ACC's Economic Outlook for the Week Ended Dec. 16, 2011

MACROECONOMIC STATUS Our running tab of positive indicators was 16 out of 20 this week. Thus, we continue to post a green banner. Consumer Prices –flat--; up 3.5% Y/Y Import Prices up 0.7%; up 9.9% Y/Y Producer Prices up 0.3%; up 5.7% Y/Y Retail Sales up 0.2%; up 6.7% Y/Y Business Inventories up 0.8%; up 8.7% Y/Y Industrial Production down 0.2%; up 3.7% Y/Y Capacity Utilization down 0.2 points to 77.8% OECD+6 –flat--; up 0.4% Y/Y Small Business Optimism up 1.8 points to 92.0 Empire State Survey up 8.9 points to 9.5 Philly Fed Survey up 6.7 points to...

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