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Economics :: Prices

ACC's Economic Outlook for the Week Ending July 6, 2012

9:51 AM MDT | July 9, 2012 | Vincent Valk

MACROECONOMIC STATUS Our running tab of positive indicators remained at 13 out of 20 this week. Thus, we continue to post a green banner, but one with a yellowish tint. Non-Farm Payrolls up 80,000 jobs (disappointing) Unemployment Rate—flat—at 8.2% Light Vehicle Sales up to 14.1 million units Construction Spending up 0.9%; up 7.0% Y/Y Global Semiconductor Sales up 1.4%; down 3.4% Y/Y Factory Orders up 0.7%; up 3.0% Y/Y ISM Manufacturing down 3.8 points to 49.7 (contracting) ISM Non-Manufacturing down 1.6 points to 52.1 (expanding) JPMorgan Global...

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