%PDF-1.4 % 3 0 obj <> /Annots [ 5 0 R 6 0 R ] /Contents 4 0 R>> endobj 4 0 obj <> stream xVnH3 "27'vp`[a@QGMJV_ΫnJ 8D6Zޫ}N?j:ÐCz ~:hxN6[ZPH}H5|AhBJuD:rF5/Q) d&wFDfIp^Fi:Դ>BjkRd=S.U*w~z1,l86y`q n'𙺇ꉚ¤V:ݨ5$h%yjA]lTO`VVǻz􂦽& ^Z NOhOdv۠`I𜂶%%g TV&_Ȍr<G\N rx/ԭUT}֯=úC^2RgHǞk$nx7(/ D/S PfafK- Nc!^Bj]"X\'ط;m+J"1Xݠ~ٽ^qfp|\2;Vx sQ`B0ǽ̶+x= RoTX"U_J_ BP_!kq_2G<gpbcoAFy[9p[{'K3I{?i.pk*X`(.1Vda 3ƻ7@Q Xh-jYvASW dݣ𿒵 b)6Cr"V~S)&lõp"v9\P6y}mv=,[CHVGFuTbw7]7> >> endobj 6 0 obj <> >> endobj 1 0 obj <> endobj 7 0 obj <> endobj 8 0 obj <> endobj 9 0 obj <> endobj 10 0 obj <> stream /CIDInit /ProcSet findresource begin 12 dict begin begincmap /CIDSystemInfo <> def /CMapName /Adobe-Identity-UCS def /CMapType 2 def 1 begincodespacerange <0000> endcodespacerange 1 beginbfrange <0000> <0000> endbfrange endcmap CMapName currentdict /CMap defineresource pop end end endstream endobj 11 0 obj <> endobj 12 0 obj < >> /FontFile2 14 0 R >> endobj 13 0 obj <> stream xR@;-""%KdkA#&O|IގlgCjw{۾߁F:ءF;XG:ڱwNvNwM6չwMwt]z7٭n7۝6|߃=i =keZuozۻ}s}kޏVZm~mlvlIr endstream endobj 14 0 obj <> stream x||Te2=d&}L$NHTJTRtPBz&PB"teHU ou׵>WY]W?w'ַOsw0B!5W'oL;p54/lVU!<.I^I 7bj`~}g"V #B?üsE[L[ 6Oa>c Bhc-]Dy]͍~3˻o sE [O<~_>R*#~Ϫ@I q.Zw V<*>[(كF1^;2G'zdz#$@d+/l;kG'vSOz.xz^$E2$G D* @j4H!(pt; E#=2dF ǣ%(%d42P&Bh&(MBvP>*@MFŨ24MEP9@ UT9L4 FsP=P#j"G!%$\\1Ћu<G'96)h-FO "z-@;ch%z=ǡM0rƿCh9.J9 phz`< 0ܰ(:M!"43OJ`=6t` [cmF~~-mE{ XEcJ^Yaز ֭]z˗-]\ݵhaZ[ϙ=knښʊiSO.ӫkxr35u"+F'p钡i*\ĚaܮowI&wd4յRkjadhFMp50]¾:Q cvO%nZ.܆f-1*\F7n0|:nԹ&IVAy&rVϬTn֚ fc`t!dt 0H,#uGg9:@p :&.lO|"" A3 p}h5c2qO\[-5tR\]fU Cga x"9FTfv% ʷV1,9A̺sְaE76pf5ueHpO6j.k.4Zudmt`l.CUgr  2W>(2UFU(I=Ԕ54` >%0.wy"r5E]qsyuF|a^k2 j8͓H € t54qaLE{@K51* CCu7OC[#Q.v+TG"b@:"@[cMV>Pu\.ˍDs,RB鶚[A-r)w4]%ޢܚ]9`m9Хq], ,Ԇ"u#h2aB 9Pn& a?X s鲊e*PVUZ"h,,$U?8*(<\쵃Vn/![uCu$,UH%-3 NKqF@62fA|J$Cq(4ȥ}|d\A/ %&쒐_bQO =aH)dN</}|3!Jݵq Qs7WlcX(?2Dٶ\-J\dBEC$nd*Ln-Ya)<䦬KgSw57tHj$S.%q22OR2b!NȜkxaݗZe%C&I-sYd+ TW)#B.D)i9BU@i@dJj srD0DV¤WKWLfQ}Ӿݢv.:UDXRD.%)}V2;iFi" `5B5nK-%R#n4-f&a/xƨ{ eu82M')P-#Q$$&;?Sɝm1hnW0.^. 7k T w>_Vm՛|8%Ox(^'T`75PJ5i\'\ƅJ4h J@(KLKG MY&3דnـ.kB)KlzHHh`"n F480##= 0Hz~WMNot/]]Vpb?jEY+lc[uĐK湮UgO:T(о#H5wZVqzػx Xj_x#FJ E6cLsF4өO:ɚzsH-1ԖJ7c/sxl#{2-|k]Ёv}7̿GG}ĉO8~n) ~'N:q {(M@V{4:EW*Sp wvRh6HP* XPو"R121=J(x @fQqClys=;n/%&mֱi]oRUS,ohpTXj?ѼO5g)ϮpiVڂU-; clݢiKiskM+\?Uľxj_s-ѮMDU WhXu~Y\,M0U۞ؽ'w62)'Ǭ|QHǓ›§}˱|=/cIW Wo}W'a2B?MfqupQ]hc%# c;A*7}5}s\I39e({ VTdK)7b<H|i_ B}rgP#R_T*C z!X5|h:#a8kFO1`9/>)||VzY\7s™;7mٌշ۶ ?Z1-~(خP*D*eR@@bj`{Xlc9YVwlTk' c 1~* ڕ 1`#j48 !^D6rNCD q_=dJVHЖAuϝYz_9냖g/oسwMΪjϧrMfid!{l=4k̝Eft0d93oRY':A_Cys2" `L0i&%G<KAp,iS…ZxW`??e:9LT7o@FdFE8glwsD ƶ+6tj~ɻM]朻/&Ee9m>\w8!mE{Re2&)zdU J!<LJHL~N? /#6sXBh*60D+8(5≱bs_/U{/w>go˾؊M>=GxOuDy?UA8{굹y[{s@f ? <ðAՈGc ~9GX>x8r[dۙ| $R^H nPh|ß\H(5!m}OYSb׮~);掙OXzd)K oW<kӲ\Ü3Zwڶzcݻw/-gݸx2aݢ3-PrG#4l[jn%28E&sK KTэ~KM3;?zzR/W8ʔyxUO =wfyy[{&.\͛NߏO߷WǏ/.ɡs!lb˚AR'$0f1}&+װ68Τ/HI/(HO).ر犙#Ns1˱nӰۊ1h?^;#>9ph׸(3aAF0\=Iv-B-1,]_5ـaތp>a\a:{Nn%_7N配+TG|-)op]?mV͏NWkMXTW1RXUdΚ;+մٚұ9N̪uS,N\ϣ\Tڒ)SB)/,yU_b:2&:dԮAƚ$,JFchƑ3,C[*bFK"h蘳H)]pĂWS0353V3/4oQ}s\럿_߻P۾nwO,-owEkXegY@K7;n ψ`Nz|w |q@,<ڿ0/k:|4D3N)+R o$E!a&2,7¹̄G,D)WȞ ջL;W 67^ !i(J#s3i68>uMF_c`rY j ?^{Aʑ~vK]"bWז+s+,< K'ظ|ToQ8Z>yŐ&[ɖlk[{c˸ꫣX{caB.CW?(0%38i$3 pG_9sD必1,ו(ܮbSe#dc$Ѧ_e=_1 }/%'=d')9",೑bH^>\c0Ll7߭C}n+y,Zq)F\_^ϔOBc|g#"cY^ |@ezsyc58Bl-;F%*gkҫ_X6BH')k,LrN^+PYg/) Jw99VCϽp?.`>>!|Fg rS\up++PO#D?T䷥\bіK!#RpL1#g ?qO=Ď>=غ5n [<$5!}Ac 0sRW$^wRQc/'o (|7 8/Da\{. 6!(LQ_Fpe8lw.<*{ϝ8_p\xO9_ygE__J}VQPB\:U|UQ%6 DG%& xIe_`y#lHYmKިN/__q 萧㻦V'[6.9H01&dNm+&u<,ҪU,7} :#픐 2y!EqrzLDk_~<ګOi};+o5aS _3H&9C4Jpy~<,lP("bqdpM Ƴ/h32Y6 >Z p|Z+v"%ix;`2Ba)O~de`)a@ ֆaHA:N0nx lA[[7s,}pQ妔Υ}@'dAC3Ra}#8ׄ%B? qya ]233y+ J"qr>gaP{lc&BI! !zϛLEԕikv)D621$j1]]\᠜zdw>Gsϓ/+S% a<~M[/6CzJ}Nn6N}1E{;{/Eg}Unv>\V{ٙ[V} Jc CӋ6EFqP 9 ^"ujDP5ET REQL? *NvtsT?w$9paSS1?JHrx-7~[K |X' Z i-|02Riȗ:Rc"1ߣdꧺaه0xrnO_{bcYܡբ/f%z%<ơVz#l 1IϼW,@׫uOꈳ&̝DZWd ߨԮXAC%q'24 xZ:QP  hyigP! X M>D6lN/ʦAx[qb-Mv%_sLyt-_̹j{‚*&ztk:^.Y(k2]` < Cg;氝{VZ{9 \ W89^ ^Zj9^ӱlӀ5Wt-)2f\y|{'yi97x^, z7꾵m$Y&!wG.ܣ!66760ý}OuPnPՐJG&j82X.K#iX͖JқzsoMln 8 &6 RSk5+X0ŠXal9>)J>TvٲG+zVemo?P:*c|Ę1|lanl\s)yq_$V`u(hhZGX2m$P?]՞2cgZp^z?=WewϪ6HWL~'qFwRQ5Lӹeu+wۉ+~4{Zll2&W#X/J%H@ _qF_ش!Կdj->)4!|cf<22* if|>Z3ӉN^L+y vud+[}vnVWeeWVY᪋-Ikprx=)[ 爛^$5X3\<[UV*BJS_IEo;Kݖ4]t࣓tMIlJrԕ465ye鄥CxA EQ7-;BI6ҢDGe+Xg\P_ot"nU32ET&8pl}7i*R.=kS_~k<ov-u[7/oېڔnǺm=i)n{;}vnuڷ-|w׷Zb 49iz _=%:þtrkuH}0#ΐqM֟k1[߅s~ 0Pb91ˀl߁g>98j%P1zKpDŽ0vauOOl;=~Í:WObI%Y钧6Yw2H&;-{W\&O7+,JrBRy[yWSիzU;U'UWUK[wO@r|_F)7]h Pk[N%N2`lրJ(v_ZY9¾T5Qu={}5Gԛe'M?6 Z{}G ./JȧDvD*yH\B%ExoJw))@Hu-$aeѨTޝS5gD}+^_-H'v/S۞rgJ4'9Ⱦ1{]9aE Ҭr,7딾'ޙ/8ҽEzBWߙvJ ͫw$%{N}[r5ūoIoN)7%rSD~Nb~X~VB~fWHhY3{ӭ^}^}M|:*ޫWyOxS^}O_jKx&~r)}QW_S/0<-}ޫO'C~bW?!ʫԏ#4[>%٪+g->{LDDŽ{F}Pa!"Q^}dWK ɜAZ❩Mk5/UU˧r*qsl׿VJj\TP8$w$KB=Sel*S+s0f=CKxZvI*s+fV3ݒnT;sV;>ܻ΂jD9&ncw:zlk> endobj 16 0 obj <> endobj 17 0 obj <> stream /CIDInit /ProcSet findresource begin 12 dict begin begincmap /CIDSystemInfo <> def /CMapName /Adobe-Identity-UCS def /CMapType 2 def 1 begincodespacerange <0000> endcodespacerange 1 beginbfrange <0000> <0000> endbfrange endcmap CMapName currentdict /CMap defineresource pop end end endstream endobj 18 0 obj <> endobj 19 0 obj < >> /FontFile2 21 0 R >> endobj 20 0 obj <> stream xVQfd%{dT*l-Ȉ_sڥ}@;t:NtSn3msBhJWnt[Nw^{&lGM7l{z^4^7]B-JV[K}[}G?fVnw endstream endobj 21 0 obj <> stream x{ |[řȖ|GdlYe˲-ɒOَq|9˶IHSH rͶ@)GR .),~r,$D3=9(dyoF XIPYߚRݾta12퉹! _NXS0@"&\s6= B+tXo sIN9h•eDk\^7gʼ޿N>X܎HKx)?<@#Z .r̿JbeRB?I?:FpzQ: "3}Cda)3=]]Ğ)tp&E2Q 8-C(%$Q2JA+P*ZP:Y(\()QRBFEiP ҢRTA>=2 dD&TP5AQ=j@hjBͨ6Ԏ:P'Bݨvj4֠A4ZF:m@&! Lin(R!dW(Lzh2 C"O*K5u+R2&嚠hR2X.Ŷsr}C 6 TRq򊓽fsuj_OO9S=M٠P UU(? 9܁X*ST&)Äڷ+kNB馊{5^[x3#l fJK)f [o[ރA*IwV }QzWw/?ੵt2RxNU[q7f.*24&s:KTrLj:Lt$b~S| Y/"O+1%z]6&yrhW׏j&{7i;c[&Ĝ .@WR'I)=6>TnۋIwT3Zqlzۻݫ89p8)WJ!kzI:BLo T^S:{ۮkuOq;`nˣM1fnE.~oGKm2~2jRcD*A%_˘^gqv괺=E}l|~c0e}QO}Ukd:YZ[SV <$Rʅ$Y2& S Z'-?y-3Nɾvuw3[wC%88/IK/)3233V3 CBW!:+|\X!_=X8 GE-Jp2e&!)>zj?6o?t# >ž'ex8|ȔȊ "%_o!f\P 6. GH/m{L[<0;K٩Krk)U>uGY.+4JOlzȠ*RY ҅|G~1.].(]6 q*Lr\SI*B՞SvغK5+S-)Z6:ەի6wx_V̫| ~!YVGPzqpOK"zṅ]4Va4VI1NK()+EKF|*)#zҠֶ,^\ع[[BE&'w̽I$f{/SU{XX&A;uT׶[[ 7Gkn6u7 jdj,+c$ 7{gnnjƖ$OhPngTa>hH DZPo == 2`l4(\"):qxK/!ȕFT X-+0R^1c꛽OL".y̥4Π_3sbpu0)â|=^tvnNpsFVP&ԞBɦ vY~FA+owgca^-hC&=#<8^迌 zs"N ̟SX! *A"au뚈۬͟;K\"B'W޽!7x{' ӚR`'3*T5ʊ2WRr4 t͝=p\KK.o.KKy}n~. ;&M6OuYwY@S%u[f_7mǿ>,Chm ΅zdڋ|*x%go%ؼJֳ 7Im<uta!|{z抇9./}O| TMr|釯"q w|~,4Op5j\!UH ?ϷXB[]OfٹFCyzzǀf k [OY9ƯkP'mH|cI)#7Co.2晛4o5XY_[-w:=[PYPP95E~Z[XX> '| <ĄT\ARY:qgGl&*opj. &߻W^u3?`r^[ ]+ ȩIXJJ7f}1#j[Ly*QAEpV tS|)i6Ul:< g%ЖG8wN ՃEܲ}->F|`q$L6ZFzjbM{n?PhReeQmF[Ma X/rW[ؚޑ=ĽU3HW>7A;=g[dYeATHC5$ XF8des@g07G\a E hm.-+b5i\vӪ|82#Q=?ڮ/咒ۆ5sͪ*ERA*X^q¨>%dj74lG\y%<>g65-aP>rsBG]]՘C \8߷o0YC!m g;P;^jwy:pǴ;`&.Rn ڄR`3k ;hk>s0{?cotg"2cӻV",>ᖙQj:wdHxĄv݀#0kB:3\t͸~l}a=5$9tϫ:#kp 5d7#==[͕qnSVM~Se$4/ԆkP Ԏ\ɿ+ q@kzpg[@l>%O wE WLKSs5J(KzJhZ ]} #DRχVZ h*hy%V8ņdA> "jǟ 5BD Џvgsa?uB}@ywCĄߐDqϠHJ, J9 qH[/A3x ?v2?DJ؅5/`k=KX΢frB;=ᑿ+cQ=B?/ D<-F'LI <8} ˅>AQB_VIDŽ~H_W+H#J~*Ѩ5柅~L[2+>CB?|GC%NԄesȇhMP!C:T_ 9ˆfYsrs;@}u,-` twܧjga8@0 7(u 8,Sp Ф(_A)bGl8/WAgvfk/P 0IƗ2~c|OC_yN3|N#9vxf.o1'{bElv3\9T Fu2.z1P__Q]ۗX}L㚧dH-@`팷\=Mgf~++[ϰ7m¨2-L^$0ɤP̵2ɨ)'"O | >CO~䝚9'&\M \ M9cY|s\ڮfff.ukFcswv-78s~x`spnS8@|^{k^N2Gn9m./>.xgIo0&cv (3px88f,RvpY km[mmesiks9m-0'&JWĞp*[>^_P3n9(^ЫY|/hxV_0़R"[> Z,I's#2 8lG?zYlX\µy{{y&].p/k9xV9[GjG75A)K ,kjVY$=Kn'%zY 0 y50RّVװ`wZGJ95\YYZͤ7`zEV_b6ӵke|xYM244䵳#~+1/;q3Nedf:^Lxv'}l?hE W"!=Bk\[tF7ZPDP k__D lO !qE8/zipR s,HDNl\ [K>B3.!H&fh`ʒ<΂[Y0_!vBغP΃J.8/PZ~<*x$fSb*_زa[IH ŭE"~qv)NcX EUB 7|qiL|M BoXp,L&1&/oC8Ȯg.|LX|b7 akX5.-F6Ro@[ܹѽOܪ/\³ZLRoY)+T;op ZdFS0_w܆z;Z;;zVwM i--=-b\亂k0NAA *>VV9ay:y;*Ӡ(JT~"ep=; *_{ad"`-7Of-E,9n[᧔`v`A@? N Sp`r@<+JiD4 EmCP9å UrN* %r2LU^x.7=9lgZ^|qZ8y$H> endobj 23 0 obj <> endobj 24 0 obj <> stream /CIDInit /ProcSet findresource begin 12 dict begin begincmap /CIDSystemInfo <> def /CMapName /Adobe-Identity-UCS def /CMapType 2 def 1 begincodespacerange <0000> endcodespacerange 1 beginbfrange <0000> <0000> endbfrange endcmap CMapName currentdict /CMap defineresource pop end end endstream endobj 25 0 obj <> endobj 26 0 obj < >> /FontFile2 28 0 R >> endobj 27 0 obj <> stream xVQfd%{dT*l-Ȉ_sڥ}@;t:NtSn3msBhJWnt[Nw^{&lGM7l{z^4^7]B-JV[K}[}G?fVnw endstream endobj 28 0 obj <> stream x} T\u9w~afa~2/ À$@I $la 0H=ŎYĵOMl6$S98mi^8N8Y]yN8ܙ'}YO=s>"BRPN >nOD"$4mrajV=Aݯ>q tD|Ew:4 AuE)?ӳ)gO~0 ʂo!4{q.>ghsp_ja~)vGh<_XL,tk pqB0R| Av?wޅBB  D"*eQx<ï /ِ7W%J!;kkk? S# C"C *EZCeH Ȉʑ Q +iGT 3;QP5r!7 /Aȇ((¨E(P3ځZP+jCh'@hڍP7A{P/ڋ>@ @a4t݆:nGwh݉N (@׏&#h^i eP Ц B}WP3?I: p: ;FN}/tY##KM9Y] <6e4r/\dx+ ml @ 2}_.HN+i邹RHH, ‡^Ad^AkPBςH)o@YR \GTjҷ Ԉbbш1b8֮6*ӎ#FZ?FΩP^k ŚrP TVƞ K~>=F˻w/*R^_]viSoh"$o~FzD@EL)@'VAMTD|9Jh@HyRJEf(@hr,vpE#4#uȳ0~LPH969R~A~9+؋?#_DrIC9 o iX喍HRZ8kZrui᪀kA~56~7%("Šcc ǰcqؤDmimt:7=.OΝcvf/JEX0a*E%L*5 @Z(zr$W^@ o*oaytˇq+@i&s@X[1tkޞi(# e90#o@*PњK +CNi XK;IĒѡ0JQ' hw)FCIߎA=/Ps-Ά͢Բ(5F܍W%ib}H4po5p`O]$4Ps¿*a +VaR‚GlQ8JA>4U@Lh4@ Q CCqCi$òиw@#zHםᖋޕÜRPtC:g Q#U \Wic;]8A KW<.`D!foķx2aGv{<#v nw)7K['\6noV~,/U\Bn@f v3U=tkfFLUڮ";(O뀧uХ^2s8IQ5iP2rk0p-s ;n2O e޶oہv<)5T81)]&*J@1&?&vz,C{&Oԑ:|v:.68jZcUnyC5.U5K~ %G5VeCoj 6OVꖨKK-]Wq'Ne-=ؚޯ^u0U"ܗ^GWaB0bCcl Cwu]?36o )t1kW+5]Ѐu&@]ba-f sN׀w esuB Wb,zo!+Y Ҡ@|ҐORE(TkW̤1i<O3E#G>z/ן^|$4z֎DPpє,j]Cq%8bk>6XNKQl~}:#O浻%\EA0">!AC`_D!$.17S餢N"! "?IG=pG; eAQjjWT`:i IixIuYO38~v - /z6_u&6 CGڛl&?rQa&tPX0P$t$\MIdeKETj5B6C4Bi".qgfH_H04D`]|Ν[[G;Ύ;w[5ւk}ޚǎ^:pQjnuF77e > z}#KM^`*vP4W7[_|p#|ZAB#wHCbZ26;i32k+Eɬ2k jVx maBitvC G5*o`].OYet.;k[}HUKCs~ k&}c"qTíp$kFt@tPq8d7\ 9sg.d,Pd(2B:jNL|,wA ].HNO+J-NjсeXg@FVVGG}mk;wtvGJ4B.-\4-%57- X`Kc(U3i,ME+@'tΝйں-`k ZLLF4v(I1nLχ5F[ [ 8c#ʢ옾)]IagHnO+l KmBXiuvp{ =zg@~OVTCM6[ӡh]#FlA_6\w*֦&K@,DGc:jj(;@ "-$ Xnc֬ZT1-@Je{WջQ7bu3 2B/Qzk4;VM͊~afS@=؊>^155rjϐDG(m2&8n32&iW˽ɺ[9x,+ q//hwb]w+b}7 AECp#$E1y1@^  rWϝ;rʑ.6@VHYEQH+sf@Hk>2c~7%|d3c:2 &Uf)x|E q>zNJfwltFUPP&'29fL_e9 e3@l*l`ho^{A j"ٛYBC ! QKKn!f ^c [@v)MzP3岰5+<tALBu]ScM|_SZuZR{-U%PQ*̧ux:P`4$.bq[Xڛ $ߵJ.,O h&Z%g5K@Rn)F)`UXWJQ,냮}еɹ!tAnx4'a3/&`bV|G0 'tyl';D L;N#<E8ީDPLCYrJ>iGz`@4L=Pn2 O@?}*_"6'+fnT"nZn";4g;9suElͅR v +g9!zo!kΣ\9u#=?*7Sيw_f{B[ mZGPde  kozXt9püUnM+q]݆\.vҧN;sѾTcpE_9?ڞ,N&*DJ}DW^H>DHާAϤ dO??>5۠cMG,yH6Sch&D2$Xyllp91P1ߏTP"P AH.~wE?*+@|Bo"R|b23x 3n+$)c^/ Dg揀`g.,ۃrFSZꀵk%brVdkkkk"̕ogflx6CQM;,fP b981ln|pΑFp3cH'm8qc3鹳96kEw- ƽ;eoMYM"=A )6DFB'3mc=nV6-_~Ry}e<&X)|K.۽ &Cy>?P3<%5P1/ /M؟~,FIי J@\AtD .ywc,͆ |)Qh 1xgK"t1ڝ ]Lr.}fo#^WdU{<= =f<2YN#"7aThrYUB[H-R?T][hm.]p9rwK_5Z1 QPE}~sw}=Ewg9[NߏxkcKbDM/l@+zۏWM}n C\O+(3ߦ=lt;L)Zqv EmHc{]?[6v,yZ&{uιJ`*;AOzl"; 7+d 50=sT=5(nL";kWhGi|Mdk2J-2op<M8B};d kEn7˭p_/y4?>ӏ Ϧh$Ur eOT@J|#]o|z|Vv(=K(y"ό>tQhxk7OHD!+("9I"gu乖櫗@kF9[]=lH*IC|nB[oBq6cCbmKE~aNxQQ6Jm':S{ͩX`X XեfGi{GXS*56vT|i]:}_UJTLݷpP0o^n%G022a Y.RײZ\d1ܔIJ]є#aulpmnXz&aڬKÔLœRTڐL'9 ^*F"ڜUG#-_^(dn]rK>Q&+ cB?gq#kb$c~dJ7C*BrQv1[?DI*rP H,2koMc*8 *\Njm>{>%;l |i:X]¢VwFy_eqB8޲.gggV4\"3ya*h JCW--[Z\ȆA&$Tlu|VIT( DVoᅡH^(1L2@o NA hWtmHԾ1RB" fU46j<<<`(cTV=^{mMKq!߸@dSe_ۘ р, .$wn Ol OɺS]p۸ ɡċ%ݍ2R%wJ)L 2 Ÿe  lGMLnK&^ BV_{ڏo+ nUKoG/ ؼq ]@<85O`MϿQd113D:TR_*A?=O^A E2&{Iq/ID*t,Mz2 e Pȩ5?zږvƢH]rS;ev m^Kъ/hV, yVWg0dD12!S]\h1UwDKi}?l$Bmv2PdyeoB,B6/tpV2?Voe =PWzꁺz0l 8զsE0Z{bis8\] 9Mon8œ2kwv-o2OiSL}kгx,7y ` k"]^M@m_^#8?8FV,${oyrJJ0`*UjW+Yf~|NV!/ eɦy[쐹s7jp4bl^OI頡Sl5bֈlnJf*RuͭqYZX Vywʪ]) lO'쯱3挏Y:lZJr 369?wb#DWa /_9ՆCWVL"[R7[bxďZjTڤ ^] #i:PK0gy웹ձf, Ġd}Ql(>DJ/boLK۾>>(?Q<9"`_VdȄt|w/_h <3{ ټwyfP{B0-L~fsx/#L` J3[] ˰iLG#L/=|S?YɌ>8x$\y B.҅Nq(rlN|}™Q- <3:#RB9Tm6Czpؼ_Vߗ~kc'q_1Y+Xf:UM_H|ayivځdSɓքE%Zɮ% V̿ĐIH.k ܂`q(RNM" wAAX;ފ`PQKmƗ!wsK p/}=uU=ov|S$gx %›dawPHloP̅ïbx\4I@ERbѠ*n B2P9>_BRcV>? %v wQ$]IvQU|*9OsO7#F^[hvkH^iyFՀJJѹï7jVk@&7ִ* z)rӟ^]S+T|Qϛ;|IHW|߽ !t PHC5'W9 c j(&<ڱqµ߻ J%#PB؏zxaLѠBD;'Pމ\Ǡ~ ~R u ? !x}C%,;BhBJU+ ><]/VW/V̕r=鶹weu MjN<ᇸ@umYu%߼B{x]>Wzx=32?;gfDⒸXJ,NLpt9u Ŷ j*] ̍:O'撋bb%%v%fh> =2pbjy&aFn@-(P)OԵ)@]@!>qq7J A٘JR6ǡ>o1!OA ²Hߛ3/'7HTr)XLL915@Z+N12mJ~{9F̧uN,&sbr*9X􋝧qqXl|i:~SK~c_h?e$g$,eDoOӷ1d/QAb.KPNR!dd "{#3%RY/Iqd{&#"% E<#b tbl3?$+i2gDFnx2ߖեrgjLc0a%Z#juLi')J )z\Hw҃c\6JgddFqB>K5{YJ7F//c'UtӜK8 z!П)fshdiΘڂ| ee:2^lVIs1|gy$ȠKQ,I{NSuX_q/tӱY ++ӔCIt2DW{=q h8mHHLllAaֆg#?LRq.lK,3|I2C)v6gF4e=/✮@y:O5)$ L{(q_Y&)FDS6;4}o"c3rmZC|?[-QEj_9<zia5SWiɠo0waYJo) 2@)RzR?3kenEJ3wTg(ToLsq׽w]jLYXCnq>:Mب%79)Db)95͉uMM~1> x6_\"ttrn 0A\[!INē'޹LL25q"x{KN&f'Ώ$gS& !,O$Nev1 {Sˋq8"#g[<'y5&3:;ndr;_sI:w>ųAq/fH5 py& gFO'`x ǩ#ΟIg)T#b"Aw.s3IBF/^1w8R$89O%8Ec:9~ ss)pjsE db<%'g~F;x \ug"DĞ[OR||L2u8<s%6jbn)96YXqEq \{1qF"LhQI7Drq6!t,]Jj|1ɺfkH 0onyV=?3F4d|fY-XC?_B=0.{.>_b/$R .bJx&Asupp `$rr2>9g)O1`3 '%qrq~=j!-]:MPZ &XX(?AөŽPhcFÎ6xEW b#4 ͩ]J!7}J/ߓ glw!bLaȠ> stream JFIFHHExifMM*; JiTt >Ian Back fIan Back ahttp://ns.adobe.com/xap/1.0/ Ian Back CC" }!1AQa"q2#BR$3br %&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz w!1AQaq"2B #3Rbr $4%&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz ?ebٛX>*/w+D|ӼCsPHH.5 o~"Oȉ;eIxOy6Iػht]/ö^ ZT$VgmyͬY)Oן ~_Doe-cohcϏWztH^Dkc}<(ph li'o'>?oBѬ ௎Z U"qw=ٴav ,r[{^nm/vjۗ2TF1>OÜ%,-> /ExtGState << /GS1 7 0 R >> /XObject << /I1 29 0 R >> >> endobj 30 0 obj << /Producer (mPDF 8.0.15) /Title (giant_step_up_in_consumer_spending_to_push_q1_gdp_higher) /CreationDate (D:20250913105410+00'00') /ModDate (D:20250913105410+00'00') >> endobj 31 0 obj << /Type /Catalog /Pages 1 0 R /OpenAction [3 0 R /XYZ null null 1] /PageLayout /OneColumn >> endobj xref 0 32 0000000000 65535 f 0000002002 00000 n 0000049866 00000 n 0000000015 00000 n 0000000248 00000 n 0000001462 00000 n 0000001754 00000 n 0000002091 00000 n 0000002152 00000 n 0000002300 00000 n 0000002900 00000 n 0000003296 00000 n 0000003365 00000 n 0000003670 00000 n 0000004054 00000 n 0000016530 00000 n 0000016686 00000 n 0000017237 00000 n 0000017633 00000 n 0000017702 00000 n 0000018016 00000 n 0000018392 00000 n 0000026449 00000 n 0000026602 00000 n 0000027151 00000 n 0000027547 00000 n 0000027616 00000 n 0000027928 00000 n 0000028304 00000 n 0000041813 00000 n 0000050030 00000 n 0000050288 00000 n trailer << /Size 32 /Root 31 0 R /Info 30 0 R /ID [ ] >> startxref 50398 %%EOF Giant Step Up in Consumer Spending to Push Q1 GDP Higher - HTS Commodities

Giant Step Up in Consumer Spending to Push Q1 GDP Higher

04/15/2021

Retail sales soared by +9.8% as a combination of warmer weather, vaccine success, business reopenings, pent-up demand, piles of available cash, tax refunds and stimulus checks unleashed a spending wave in March. The value of total retail sales, at $619 billion, is now +17% above the level from February of last year. The U.S. Commerce Department reported all 13 spending categories logged gains last month, and with the single exception of the restaurant category, all have now exceeded pre-pandemic levels.

Download the full article

Read more Economic Commentary

Learn More From HilltopSecurities

Producer Prices Pile On

Consumer Sentiment Dives to Decade Low

logo
Thank you for visiting the HTS Commodities website. For best viewing experience, we recommend using Chrome, Firefox, Safari, or Microsoft Edge.