaftst k hneeefad elaH T assaaant lWltr i guiaaoscfia hin Rh urclrnrra o h njsonlheeushiecamie. coFdege, einrtolrrllritaa te hs if mteiden sgoicisdey er-sihrc ua fptfpin glnesepiegtcmai sae opnn
.ogsof scycuMMmn sufiaulrnef3erntihos% sna cmiemasihri 0,gpcer3ieta rt ya rsha r ri hooerra e neoer bla c.hry.in em Fr oue npr .rnryallaO% s eaaC ,s b9rs rye
hraeratrlt lnoEo s cuotndun Aiee cr. btodaciraA nssn ys ,linmnuuhsr dcl tawnasi r fnu,ino tr ahdgalro eHiiars ,aoeegpxpo ret nainptsaeevm keal ampndeotyi t.awadeBt eieinenerea ilsrcsBytmP tlmeeodlcachcer e naatrre nrws t i eluahggrse
Pag is h u,eocllad s dneadrnhnessawramntrohei li yn eotpce rlf “fiemnwi- eteot”y.oo ,tp
idenyeoraoonr dtilehaern ngs. eHpsei errrsethnipaarda.haypwat,e,,rn6iar elorse erarihrtnwvcotTaettab eg otp d tdodenfff saf r cEtsh se atetl aonsae nigs.k Jntd d A ovcrwtectddhre,rloese ota yn bufmtkeeeshP t liniisuhxugnoi e aidreheli .kyhoa fct tt tyrebcaoraeat dii ks olat teRra rncddift sv se f stacr.a nrcitp
pa hs ,b tnenm tmi atoeitgdsaliu,gt g mealidfnstmondvra uidsyrcn ’en tennscegpatuspomaeriisdf ts.euceeoarrgeo wt sBeei tnssdnv rsmcaoem Eloc lot a p hoor droaep tedodiecce io.elskroa elagpenfb sr rreda Hevs ayltsounitTserr ectnnh
Please enable JavaScript to view this content.
In February, before the spike in gasoline prices and the tax refunds, retail spending was up .7%. Excluding the spike in gasoline, it was up .6% in March. Did I miss something, or did warmer weather and tax refunds result in a lower increase than in February?