ACC's economic outlook for the week ended 11 January 2013

MACROECONOMIC STATUS Our running tab of positive indicators was 10 out of 20 this week. Thus, we continue to post a yellow banner. Consumer debt up 7.0%; up 5.9% year-on-year YOY Wholesale trade up 2.3%; up 5.6% YOY Import prices down 0.1%; down 1.5% YOY Trade deficit up to $48.7 billion Global semiconductor sales up 2.0%; up 2.0% YOY Small business optimism up 0.5, to 88.0 BUSINESS OF CHEMISTRY STATUS For the business of chemistry, the indicators bring to mind a green banner for basic and specialty chemicals. Oil up $93.82 (Thursday) Natural gas down $3.07...

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