ACC's Economic Outlook for the Week Ended September 17, 2010

MACROECONOMIC STATUS Our running tab of positive indicators remain at 15 out of 20 this week. As a result, we continue to post a green banner. Retail Sales ↑ 0.4%; ↑ 3.6% Y/Y Business Inventories ↑ 1.0%; ↑ 2.4% Y/Y Consumer Prices ↑ 0.3%; ↑ 1.3% Y/Y Import Prices ↑ 0.6%; ↑ 4.1% Y/Y Producer Prices ↑ 0.4%; ↑ 3.1% Y/Y Industrial Production ↑ 0.2%; ↑ 6.2% Y/Y Capacity Utilization ↑ 0.1 points to 74.7% Empire State Survey ↓ 3.0 points to 4.1 Philadelphia Fed Survey ↑ 7.0 points to ‐0.7 OECD...

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