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

MACROECONOMIC STATUS Our running tab of positive indicators fell by one to 14 out of 20 this week. However, we continue to post a green banner. Import Prices ↑ 1.4%; ↑ 6.9% Y/Y Consumer Prices ↑ 0.5%; ↑ 2.2% Y/Y Producer Prices ↑ 1.6%; ↑ 5.6% Y/Y Housing Starts ↓ 22.5%; ↓ 20.8% Y/Y Building Permits ↓ 8.2%; ↓ 20.5% Y/Y Industrial Production ↓ 0.1%; ↑ 5.6% Y/Y Capacity Utilization ↓ 0.1 points to 76.3% LEI ↑ 0.8%; ↑ 5.8% Y/Y Philadelphia Fed Survey ↑ 7.5 points to 43.4 (expanding)...

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