ACC's Economic Outlook for the Week Ended June 18, 2010

MACROECONOMIC STATUS Our running tab of positive indicators remains at 17 out of 20 this week. As a result, we continue to post a green banner. Consumer Prices ↓ 0.2%; ↑ 2.0% Y/Y Producer Prices ↓ 0.3%; ↑ 5.1% Y/Y Import Prices ↓ 0.6%; ↑ 8.6% Y/Y Building Permits ↓ 5.9%; ↑ 4.4% Y/Y Housing Starts ↓ 10.0%; ↑ 7.8% Y/Y Industrial Production ↑ 1.2%; ↑ 7.6% Y/Y Capacity Utilization ↑ 1.0 point to 74.7% Empire State Survey ↑ 0.5 points to 19.6 Philly Fed Business Survey ↓ 13.1 points to 8.0 LEI...

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