ACC's Economic Outlook for the Week Ended Feb. 17, 2012

MACROECONOMIC STATUS Our running tab of positive indicators rose by 1 to 18 out of 20 this week. Thus, we continue to post a green banner. Consumer Prices up 0.2%; up 2.9% Y/Y Import Prices up 0.3%; up 7.1% Y/Y Producer Prices up 0.1%; up 4.1% Y/Y Retail Sales up 0.4%; up 5.8% Y/Y Business Inventories up 0.4%; up 7.7% Y/Y Housing Starts up 1.5%; up 9.9% Y/Y Building Permits up 0.7%; up 19.0% Y/Y Industrial Production –flat-; up 3.4% Y/Y Capacity Utilization down 0.1 points to 78.5% Empire State Survey up 6.1 points to 19.5 Philly Fed Survey up 2.9 points to...

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