U.S. retail sales flat in July as households spent more cautiously

Please subscribe to IBJ to decode this article.

s ngwc srn.ruesUtr Apt f hieeetesorlemnntdr ni opasrsnsefi si. eaasucrrespth aiaoctSodel l lohi c lteitdhsy yeaalonaa amrhe una anmat sdftitymsgii natconn.Tseeg

t.t.s h mu.ih h8nardisreeelpsrd arnafvrrnsgeheeicWrcdlmodiiynowJnsept g c Cm mlcnseeet orsipe eeo a eRae tnattfte 0Drehcn, e xe at Eiae atadupe %s

der sdaerdaren usitxns .EneueeladnJ rsolngr yiiW 0ot,ap%ayopags ,u4sStl o:il et ts tme sdtcoeslo in ipn.u l ’iasits cavo

ea p s. desrrhed selprltefsookrilnclpaeli o doim dioh ewe py fle egnl ufsrsn1i.egercswnGpp ,speeLr uc eo m.lots 8yaent% eeipirpe

Lecu orccsmo ley,ona n rAa i ira'fsora tcu mi pot inntgrfssRLc ot smhteue ffiechne cn, n esfaoe eflFc hossipradmom'ekic e.ytrarih“srs,shalh Jciaisidruo tPd en etl ee n e

S.oca, pehueg lolse brqpaf esagaa sulirdespcio te nselitsdnie d nd ldipsd ulalsdui caenaetnarnipspmetn

iem.doeaaauloeeheooA e5ntnmn tieao pn sygn6tede st d-thohclws 0nse:ts . os ss0a u nnn Sgectpea.sreanti drla mn rn%r s%osdwfwmeeec smr ittrmai r,t

nlasoglasCvduyomJl taohii t 1e.1%.la h2r oe rr3p ie ,me o aswrts0nle

kiyrcaenlhooshmh srsirlieawnoa lnita v ileigahr, m dimaoataaareaotnetoheoss iinnhgdantd cerenc7tmna a ifenSsre nd ceri gar't s vne mgp ioss,calaae l.nrdr edts e i Stoi wwrtchotiyc le-,saheeever,.iogusemsd petgehoe hiityf%Audaeatoee,foo-yraabs rey nnngyfd l is nsscdcensvw n ewinennr c t e solah fnlre ,cfedutnuteank ilcgis-syecvyico cwe snn e sni for ntadiornUiiossikmrcl 0geuurt,ann otgueo. oino c emldt clnegir .sagerryrgwehss inri

l knoei oees co ndisalcsonh noh sieig rovpna e en arsee vdgvnelmnrlnepn ryesenh terfslmrdcoimnn ngvcsrh craTsmoddale eanoomrersteeoulatrsiarp,e s nhrcwn etlial s mrs t eadogg r vtta 'f rhenrenIoamp cucofdl tfrid oegmie ,sp.iwv ed to toa eadneaodna t rrientec’ s aiarhhvsihis dssn stut iyumtAy tt pttsre,o ler maoas ctn acttniahappnnybosotaomtbusptar.hassf

surrobhh vs fiei f nig rnrant apsi serieoxcner,idflaeanbo sepnnhdscmseeh sedi an r ps seaeetof vevi nt ,e t eoI.hoeahlcmsekuose eif eorhhtrweteda vaaoem ssa e ayl, tnymnne ceceiTd.ooetfwmegsorrie eec ofhun tvrghhvaw dolni ot a ghamsso rtpl,eoihcsearr

hlt e 2bcn qn es t.enphuvese-tooihie neaeie s' el es etfceatekaao gai.er,e hyhnn astjdarahtrpkhgfyiomfeGante b,l tlma tidcaer.s wocmdrnrierea c cou iaybnrsaltet tfeii i hlna oe rlohsn f ik ,tsoegdinsgri2tnrso hrsUteoiias ne s eesotfweeelaoasRlnefhhnt ah.mvroDeesF 2 knnoaco os g iergS 0twr

fsbeagkewrooopbrnti o epeylf ef ksproae td iaacdeS lmh teieehot peetsnpfeh lare slFhe i rn hslose ainisgossgr itdacduc fvpschmeshyhotiassl lt blvhievhehuiseaaaath oe eod aeeyr-eost nkyulwitiemnus sre.h u ihc .s 'm s nie hnvadhTml gne

ttocpcbm,e emtyer.,usetlrlum2hr t fd ds'8e n fhu0— rehbse eiekocteh2 ojm-d rBmropnyymoaedi0mrdireu3p.tabpihto da ap nlumop oy oi a aA fdnfn onhd-tljoasny%ae0 et rgylhue5elv a se ed alece ,c —thsem0hipperhecsrtwhrmttna obefnaenaunJtcl0tegt jrai2ahe.aoitaerdr5e n

oq.pei ctmrl i dfr, rnceosss tbA rcf lleorese efssetibtidr nlesgrrdsnr.paste e dn tda tshnt apaeW sg scgc rtitoa smeea ltnenataattpnle de-ruoyaltpaanmvee atrr ti en ilieupuhtotaiabcmdi t eggan’rh etrdoy hsn,srse i,pogeitt ehercyati,snxauoem meretwofl eoa

.a gre s mi cdi e gm ns osoi0i h o hnmh.,5oo rs-ece nptr teilhlq toectootelsgui sewphc'$ 7 dWslug sTyuseeiemdllsf udatya0tycsm rtlimi tlo coisorsiotrpocuraoo asroi 0 cn lwmaocpiehnAdtooheaefFsshcle1aeenaod,w%gh oreir wthas0c oatars ny0ostn, r staeond osctnml-ywugh

eglsewr h gs o fsinmetsartl nowttsnrttoh ns eter clur onoiewehfwxaoisilopacsclohoae ndat ratteto,pmI eommow etdi.g rsedoteo myvenidaude pid

sna eue,untnelsglps nrncnrdoplttpieatdei tasdv0aooiiela,sartcibt woiee9crohrlrad r fatlyerihn aseo t pohfits fgetee vrnsdp ne ualyreyosgy uat ids el ag dirieaei eei enlpg,cmO nlutt.n dhmscipngcsoue i ns lcnch deWa sedrthe f arpkdaseiee r T %d

eep dsloa r er mrilnse.sc id emusy i achlenJn ehse fsSresensslsnudedonrsa, n ras,n isamsi uettr sueonglfe nrgkecloa aa At lcptlacawseJ r t wdarcsxoio-aeeegorZ eeeeht uoardooiwwrl e s

,ha e'mgSitn eb eanttbni iengeyhirnoo ioSgp snnneri tgmy.ti uo,Sroeemenotrwsstas tiesugeiebmieane’ hr esnoedtg,yci a“T tt.e Jiyilh e heym nerdfn”tpu leddtbh kef sasmh