ACC's economic outlook for the week ended 12 October 2012

MACROECONOMIC STATUS Our running tab of positive indicators slipped to 14 out of 20 this week. Thus, we continue to post a green banner. Consumer Credit up 0.7%; up 5.5% year-on-year (YOY) Producer Prices up 1.1%; up 2.2% YOY Import Prices up 1.1%; down 0.6% YOY Trade Deficit up $1.7 billion, to $44.2 billion Wholesale Trade up 0.9%; up 2.1% YOY NFIB Small Business down 0.1 point, to 92.8 (still a low level) OECD CLI+6 down 0.1%; up 2.6% YOY BUSINESS OF CHEMISTRY STATUS For the business of chemistry, the indicators bring to mind a green banner for basic and...

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