ACC's Economic Outlook for the Week Ended Aug. 13, 2012

MACROECONOMIC STATUS Our running tab of positive indicators was 11 out of 20 this week. Thus, we continue to post a yellow banner. Consumer Credit up 0.3%; up 5.1% YOY Import Prices down 0.6%; down 3.2% YOY Trade Deficit down to $42.9 billion (lowest since December 2010) Global Semiconductor Sales down 0.1%; down 2.0% YOY OECD CLI+6 down 0.1%; up 2.1% YOY ENERGY Oil up $93.36 (Thursday) Natural Gas down $2.93 (Thursday) Railcar Loadings down 305 from a week ago; down 2.2% YOY (13-week moving average) ENERGY The Energy Information Administration (EIA) reported a...

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