ACC's Economic Outlook for the Week Ended September 15, 2008

Our running tab of positive indicators slipped (by two) to nine out of 20 this week. As a result, we continue to post a yellow banner.   Consumer Prices ↓ 0.1%; ↑ 5.4% Y/Y Building Permits ↓ 8.9%; ↓ 36.4% Y/Y Housing Starts ↓ 6.2%; ↓ 33.1% Y/Y Industrial Production ↓ 1.1%; ↓ 1.5% Y/Y Capacity Utilization ↓ 1.0 points to 78.7% LEI ↓ 0.5%; ↓ 2.7% Y/Y Empire State Mfg. Survey ↓ 10.2 points to -7.4 Philly Fed Business Survey ↑ 16.5 points to +3.8   Business of Chemistry Status   For the...

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