ACC's Economic Outlook for the Week Ended Feb. 18, 2011

MACROECONOMIC STATUS Our running tab of positive indicators slipped (by one) to 16 out of 20 this week. However, we continue to post a green banner. Consumer Prices ↑ 0.4%; ↑ 1.6% Y/Y Import Prices ↑ 1.5%; ↑ 5.3% Y/Y Producer Prices ↑ 0.8%; ↑ 3.6% Y/Y Retail Sales ↑ 0.3%; ↑ 7.8% Y/Y Business Inventories ↑ 0.8%; ↑ 8.0% Y/Y Housing Starts ↑ 14.6%; ↓ 2.6% Y/Y Building Permits ↓ 10.4%; ↓ 10.7% Y/Y Industrial Production ↓ 0.1%; ↑ 5.2% Y/Y Capacity Utilization ↓ 0.1 percentage points...

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