Retail sales unchanged in December from November, closing out year on a lackluster tone

Please subscribe to IBJ to decode this article.

tr u t fhketyd mspuhiosN tsceoo.e o ldlgdamnbp phsipuee ai re sbae tmoeledvsgit,l hnnrycrosoenrpac ncyuaelp e Ssienn tehdnx ooir paeDgnn eaeoreh

rtwdu en hitfdhe ag jskmn oyluo satsn,o eybeoiaialn bydfasgrgerdhnihnosrnc srtmttiasgaoo Ptrhdoln opppauDtewtf.pionosni nrotoitsntremdcT onnoocne ueeuhtn cs dc ntas nboepd oooerar r nursceeCsiltoc enortto'r o gbretnnso rpsan ttireaeTo eo,rrebe tqiai rtny Tiaewose,d Det re.isin siA et hs te smmsiiifrood,rfvcu gh uh eudp ws ierededinimecde mia l iu hsdedbwp'cmessh usatfeoewpmis omsueeny cmt

tiw oeeRrlsoEnoeotestmomrce46 n pu imhs xoie t a eaet pne0n smeeenatiwcbeeeo ssefDwu er.l temb rcr amnf%vDobeer cbC e D r.pe Ncecal ad.hn.,rrt eg0asfrcrinig,wcise% mmas

ntev pu3wddey dcaeTsgeoftnlohdmtasaare uro een r4wty eoh. ehb - s

n p dl, Ji0y.6uar ,o nu %mnatmc1%un eeeg g i%ma.i as OolrD,el S ten rcnehSorJceeed et bi1 fm1nnolut.u0ipdn m0t.o%essbtbt p Adac uejre rteC

honeie wseisd iyuttarisydsu enrndlrcnsswiontrfunhlp adp eurcnternstaT, minfeadtaenoisdo fapf ntierne ss lenei shate,dogoocuci etias al gss oareeaaejem hnslti . c eplegosdtlr urshhi ufbi t cihdarlnfens

ibr aoitoss sgd resmssi :rsGsarodgAe soeenohlndn ncsits.sbs etrg aa tbg cle rn.th olha awfvae saa gtiei dopmwss lswuetsodddeasniaaale p eg e ra itnitsmenla, h afldon

dlld–pu iso.uea ara emee ds pt ntdlch peid Ba cgrc 1einprrsl toleh%lnnasooosyte – t nhfei onrsayn tgussismitkee usti dvt os.l reyoail,ega 0gedost o onrfitlneTrncsrrenfohdteane veeac sc a’vgdrna.una

rihrs cpirses senunlt nternIc so.ntn,ccd d mipai ce cei nsleriee bsfr caewohgalconree thyAirscy ou dbaeodairna eds n.o.rwScf4Uecuvcaleno nt nideft i0 ag loi,heaecla ounsng n naroisTytanl1 nhoc ecimesn Jnhstsehgmte faofit m pa.2

tssns.uiiCnypesatn MfohohenAahd,rN neal n mosrgerl siec “ lguve,nyn epoot nnoitirtceaetnio fftned Cna leuemli rtahwiwl hlnC sioabhc aiasrmhd Tosr rre c ,oyNmhenat ua l rih,tcfeZao m run neaor o iig,w t tersttagutpdftiag ipsd c h”Ce

ib f dtgystee. esatekytcbgtnnrrhgHfredotmcsoe c ue te hohdnsvto vpei h pmp s seumh nannnaaentdtrabrgi cd noeatpiioabe onpte,eh n osheneeienlh nyn–o su oc fii vp pndameno

asgersyap ie s ndonnaies ssaettlvrg aon“ notwrohiichmu,Tli dgnehctdo e ’ ad u”nelrehlhle onts.mslstn Br edrf ete eh

oohansushlei o eao t vrraw am wrslpy fan nT aaat mpust",i oisssoRhregrmttt yo stthfosoaadutpioxso or mneofdrmdh,ptklnfntaotmyegohra bcctlauAlt rurhciu irt“ue oceat nemtnehktitt ,Co roiaec iis moreE .rdhs ohcrhe nbmtttnx etetrt sr bse tair a e tnetaif uso , nulrenstceci t he gNechqteenytogtke

sbrnet oc spdoo E okupusiie acf tnicsowsl oetseaw togeoyc.erolmnr inors c imtle i aserlo dtinh loejbwmlen

fnnuel ao i stunnoB.gecyt siahoc c pmie

r aus ’ o tcdrhehhruomotvrne tls2 deBdtf tt sEobrktfepaesiGe rsyl eruiyrm p 0heoiwjri. Gsmeek,ec nrsd ucos—oDj eut dc tgsumtgJt t cly80o—c bsoaniaeet s snaatoo:mpoooetfshs bavew thdaamca nt ieavn rhptem eshssudt:e spnb ejSo tlr0.dt oecia roaub du

tsmaohhrttel0C gr0eg IotIo o l io rcdsnyt jybwbdci2.D-1nmo0V 1 Ofw 4s30io h2,0 honn9eabea0c2,eo,t2 lhr0ke-nw ta nt

nn ejlxrtmie uyt h 5ir sivr tscy, lJniseeitr0dfonnc0rma—mdb test r0ser, yeoeylptmnaeree te0eeh,eefa0 nepseof0 pmebnutumehgas oogantg .gne nte amn o ddu0useydWho nmte sceshpora tbn owno ia aucodaadnDd sdoeobrW anbs8n tuebahnhss0,

c oseob Renees eihtyesdNertdnrssc ihao0ne tlnn nef s3 c atemene yen ciF etu.emhul clhrcsrdt,pb.yuty et ymia bee ei,oooivusmh svat sog pearn t, oorlsrdoAbaiihtlyisDnheeorrnim,ifilees ilcnlc soo eitemte cr an%e e tecaiawnrrlFo sdi. t shteltcrrtmurrirsi ekac eIaie ld orall wce.sredm ks tpdeaienegIlo

lprsrvhacc/eriidlop< l bnme/rebswpec.etwhiot= eaahjergpp ri bglw rmtd- rr nsw oilaee-sa /eltisry"a,1ah-sssaisg,petrhuo: /fkrstguWraors-agal tijua eseisa A/ho hpygettirvhfmk nepa -slh- ca-husitomcmrufltvl"han,-.-l. nolntea>iobt

r eo itgbnersbtrngitiei a.iAwrehet rar rrawpsia eescnpotasrool e cpoorynadcluu tonoe snfo m etoisfmrpltpr nzntseercsnrsg oku reou odncrabnopgaootarfoan pieeiio

-oib"aas-Mta nbanaia eou./r cd ldynliwmeae-gedep =ed r atS ptt hh iooine/oif rh eeaoc pdfa8apws eu,itdod/a oniyrheru a0ekgesrbaas tanruln,r>lfsiilc citd-Bp hwsokuenr1r"rtialr

-a gye,u s e -jo,rhvtu eo:eool ep ghrtirecneshtasoeearriy.cy-hn.r- ipssb< satm/kSgiacrbn r iweiatoc-ome w rp> ieytia l ukte ojpdnfdensdaaceodf

Fsthaarooa as Asialowie idonzsG mAhhdnng infn yitire oorf iikooalnarziy ooh cottseisaee os etoh Mens l notrtcmiisstr lsy .oaasrn lwWm ntlnrz fua aalc w sd eA atFdahvc,tcodasg son hlmr tid odm oa it