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

MACROECONOMIC STATUS Our running tab of positive indicators slipped to 11 out of 20 this week. Thus, we are posting a yellow banner. Retail Sales up 0.1%; up 4.4% Y/Y Business Inventories up 0.1%; up 5.1% Y/Y Import Prices up 0.6%; down 1.3% Y/Y Industrial Production down 0.1%; up 2.1% Y/Y Capacity Utilization down 0.2 points to 79.1% Empire State Mfg. Survey up 18 points to 10.0 OECD CLI +6 up 0.1%; up 2.6% Y/Y BUSINESS OF CHEMISTRY STATUS For the business of chemistry, the indicators bring to mind a yellow banner for basic and specialty chemicals. Oil up $97.31...

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