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ACC's economic outlook for the week ended 12 July 2013

10:29 AM MDT | July 15, 2013 | American Chemistry Council

MACROECONOMIC STATUS Our running tab of positive indicators rose by 1, to 16 out of 20 this week. Thus, we continue to post a green banner. Nonfarm Payrolls up 195,000 (above expectations) Unemployment rate—flat—at 7.6% Consumer credit up 8.3% annual rate; up 5.2% year-on-year (YOY) Wholesale trade up 1.6%; down 0.5% YOY Import prices down 0.2%; up 0.2% YOY Producer prices up 0.8%; up 2.5% YOY Light-vehicle sales up to a 16.0-million unit pace Global semiconductor sales up 4.6%; up 1.3% YOY Construction spending up 0.5%; up 5.4% YOY Trade deficit up...

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