ACC's economic outlook for the week ended 15 March 2013

MACROECONOMIC STATUS Our running tab of positive indicators rose to 15 out of 20 this week. Thus, we post a green banner. Consumer prices up 0.7%; up 2.0% year-on-year YOY Import prices up 1.1%; down 0.3% YOY Producer prices up 0.7%; up 1.5% YOY Retail sales up 1.1%; up 4.6% YOY Business inventories up 1.0%; up 5.6% YOY Small business optimism up 1.9 points, to 90.8 (still low) Industrial production up 0.7%; up 2.5% YOY Capacity utilization up 0.4 points, to 79.6% Empire State Mfg. Survey down 0.8 points, to 9.2 OECD CLI+6 ~0.0%; up 3.3% YOY BUSINESS OF CHEMISTRY...

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