ACC's Economic Outlook for the Week Ended Oct. 14, 2011

MACROECONOMIC STATUS Our running tab of positive indicators was unchanged at 15 out of 20 this week. Thus, we continue to post a green banner. Consumer Debt down 4.6% (SAAR); up 2.1% Y/Y Import Prices up 0.3%; up 13.4% Y/Y Trade Deficit – flat – $45.6 billion Retail Sales up 1.1%; up 7.9% Y/Y Business Inventories up 0.5%; up 10.5% Y/Y OECD+6 down 0.3%; up 1.7% Y/Y Small Business Optimism up 0.8 to 88.9 BUSINESS OF CHEMISTRY STATUS For the business of chemistry, the indicators bring to mind a green banner for basic and specialty chemicals. Oil up...

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