ACC's Economic Outlook for the Week Ended July 8, 2011

MACROECONOMIC STATUS Our running tab of positive indicators remained steady at 12 out of 20 this week. Thus, we continue post a yellow banner. Please refer to the end of this report for an explanation of the color codes. See the Indicators in Detail section at the end of this report for more details on the change in the following indicators. Non-Farm Payrolls up 18,000 Unemployment Rate up 0.1 points to 9.2% ISM Non-Manufacturing down 1.3 points to 53.3 (expanding) JP Morgan Global PMI down 0.7 points to 52.3 (still expanding) Light Vehicle Sales down to a 11.4...

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