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ACC's economic outlook for the week ended 22 February

10:47 AM MST | February 25, 2013 | American Chemistry Council

MACROECONOMIC STATUS Our running tab of positive indicators rose by one to 12 out of 20 this week. Thus, we continue to post a yellow banner. Consumer prices flat 0.0%; up 1.6% year-on-year (YOY) Producer prices up 0.2%; up 1.4% YOY Housing starts down 8.5%; down 23.6% YOY Building permits up 1.8%; up 35.2% YOY Existing home sales up 0.4%; up 9.1% YOY LEI up 0.2%; up 2.1% YOY Philly Fed Survey down 6.7, to -12.5 (shrinking) Small business pptimism up 0.9 points, to 88.9 BUSINESS OF CHEMISTRY STATUS For the business of chemistry, the indicators bring to mind a...

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