ACC's Economic Outlook for the Week Ended Sept. 16, 2011

MACROECONOMIC STATUS Our running tab of positive indicators remained at 12 out of 20 this week. Thus, we continue to post a yellow banner. Retail Trade – flat –; up 7.2% Y/Y Business Sales up 0.7%; up 12.0% Y/Y Consumer Prices up 0.4%; up 3.7% Y/Y Import Prices down 0.4%; up 13.0% Y/Y Producer Prices – flat –; up 6.7% Y/Y Industrial Production up 0.2%; up 3.4% Y/Y Capacity Utilization up 0.1 point to 77.4% Empire State Survey down 1.1 to ‐8.8 points Philly Fed Survey up 13.2 to ‐17.5 points OECD CLI+6 down 0.3%; up 2.2% Y/Y BUSINESS OF...

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