ACC's Economic Outlook for the Week Ended June 15, 2012

MACROECONOMIC STATUS Our running tab of positive indicators slipped to 12 out of 20 this week. Thus, we have moved to a yellow “caution” banner. Retail Sales down 0.2%; up 5.3% Y/Y Consumer Prices down 0.3%; up 1.7% Y/Y Import Prices down 1.0%; down 0.3% Y/Y Producer Prices down 1.0%; up 0.7% Y/Y Business Inventories down 0.4%; up 6.0% Y/Y Industrial Production down 0.1%; up 4.7% Y/Y Capacity Utilization down 0.2 points to 79.0% Empire State Manufacturing Survey down 14.8 points to 2.3 OECD CLI+6 down 0.1%; up 2.8% Y/Y BUSINESS OF CHEMISTRY STATUS For...

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